Toronto, April 14, 2022 – Enbridge (TSE: ENB) will face a shareholder proposal at its annual general meeting on May 4 regarding the adequacy of its net zero plans. While the…
Today 8% of RBC shareholders - equivalent to over $15 billion - voted in favour of the shareholder proposal submitted by Investors for Paris Compliance (I4PC) regarding strengthening the bank's…
Today CIBC released its net zero update, including interim 2030 targets for oil and gas.
Said Matt Price, Director of Corporate Engagement of Investors for Paris Compliance:
“We’re disappointed that…
The backroom politics around defining “sustainable” finance in Canada continue, with the vast majority of people shut out of this critical public policy issue.
You may remember earlier chapters of…
Today Scotiabank released its Net-Zero Pathways Report outlining its next steps regarding its net zero commitment.
Reaction quote:
“There’s nothing in these plans that will see Scotiabank reduce the tens…
Today the Toronto Dominion Bank (TD) released its next steps on its climate plan as part of its Task Force on Climate-Related Financial Disclosures (TCFD) reporting.
Summary quote:
“Unfortunately, TD…
Today the Bank of Montreal (BMO) released the next steps of its climate commitments, a week after RBC. Here is our reaction, with some high-level highlights:
"BMO moved to the…
It’s almost enough to make you think the bank doesn’t take shareholder opinion seriously. Rather than issue a specific defense of how its “sustainable investment” practices allow it to fund…
Today the Royal Bank of Canada (RBC) released the next steps of its climate plans as part of its Task Force on Climate-related Disclosures (TCFD) 2021 report.
While there are…
When is sustainable finance not sustainable finance? This sounds like a nerdy and unfunny joke, but let’s give the punchline anyway: When it’s given to companies increasing emissions during the…
Today the German group Urgewald released a bombshell of a report on coal financing, showing that banks provided loans and underwriting of US$1.5 trillion to companies on the Global Coal…
Over the past few months, we’ve engaged each of the five largest Canadian banks on their climate work. We’ve filed a few shareholder proposals, at least one of which will…