Sustainability a focus for companies' corporate offices and real estate
holdings in Canada
WINNIPEG, Nov. 6, 2015 /CNW/ - Great-West Lifeco Inc. today announced
the achievement of two designations reflecting a commitment to
sustainability across its Canadian operations:
Great-West Life, London Life and Canada Life have earned a position on
CDP's Canada 200 Climate Disclosure Leadership Index for the second
year in a row, and
GWL Realty Advisors has achieved a "Green Star" ranking in its inaugural
submission to the Global Real Estate Sustainability Benchmark (GRESB)
"We're pleased to be recognized as a Canadian leader for our
environmental management," says Paul Mahon, President and CEO,
Great-West Lifeco. "Measuring and being transparent in communicating
climate change-related information are important responsibilities
within our environmental program."
CDP Climate Disclosure Leadership Index
The companies earned a position on the index by disclosing high-quality
data related to their carbon emissions as part of CDP's climate change
"We continue to look for ways to improve our environmental performance,"
says Don Lecuyer, the companies' Assistant Vice-President, Corporate
Properties. "The gains we make are the result of staff buy-in,
improvements to operational infrastructure, and effective environmental
management from our real estate subsidiary, GWL Realty Advisors."
The companies' 97B CDP score for 2015, comparable to their 2014 score,
ranks in the top ten percent of CDP's Canadian sample.
CDP's annual global climate change report, along with the climate scores
of all companies publicly taking part in CDP's climate change program
this year, is available on CDP's website.
"Green Star" GRESB ranking
GWL Realty Advisors placed in the top 15 per cent of global
participants, scoring well above the global average and the average for
its North American peer group as evaluated by GRESB across eight key business aspects: management, policy and disclosure,
risk, monitoring, performance indicators, building certifications,
stakeholder engagement, and new constructions.
GRESB is a leading global benchmark used by institutional investors to
help understand real estate companies' environmental, social, and
governance activities and the sustainability performance of their
The 2015 survey includes submissions from 707 management companies and
funds from across the world, representing 61,000 assets worth USD $2.3
This strong performance of GWL Realty Advisors demonstrates a focus on
operational excellence and top sustainability performance for clients
"We are pleased to obtain such a high score on our initial GRESB
submission," said Paul Finkbeiner, President, GWL Realty Advisors.
"This Green Star ranking is a reflection of our continued commitment to
the environmental, social, and governance practices of our managed
GWL Realty Advisors' sustainability and past year's performance is
outlined in its 2014 Annual Review.
About Great-West Life, London Life and Canada Life
Great-West Life, London Life and Canada Life offer a broad portfolio of
financial and benefit plan solutions, and serve the financial security
needs of more than 12 million people across Canada. Responsible and
ethical management is an intrinsic value of the companies and is
essential to long-term profitability and value creation. As an Imagine
Caring Company supporting the principles of corporate citizenship and
benchmarks for community investment established by Imagine Canada, the
companies donate a minimum of one per cent of average pre-tax profits
to non-profit, charitable and community organizations each year. Learn
more about the organization's corporate social responsibility.
About GWL Realty Advisors
GWL Realty Advisors Inc. is a leading real estate investment advisor
providing comprehensive asset management, property management,
development and specialized real estate advisory services to pension
funds and institutional clients. GWL Realty Advisors manages more than
$16.8 billion in assets and $650 million in construction across Canada.
For details about GWL Realty Advisors Inc., visit www.gwlra.com.
About Great-West Lifeco
Great-West Lifeco Inc. (TSX:GWO) is an international financial services
holding company with interests in life insurance, health insurance,
retirement and investment services, asset management and reinsurance
businesses. Great-West Lifeco has operations in Canada, the United
States, Europe and Asia through Great-West Life, London Life, Canada
Life, Irish Life, Great-West Financial and Putnam Investments.
Great-West Lifeco and its companies have $1.2 trillion* in consolidated
assets under administration, and are members of the Power Financial
Corporation group of companies.
*Assets as of September 30, 2015
SOURCE Great-West Lifeco Inc.
For further information:
Marlene Klassen, APR
Assistant Vice-President, Communication Services