This season we filed this shareholder proposal at Sun Life. You can find …
This season, we filed this lobbying resolution with Enbridge. Here is our …
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…
InfluenceMap, a research partner to Climate Action 100+, just released a major report on climate lobbying by the Canadian oil and gas industry. It concludes that while most Canadian oil and gas companies state public support for climate action, they nevertheless continue to lobby against government actions to limit global warming. The report calls this…
Last week at the Investor Summit on Responsible Investing in Vancouver, Barb Zvan, the President and CEO of the University Pension Plan, said she hopes news about Canada’s sustainable finance taxonomy will be out by the end of the month. A taxonomy has the potential to clarify what activities qualify as green or transition investments,…
Plus, 4 things that effective climate engagement needs to include
Is engagement the only way to ensure real-world emissions reductions? Or, is divestment the key to achieving net zero? – the perennial net zero asset management question that never fails to elicit a hot debate.
Like so much in life, this issue is not binary.…
Nobody should doubt just how much influence Canada’s big banks have over national politics. The Globe and Mail has reported on the direct access that bank CEO’s have with the Prime Minister and Minister of Finance with whom they share their views on everything from covid restrictions to the use of the Emergencies Act.
In…