Beneva doubles down on SOCODEVI: Mutual aid and solidarity for vulnerable communities

Quebec City, April 12, 2023 – Beneva, along with SSQ and La Capitale mutuals, are proud to pledge a yearly amount of $300,000 for 2023 and 2024 to SOCODEVI. In addition to supporting the organization’s mission, which is to concretely and sustainably improve living conditions in developing nations, this money will serve to promote the cooperative and mutualist movement all over the world.

“Beneva firmly believes in the cooperative and mutualism model of business and this latest pledge simply confirms how important it is in the development of emerging nations,” said Jean-François Chalifoux, President and Chief Executive Officer of Beneva. “Our company and its mutuals have supported SOCODEVI for over 30 years and today, we are ramping up our support. SOCODEVI is a major player in international development and together, we seek to generate actual, positive returns for these communities.”

“This major, even historic, support from one of our member institutions could not have come at a better time for SOCODEVI. Our organization’s operations have steadily grown over the last few years and now more than ever, our efforts to consolidate the drivers of sustainable and inclusive socioeconomic development are bearing fruit all over the world, for the benefit of tens of thousands of families. The values we share with our members serve as the foundation of our commitment to support families in Africa especially,” said Jean-Philippe Marcoux, SOCODEVI Executive Director.

A triple-crown partnership

By doubling down on this partnership, Beneva is promoting a socioeconomic system that brings material prosperity, well-being and a sound environment to those who need it. It breaks down into three parts.

The goal of the programs in Africa is to improve the living conditions, health and rights of thousands of women and children. The amount donated by Beneva will contribute to their financial autonomy and literacy, give them access to farming and health insurance and allow them to boost production as well as better market their farming products.

The goal of the Nourrir la fierté awareness campaign is to promote SOCODEVI’s mission to Beneva employees and encourage them to get involved. This will translate into providing expertise based on each community’s needs either through on-site deployment or remote intervention.

Beneva will also support SOCODEVI’s financing activities and events. As a member, Beneva will contribute to the Tree of Intercooperation, SOCODEVI’s annual carbon-neutrality initiative.

About Beneva

Created by the coming together of La Capitale and SSQ Insurance, Beneva is the largest insurance mutual in Canada with more than 3.5 million members and customers. Beneva employs over 5,000 dedicated employees: people looking out for people. Its human approach is rooted in mutualist values that are shared by its employees. With $26.8 billion in assets, Beneva positions itself as a major player in the insurance and financial services industry. Its head office is located in Quebec City.

Policyholders of contracts issued by an insurance company of Beneva Group Inc. are members of SSQ Mutual and La Capitale Civil Service Mutual.

About SOCODEVI

The Société de coopération pour le développement international (SOCODEVI), whose head office is located in Quebec City, contributes to improving the living conditions of communities in developing nations by helping to create and strengthen sustainable and inclusive cooperative and mutual enterprises. It oversees Quebec’s network of cooperatives, which shares its expertise and know-how with its partners in developing nations in order to create, protect and redistribute wealth in a fair and responsible way.