Investors not walking the talk when voting on climate commitments: report
BNN Bloomberg
A report from an investor-focused advocacy group raises questions about how well some of Canada's biggest investors are meeting their climate commitments.
The report from Investors for Paris Compliance (IPC) looks at the voting records on shareholder proposals by 19 Canadian members of Climate Action 100+, a global coalition with around 700 members representing over $68 trillion in assets under management.
The coalition is built on the principle that investors' engagement with companies on climate disclosure and emission reduction strategies essential to achieving the goals of the Paris agreement, and is consistent with their duties as investors.
But the IPC report found that Canadian coalition members took widely differing approaches to the shareholder voting aspect of those efforts, with the likes of Bâtirente, Vancity and Genus Capital Management either supporting or abstaining from all the shareholder proposals they voted on, while others like AIMCo, RBC Global Asset Management, and Guardian Capital LP voted against all of the 14 Canadian proposals analyzed.
