Canadian charities can now apply for the 2019 Intact Adaptation Action Grants.
TORONTO, Oct. 22, 2019 /CNW/ – Natural disasters caused by climate change are real and immediate. These disasters cost people, businesses and governments billions of dollars every year, and they take a toll on Canadians’ mental and physical health.
Through the Intact Adaptation Action Grants, Intact Financial Corporation is investing $1 million in charities that are developing practical and effective solutions that help protect people from natural disasters like floods, wildfires, extreme heat, wind and hail.
“Our purpose is to help people, businesses and society prosper in good times and be resilient in bad times. We do that by mobilizing our more than 4,000 claims employees to help customers get back on track quickly after a catastrophic weather event. These events are impacting our communities and that’s why we’re taking a proactive approach to protect people from natural disasters by building a more climate-resilient country,” said Charles Brindamour, Chief Executive Officer, Intact Financial Corporation.
The Intact Adaptation Action Grants will prioritize projects that use natural infrastructure as part of their solutions, take a community engagement approach, and help Canadians understand the climate risks they are facing.
Transformational change takes time and requires investing in both new and existing ideas. With this in mind, Intact is funding three types of grants:
- Fostering Ideas: Contribute to new solutions by exploring new ideas through research, peer support and/or skills development
- Testing Concepts: Testing and validating an existing idea to confirm the impact of a concept
- Scaling Projects: Scale a proven concept to expand impact and reach
Over the past two years, Intact Financial Corporation has invested $2.3 million in 16 projects to help create a more climate-resilient Canada. Successful projects are helping to reduce flooding by protecting and restoring natural infrastructure. They are also helping to reduce urban heat islands by greening our cities and using artificial intelligence to predict wildfires. See the attached backgrounder for a full list of charitable partners and their projects.
For more details about the Adaptation Action Grants window, including the link to apply, please visit the Intact Financial Corporation website.
About Intact Financial Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada and a leading provider of specialty insurance in North America, with over $10 billion in total annual premiums. The Company has approximately 14,000 full- and part-time employees who serve more than five million personal, business and public sector clients through offices in Canada and the U.S. In Canada, Intact distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly-owned subsidiary BrokerLink, and directly to consumers through belairdirect. In the U.S., OneBeacon Insurance Group, a wholly-owned subsidiary, provides specialty insurance products through independent agencies, brokers, wholesalers and managing general agencies.