Intact Financial commits $2.3 million to environment projects
Published: April 29, 2019
Updated: June 3, 2019
Author: Luke Jones
Intact Financial, parent of Canada’s largest P&C, says it will contribute $2.3 million to help 16 charitable partners across the country. In a press release, the company says the money is specifically to help with the impact of climate change.
The pledge was made at the recent Nature Champions Summit, which was held from April 24-25. At the event, business executives, environment ministers, NGOs, and business leaders from around the world discussed the environmental issues of the day and ongoing conservation goals.
Intact Financial says the 16 charitable partners all “explore concrete solutions for managing climate change, including how the maintenance and restoration of natural assets can protect against flooding.”
The chosen partners are:
- ALUS Canada – implementing natural infrastructure projects in marginal or inefficient-to-farm agricultural lands.
- Bluenose Coastal Action – working directly with municipal partners in southwest Nova Scotia to locate, design and install low impact development projects (LIDS) with the aim of improving storm water management.
- Community Forests International – reversing the clearcutting trend and embracing new financial tools that incentivize natural infrastructure improvement for flood risk reduction.
- Conseil régional de l’environnement et du développement durable de l’Outaouais – reducing the impact of urban heat islands by implementing urban greening initiatives.
- Ducks Unlimited Canada – restoring urban wetlands as a form of natural infrastructure that will increase community resiliency through flood mitigation while also enhancing water quality, wildlife habitat and outdoor recreation opportunities.
- FireSmart – addressing the need for a standardized system that offers defendable, detailed customized wildfire risk assessments and tracked measurable risk reduction for homes.
- Green Calgary – promoting flood prevention through rainwater harvesting.
- Green Learning Canada Foundation – engaging youth through flood education, with the goal of helping them prepare their homes and schools for a flood event.
- Nature-Action Québec – shoreline restauration of the Hazen Bleury and Barbotte rivers targeted for their vulnerability to flood
- Nature Québec – helping municipalities reduce the number of heat islands and air pollution through heat island mapping, public awareness and urban greening
- Nature Conservancy of Canada – protecting and restoring wetlands in Ontario and Quebec to help reduce the impact of severe storms.
- The Miistakis Institute of the Rockies Inc. – creating a least conflict lands planning tool to guide placement of large scale solar and wind projects.
- Sentier Urbain – creating urban gardens to improve water management and reduce CO2 emissions in the Garden Circuit in Southern Montreal.
- University of Alberta – developing a computer program that recognizes large-scale atmospheric patterns that lead to extreme fire weather using AI.
- University of British Columbia – developing post-fire recovery strategies to prevent future forest fires and increase climate resilience in 21 Canadian communities.
- WWF-Canada – restoring water to the urban landscape to improve water management and strengthen Montreal’s resilience by uncovering underground rivers and recreating new urban rivers.
“Climate change is having an enormous human and economic impact,” said Intact Financial CEO Charles Brindamour in a statement. “Canadians – especially government and business leaders – can lead the way in addressing and managing the associated risks. By making our country one of the most climate resilient in the world, we can protect our nature, our economy and our people.”