P4A receives founding support from The Co-operators Group Ltd. and 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.
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 our climate continues to change, flooding is one of the most significant financial risks facing Canadians today. Mitigating this risk is highly complex, requiring co-operation between many sectors, all levels of government, civil society and home-owners. This is why P4A exists and why The Co-operators is proud to be a founding partner and an ardent supporter. P4A has demonstrated tangible progress towards building flood resiliency in Canada by helping people understand the risks of flooding and how to take action to protect themselves and their communities."
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 continues to be a proud sponsor and partner of P4A along with the University of Waterloo and the Co-operators. As part of the mutual community with a long history of prudential stewardship and strong community connections, P4A helps us demonstrate our values and provide an important opportunity to reinvest in those communities and the environment. As Canada continues to experience more and more severe weather, P4A is building resiliency through an objective, research-based approach and collaboration with a multitude of key stakeholders across the country."
Steve Smith, President and CEO, Farm Mutual Re