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Classified in: Business
Subjects: SVY, CSR, ESG

Definity Financial Corporation releases 2023 Environmental, Social, and Governance (ESG) report and Public Accountability Statement


WATERLOO, ON, May 13, 2024 /CNW/ - Today, Definity Financial Corporation (TSX: DFY) released its 2023 Environmental, Social, and Governance (ESG) Report, as well as the company's 2023 Public Accountability Statement. The reports are available on the Company's website at www.definityfinancial.com/esg.

Definity is guided by its purpose of building a better world by helping clients and communities adapt and thrive. The company is focused on driving positive change by embracing environmental sustainability, fostering a culture of collaboration, incorporating robust governance, and investing in the well-being of the communities Definity serves. The two reports released today demonstrate the commitment and progress Definity has made to drive sustainability and business value by effectively managing ESG risks and opportunities. 

Rowan Saunders, President and CEO of Definity says:

"At Definity, we recognize the crucial role we play in building a better world by helping our clients and communities adapt and thrive. This purpose is an ongoing reminder of our responsibility to be a positive force for all our stakeholders. I am pleased to share our 2023 ESG Report with you, with deeper insight into the progress we are making as we continue to invest in creating a sustainable future."

Key Highlights from the 2023 ESG Report:

About Definity Financial Corporation

Definity Financial Corporation ("Definity", which includes its subsidiaries where the context so requires) is one of the leading property and casualty insurers in Canada, with over $4.1 billion in gross written premiums for the 12 months ended March 31, 2024 and over $2.9 billion in equity attributable to common shareholders as at March 31, 2024.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws in Canada, which reflects Definity's current expectations regarding future events, including statements concerning the charitable organizations to be funded as a result of support from Definity and the ability to assess bias and fairness in predictive models developed by Definity. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Definity's control. These assumptions, risks and uncertainties are detailed in the "Cautionary Statements About Forward-Looking Information" section in the 2023 ESG Report. Actual results could differ materially from those projected herein. Definity does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws.

SOURCE Definity Financial Corporation


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