iA Financial Group has published its 2024 Sustainability Report and Climate Change Performance Report, outlining its progress in environmental, social, and governance (ESG) initiatives under the theme "Growth Oriented, Excellence Driven."
Caroline Drouin, vice president of Investor Relations, Sustainability and Public Affairs, said the report reflects the company’s efforts to assess climate risks, decarbonize investments, strengthen governance, and foster a culture of learning, equity, diversity, and inclusion.
In 2024, the company advanced its climate strategy by developing a framework to assess risks and opportunities. It continued to reduce carbon emissions in its real estate and investment portfolios.
By 2035, iA Financial aims to cut the GHG emission intensity of its Canadian real estate holdings by 60% and the carbon intensity of its public corporate bond portfolio by 40%, based on a 2022 baseline.
As of December 31, 2024, the company reported a 9.23% reduction in the carbon intensity of its owned Canadian properties and a 24% reduction in its public corporate bond portfolio.
The company also expanded diversity and inclusion efforts. In 2024, 78% of employees in Canada completed a self-identification process, helping to shape future inclusion strategies. Women accounted for 53% of new senior leadership appointments and 37% of senior management.
iA Financial completed the second phase of the Canadian Council for Aboriginal Business’s Partnership Accreditation in Indigenous Relations certification process and retained Silver Parity Certification from Women in Governance.
Through its philanthropic initiatives, iA Financial contributed $10.4 million to charitable organizations in Canada and the US, supporting causes such as education, health, and financial literacy.
The company also focused on employee experience, securing the 57th spot on Forbes' list of Canada's Best Employers for 2025. Governance improvements included the formation of a Sustainability Executive Committee and an Executive Risk Management Committee to oversee climate-related risks.
iA Financial Group stated that sustainability remains central to its strategy, with ongoing efforts to integrate ESG principles into its operations and long-term objectives.
