Power Corporation of Canada
Power Corporation of Canada, often referred to as Power Corp, is a leading diversified management and holding company headquartered in Montreal, Quebec. Established in 1925, the company has evolved significantly, focusing on financial services, asset management, and sustainable investments across Canada and internationally. With a strong presence in North America and Europe, Power Corporation operates through its subsidiaries, including Great-West Lifeco and IGM Financial, offering unique products and services in insurance, investment management, and retirement solutions. The company is recognised for its commitment to innovation and responsible investing, positioning itself as a key player in the financial services industry. Power Corporation's notable achievements include a robust market position and a reputation for delivering long-term value to its stakeholders, making it a trusted name in the financial landscape.
DitchCarbon Score
How does Power Corporation of Canada's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Power Corporation of Canada's score of 46 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Power Corporation of Canada's reported carbon emissions
In 2023, Power Corporation of Canada reported total carbon emissions of approximately 10379000 kg CO2e for Scope 1, 11036000 kg CO2e for Scope 2 (market-based), and a significant 70043000 kg CO2e for Scope 3 emissions. The total emissions from Scope 1 and 2 combined amounted to about 24376000 kg CO2e. Comparatively, in 2022, the company recorded Scope 1 emissions of about 12139000 kg CO2e, Scope 2 emissions of approximately 11535000 kg CO2e (market-based), and Scope 3 emissions of around 67275000 kg CO2e. The total for Scope 1 and 2 was about 27257000 kg CO2e. The data indicates a notable increase in Scope 3 emissions from 2022 to 2023, while Scope 1 emissions decreased. The emissions data is cascaded from the parent company, Power Corporation of Canada, reflecting the corporate family's overall performance. Currently, Power Corporation of Canada has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The absence of defined reduction initiatives suggests that the company may be in the early stages of developing a comprehensive climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 9,994,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 1,455,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 69,367,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Power Corporation of Canada is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
