Gore Mutual Insurance Company has announced Co-operators as the new national partner in its Climate and Equity Lab, a collaboration focused on addressing the impacts of climate change on Canada’s most vulnerable communities.
Co-operators joins the initiative, founded by Gore Mutual in 2023 with support from Social Innovation Canada and York University’s Faculty of Environmental and Urban Change, to help strengthen the lab’s efforts in identifying solutions to reduce climate risks.
The lab’s first-phase findings, released in July 2024, outlined strategies for protecting low-income and marginalized communities from the effects of climate change, such as flooding and extreme weather. The lab hopes to encourage further investment and policy development that support community resilience.
Andy Taylor, CEO of Gore Mutual, expressed optimism about the partnership: “With Co-operators joining, the lab will establish a National Advisory Council, bringing together Canada's leading climate and equity advocates, thought leaders, and change-makers. Together, we're setting a new standard in our industry, based on shared values.”
The lab’s National Advisory Council, established as part of the partnership, will include climate experts, community leaders, and other key stakeholders to help guide its work. According to a news release, this partnership marks a shift in the insurance industry, emphasizing collaboration and transparency to address the growing risks posed by climate change.
Rob Wesseling, president and CEO of Co-operators, highlighted the importance of a cooperative approach: “Solving complex problems requires collaborative, innovative solutions, and interconnectivity across industries.
“The Climate and Equity Lab represents what is possible when like-minded organizations take a cooperative approach to developing impactful solutions. We're proud to join Gore Mutual in the lab to help strengthen the financial security of Canadians and our communities.”
Gore Mutual and Co-operators encourage other organizations, including mutuals, cooperatives, and credit unions, to join them in this critical work. Organizations interested in collaborating with the Climate and Equity Lab can contact Gore Mutual.
Do you have something to say about this story? Let us know in the comments below.
