Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic Performance
• Environmental Footprint
• Social Responsibility
• Governance

Environmental Achievements

• Not disclosed

Social Achievements

• Not disclosed

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: GRI

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Building financial confidence
• Accelerating DE&I in finance
• Growing sustainable investing

Environmental Achievements

• Exceeded target to reduce Scope 1 and 2 GHG emissions by 40% by 2020 (reduced 932 tonnes from 2013 emissions of 2,330 tonnes CO2e)
• Exceeded target of 80% of Scope 1 natural gas to be renewable by 2020 (4,879 megawatt hours of natural gas)

Social Achievements

• Launched IG Empower Your Tomorrow Indigenous Commitment, dedicating $5 million over five years to Indigenous communities
• 275 clients attended IG’s first sustainable investing webinar
• Mackenzie and IG signed the Responsible Investment Association’s Canadian Investor Statement on Diversity & Inclusion
• 210,000+ clients served through IG’s National Service Centre
• IPC expanded its ESG principles to exclude companies that contravene ESG standards or whose operations involve anti-social business activities
• No COVID-19 related job losses in 2020

Governance Achievements

• Formed a Board-level Risk Committee
• Provided enhanced training for employees on anti-money laundering, anti-corruption and anti-bribery
• Percentage of women on the Board rose from 12.5% in 2016 to 33% in 2020
• Implemented a Compensation Claw Back Policy

Climate Goals & Targets

Environmental Challenges

• Data availability and accuracy challenges in assessing climate-related risks across diverse investments
• Challenges in offering consistent multi-material recycling programs in leased IG offices due to varying municipal capabilities and landlord approaches
• Managing climate change risks and opportunities across various business areas

Mitigation Strategies

• Engaging with external data providers to support climate-related scenario analysis
• Working with landlords to increase waste diversion services
• Establishing an enterprise-wide TCFD Working Group to lead implementation of TCFD recommendations
• Implementing a tool to enhance quantitative assessment of climate risks

Supply Chain Management

Responsible Procurement

• Supplier Code of Conduct (includes provisions related to human rights, labor practices, and environmental performance)

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events affecting corporate and investment properties, client mortgages

Transition Risks

• Negative impact on client investment performance, reputational harm, new regulatory requirements

Opportunities

• Growing demand for sustainable investing
• Energy efficiency opportunities in operations

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB Standard (Asset Management & Custody Activities), TCFD recommendations

Third-party Assurance: PricewaterhouseCoopers LLP (PwC) (limited assurance on Scope 1, Scope 2 emissions, and business travel Scope 3 emissions)

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 5: Gender Equality
• Goal 7: Affordable and Clean Energy
• Goal 10: Reduced Inequalities
• Goal 17: Partnerships for the Goals

Contributions described throughout the report, including financial planning advice, empowering women, managing climate change risks, playing a role in Canada's financial services sector, and collaborations with various organizations.

Sustainable Products & Innovation

• Mackenzie Global Environmental Equity Fund

Awards & Recognition

• Corporate Knights’ 2021 Global 100 Most Sustainable Corporations (#29 overall)
• CDP leadership level recognition for climate disclosures (four consecutive years)

Environmental Metrics

ESG Focus Areas

• Building financial confidence
• Advancing sustainable investing
• Accelerating DE&I in finance
• Corporate governance
• Ethics and compliance
• Risk management
• Information security and privacy
• Talent and culture
• Community support
• Environmental footprint

Environmental Achievements

• Declared intent to be carbon neutral in corporate offices and travel by the end of 2022.
• Reduced GHG emissions (various scopes) compared to previous years (specific figures in ESG Data Table).

Social Achievements

• Delivered 80+ virtual financial literacy workshops to more than 7,300 people.
• Launched Mackenzie Together community platform to advance women through education, financial security, and career opportunities.
• Endorsed the Canadian Truth and Reconciliation Commission’s Call to Action #92.
• Hired first VP of Diversity, Equity and Inclusion.
• Contributed $9.2 million to community and charitable organizations.

Governance Achievements

• 33% of Board positions held by women.
• Implemented Say on Pay advisory vote in 2022.
• Enhanced IS security training.
• Increased focus on ESG considerations in purchasing decisions.
• Climate training for executives.

Climate Goals & Targets

Environmental Challenges

• Climate change and its impacts on the global economy and society.
• Global pandemic and its effects on employees, advisors, and clients.
• Inequalities exacerbated by the pandemic.
• Growing pressure on companies to provide more ESG information.
• Cybersecurity risks.

Mitigation Strategies

• Released a Climate Position Statement outlining commitments.
• Prioritized employee and advisor health and well-being.
• Implemented a DE&I strategy.
• Enhanced ESG disclosures and reporting.
• Implemented a broad range of company-wide policies, training, standards, and governance processes to manage cybersecurity risks.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct
• Added 11 questions related to suppliers’ sustainability practices to RFP template.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events affecting corporate properties and valuations of investment properties and client mortgages.

Transition Risks

• Negative impacts on client investment performance, reputational harm, market risks, and new regulatory requirements.

Opportunities

• Meeting growing demand for sustainable investing.
• Investing in the transition to a net-zero economy.
• Educating clients and advisors on sustainable investing and climate change.

Reporting Standards

Frameworks Used: GRI Standards: Core option, SASB Standard (Asset Management & Custody Activities), TCFD recommendations

Certifications: Null

Third-party Assurance: PricewaterhouseCoopers LLP (PwC) (limited assurance on Scope 1, Scope 2, and Scope 3 business travel emissions)

UN Sustainable Development Goals

• 4.5
• 4.6
• 10.2
• 10.4
• 10.5
• 13.2
• 13.3
• 16.5
• 16.6
• 16.7
• 17.16

Contributions to SDGs detailed in the report.

Sustainable Products & Innovation

• IG Climate Action Portfolios
• Mackenzie Global Green Bond Fund
• Mackenzie Global Sustainable Bond Fund and ETF
• Mackenzie Betterworld Global Equity Fund
• Mackenzie Betterworld Canadian Equity Fund

Awards & Recognition

• Top 100 Employers (IG, Mackenzie, IPC)
• Corporate Knights’ Global 100 Most Sustainable Corporations

Environmental Metrics

ESG Focus Areas

• Building financial well-being
• Advancing sustainable investing
• Accelerating DE&I in finance
• Responsible Business Practices

Environmental Achievements

• Reduced Scope 1 and 2 emissions by 100% by 2030 (versus 2013 baseline) through building efficiencies, use of hydro electricity and matching natural gas consumption with green natural gas procured from renewable sources
• Achieved carbon neutrality in 2022 across corporate offices and travel, including Scope 1, 2 and related Scope 3 emissions.

Social Achievements

• IGM was recognized as one of Canada’s Best Diversity Employers in 2023
• 74% of employees self-identified through our Count me in! initiative
• Expanded number of DE&I business resource groups (BRGs) to six
• Over 20,000 people attended IG webinars on financial literacy, market volatility, inflation, retirement, and estate planning
• 60 financial literacy workshops with more than 5,000 seniors, youth, parents and teachers

Governance Achievements

• 100% of employees agree to Code of Conduct annually
• No critical concerns raised in 2022 regarding corruption-related risks
• Integrated IGM’s sustainability and risk functions under one division

Climate Goals & Targets

Environmental Challenges

• Global socio-economic headwinds (war in Ukraine, rising inflation and interest rates, market volatility)
• Climate change (severe weather events)
• Indigenous reconciliation
• Hybrid work approach
• Evolving ESG standards and regulation

Mitigation Strategies

• Provided guidance to clients on long-term financial planning
• Donated $200,000 to the Canadian Red Cross to support humanitarian needs in Ukraine
• Supporting Indigenous communities through financial literacy programs and cultural awareness initiatives
• Adopted a hybrid work model
• Submitted comment letters in support of proposed ESG standards

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Supplier Code of Conduct (mandates compliance with environmental laws and environmentally responsible conduct)
• Inclusion of ESG questions in all supplier RFPs

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting corporate properties and client assets

Transition Risks

• Shifts in product demand, new regulations, legal or disclosure requirements

Opportunities

• Growing demand for sustainable investing, opportunities to invest in the transition to a net-zero economy

Reporting Standards

Frameworks Used: GRI Universal Standards (2021), GRI G4 Financial Sector Disclosures (2014), SASB Asset Management & Custody Activities Standard, TCFD recommendations

Certifications: Null

Third-party Assurance: PricewaterhouseCoopers LLP (PwC) (limited assurance on GHG emissions)

UN Sustainable Development Goals

• 4 (Quality Education)
• 10 (Reduced Inequalities)
• 13 (Climate Action)
• 16 (Peace, Justice and Strong Institutions)
• 17 (Partnerships for the Goals)

IGM's contributions to these goals are detailed throughout the report.

Sustainable Products & Innovation

• Climate Action Portfolios
• Mackenzie Global Sustainable Bond Fund and ETF
• Mackenzie Global Green Bond Fund
• Betterworld funds

Awards & Recognition

• Canada’s Top 100 Employers (2023)
• Manitoba’s Top Employers (2023)
• Canada’s Best Diversity Employers (2023)
• Corporate Knights’ Global 100 Most Sustainable Corporations (2020-2023)

Environmental Metrics

ESG Focus Areas

• Building financial well-being
• Advancing sustainable investing
• Accelerating DE&I in finance
• Responsible business practices

Environmental Achievements

• 9% reduction in leased office space since 2019, including a 27,000 square foot reduction in 2023
• 11% improvement in Winnipeg corporate office’s waste diversion rate, from 37% in 2022 to 49% in 2023
• 100% of items from closed or renovated sites diverted from landfill from 2017 to year-end 2023
• Achieved carbon neutrality in 2022 across corporate offices and travel

Social Achievements

• 2,700+ Indigenous community members gained financial knowledge via workshops and coaching through IG’s partnership with Prosper Canada
• Launched a new segmented advice model tailored to clients’ distinct financial needs
• Over 500 employees belonged to a business resource group in 2023 (300% increase from 2022)
• Launched new accessibility training

Governance Achievements

• Updated sustainability governance structure
• Introduced the Action Today, Better Tomorrow Committee
• Published a Generative AI Policy
• 100% of employees agreed to the Code of Conduct annually

Climate Goals & Targets

Environmental Challenges

• Global economic headwinds (higher interest rates and prices, global instability)
• Climate change (extreme weather events)
• Indigenous reconciliation (need for greater understanding and action)
• Evolving talent practices (managing talent to meet current and future needs in a hybrid work model)
• Sustainability-related disclosure standards (demand for high-quality, consistent, and comparable data)

Mitigation Strategies

• Extensive product shelves to help manage risk and timely advice from IG advisors
• Support for transition to net-zero economy through efforts to reduce financed emissions, grow sustainable investments, and shrink operational environmental footprint
• Engaged an Indigenous-led consulting firm to help develop a Reconciliation Action Plan
• Strategic hiring, investment in interns, and data-driven insights from employee feedback to build a thriving work environment
• Preparing for adoption of IFRS S1 and S2 in Canada

Supply Chain Management

Responsible Procurement

• Developed a company-wide Procurement Policy
• Launched a sustainable procurement program with a minimum weighting factor of 20% for ESG criteria in evaluating requests for proposals

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events impacting corporate properties and valuations of investment properties and client mortgages

Transition Risks

• Negative effects on client investment performance, reputational harm, market risks, and new regulatory requirements

Opportunities

• Meeting growing demand for sustainable investing, investing in the transition to a net-zero economy, and educating clients and advisors on sustainable investing

Reporting Standards

Frameworks Used: GRI Universal Standards (2021), GRI G4 Financial Sector Disclosures (2014), SASB Asset Management & Custody Activities Standard, TCFD recommendations

Third-party Assurance: PricewaterhouseCoopers LLP (PwC) (limited assurance for GHG statement)

UN Sustainable Development Goals

• 4
• 10
• 13
• 16
• 17

Contributions to SDGs through various initiatives outlined in the report

Sustainable Products & Innovation

• Climate Action Portfolios

Awards & Recognition

• Corporate Knights’ Global 100 Most Sustainable Corporations (2020–2024)
• Canada’s Top 100 Employers (2023–2024)
• Canada’s Best Diversity Employers (2023–2024)
• Canada’s Greenest Employers (2024)