Power Corp of Canada

In terms of senior leadership accountability, the responsibility for sustainability issues within the financial institution lies with the board-level Nominating and Governance Committee.

Power Corp of Canada discloses the key sectors it has identified as priorities to engage with on climate change. The financial institution discloses that alignment with the Paris Agreement is one of its engagement topics. As a member of Climate Action 100+, the financial institution discloses that its subsidiaries collectively engage with its clients on the topic of climate change.

Power Corp of Canada discloses the proportion of women in its total direct operations workforce for each employee category. The financial institution has a grievance mechanism accessible to all workers and all external individuals and communities to raise human rights complaints or concerns. Furthermore, the financial institution has a publicly available policy statement which shows it is committed to respecting the health and safety of workers. Power Corp of Canada has a policy prohibiting bribery and corruption as well as a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption.

In terms of its approach to senior leadership accountability, there is no evidence that Power Corp of Canada links the remuneration of its executive or management teams to sustainability performance criteria. No evidence was found that the financial institution is committed to gender equality and women’s empowerment. Power Corp of Canada has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients and investees.

There is no evidence that Power Corp of Canada discloses a target to reach net-zero financed emissions by 2050. There is no evidence that the financial institution discloses that it requires companies to which it provides financial services to have a strategy aligned with the Paris Agreement. There is no evidence that Power Corp of Canada discloses its financing activities devoted to climate solutions. Regarding nature and biodiversity, no evidence was found that the financial institution is committed to minimising its negative impacts or financing regenerative solutions.

There is no evidence that the financial institution has a publicly available policy statement committing it to respect human rights laid out in the UNGPs and the ILO declaration on fundamental rights at work. Power Corp of Canada has an opportunity to describe a comprehensive process for identifying its human rights risks and impacts across all its activities, especially its financing activities. There is no evidence that the financial institution discloses the proportion of its total direct operations workforce for each employee category by age group. To provide transparency on financial inclusivity, Power Corp of Canada has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises or low-income developing countries.