This season, we filed this lobbying resolution with Enbridge. Here is our …
Investors For Paris
This year Investors for Paris Compliance co-filed a shareholder proposal at TD with Vancity Investment Management asking the bank for more specificity in its net zero transition plan. You can read the proposal here and view our investor memo about it here.
The proposal builds on our report card about the net zero work of…
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…
Climate Action 100+ (CA100+) – the world’s leading climate engagement initiative is …
One year since committing to the NZBA, Investors for Paris Compliance grades …
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…
The climate crisis is increasing risk and driving negative health outcomes in …
By Kyra Bell-Pasht & Matt Price
We recently hosted a webinar to share our initial analysis of Canadian major banks’ net-zero plans which were released earlier this year. Our analysis focused on three areas:
What each bank includes when measuring its financed emissions; Adequacy of their 2030 energy/oil and gas targets; and The emerging strategy…