Latest news with #2024PublicAccountabilityStatement
Cision Canada
12-05-2025
- Business
- Cision Canada
DEFINITY FINANCIAL CORPORATION RELEASES ITS ANNUAL SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
WATERLOO, ON, May 12, 2025 /CNW/ - Today, Definity Financial Corporation (TSX: DFY) released its 2024 Sustainability Report and its 2024 Public Accountability Statement. The reports are available on the Sustainability and Corporate Citizenship section of the Company's website. As a purpose-driven sustainability leader, Definity has taken a thoughtful and proactive approach to environmental, social, and governance (ESG) topics, delivering long-term value for our employees, brokers, customers, shareholders, and communities. These efforts were recently recognized with an MSCI ESG Rating upgrade to "AAA", placing Definity among the top-ranked global P&C insurers for ESG risk management and sustainability leadership. Through its ongoing efforts to integrate sustainability into its business, Definity is working to create positive change for the environment, strengthen the resilience of communities, and contribute to more equitable outcomes in society. The 2024 Sustainability Report and Public Accountability Statement offer insights into how the company has not only embraced, but has deeply integrated sustainability, innovation, collaboration, and an ownership mindset into its business and culture. The reports detail the embedded sustainability initiatives across the company and how Definity is delivering on its climate change, people, and community commitments. Rowan Saunders, President and CEO of Definity says: "We are on a journey to be one of Canada's top five P&C insurers. To achieve this, we know it is crucial to build the long-term resilience of our business and the communities in which we live and work. We are forging a path forward as a leading Canadian insurer with a clear vision for our future and delivering on our commitments. I am pleased to share our 2024 Sustainability Report which demonstrates the progress Definity is making as we invest in building a better world." Key Highlights from the 2024 Sustainability Report Though 2024 was a challenging year for the Canadian property and casualty insurance industry as overall catastrophe losses reached an all-time high, Definity's proactive focus on enhancing climate modelling capabilities to manage exposure, inform risk selection, and support accumulation management, contributed to losses from these events being lower than Definity's natural market share. Definity's greenhouse gas emissions associated with operations (Scope 1 and 2, market-based) were 35% lower than 2019 levels, surpassing our 2025 interim target of a 30% reduction. Aligning to its commitment to donate at least 1% of net profit before taxes, 2024 marked the largest charitable giving year in Definity's over 150-year history, having donated more than $4 million to Canadian charities. These contributions help to address systemic barriers that prevent underrepresented and underserved communities from participating fully in the economy, and help Canadian communities, households, and businesses understand, prepare for, and respond to climate-related risks and impacts. Definity partnered with Dalhousie University's Mass Timber Project to support the development of a prefabricated modular housing prototype using mass timber—an environmentally friendly alternative to steel and concrete. Definity established an Indigenous Advisory Council and a Reconciliation Action Working Group to guide and advance the company's response to the Truth and Reconciliation Commission's Call to Action #92. Definity capped off the year by becoming the first P&C insurer in Canada to become a United Nations Women's Empowerment Signatory, signaling its strong commitment to advancing gender equality in the workplace, also having increased the percentage of roles held by women at Vice President and Executive Leadership Team levels by 7 percentage points since 2022. 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 $4.5 billion in gross written premiums for the 12 months ended March 31, 2025 and approximately $3.4 billion in equity attributable to common shareholders as at March 31, 2025. SOURCE Definity Financial Corporation
Yahoo
12-05-2025
- Business
- Yahoo
DEFINITY FINANCIAL CORPORATION RELEASES ITS ANNUAL SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
WATERLOO, ON, May 9, 2025 /CNW/ - Today, Definity Financial Corporation (TSX: DFY) released its 2024 Sustainability Report and its 2024 Public Accountability Statement. The reports are available on the Sustainability and Corporate Citizenship section of the Company's website. As a purpose-driven sustainability leader, Definity has taken a thoughtful and proactive approach to environmental, social, and governance (ESG) topics, delivering long-term value for our employees, brokers, customers, shareholders, and communities. These efforts were recently recognized with an MSCI ESG Rating upgrade to "AAA", placing Definity among the top-ranked global P&C insurers for ESG risk management and sustainability leadership. Through its ongoing efforts to integrate sustainability into its business, Definity is working to create positive change for the environment, strengthen the resilience of communities, and contribute to more equitable outcomes in society. The 2024 Sustainability Report and Public Accountability Statement offer insights into how the company has not only embraced, but has deeply integrated sustainability, innovation, collaboration, and an ownership mindset into its business and culture. The reports detail the embedded sustainability initiatives across the company and how Definity is delivering on its climate change, people, and community commitments. Rowan Saunders, President and CEO of Definity says: "We are on a journey to be one of Canada's top five P&C insurers. To achieve this, we know it is crucial to build the long-term resilience of our business and the communities in which we live and work. We are forging a path forward as a leading Canadian insurer with a clear vision for our future and delivering on our commitments. I am pleased to share our 2024 Sustainability Report which demonstrates the progress Definity is making as we invest in building a better world." Key Highlights from the 2024 Sustainability Report Though 2024 was a challenging year for the Canadian property and casualty insurance industry as overall catastrophe losses reached an all-time high, Definity's proactive focus on enhancing climate modelling capabilities to manage exposure, inform risk selection, and support accumulation management, contributed to losses from these events being lower than Definity's natural market share. Definity's greenhouse gas emissions associated with operations (Scope 1 and 2, market-based) were 35% lower than 2019 levels, surpassing our 2025 interim target of a 30% reduction. Aligning to its commitment to donate at least 1% of net profit before taxes, 2024 marked the largest charitable giving year in Definity's over 150-year history, having donated more than $4 million to Canadian charities. These contributions help to address systemic barriers that prevent underrepresented and underserved communities from participating fully in the economy, and help Canadian communities, households, and businesses understand, prepare for, and respond to climate-related risks and impacts. Definity partnered with Dalhousie University's Mass Timber Project to support the development of a prefabricated modular housing prototype using mass timber—an environmentally friendly alternative to steel and concrete. Definity established an Indigenous Advisory Council and a Reconciliation Action Working Group to guide and advance the company's response to the Truth and Reconciliation Commission's Call to Action #92. Definity capped off the year by becoming the first P&C insurer in Canada to become a United Nations Women's Empowerment Signatory, signaling its strong commitment to advancing gender equality in the workplace, also having increased the percentage of roles held by women at Vice President and Executive Leadership Team levels by 7 percentage points since 2022. 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 $4.5 billion in gross written premiums for the 12 months ended March 31, 2025 and approximately $3.4 billion in equity attributable to common shareholders as at March 31, 2025. SOURCE Definity Financial Corporation View original content to download multimedia:
Cision Canada
07-05-2025
- Business
- Cision Canada
Manulife Releases 2024 Sustainability Report and Public Accountability Statement Français
Report shares firm's continued progress toward generating long-term value for its business, customers, communities, and shareholders C$ unless otherwise stated TSX/NYSE/PSE: MFC SEHK: 945 TORONTO, May 7, 2025 /CNW/ - Manulife today released its 2024 Sustainability Report and its 2024 Public Accountability Statement, detailing its approach, performance, and achievements relative to its sustainability strategy. Highlights from the firm's 2024 Sustainability Report that support Manulife's Impact Agenda to empower sustained health and wellbeing, drive inclusive economic opportunity, and accelerate a sustainable future include the following i: Announced a three-year partnership with Uplink, the World Economic Forum's open innovation platform, to help shape the future of, and investment in, longevity innovation, through annual Manulife-powered Global Longevity Innovation challenges. The ten winners of Manulife's first 'Prospering in Longevity' challenge in 2024 were announced in October, with each startup receiving $50,000 in prize money from Manulife. The 'Innovating for Asia's Demographic Future' challenge was launched in 2025, aimed at sourcing and scaling solutions that are enabling long-term financial resilience, well-being, and fulfillment across multi-stage lives in Asia. Winners will be announced in Fall 2025. Closed the Manulife Forest Climate Fund LP, totaling commitments of US$480 million, demonstrating leadership in creating innovative forestry investment solutions in its private market asset classes. Began a five-year collaboration with MIT AgeLab to develop longevity-related research and thought leadership. The research will provide data-driven insights to maximize longevity preparedness for consumers. Entered into a partnership with the Centre for Addiction and Mental Health (CAMH) to help fund mental health research for women in Canada and around the world through their womenmind™ program. In collaboration with CAMH and Cleveland Clinic Canada, Manulife's Group Benefits business released a report highlighting the critical health challenges affecting women in the workplace. Rolled out the Smart$ense Financial Literacy for Kids Campaign in the United States, inspired by its award-winning Peso Smart program started in the Philippines, designed to help children build their financial knowledge. This campaign won the Community Investment – Leadership Award at the 2024 Investment Management Education Alliance Star Awards. Launched a partnership with Mind HK in Hong Kong to influence the development of support services and raise public awareness of the importance of mental health in the region. Throughout the year, several public events were hosted where expert speakers joined Manulife and Mind HK to discuss a wide range of mental health topics to increase public awareness and understanding. Released our Responsible AI Principles to guide how solutions are designed, developed, and deployed, reinforcing trust and transparency in AI applications. Manulife's commitment to responsible AI ensures that innovations align with ethical, safety, and sustainability standards. "As a global life insurer, asset manager, and retirement plan provider, Manulife is uniquely placed to unlock opportunities that help people live better for longer," said Sarah Chapman, Manulife's Chief Sustainability Officer. "We're helping to drive positive outcomes in communities across our global footprint and for our more than 36 million customers by incentivizing and rewarding behavioural change, providing access to education, resources, and technology, and increasing opportunities to access nature and nutrition that underpin well-being. I'm proud of our progress and the impact Manulife made this year, and I look forward to what Manulife will accomplish in 2025 as we continue to deliver on our mission – Decisions made easier. Lives made better." Please visit to access the reports and learn more about the firm's Impact Agenda. About Manulife Manulife Financial Corporation is a leading international financial services provider, helping our customers make their decisions easier and lives better. With our global headquarters in Toronto, Canada, we operate as Manulife across Canada, Asia, and Europe, and primarily as John Hancock in the United States, providing financial advice and insurance for individuals, groups and businesses. Through Manulife Wealth & Asset Management, we offer global investment, financial advice, and retirement plan services to individuals, institutions, and retirement plan members worldwide. At the end of 2024, we had more than 37,000 employees, over 109,000 agents, and thousands of distribution partners, serving over 36 million customers. We trade as 'MFC' on the Toronto, New York, and the Philippine stock exchanges, and under '945' in Hong Kong. Not all offerings are available in all jurisdictions. For additional information, please visit Media Contact
