D2S1-Shawna-Peddle-v2.pdf

1、Co-operators approach to resilienceShawna PeddleAVP,SustainabilityICMIF Resilience and Sustainability Summit 2025$9.1bn in insured losses in 2024Today,there are increasing and evolving threats to our purpose-the financial security of Canadians and our communities.We cant insure our way out of increa

2、sing climate risk.Building resilience is a business opportunity.Co-operators Resilience StrategyFocused on three areas driving change at multiple levelsAdding new revenue streams that strengthen our competitive positionBuilding client resilience through wellness,wealth and loss preventionActing to r

3、everse the rise in systemic risks to financial security4Objective 2(our clients)Objective 1(our organization)Objective 3(society)Adjacent Business Models for enhanced homeowner resilience5Home Services6The Resiliency&Sustainability ProgramTomorrowStrongTMInvesting in climate resilient communitiesRes

4、ilience Acceleration LabWhy were investing in climate resilienceThe impacts of climate change are becoming more frequent and severe across a number of perils(wildfire,flood,heat,wind).We see this as a direct threat to our purpose the financial security of Canadians and our communitiesIn 2024,there w

5、ere$9.1 billion in insured losses,the highest amount on record.Estimates suggest total economic losses are 3x worse.This is exacerbating the affordability crisis,leaving more Canadians and communities at risk.Most climate investing is focused on net zero(mitigation).This is absolutely critical,but o

6、nly one side of the solution.We now also need to also invest in climate adaptation.There is no path to net zero without adapting as we go.We need to unlock more capital in order to build the infrastructure needed for climate resilience(adaptation).Complex problems require a whole