ICMIF Biennial Conference 2024: Putting a purpose-led strategy into practice
Gore Mutual(Canada) outlines its journey of transformation towards becoming a purpose-driven, digitally led, national insurer by 2030. The company’s strategy, "Next Horizon," launched amidst the COVID-19 pandemic in 2020, addresses industry challenges such as regulatory pressures, climate impacts, and economic shifts, by focusing on scaling, diversifying, and accessing capital. With a framework based on three pillars—"Be Good," "Do Good," and "Spread Good"—Gore Mutual embeds purpose across its operations, partnerships, and community impact initiatives. Significant achievements include implementing sustainable investment policies, launching a net-zero target, and fostering collaborative projects like the Climate and Equity Lab, which explores the intersection of climate change and social equity. This strategic shift has not only enhanced internal alignment and external partnerships but also redefined the company's role in creating long-term value for employees, communities, and stakeholders.
Presenter:
Gaby Polanco-Sorto, Vice President and Head, Purpose and Sustainability, Gore Mutual (Canada)
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