Focus on well-being
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Our programs are developed with one question in mind
Will this help advance our commitment to the financial, physical and mental well-being of Canadians?
From diverse and inclusive communities and a healthy environment, to financial support in times of need, here are some of the ways we contributed to the financial, physical and mental well-being of Canadians in 2023.
$11.1M
contributed in community funding across Canada
$2.4M
raised by employees for charitable organizations
$10.9B
in benefits paid
Financial well-being
It can be a challenge for many Canadians to balance short-term financial responsibilities against longer-term goals, which can impact their mental health.
Through charitable contributions to financial literacy initiatives, research and technology investments, and work with financial planners, advisors and employers, we can help Canadians plan and enjoy a lifetime of financial well-being.
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Offering Canadians sustainable and affordable investments
We added two new underlying funds to our Canada Life Sustainable Portfolios and Canada Life Sustainable Target Date Funds, making it easier for customers to invest in line with their values for a more sustainable world through their savings.
Physical well-being
When it comes to physical well-being, our goal is to help Canadians achieve positive health outcomes while protecting the sustainability of employer-sponsored benefit plans.
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Working to keep medications accessible and affordable for Canadians
We developed and implemented an industry-wide advocacy campaign to promote the importance of private employer benefit plans as part of the national pharmacare discussion.
Playing our part in delivering biosimilar drug strategies
We’re committed to balancing our plan members’ health needs with plan sponsors’ cost management needs. Biosimilars are medications that are like their brand-name counterparts and are proven to be safe and effective.
Mental well-being
As an organization dedicated to the mental well-being of Canadians, some of the areas we focus on include:
Addressing mental health and building resilience
Creating psychologically safe workplaces
Coping with stress in post-secondary education
In 2023
$2.5M
We invested nearly $2.5 million in Workplace Strategies for Mental Health and charitable contributions to mental health-related initiatives.
2,200,000
There were nearly 2,200,000 page views on the Workplace Strategies website.
640,000 +
More than 640,000 visitors browsed the Workplace Strategies - Opens in a new window website, accessing free tools and resources.
Workplace Strategies for Mental Health, compliments of Canada Life (Workplace Strategies), is part of our commitment to the mental well-being of Canadians. Workplace Strategies offers a range of free tools and resources for employers and employees to protect psychological health and safety at work. To learn more, visit the Workplace Strategies for Mental Health - Opens in a new window website.
2023 Public Accountability Statement
From providing financial support for community initiatives, to positively impacting the world around us, we’re showcasing our efforts to support and guide Canadians and their families through all of life’s journeys.
2023 Public Accountability Statement - download
Contact us to request a physical copy of our Public Accountability Statement.
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