Assumption Life achieves B Corp recertification, strengthening its commitment to sustainability

6 November 2024

AssumptionLife-BCorp - Nov 2024

ICMIF member Assumption Life (Canada), a mutual life insurance company with over 120 years of history, has announced that it has been recertified as a B Corp. This prestigious international certification highlights Assumption Life’s dedication to sustainable and responsible business practices, demonstrating its commitment to aligning financial performance with positive social and environmental impact.

Assumption Life says its mutual structure is naturally aligned with the principles of the B Corp movement, which values long-term thinking, collective benefit and community well-being. “We are thrilled to announce that we are once again B Corp certified,” said Sébastien Dupuis, President and CEO, Assumption Life. “This demonstrates our commitment to make a difference, not just for our clients but also for our community and our environment. We strongly believe that businesses can and must play a key role in creating a sustainable future.”

Integrating sustainability into daily operations

Assumption Life’s recertification reflects its continued efforts to integrate sustainability into its operations. Key initiatives include employee wellness programmes, volunteer work and environmentally friendly measures such as a carpooling programme and bike lockers. These actions support Assumption Life’s role as a positive force within society.

Transparency and community engagement

With its renewed B Corp status, Assumption Life underscores its commitment to transparency, accountability and the enhancement of sustainable practices. The company invites its community to join in its journey towards fostering a more sustainable and inclusive future. Assumption Life says it plans to keep stakeholders informed by sharing updates on its sustainability initiatives, aiming to inspire collaboration and collective action.

About Assumption Life

Assumption Life, with its more than 120 years of service, provides innovative insurance products, personalised services and active community involvement. The mutual company is driven by a commitment to client and community well-being, ensuring financial security while making a positive societal impact.

For member-only strategic content on the cooperative/mutual insurance sector, ICMIF members have exclusive access to a range of online resources through the ICMIF Knowledge Hub.

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