Canadian Investment Review – Seeking to tighten regulations for proxy advisory firms would imply that these firms are doing something wrong, says Kevin Thomas chief executive officer of the Shareholder Association for Research and Education. He says this isn’t the case.
SHARE is seeking a Senior Analyst (Climate & Environment) responsible for research, analysis, and advocacy in support of SHARE’s shareholder engagement program on environmental, social and governance issues. Please submit a cover letter and resume to [email protected] by 5pm on December 13, 2019.
Globe & Mail – The shareholders of Waste Connections Inc. demonstrated that one female director on a corporate board is, in their eyes, no longer enough.
Globe & Mail – Canadian companies have steadily, but slowly, added women to their boards and executive ranks over the past decade as they respond to pressure from shareholders. The shift has been due in large part to regulations that forced them to disclose their gender diversity and explain how they intend to improve it.
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.
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