Canadian ICMIF member Co-operators has earned the highest ranking among insurers and highest in the financial sector in Corporate Knights annual Best 50 Corporate Citizens ranking, placing fourth in the overall ranking. Assessed across a wide range of environmental, social, and governance-related sustainability performance indicators, this national recognition continues to underscore the cooperative’s ongoing efforts to catalyse a resilient and sustainable society.

Corporate Knights is a sustainable-economy media and research organisation, committed to advancing an economic system in which both people and the planet can thrive. The research division produces global sustainability rankings, research reports and financial product ratings based on corporate sustainability performance.

In 2025, Co-operators stood out for its high relative proportion of revenue (26.4%) that is defined as ‘sustainable revenue’ by Corporate Knights’ Sustainable Economy Taxonomy. The result is also driven in part by Co-operators CAD 7.05 billion in impact and transition investments; a high percentage of gender diversity in its executive leadership team; a relatively equitable CEO to worker pay ratio; linking executive compensation with net-zero targets; and the number of paid sick leave days offered to its employees, among other indicators.

“To be recognised alongside Canada’s business leaders is strong validation of our efforts to embed sustainability into our business, while working to catalyse sustainability in our society through our investments, products and services, community partnerships, and advocacy,” said Rob Wesseling, President and CEO of Co-operators and Chair of ICMIF. “Our pursuit of sustainability is inextricably linked to our ability to advance our purpose of financial security for Canadians and our communities. It is about ensuring we can meet the needs of our members, clients and communities today, without compromising our ability to meet their needs for generations to come.”

“Today’s complex challenges require us to leverage the collective capacity, capital and ingenuity across our society to develop imaginative, sustainable solutions,” said Chad Park, Vice-President of Sustainability & Citizenship at Co-operators. “The Best 50 highlights those businesses who are demonstrating leadership across a range of industries in pursuit of solutions that will help create a more sustainable, resilient, and equitable Canada. We’re committed to working collaboratively as part of this effort and honoured to be recognised.”

Co-operators sustainability achievements include:

• 52.6% of its investments are invested in impact and climate transition investments, equivalent to CAD 7.05 billion directed to projects and initiatives that address environmental and social challenges.
• Co-operators has a target to invest 60% of its total portfolio in impact, transition and resilience investments by 2030.
• Co-operators is a carbon neutral company, with net zero targets in its operations (2040) and investments (2050).
• 26.4% of its total revenue comes from sustainable products or services, like Comprehensive Water, Canada’s first and only flood insurance product including storm surge that is available to all Canadians, even those at highest risk.
• 55% representation of women on the CEO leadership team (Executive Vice Presidents).

Full details of its sustainability, climate and financial performance can be found in Co-operators Integrated Annual Report and its Climate Report.