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…

Sun Life and Manulife found to be in early days of implementing net zero plans, with major gaps remaining (September 21, 2022; Toronto, Canada) Today the shareholder advocacy group Investors for Paris Compliance released the report Insuring the Climate Crisis which documents the financed emissions of insurance giants Sun Life and Manulife and their efforts…

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 net zero commitment. More background on the proposal can be found here and on why we filed this proposal here.  Statement by Duncan Kenyon, Director…

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 a credible and robust framework for companies to manage the opportunities and risks associated with the economic and political shifts associated with a 1.5°C future. …

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 of some of the largest polluters in the world on their progress towards net zero. The CA100+ is an impressive group of investors with major…