Intact will invest $2 million over two years to support practical solutions that help municipalities address severe weather events

TORONTO, June 10, 2024 /CNW/ - Intact Financial Corporation (TSX: IFC) announces the launch of its enhanced 2024 Municipal Climate Resiliency Grants program. Intact is doubling its investment by providing $2 million over two years to support practical solutions that help municipalities, registered charities, and Indigenous communities address extreme weather events including flooding and wildfire.

"As the frequency and severity of extreme weather continues to increase, we are doubling down on helping people and communities adapt to a changing climate," said Carla Smith, Executive Vice President and Chief Strategy, Climate and People Officer, Intact Financial Corporation. "Through our Municipal Climate Resiliency Grants program, we fund locally driven projects that support real, proven adaptation solutions to help build climate resilient communities".

The Municipal Climate Resiliency Grants prioritize initiatives that implement proven adaptation solutions, including those identified by the Intact Centre on Climate Adaptation at the University of Waterloo. Eligible projects should target communities and residents that are most vulnerable to the impacts of climate change and have concrete indicators of success, with the potential to be scaled across the community.

In 2022, Intact invested a total of $1 million in ten climate adaptation projects in communities across Canada. "We are proud of the partnerships and results we achieved through the 2022 Municipal Climate Resiliency Grant program, and there's so much more to do. We're in a unique position to help bring these projects to life and, with twice the available funds, we are excited to once again see the ingenuity and practicality of the projects submitted to support people and communities adapt to a changing climate," said Glenn Minnis, President and Principal Broker, Intact Public Entities.

Read full press release here.