Intact Public Entities and Intact Financial Corporation provide $1 million to support climate resiliency in Canadian communities

Ten municipalities and not-for-profit recipients awarded grant funding to support local climate change initiatives

TORONTO, June 29, 2022 – Intact Public Entities (IPE) and Intact Financial Corporation (TSX: IFC) are pleased to announce that 10 communities across Canada will receive grants to mitigate the risks of flooding and wildfires. Intact’s granting investment, totalling $1 million, will go directly to support the front lines – municipalities being affected by the impacts of a changing climate.

Doubling down on adapting to the impacts of climate change is one of the pillars of Intact’s five-part climate strategy. “We are proud to support local solutions for communities vulnerable to the impacts of extreme weather like flooding and wildfire,” says Diane Flanagan, Deputy Senior Vice President, Corporate Affairs & Communications, IFC and Chair, Intact Foundation.

The 10 selected recipients represent municipalities and not-for-profit organizations across the country and were picked from a competitive pool of 144 applicants. Their projects range from creating wetlands and rain gardens to reduce flooding in the community, to the implementation of incentive programs for homeowners to make their residences more wildfire resilient.

“Municipalities play a critical role in protecting communities from the impacts of climate change,” says Larry Ryan, President & Principal Broker, Intact Public Entities. “The overwhelming response from interested municipalities demonstrates the increasing need to invest in climate resilience strategies.”

The Municipal Climate Resiliency Grants prioritized projects that mitigate flood or wildfire risk, have strong measurable outcomes, and can be scaled to other communities. While some projects have already begun, others will be gearing up to make their communities stronger and more resilient in the coming months.

Read full press release here.