Power Corporation du Canada est une société de gestion et de portefeuille canadienne, axée sur les services d’assurance et financiers, avec une capitalisation boursière actuelle de plus de 24 milliards de dollars. Power Corporation détient 2,7 billions de dollars en actifs consolidés et en actifs sous administration.
Notre dernière note aux investisseurs examine l’exposition de Power Corporation, avec ses 15,2 milliards de dollars américains d’investissements dans le pétrole, le gaz et le charbon, et les questions importantes que cela soulève en regard de son rôle et de sa performance dans la gestion des émissions financées.
Ce rapport est disponible en anglais et en français ci-dessous.
Power Corporation of Canada is a Canadian management and holding company, focused on insurance and financial services, with a current market capitalization of over $24 billion. Power Corporation holds $2.7 trillion in consolidated assets and assets under administration.
As the third largest Canadian investor in fossil fuels, according to the Investing in Climate Chaos global database, Power Corporation’s 2022 exposure in oil, gas, and coal investments stood at a staggering US$15.2 billion. This raises important questions about its role and performance in managing financed emissions.
The key findings of this investor brief include:
Power Corporation does a poor job of disclosing financed emissions, leaving its investors guessing as to the magnitude and nature of its transition risk.
- Power Corporation has set no net zero goal nor interim emissions targets of its own, despite promising interim emissions targets since 2016.
Power Corporation has sufficient influence over its subsidiaries – Great-West Lifeco, IGM Financial, and Groupe Bruxelles Lambert – to develop a strategy to reduce financed emissions and to work with its them to implement it
Currently, the company does not have a person on senior management responsible for climate.
“Investors need to see more action from the company, including fully disclosing its financed emissions and assigning a senior management role to develop a plan to tackle them.”
—Renaud Gignac, Investors for Paris Compliance Senior Advisor
