Focus On Climate Polluters Welcome
Shift Action for Pension Wealth & Planet Health welcomes the release of the Climate Engagement Canada (CEC) Focus List of 40 TSX-listed companies that Canadian finance institutions will engage strategically on their climate change actions. It says this is an important effort from some of Canada’s largest finance institutions to engage with many of Canada’s largest climate polluters to seek required organizational changes in the face of a worsening global climate crisis. In spite of frequent messaging from Canada’s finance institutions on the importance of climate engagement, there has been very little disclosure on meaningful engagement activities and their impacts on companies’ approach to climate change. The CEC plans to set expectations for companies, leveraging the collective power of multiple stakeholders to influence corporate behaviour.