Responsible Investor – Concerns with decent work, inclusion, productivity and sustainable business practices are unavoidable when a corporation is faced with economic challenges that test its resilience. That’s not a distraction from the crisis – it’s the solution to our recovery.
The theme of this year’s World Water Day was “Water and Climate Change” – a connection that fits neatly with SHARE’s work in recent years on shareholder engagement and policy work related to water. One thing that COVID-19 has made clear is that there is enormous capacity for coordinated global action – when there is the impetus and will to do so.
Following a longstanding engagement between SHARE and Cenovus Energy Inc., the company has committed to reducing its greenhouse gas (GHG) emissions intensity by 30% by 2030 and to keep absolute GHG emissions flat during that same period. It also announced an “ambition” of reaching net zero emissions by 2050.
GreenMoney -Within the investment world, reconciliation in Canada is largely in its infancy. As a result, in 2015, we founded the Reconciliation and Responsible Investment Initiative, which aims to align capital with Indigenous values.
At SHARE we have been thinking about how our work to build a sustainable economy fits into and is impacted by the unfolding crisis. We are looking at companies’ pandemic responses that include valuing decent work practices for all employees.
What happens, in the event of insolvency, to unreclaimed wellsites, tailings ponds, and other lands affected by oil exploration? Learn about the recommendations from SHARE.
SHARE’s CEO, Kevin Thomas, provides an update on measures our organization is taking in response to COVID-19, as well as preparation for its economic aftershocks.
Mondaq – Concerns over the Coronavirus have prompted issuers to examine whether to hold their upcoming shareholder meetings through electronic means, a format that has seen remarkably slow adoption in Canada.
Corporate Secretary – On the shareholder proposals front in 2019, the Shareholder Association for Research and Education and ISS counted 84 shareholder proposals submitted at 32 companies, excluding TSX-listed issuers that are US domestic issuers.
Holding an electronic shareholders’ meeting is a sensible precaution to take in the face of the coronavirus pandemic. However, SHARE is concerned that companies may continue to hold virtual shareholders’ meetings once the threat has passed, making virtual meetings their new normal.