Broadview – Marie Kondo-ing our portfolios just makes us good at avoiding risks. Divesting from from sectors and companies may be an appealing approach to responsible investment because it removes responsibility from our lives, or at least our portfolios. It becomes someone else’s problem. Real social and environmental change is never comfortable and safe.
Benefits & Pension Monitor – Green banking initiatives have not changed lending and investment practices, says a report from Boston Common Asset Management in partnership with a number of regional partners, including its Canadian partner SHARE. It finds that, despite an explosion of risk assessment tools and green banking industry initiatives in recent years, practical change in the financial sector remains elusive.
SHARE is seeking a Director of Shareholder Advocacy to lead the organization’s shareholder engagement and policy advocacy program. Please submit a cover letter and resume to [email protected] by 5pm (Pacific) on November 29, 2019.
Globe & Mail – Canadian securities regulators struggled this summer when they decided to issue new guidance on climate change-related disclosures for issuers. The regulators were clearly searching for a way to provide investors with useful information on an unprecedented systemic risk while still working within our existing continuous disclosure framework.
Even as some energy sector leaders publicly endorsed the Paris Agreement, they engaged in intensive direct lobbying and financed trade associations, think tanks or political campaigns that hindered development of effective climate regulations. The misalignment between corporate rhetoric and political advocacy also constitutes a material risk for investors.
Urgently, banks must fully integrate climate change considerations into their business strategies, lending policies and practices to enable Canada to reduce its greenhouse gases in a way that limits the harmful impacts of climate change. Over the past several years, SHARE has been engaging with Canadian banks, asking them to do just this – and we are seeing some positive momentum begin to take shape
NationTalk – There is a massive change afoot in the economic picture for Indigenous peoples in Canada, based on solid entrepreneurship, a growing and able young population, visionary leadership, own-source capital and strong networks to scale up that potential. Yet that potential will only be fully realized if other investors, especially institutional investors, latch on to that opportunity and foster it.
Business in Vancouver – Asset owners, financial services providers and investment managers are positioned to influence investor and executive behaviour through environmental, social and governance mandates.
A new report, Moving Capital, Shifting Power, profiles how investors can support Indigenous training, employment, contracting, advancement and business development opportunities.