More than one in two stakeholders recognize
Intact's efforts to build resilient communities according to the
Resilience Barometer survey
TORONTO, April 27,
2023 /CNW/ - Intact Financial Corporation (TSX: IFC)
today announced that its 2022 Social Impact & ESG Report –
Building Resilient Communities is available at
www.intactfc.com. The report includes the 2022 public
accountability statement for Intact and its applicable
subsidiaries.
Society is at a pivotal time, and Intact'spurpose – to help
people, businesses and society prosper in good times and be
resilient in bad times – also drives its conviction to be a leader
in building resilient communities. Intact defines resilient
communities as being climate proof and economically thriving.
"In 2022, our people, customers, and communities have faced
increasing headwinds both from the economy and from the impacts of
climate change," said Diane
Flanagan, Deputy Senior Vice President of Corporate Affairs
and Communications at Intact, and Chair of the Intact Foundation.
"Helping is at the heart of our purpose, and we put our expertise
and resources to work every day to get customers back on track,
prepare communities to face the impacts of climate change, and
create opportunities for families living in poverty."
The 2022 Social Impact and ESG Report highlights Intact's
objectives, illustrates how its financial and non-financial goals
tie together, and demonstrates how the company is performing
against other key societal metrics. Intact constantly
challenges itself to find the intersections between helping society
and winning in the marketplace.
Here are some highlights of the Report:
Building Climate Resilient Communities
Intact has been on the frontlines of climate change with
customers for over a decade. In 2022 alone, Intact handled over 1
million claims and paid out $11
billion to get customers back on track. In Canada, the
companyhelped customers with 4,500 claims related to Hurricane
Fiona and in the U.K., managed 16,000 claims from the most severe
windstorm in 30 years.
Intact has invested $25 million
into 100 climate resilience projects over a 13-year period,
including at the Intact Centre on Climate Adaptation at the
University of Waterloo, as well as more
recent partnerships established with the Nature Conservancy of
Canada, and Gloucestershire
Wildlife Trust in the U.K.
Building Economically Resilient Communities
Intact's efforts to build economic resilience has been focused
on creating opportunities for families living in poverty. For its
annual Generosity in Action campaign, Intact partnered with the
United Way Canada and matched employee contributions allocated to
programs focused on supporting vulnerable communities. Since 2018,
Intact has partnered with the Breakfast Club of Canada with a $3
million-commitment to help expand and sustain children's
breakfast programs across the country.
Supporting Community Well-being by Enhancing Employee
Generosity
Intact's 29,000 employees have also stepped up to demonstrate
the company's value of Generosity. Last year, employees
donated more than $3 million globally
and volunteered 14,778 hours of their time to more than 400
organizations. To enhance employee generosity, Intact donated
$12.5 million to more than 2,000
organizations globally.
Introducing the Resilience Barometer
With a goal of having "3 out of 4 stakeholders recognize Intact
as leaders in building resilient communities", Intact worked with
the global market research firm, Ipsos, to create a Resilience
Barometer to measure its performance. Six stakeholder groups were
surveyed – customers, employees, brokers, investors, governments,
and NGOs and industry associations. The initial results were
encouraging:
- More than half of the company's stakeholders recognize Intact
as a leader in building resilient communities, and
- 90% of stakeholders believe that Intact has a responsibility to
help communities become more resilient.
About Intact Financial Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider of
property and casualty (P&C) insurance in Canada, a leading provider of global specialty
insurance, and, with RSA, a leader in the U.K. and Ireland. Our business has grown organically
and through acquisitions to over $21
billion of total annual premiums.
In Canada, Intact distributes
insurance under the Intact Insurance brand through a wide network
of brokers, including its wholly-owned subsidiary BrokerLink, and
directly to consumers through belairdirect. Intact also provides
affinity insurance solutions through the Johnson Affinity
Groups.
In the US, Intact Insurance Specialty Solutions provides a range
of specialty insurance products and services through independent
agencies, regional and national brokers, and wholesalers and
managing general agencies.
In the U.K., Ireland, and
Europe, Intact provides personal,
commercial and specialty insurance solutions through the RSA
brands.
SOURCE Intact Financial Corporation