Our responsible management philosophy

By generating both business and social value, we help address the many challenges facing society, thereby contributing to a more sustainable world

Active
stewardship
Investing
Financial
advice
Well-being
Economic
prosperity
Climate
action
Social
impact
Engaged
talent

Social value

Economic prosperity
Contributing to society as businesses, employers and shareholders in promising economic sectors
In 2023, Power, alongside Great-West Lifeco and IGM:
Made $4.2 billion in payments to suppliers and various levels of government
Paid out $5.8 billion in employee salaries and other benefits
Paid $2.4 billion of dividends to shareholders
Climate action
Playing our part for a future that reconciles prosperity and action to address climate change
Several Power group companies are signatories or members of climate-related initiatives:
Great-West Lifeco adopted interim goals in December 2023 pursuant to its net-zero ambition.
Mackenzie is on track to meet its 2030 interim targets.
Our alternative asset management businesses launched new investment strategies aimed at climate impact.
Social impact
Helping develop thriving and empowered communities
In 2023, as a group, Power, Great-West Lifeco and IGM made a total of $48.9 million of charitable contributions to approximately 1,800 community organizations in Canada alone.
Among the initiatives we funded are projects for the advancement of women and gender equality, diversity and inclusion, reconciliation with Indigenous peoples, and support for the underserved.
Engaged talent
Creating flexible, balanced workplaces that value diversity, equity, and inclusion
Together, Power group companies employed approximately 40,300 diverse and talented people worldwide at 2023 year-end.
In 2023, Power adopted an employee DEI Policy and conducted a self-identification survey among employees.
Great-West Lifeco and IGM set diversity goals and are working towards them.

Business value

Active stewardship
Grounding our businesses on integrity and strong ethical conduct, robust governance, and prudent risk management
In 2023, Power and its group companies engaged on topics such as non-financial sustainability disclosure, biodiversity, climate transition planning, and diversity reporting.
Investing
Investing in responsibly managed companies and alternative asset management businesses focused on sustainable growth
Irish Life Investment Managers, IG Wealth Management, Mackenzie, GBL, Sagard and Power Sustainable are signatories to the PRI.
IG Wealth Management and Mackenzie are also members of the Responsible Investment Association.
Power Sustainable aims to promote decarbonization, sustainable cities and communities, and resource efficiency through its investments.
Financial advice
Helping people manage risk and build financial security, and fostering financial inclusion
Great-West Lifeco:
More than 42 million customer relationships
More than 232,000 advisor relationships
IGM:
More than 1 million clients helped by 3,100+ IG Wealth Management advisors
More than 30,000 external advisors serving over 1 million Mackenzie clients
Well-being
Elevating the well-being of clients, employees, and communities
Our group companies are committed to creating a safe and healthy workplace that allows our employees to grow, and providing them with a range of preventative health and well-being services.
Through our charitable giving, we contribute to better health and education, community development, environmentally sustainable practices, and access to arts and culture.
The Power group of companies directed substantial efforts in 2023 to enhance financial inclusion in Canada and improve Canadians’ mental health, including through IGM Financial’s IG Empower Your Tomorrow program, and Workplace Strategies for Mental Health, compliments of Canada Life.