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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Intact Financial Corp discloses climate-policy lobbying with a high degree of specificity and breadth. It identifies several concrete policy initiatives it engages on, including the Government of Canada’s Task Force on Flood Insurance and Relocation, proposed changes to national and provincial building codes to reflect climate-related risks, the update of urban flood-risk maps, the development of Canada’s National Adaptation Strategy through the federal Disaster Resilience Advisory Table, and the formal categorisation of natural infrastructure as critical infrastructure. The company is equally clear about how and where it lobbies: its CEO joined the Canadian government delegation to COP26, its Executive Advisor serves on the federal Disaster Resilience Advisory Table, it participates directly in the Sustainable Finance Action Council and Climate Proof Canada’s National Adaptation Summit, and it conducts “direct advocacy for climate-change adaptation policies…to Canadian governments at all levels” alongside work with the Insurance Bureau of Canada and the University of Waterloo. Finally, Intact sets out the concrete results it is seeking—adopting climate-resilient building codes, updated flood maps, improved land-use planning, and a low-cost national flood-insurance programme—explaining that these measures will protect communities from extreme weather and make insurance more affordable. Taken together, these detailed disclosures on policies, mechanisms and intended outcomes demonstrate comprehensive transparency around the company’s climate-related lobbying activities.
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4
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| Overall Assessment |
Comment |
Score |
| Moderate |
Intact Financial discloses that "The Board of Directors is ultimately responsible for overseeing the strategic direction and initiatives of the Company in regard to climate change risks" and that the "Group CEO, along with our Senior Management team, provides direct leadership on our climate change initiatives and advocates publicly for climate adaptation with business associations, government officials, regulators and globally in his recent role as the Board Chair of The Geneva Association," indicating that senior leadership and the board are formally identified as having oversight of policy engagement. The company also affirms a policy commitment by stating "Yes" when asked whether it has "a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement," which shows an intention to align lobbying with its climate strategy. However, the disclosure provides little detail on how lobbying activities are reviewed, monitored, or corrected over time, and we found no evidence of a structured process for evaluating the positions of trade associations or publishing the results of any alignment review. The absence of information on specific monitoring procedures, escalation steps, or potential actions to address misalignment limits the transparency and robustness of the governance framework, even though senior oversight and a Paris-alignment commitment are in place; this indicates moderate governance strength but with significant gaps in implementation detail and indirect-lobbying coverage.
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2
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