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BMO makes some progress on net zero

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…

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Insurance companies’ financed emissions estimated to be larger than those of major Canadian provinces

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…

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