philanthropic organizations are grappling with how to shift entrenched structures to address racial equity and justice within their own organizations and in the communities they serve. So what can foundations do to improve racial justice and equity in their investments?
This week, over 200 corporate leaders across Canada have taken part in the inaugural BlackNorth Initiative and pledged their organizations to policies and specific targets to address systemic anti-Black racism. Among the participants were Canada’s top decision-makers in business from a broad range of sectors, including major finance companies and institutional investors.
The 2019 SHARE Annual Report highlights how SHARE’s growing network has actively advocated for sustainability, good corporate governance and social inclusion through shareholder engagement, policy advocacy, proxy voting, and peer education.
Two vote results at the Tim Hortons parent company make it clear that the company needs to take action on decent work oversight across its operations, including franchises.
In 2019, the majority of independent shareholders voted for a resolution asking the board of directors to report on the actions the company has taken to uphold decent work practices across its owned and franchised operations but the company has refused to implement the proposal.
Because this crisis is having devastating and unequal impacts on workers in global supply chains, inaction is not an option. What happens now in global supply chains is part and parcel of business continuity issues for retailers and brands, not a separate and isolated issue.
The resolution at Brookfield Asset Management recommends the company assign accountability to a board committee and amend the committee’s charter to monitor human capital management policies and disclosure and evaluate the disclosure of workforce metrics to shareholders.
In the past few weeks, we have seen how COVID-19 poses greater risks to Indigenous Peoples relative to the settler population as a whole. Reconciliation and Indigenous rights continue to be a priority at SHARE as we monitor corporate responses to the crisis.
SHARE issued an open letter to the CEOs of two of Canada’s largest residential property owners: Starlight Investments and Northview REIT. Starlight, one of Canada’s largest landlords will grow further if a proposed deal goes through to acquire Northview. We outline two fundamental areas of concern for responsible investors regarding real estate investment, and ask the company’s to outline their plans.