Intact Financial has announced that it will commit $2.3 million to 16 charitable partners across Canada – with the goal of protecting Canadians from the impacts of climate change.
The financial giant made the announcement during the recent Nature Champions Summit, which ran from April 24-25, 2019. The event brought together philanthropists, business leaders, NGOs, and environment ministers from around the world to discuss and drive global conservation efforts.
Intact explained in a release that the 16 charitable partners selected for the grant “explore concrete solutions for managing climate change, including how the maintenance and restoration of natural assets can protect against flooding.”
One of the selected organizations, ALUS Canada, is looking to establish natural infrastructure projects on environmentally-sensitive, marginal agricultural lands to improve water retention, reduce overland flooding, lower erosion risks, and even filter water. Intact is set to grant ALUS Canada $248,000 to this end.
Other partners selected to receive the grant include:
Read more: Intact Financial reveals severe weather impact for Q1 2019
“Climate change is having an enormous human and economic impact,” said Intact Financial CEO Charles Brindamour in a statement. “Canadians – especially government and business leaders – can lead the way in addressing and managing the associated risks.”
Brindamour added that by making Canada one of the most climate-resilient countries in the world, “we can protect our nature, our economy and our people.”