At IGM Financial, we are in the business of helping Canadians achieve their financial goals today and tomorrow. Sustainability is integral to who we are and how we do business, and as allocators of capital we can play an outsized role in advocating for the changes we need to see in the world.
Climate change is a defining challenge of our time with transformative, and far-reaching impacts on the global economy and society. A unified and decisive global response to climate change is essential to manage risk to our communities, businesses and ecosystems and build a resilient financial future. It’s also imperative that this transition be led in a way that creates an equitable and prosperous future for all Canadians that does not leave workers or communities behind.
We support the goals of the Paris Agreement and further support the need for a stronger global response to climate change. The UN Intergovernmental Panel on Climate Change urges action to limit global warming to 1.5 degrees, pushing to net zero carbon emission by 2050. Achieving these goals will require new ways in which the world innovates, invests, spends, and manages risk.
Our business operates primarily through our wealth and asset management companies:
With this climate statement as a north star, our operating companies are empowered to pursue climate risks and opportunities in the way that best represents their distinct identities and business models and where they bring unique value or impact to global climate objectives.
At the heart of it all, it's about engaging to shape the global transition, investing sustainably to achieve competitive long-term returns for our clients and aligning our own operations – all in pursuit of a sustainable, healthy, and prosperous future for all Canadians.
We are continually strengthening governance of sustainability matters in line with international principles and standards. Material climate factors are part of our commitment to responsible management and IGM’s executive level Risk Management and Corporate Sustainability Committees provide oversight on climate issues. The Board provides oversight on sustainability risk and strategy, with key risk insights discussed with the Board Risk Committee.
We have convened an enterprise-wide Task Force for Climate-related Financial Disclosure (TCFD) Working Group of senior leaders who are responsible for taking an active role in driving the integration of climate change risks and opportunities across business strategies and promoting enhanced climate-related disclosures.
Mackenzie has established a Sustainable Investing Centre of Excellence responsible for ESG research and advocacy, sustainable investing solutions and investment stewardship. Our companies also each have sustainable investing committees and working groups comprised of executive leaders who oversee sustainable investing priorities, including climate change.
We believe our climate commitments align with the diversity of client interests and investment objectives we are trusted with, the financial markets and economies where we operate, and ultimately with international climate goals.
We will invest toward a greener, climate resilient economy
Our investment processes and products give us the opportunity to manage climate risks and create innovative solutions to our ongoing climate issues. We are continually enhancing our climate knowledge, capabilities, and product innovation to allow us to meet our clients’ needs and expectations.
We will collaborate and engage to help shape the global transition
As wealth and asset managers, we play a vital role in shaping the global transition to a sustainable, climate-resilient economy by bringing climate-smart investment advice and solutions to clients, helping companies adapt to a net zero, climate resilient economy, and participating in industry and policy advancements.
We will demonstrate alignment through our corporate actions
Our climate journey will be one of continuous learning and growth. As information amasses and experience deepens, we will continue to build our knowledge and enhance our strategies to ensure that our clients, advisors and investment teams have the tools they need to invest in a healthy, prosperous and resilient tomorrow.