Intact Financial to Reach Net-Zero by 2050 as Part of Climate Transition Plan

By Adriano Marchese

Intact Financial Corp. has outlined a five-part climate transition plan which includes a commitment to reach net-zero by 2050.

The Canadian insurer said on Thursday the plan will include its operations across Canada, U.S. and Europe, including RSA Group which it acquired last year.

Among the aims of the plan, the company has set an interim goal to halve emissions from its operations by 2030 along the path to net-zero by 2050.

The company will also incentivize green behavior among its clients by creating and scaling green products, as well as collaborating with new governments and industries to accelerate climate action, it said.

In particular, emission-reduction initiatives will include electrifying its fleet of vehicles, increasing renewable energy use in company offices and reducing corporate travel.

"We are committed to taking an inclusionary approach to supporting our partners and customers, and we will leverage our strengths to help de-risk the transition towards a sustainable future," Chief Executive Charles Brindamour said.

Write to Adriano Marchese at [e-mail]

(END) Dow Jones Newswires

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