May 31, 2021 – It is with a heavy heart and many tears that we add our voice to those across Turtle Island who mourn for the 215 young spirits finally located last week in Kamloops, British Columbia. We grieve with the Tk’emlúps te Secwépemc Nation and the families of the lost children.
At its Annual General Meeting on May 12, 2021, shareholders of the Texas-based oil company Phillips 66 voted strongly in favour of a resolution to align its lobbying activity with the Paris Accord. This proposal was co-filed by SHARE, for the second year in a row, on behalf of the Fonds de Solidarite FTQ. Despite the company recommending against the proposal, the vote passed with a considerable show of support.
Following productive dialogue with the company, we are pleased to announce that the board of directors of the TMX Group has agreed to jointly support a resolution on reconciliation and Indigenous relations filed by SHARE on behalf of the Atkinson Foundation.
In advance of Chartwell’s upcoming AGM, SHARE recommends shareholders vote for the proposal asking for greater transparency on human capital management and withhold votes for the election of Michael Harris as Chairman of the Board,
In November 2020, SHARE asked whether TD Bank’s announcement of its new climate plan would “raise the bar” for Canadian banks. Four months later, all of Canada’s five largest banks have committed to measuring and disclosing their “financed emissions.”
We hope SHARE’s joint submissions will help Canada develop a new framework for corporate governance that gives real meaning to broader fiduciary duties requiring corporate directors to take workers, retirees and the environment into account in their decision-making.
UNIE is a coalition of Canadian university endowments and pension plans. It was launched today, through SHARE, to engage investee corporations on climate change risks.
The Ontario Capital Markets Modernization Taskforce has come back with 70 final recommendations and on the whole, the push for improved ESG disclosure is a positive one despite not mandating additional relevant environmental and social disclosures put forward by SHARE and others.