Author: Sophie Robinson-Tillett
Canadian universities have also joined forces to form a shareholder engagement network with SHARE Canadian universities have also joined forces to form a shareholder engagement network with SHARE Canadian universities have also joined forces to form a shareholder engagement network with SHARE
Investor groups in Canada are preparing to launch a national shareholder engagement programme targeting the country’s heaviest emitters.
Ceres, the Responsible Investment Association of Canada (RIA) and investor association SHARE are among those spearheading the initiative, currently known as Climate Engagement Canada.
It will mirror the well-known global engagement network Climate Action 100+, which coordinates hundreds of investors to undertake collaborative engagement with 167 of the world’s most polluting companies, in a bid to steer them towards Net Zero. Research released this week shows CA100+ investors have filed 37 resolutions at North American companies in the run up to this year’s AGM season, requesting disclosure on climate risks, Paris-aligned business strategies and political lobbying.
The new project is a response to a proposal by Canada’s Expert Panel on Sustainable Finance, a government-appointed advisory body that issue…