(Calgary, May 7, 2024) Today Suncor released voting results regarding a shareholder proposal filed by Investors for Paris Compliance (I4PC) seeking improved financial disclosure regarding the energy transition. The proposal received about 11.5% support.
“Suncor is highly exposed to market and economic risks associated with the energy transition and needs to up its game accounting for those risks financially,” said Duncan Kenyon, Director of Corporate Engagement with I4PC. “Gone are the days when a glossy ESG report is enough — investors need credible financial reporting to show whether companies like Suncor are adapting or remain stuck in the past.”
Suncor scored very poorly recently in an assessment by the investor-led CA100+, receiving 20% for the quality of its disclosure, 0% for alignment, and 0% for climate solutions.
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For more information contact Duncan Kenyon at 403-999-2036
