Ten municipalities and not-for-profit
recipients awarded grant funding to support local climate change
initiatives
TORONTO, June 29,
2022 /CNW/ - 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.
- British Columbia:
Increasing climate resilience through wetland development in
Vancouver's Downtown East Side,
EYA Environmental Youth Alliance Society, Vancouver
- Alberta:
-
- Wildfire mitigation incentive program, Lac La Biche
County
- FireSmart home action rebate program, Regional Municipality of
Wood Buffalo, Fort McMurray
- FireSmart homeowner incentive program, Town of Whitecourt
- Ontario: Fire break
project in the Municipality of Red
Lake, Balmertown
- Quebec
-
- Rain garden program for the residents of Lac-Sergent, Fondation en environnement et
développement durable
- Intervention plan for the Rivière à la Raquette watershed,
Nature-Action Québec Inc.
- Prince Edward Island:
Flood risk reduction rebate program, City
of Charlottetown
- New Brunswick:
Neighbourhood-level flood risk portal, City of Fredericton
- Nova Scotia:
Fire break project around Acadia First Nation member communities,
The Confederacy of Mainland Mi'kmaq, Truro
"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.
For more information about the successful grant recipients and
their initiatives, visit
www.intactpublicentities.ca/the-intact-foundation and
Intactfc.com.
Key facts
- Municipalities own and operate 60% of the public infrastructure
in Canada.
- Nearly two million Canadian households are at high risk of
flooding, yet most people don't know they're at risk.
- About 60% of all Canadian cities, towns, settlements, and
Indigenous communities are at risk from wildfires. Most communities
threatened by wildfires are in regions with burn areas projected to
increase by 50% to 200% due to climate change.
- On April 14, 2022, Intact
announced a five-part climate transition plan that includes a
commitment to double down on helping people adapt to the extreme
weather impacts of climate change.
- For more than a decade, the Intact Foundation has supported
more than 90 projects through the climate adaptation grants across
Canada, committing more than
$16 million to support these
practical solutions.
About Intact Financial Corporation
Intact Financial Corporation (TSX: IFC) is the largest provider
of property and casualty (P&C) insurance in Canada, a leading provider of global specialty
insurance, and, with RSA, a leader in the U.K. and Ireland. Our business has grown organically
and through acquisitions to over $20
billion of total annual premiums.
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. Intact also provides
affinity insurance solutions through the Johnson Affinity
Groups.
In the U.S., Intact Insurance Specialty Solutions provides a
range of specialty insurance products and services through
independent agencies, regional and national brokers, and
wholesalers and managing general agencies.
Outside of North America, the
Company provides personal, commercial and specialty insurance
solutions across the U.K., Ireland, Europe and the Middle East through the RSA brands.
Intact Public Entities is a wholly owned subsidiary of Intact
Financial Corporation.
SOURCE Intact Financial Corporation