- Transition risks: impact of new technologies, mispricing, inadequate product offerings; physical risks: frequency and impact of extreme weather events; credit risk from decline in borrower profitability or collateral value; market risk from volatility or decrease in value of investments in carbon-intensive sectors; liquidity risk from investor opinions affecting access to capital; strategic risk from poor policy decisions; operational risk from litigation, legal disputes, and challenges in risk modeling; legal and regulatory risk from increased disclosure requirements, compliance costs, and stricter capital requirements; reputational risk from exposure to carbon-intensive sectors and increased investor expectations.
iA Financial Corporation Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, iA Financial Corporation Inc. disclosed greenhouse gas emissions of 407.8K tCO2e/year. By scope: Scope 1: 6.7K tCO2e/year; Scope 2: 3.2K tCO2e/year; Scope 3: 397.2K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
407.8K tCO2e/year
2023
Waste
139 tons/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 6.7K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.2K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 397.2K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 407.8K tCO2e/year |
| 2022 | 11.8K tCO2e/year (Scope 1 & 2 combined) |
| 2019 | 12.7K tCO2e (2018); 2019 data to be released in 2020 report |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Updated decarbonization strategy with new GHG emission reduction targets: 60% reduction in GHG emission intensity of Canadian real estate holdings by 2035 (2022 baseline); 40% reduction in carbon intensity of public corporate bond portfolio by 2035 (2022 baseline).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Analyzing and mapping investment exposure by industry (2024); revising climate risks section in Risk Appetite and Tolerance Statement (2024); implementing climate change awareness and training activities (2024); finalizing action plans for decarbonizing asset and financial portfolios (2024); rolling out climate risk management roadmap (2024); developing a training and development program on sustainability (2024).
📅 Medium-term
- Reduce GHG emission intensity of Canadian real estate holdings by 60% by 2035 (2022 baseline); reduce carbon intensity of public corporate bond portfolio by 40% by 2035 (2022 baseline).
🌱 ESG Focus Areas
Climate Change