This AGM season, the BC General Employees’ Union (BCGEU) and Investors for Paris Compliance (I4PC) co-filed a shareholder resolution at BMO asking the bank for greater disclosure regarding its climate transition plan. The resolution is in the bank’s proxy circular (p. 100). Following a constructive engagement, the proponents withdrew the resolution. While the bank is…

Companies’ net zero alignment in question Shareholders at Cenovus and Enbridge will vote on proposals regarding their lobbying practices filed by Investors for Paris Compliance (I4PC). Both companies have made a net zero commitment, but evidence filed in the proposals shows the companies advocating against climate policy and in favour of fossil fuel expansion which…

Capex and scope 3 in the spotlight Shareholders at Suncor and Enbridge will vote on proposals filed by Investors for Paris Compliance (I4PC) regarding their net zero plans. Both resolutions focus on key metrics that indicate whether the companies are on track. The Suncor resolution asks the company for greater disclosure regarding its commitment to…

Today RBC released its 2022 Climate Report. There is little in the report that RBC has not already disclosed, and nothing that would improve the grades we assigned to RBC in our report card. There are however some concerning updates to the bank’s financed emissions reporting. Overall, RBC continues to uphold intensity-based targets that are…

TD gives few details about carbon shift while continuing to finance billions in fossil fuels  (March 1, 2023) Shareholders will be asked to vote on a resolution at TD bank regarding its net zero transition plan in the lead up to its AGM on April 20. The resolution was filed by Investors for Paris Compliance…

Sun Life and Manulife found to be in early days of implementing net zero plans, with major gaps remaining (September 21, 2022; Toronto, Canada) Today the shareholder advocacy group Investors for Paris Compliance released the report Insuring the Climate Crisis which documents the financed emissions of insurance giants Sun Life and Manulife and their efforts…

Today 23% of Enbridge shareholders - equivalent to almost $25 billion - voted in favour of the shareholder proposal submitted by Investors for Paris Compliance (I4PC) regarding strengthening the company’s net zero commitment. More background on the proposal can be found here and on why we filed this proposal here.  Statement by Duncan Kenyon, Director…

Investors for Paris Compliance is working with investors to hold publicly traded companies accountable for developing and implementing science-based, Paris aligned net zero commitments. Such commitments are the foundation of a credible and robust framework for companies to manage the opportunities and risks associated with the economic and political shifts associated with a 1.5°C future. …