Le Lézard
Classified in: Environment, Business
Subjects: CSR, ENI

Intact announces $2.3 million commitment to help Canadians adapt to climate change


CEO Charles Brindamour underscores value of natural assets in building climate resiliency

MONTREAL, April 25, 2019 /CNW/ - During the Nature Champions Summit today, Intact Financial Corporation ("Intact") (TSX: IFC) announced a commitment of $2.3 million to 16 Canadian charitable partners ? from coast to coast ? focused on protecting Canadians from the impacts of climate change.

Intact Financial Corporation (CNW Group/Intact Financial Corporation)

"Climate change is having an enormous human and economic impact," said Charles Brindamour, CEO of Intact. "Canadians ? especially government and business leaders ? can lead the way in addressing and managing the associated risks. By making our country one of the most climate resilient in the world, we can protect our nature, our economy and our people."

The 16 selected charitable partners explore concrete solutions for managing climate change, including how the maintenance and restoration of natural assets can protect against flooding. For example, ALUS Canada: A Weston Family Initiative, recipient of $248,000, aims to establish natural infrastructure projects on environmentally-sensitive, marginal agricultural lands to increase water retention, decrease overland flood, lower erosion risks and filter water.

"As this week's Summit has made clear, nature and natural resources are, and have always been, among Canada's greatest assets," said Brindamour. "It is becoming increasingly apparent that these resources can be harnessed as critical infrastructure and leveraged to manage the risks associated with climate change. We have a responsibility to advance this work to ensure the long-term resilience of our country."

Quick Facts

As part of its commitment to building more resilient communities, Intact has been at the forefront of climate change adaptation in Canada for the past ten years. In 2015, the company established ? by funding $4.25 million ? the Intact Centre on Climate Adaptation at the University of Waterloo, an applied research centre dedicated to helping Canadians cope with the effects of extreme weather and climate change. The Intact Centre focuses on developing practical solutions for Canadian homeowners, including through a dedicated home flood protection program and the development of new flood and building code standards in collaboration with Canadian governments. 

The Intact Foundation will be investing another $1 million in climate adaptation projects in 2019. Applications from charitable organizations will be accepted starting in September.

Current Charitable Partners:

About Intact Financial Corporation

Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada and a leading provider of specialty insurance in North America, with over $10 billion in total annual premiums. The Company has approximately 14,000 full- and part-time employees who serve more than five million personal, business and public-sector clients through offices in Canada and the U.S. 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. In the U.S., OneBeacon Insurance Group, a wholly-owned subsidiary, provides specialty insurance products through independent agencies, brokers, wholesalers and managing general agencies.

SOURCE Intact Financial Corporation


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