The Co-operators Group Limited
The Co-operators Group Limited ("The Co-operators") is a Canadian-owned co-operative financial services organization with more than $36 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is listed among the 50 Best Employers in Canada by Aon Hewitt; Corporate Knights’ Best 50 Corporate Citizens in Canada; and the Top 50 Socially Responsible Corporations in Canada by Sustainalytics and Maclean’s magazine.
Related to extreme weather and the changing climate, The Co-operators has a long history of lending expertise to civic planners and working collaboratively with insurers, reinsurers, diverse business sectors and non-governmental organizations to protect Canadians. Efforts include a focus on resiliency for Canadians and their communities including discouraging building on flood plains, encouraging stronger building standards, highlighting the need for infrastructure upgrades, incenting clients to protect their property, and reducing future greenhouse gas emissions.
"As a co-operative insurer, our business exists to provide financial security for Canadians and Canadian communities. Flood damage is one of the most significant risks to this security today. Yet the challenge of building flood resiliency is so much larger than any one industry, sector, or level of government. P4A is creating an environment where we can clearly understand the risks of flooding and take action to minimize them."
Rob Wesseling, President and Chief Executive Officer, The Co-operators Group
Farm Mutual Re
Farm Mutual Re is Canada’s first completely Canadian-owned reinsurance company. Located in Cambridge, Ontario, Farm Mutual Re was formed in 1959 by Mutual Insurance Companies from across Ontario, who provide their members with farm, personal and commercial insurance products.
Farm Mutual Re is known for its community involvement and its commitment to sustainability. Farm Mutual Re supports local food banks and is a bronze pledging member of Sustainable Waterloo Region. The building that houses Farm Mutual Re was constructed to meet LEED (Leadership in Energy Environmental Design) certification and in 2011 earned the Gold designation. Farm Mutual Re continues to be a leader in environmental stewardship by implementing in-office initiatives to reduce their carbon footprint.
"Farm Mutual Re is proud to be a part of P4A and to partner with the University of Waterloo and The Co-operators. As a mutual, we consider ourselves stewards of the land, and we saw P4A as an important opportunity to reinvest in the environment. As Canada experiences more and more severe weather, P4A is building resiliency through an objective, research-based approach and collaboration with stakeholders."
Steve Smith, President and CEO, Farm Mutual Re
The ongoing commitment from The Co-operators and Farm Mutual Re to advancing climate adaptation research is commendable and will contribute significantly to preparing Canadian communities for potential risks associated with extreme weather and climate change.