A more resilient future
Improving our operations and investing with tomorrow in mind
Reducing our carbon emissions
North America achieved a reduction in emissions, driven by operational improvements such as consolidating office space. In our Toronto office, a key factor was reduced gas usage, achieved by improving boiler efficiency through the building automation system. Milder weather also contributed by reducing the need for heating. Also, various energy-saving measures were implemented, including minimising energy use outside of business hours and upgrading ventilation systems to operate more efficiently.
Despite a growing headcount, our UK-based Bromley office has maintained emissions in line with the prior year by transitioning more of our sales force to hybrid and electric vehicles. Finally, the continued procurement of zero-carbon electricity has supported keeping emissions low.
Foresters global office and fleet carbon emission reduction
Tonnes of CO2e in our own operations (Scope one and two)
2022
2023
2024
22%
Reduction from 2022 to 2023 9
19%
Reduction from 2023 to 2024 10
Foresters North American and UK office and fleet carbon emission 2023 vs. 2024
Tonnes of CO2e in our own operations (Scope one and two)
North America
2023
2024
24%
Drop in carbon emissions in 2023 vs 2024 in Foresters Canadian headquarters 11
UK
2023
2024
1%
Drop in carbon emissions in 2023 vs 2024 in Foresters UK head office and fleet 12
Circles are not to scale, for illustrative purposes only.
Investing to protect tomorrow
Our investment philosophy at Foresters is built around protecting our members’ financial futures while fulfilling our organisation’s purpose.
While we strive to continually improve returns with our investments, we are also always considering Environmental, Social and Governance (ESG) factors. Part of how we do this is by working closely with asset managers who share our outlook on ESG risks and believe in the importance of including ESG considerations in their processes
100%
of all professional asset managers engaged by Foresters are United Nations Principles for Responsible Investment signatories 13
$750 million+ CAD
Invested in green, social or sustainable bonds14 and the UK Sustainable Future Managed Fund (as of 31 December 2024)
Across Canada and the US, our investments include green, social and sustainable bonds and projects supporting clean energy.
7.5%
The 2024 target goal of investments into green, social or sustainable bonds with our North American core managers
11.1%
The 2024 percentage of investments in green, social or sustainable bonds with our North American core managers that Foresters achieved
$639 million
CAD
The dollar amount invested in green, social or sustainable bonds with our North American core managers after exceeding our original target 15
In 2025 we will target
7.5%+
invested in green, social or sustainable bonds (with our North American core managers).
Our UK sustainable fund
In 2023, we launched our Foresters Stakeholder Sustainable Future Managed Fund. Professionally managed by Schroders, invests at least 70% in companies and countries working to lower carbon emissions or are already keeping their carbon emissions low.
10%
Over 10% of new UK business is invested in the Sustainable Future Managed Fund in 2024 when the customer has chosen to invest in a Stakeholder Product. 16
Together we're shaping tomorrow
421355 CAD/US (05/25)
9 Calculated internally based on GHG Protocol, consistent with ISSB, TCFD recommendations.
10 2023 comparison figures have been adjusted to reflect that the scope 1 UK gas emissions are natural gas instead of biogas as originally reported. Figure is rounded to the nearest whole number.
11 Calculated internally based on GHG Protocol, consistent with ISSB, TCFD recommendations. Figure is rounded to the nearest whole number.
12 Calculated internally based on GHG Protocol, consistent with ISSB, TCFD recommendations. 2023 comparison figures have been adjusted to reflect that the scope 1 UK gas emissions are natural gas instead of biogas as originally reported. Figure is rounded to the nearest whole number.
13 https://www.unpri.org/signatories
14 Green, social or sustainable bonds held in Foresters asset portfolios have been represented by their respective issuers in public securities filings to be in alignment with green or sustainable principles established by the International Capital Market Association. For more information, please visit https://www.icmagroup.org/sustainable-finance. US$ and £ values have been converted to CAD$ using the spot rate on 31/12/2024.
15 Green, social or sustainable bonds held in Foresters asset portfolios have been represented by their respective issuers in public securities filings to be in alignment with green or sustainable principles established by the International Capital Market Association. For more information, please visit https://www.icmagroup.org/sustainable-finance. US$ values have been converted to CAD$ using the spot rate on 31/12/2024.
16 % of new business when the customer has chosen to invest in a Stakeholder Product. At the start of their journey the customer choses to invest in either a Shariah product or a Stakeholder product.