Corporate Social Responsibility (CSR), what we refer to as responsible management, is fundamental to the way we, and our group of companies, do business. This responsible management philosophy is essential to our business success, enabling us to mitigate risk, create long-term value and earn the confidence of our customers, business partners, shareholders, employees and the communities in which we operate.
We invest in high-quality businesses and bring the approach of an active and committed owner and a long-term investor. The companies in which we invest represent a positive force in society by helping their clients achieve financial security through life and health insurance, retirement savings programs and a suite of investment vehicles, including socially responsible investment funds. By building unique relationships with clients, our companies are making a difference for millions of individuals and families in all age and income groups. Our group companies are committed to serving our customers at every stage of their lives. The breadth of our service offerings speaks to that commitment.
We engage with our group companies to confirm they continue to be managed in a manner consistent with our responsible management philosophy. We are proud of the actions taken by our companies as part of their respective corporate social responsibility journeys. For example, many of them have become supporters and signatories of important third-party-led initiatives such as the Women’s Empowerment Principles, the Principles for Responsible Investment, the Task Force on Climate-related Financial Disclosures and the Climate Action 100+ initiative.
We are also proud that, over the past few years, our group’s efforts to strengthen our corporate social responsibility programs, initiatives and disclosure have been recognized by well-regarded external organizations.
As Power Financial became a wholly owned subsidiary of Power Corporation in February of 2020 following a reorganization, our CSR journey is now fully integrated with our parent company, including in terms of policies, programs and reporting.
Stakeholders interested in knowing more about how CSR is lived at Power Financial are invited to visit Power Corporation’s CSR-dedicated microsite, PowerCorporationCSR.com, which is a means of publicly documenting and disclosing Power’s responsible management commitments, programs and performance each year. You will find many examples of how responsible management allows our group to generate long-term value and sustainable growth.