Today the International Capital Markets Association (ICMA) updated its guidance regarding Sustainability-Linked Bonds (SLBs), among other things.
You may remember the controversies regarding the use of SLBs in Canada by…
Canada’s major banks have committed to going “net zero” by 2050 in their financed emissions. To date these commitments have been voluntary, with serious questions arising about whether the banks…
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…
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…
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…
Recently we filed a shareholder resolution at RBC asking management to update the banks’ “sustainable finance” practices to end greenwashing. The vote got 9%, which seems low but is actually…
Climate Action 100+ (CA100+) “is an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.” Each year it puts out an evaluation…
Toronto, April 14, 2022 – Enbridge (TSE: ENB) will face a shareholder proposal at its annual general meeting on May 4 regarding the adequacy of its net zero plans. While the…
Today 8% of RBC shareholders - equivalent to over $15 billion - voted in favour of the shareholder proposal submitted by Investors for Paris Compliance (I4PC) regarding strengthening the bank's…
Today CIBC released its net zero update, including interim 2030 targets for oil and gas.
Said Matt Price, Director of Corporate Engagement of Investors for Paris Compliance:
“We’re disappointed that…
The backroom politics around defining “sustainable” finance in Canada continue, with the vast majority of people shut out of this critical public policy issue.
You may remember earlier chapters of…
Today Scotiabank released its Net-Zero Pathways Report outlining its next steps regarding its net zero commitment.
Reaction quote:
“There’s nothing in these plans that will see Scotiabank reduce the tens…