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

Intact Financial Corporation announces $1 million to help protect Canadians from climate change


Canadian charities can now apply for the 2019 Intact Adaptation Action Grants.

TORONTO, Oct. 22, 2019 /CNW/ - Natural disasters caused by climate change are real and immediate. These disasters cost people, businesses and governments billions of dollars every year, and they take a toll on Canadians' mental and physical health.

Through the Intact Adaptation Action Grants, Intact Financial Corporation is investing $1 million in charities that are developing practical and effective solutions that help protect people from natural disasters like floods, wildfires, extreme heat, wind and hail.

"Our purpose is to help people, businesses and society prosper in good times and be resilient in bad times. We do that by mobilizing our more than 4,000 claims employees to help customers get back on track quickly after a catastrophic weather event. These events are impacting our communities and that's why we're taking a proactive approach to protect people from natural disasters by building a more climate-resilient country," said Charles Brindamour, Chief Executive Officer, Intact Financial Corporation.

The Intact Adaptation Action Grants will prioritize projects that use natural infrastructure as part of their solutions, take a community engagement approach, and help Canadians understand the climate risks they are facing.

Transformational change takes time and requires investing in both new and existing ideas. With this in mind, Intact is funding three types of grants:

Over the past two years, Intact Financial Corporation has invested $2.3 million in 16 projects to help create a more climate-resilient Canada. Successful projects are helping to reduce flooding by protecting and restoring natural infrastructure. They are also helping to reduce urban heat islands by greening our cities and using artificial intelligence to predict wildfires. See the attached backgrounder for a full list of charitable partners and their projects.

For more details about the Adaptation Action Grants window, including the link to apply, please visit the Intact Financial Corporation website.

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.

Backgrounder
2017 and 2018 Charitable Partners

NATIONAL

ALUS Canada 
Project name: Implementing natural infrastructure projects in communities upstream of urban centres
Description: ALUS Canada implements natural-infrastructure projects on marginal or inefficient-to-farm agricultural lands, to reduce the risk of floods in Calgary, Ottawa and Brandon, MB 
Outcomes to date:

Nature Conservancy of Canada 
Project name: Protecting and restoring wetlands
Description: Protecting and restoring wetlands in Ontario to help reduce the impact of severe storms
Outcomes to date:

Green Learning Canada Foundation 
Project name: Wild weather ? engaging youth in education and action on extreme weather preparedness
Description: Flood education directly engages youth in preparing their schools and homes for a flood event
Results to date:

FireSmart 
Project name: FireSmart Home Partners
Description: Addressing the need for a standardized system that offers defendable, detailed and customized wildfire risk assessments and tracks measurable risk reduction for homes
Results to date:

BRITISH COLUMBIA

University of British Columbia 
Project name: Megafires ? urgent need for climate change adaptation to build community resilience, prevention and recovery
Description: Developing post-fire recovery strategies to prevent future forest fires and increase climate resilience in 21 communities in Canada
Results to date:

ALBERTA

The Miistakis Institute of the Rockies Inc. 
Project name: Smart from the start
Description: Creating a least-conflict lands planning tool to guide placement of large scale solar and wind projects.
Results to date:

University of Alberta 
Project name: Using artificial intelligence (AI) to predict extreme fire weather
Description: Developing a computer program that recognizes large scale atmospheric patterns associated with extreme fire weather using AI
Results to date:

Green Calgary 
Project name: Flood prevention through rainwater harvesting
Description: Helping Calgarians to act to protect their homes through rainwater harvesting
Results to date
:

ONTARIO

Ducks Unlimited 
Project name: Brick Ponds Wetland Restoration and Enhancement
Description: Increasing the amount of shallow water wetland cells to provide wildlife habitat, increase aquatic plant diversity and to aid in flood water management and water quality improvement. 
Results to date:

QUEBEC

WWF-Canada 
Project name: Bleu Montreal
Description: Restoring water to the urban landscape, improving water management and strengthening Montreal's resilience by uncovering underground rivers and creating new ones.
Results to date

Conseil régional de l'environnement et du développement durable de l'Outaouais 
Project name: Reducing heat islands of downtown Gatineau
Description: Reduce the impact of urban heat islands by implementing a strategy that includes greening and community involvement
Projected outcomes:

Nature-Action Québec 
Project name: Restoring shorelines to reduce flood risk in Saint-Jean-sur-Richelieu
Description: Shoreline restoration of the Hazen Bleury and the Barbotte rivers targeted for their vulnerability to flood and their low vegetation
Results to date:

Nature Québec 
Project name: Healthy Living Space
Description: Help municipalities reduce the number of heat islands and air pollution through heat island mapping, public awareness and green areas preservation and restoration
Results to date:

Sentier Urbain 
Project name: The Garden Circuit
Description: Restore green areas by creating urban gardens, improving water management, increasing the levels of oxygen and reducing CO2 emissions in the sector
Results to date:

NOVA SCOTIA

Coastal Action 
Project name: Green Streets stormwater project
Description: Working directly with municipal and community partners in southwest Nova Scotia to locate, design and install low impact development (LID) projects with the aim of improving stormwater management
Results to date:

NEW BRUNSWICK

Community Forests International 
Project name: Forest Infrastructure Adaptation Project
Description: A natural infrastructure adaptation approach to flood-risk reduction in New Brunswick 
Results to date:

SOURCE Intact Financial Corporation


These press releases may also interest you

at 09:03
Today Vertafore announced the expansion of its open agency management system architecture with the addition of five new members to the Vertafore Orange Partner Program and the release of AMS360 Connecttm.  ...

at 09:00
The cryptocurrency market continues to remain volatile in 2020, attracting an increasing number of people. With more retail investment funds pouring into the industry, the need for state-of-the-art crypto exchange services became a crucial need....

at 09:00
iiRcade, Inc., the ultimate connected arcade machine that allows gamers of all ages to own and play their favorite retro and modern arcade games at home, is pleased to announce that classic games by Psikyo are coming exclusively to the home arcade...

at 09:00
Service Objects, the leading provider of real-time global contact validation solutions, is currently offering government agencies and public health authorities at all levels access to its services to assist in their contact tracing initiatives. These...

at 09:00
The ongoing coronavirus pandemic will have long-term consequences for the federal budget, including the Social Security program's finances. While the annual Social Security Trustees Report released April 22, 2020 did not account for the effects of...

at 09:00
Forcura, a healthcare technology company that enables safer patient care transitions along the care continuum, announces that it plans to create 115 jobs in Jacksonville by the end of 2022. The company will receive taxpayer-backed incentives from the...



News published on 22 october 2019 at 07:00 and distributed by: