Climate action and advocacy

The climate crisis is one of the most significant challenges of our times. Find out how we’re working to move our business and our economy to be net zero, sustainable, and climate-resilient.

Leading the way to a net-zero future

We have set targets to eliminate the emissions of our operations and investments.

Our net-zero journey and targets

Our carbon footprint reporting

The carbon footprint of our investment portfolio

We have been carbon neutral since 2020.

We will achieve net zero in our operations by no later than 2040.

We will achieve net zero in our investments by no later than 2050.

Climate solutions for 2030

We have a target to increase investments in climate solutions, from US$2 billion in 2024 to US$3 billion by the end of 2030. This includes piloting a climate resilience and adaptation investment strategy through the Co-operators Resilience Acceleration Lab in collaboration with Addenda Capital.

Climate solutions are defined as investments in economic activities considered to contribute to climate change mitigation (including transition enabling) or adaptation, in line with existing climate related-sustainability taxonomies and other generally acknowledged frameworks, as defined by the Net Zero Asset Owner Alliance (NZAOA) Target-Setting Protocol Fourth Edition.

Co-operators was the first Canadian insurer to join the NZAOA, which includes over 80 asset owners from across the globe that have committed to transitioning their investment portfolios to net-zero by 2050.

Advocacy

Our vision is to be a catalyst for a resilient, sustainable society. We work with partners in Canada and internationally to advance policies and practices that will help shape a net-zero, sustainable, and climate-resilient future.

Learn more about our advocacy efforts

Investing in climate-resilient communities

There is an urgent need to accelerate adaptation efforts in our communities to reduce the impacts of worsening physical climate risk. We are working with municipalities, Indigenous partners, scientists and businesses to find opportunities that will accelerate the development of climate-resilience projects in Canada.

Reports and publications

More details on our climate action and advocacy can be found in downloadable pdfs below:

2024 Integrated Annual Report

Climate Report

Sustainability Policy

Sustainable Investing and Impact Investing Policy

UNEP FI Principles for Sustainable Insurance: Annual Disclosure of Progress

Climate Commitment

Carbon footprint reporting

Carbon footprint of our investment portfolio

Leaders in sustainable design

In 2024, Co-operators celebrated the grand opening of a new zero-carbon headquarters in Guelph, Ontario, consolidating our five southern Ontario locations and approximately 1,200 staff into a state-of-the-art facility. The building is also targeting LEED Gold and WELL Platinum certifications.