A shareholder proposal seeking improved financial disclosure regarding the energy transition received about 11.5% support at today’s AGM.
Power uses its holding company status as an excuse rather than as an opportunity
Glossy ESG reports without clear metrics won’t cut it anymore
Strong vote means the Board must act to close governance gap
Power Corporation as the third largest investor in fossil fuels in Canada, yet its shareholders are in the dark about the transition risk this represents because the company does not practice comprehensive financed emissions disclosure, unlike a growing number of its peers in the financial sector.
En tant que troisième investisseur dans les combustibles fossiles au Canada, les émissions non divulguées de Power Corporation sont un enjeu pour les investisseurs.
A bank or a company says it’s serious about climate transition …
New estimate shows scope 3 emissions twenty times higher than reported and rising rapidly
New climate plan takes step forward on renewables
Oil company faces shareholder proposal at AGM
Investors representing over $500 billion press TD on climate
$2 trillion ESG business segment held up by banks as net zero strategy, without proof