RBC finally came out with its initial 2030 targets today. There will be a lot of justified commentary on the weakness of its intensity-based targets, but RBC also released something…
Insurance companies are on the front lines of the climate crisis. This is most evident with property insurers who end up picking up the tab following extreme weather events -…
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…
The climate crisis is increasing risk and driving negative health outcomes in …
The Institutional Investors Group on Climate Change (IIGCC) just released an analysis of the progress of major banks on net zero, including Canada’s “big 5.” This is significant because IIGCC…
Today the International Capital Markets Association (ICMA) updated its guidance regarding Sustainability-Linked Bonds (SLBs), among other things.
You may remember the controversies regarding the use of SLBs in Canada by…
Canada’s major banks have committed to going “net zero” by 2050 in their financed emissions. To date these commitments have been voluntary, with serious questions arising about whether the banks…
By Kyra Bell-Pasht & Matt Price
We recently hosted a webinar to share our initial analysis of Canadian major banks’ net-zero plans which were released earlier this year. Our analysis…
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…
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…
Recently we filed a shareholder resolution at RBC asking management to update the banks’ “sustainable finance” practices to end greenwashing. The vote got 9%, which seems low but is actually…
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…