Our sustainability journey
We began our sustainability journey with the launch of our Sustainability Policy and our first Sustainability Strategy in 2008. At The Co-operators sustainability is defined as:
"Meeting the needs of the present without compromising the ability of future generations to meet their needs.” – The Bruntland Commission, 1987.
Sustainability at The Co-operators considers environmental, social and economic sustainability; ensuring we are building resiliency in all three areas for the long term. Our approach considers the ‘way we do things’ from our claims handling and product offerings to our community investment and our people practices.
In the beginning, with our Phase I Sustainability Strategy from 2008 – 2010, the focus was on getting our house in order; walking the talk by embedding sustainable practices into our business operations and decision-making processes, setting clear goals, establishing governance practices, engaging stakeholders and putting in place plans of action and measurement to achieve those goals.
With our goals firmly established and having made internal progress, we shifted our focus outward for our Phase 2 Sustainability Strategy from 2011 – 2014, to being a catalyst for a sustainable society. As a catalyst we strive to create resilient communities for Canadians. Our shift from planning to action happened as a result of the engagement and efforts of our employees, our executives, our Board and our key stakeholders.
As part of our 2015-2018 strategy, our approach has evolved. We no longer have a stand-alone sustainability strategy — instead sustainability is integrated into the 2015–2018 corporate strategy. More specifically, our strategy compels us to integrate and embed co-operative and sustainability principles in all areas of our business decision-making, actions and processes. Our commitment to sustainability is aligned with our commitment to co-operative values and principles. With a focus on long-term thinking and long-term action, we believe they are inextricably linked. When a sustainable approach becomes simply ‘the way we do things,’ we will know that it is fully embedded in our organization.
We encourage you to explore our website to discover the ways we are putting our values into action.
We are honoured to be recognized for our sustainability efforts:
- Since 2010, The Co-operators has ranked among the top 10 on Corporate Knight’s 50 Best Corporate Citizens listing and in 2013 we were named as the #1 Most Sustainable Co-operative in the World on Corporate Knight’s inaugural ranking of global co-operatives.