A proposal calling on the Board of Directors to oversee a third-party assessment of the effectiveness of policies and procedures in protecting against forced labour, including in the Xinjiang Uyghur Autonomous Region, has been omitted.
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We write to you as Meta Platforms, Inc. shareholders representing US $2.7 trillion in assets under management or advisory. We are writing to draw your attention to shareholder concerns with what we view as inadequate corporate governance practices.
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Letter from CEO, Kevin Thomas on the proposed National Instrument 51-107, Disclosure of Climate-related Matters, and its companion policy. The letter addresses concerns related to disclosure stipulations, scenario analysis, and ESG considerations in the context of climate, decent work, and reconciliation.
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SHARE helped to convene a group of Canada’s largest pension investors and asset management firms to present proposals to Ontario’s Capital Markets Modernization Task Force, working together to encourage Canadian regulators to take up improved environmental, social and governance (ESG) disclosure requirements, improve corporate diversity, and address climate change.
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SHARE CEO Kevin Thomas comments on the rules proposed by the Securities and Exchange Commission (SEC) on November 5th, 2019. SHARE believes both proposals are arbitrary, costly, counter-productive and detrimental to the workings of capital markets and the private ordering of shareholder and management relationships.
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SHARE is concerned with the potential change in practice at the SEC in which some “no action” requests would not receive a written decision.
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SHARE believes there is a clear business case for addressing the gender pay gap and recommends the Government look to other jurisdictions that have already implemented gender pay gap reporting for experience in designing effective and reasonable regulations.
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SHARE responded to a consultation by the International Organisation of Pension Supervisors (IOPS) on the supervisory guidelines on the integration of ESG factors in the investment and risk management of pension funds.
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Following discussions with Innovation, Science and Economic Development (ISED) Canada and Finance Canada, SHARE wrote a follow-up letter proposing extending clawback provisions to allow the recovery of company dividends, executive compensation and other extraordinary payments made, in order to protect workers’ retirement savings in light of insolvencies.
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SHARE would like to offer comments and recommendations regarding Ontario’s proposed Cap and Trade Cancellation Act. As long-term institutional investors, SHARE and our clients are taking action to address climate risks and opportunities in our portfolios and seeking ways to shift capital towards the low-carbon transition. In order to limit the threat of severe, widespread and irreversible impacts, as well as pave the way for a sustainable and prosperous future, there is an urgent need for Ontario to reduce GHG emissions and transition to a low-carbon economy.
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A statement from a group of 129 Canadian and global institutional investors with $2.3 trillion assets under management urging the Government of Canada to enact legislation to help identify and eliminate forced labour and child labour in supply chains through effective company due diligence and disclosure.
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SHARE offers comments and recommendations regarding the OSC’s Draft Statement of Priorities on promoting confidence in Ontario’s capital markets, reducing regulatory burden and strengthening our organizational foundation.
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