Canadian institutional investors voted in favour of nearly 65 per cent of climate-related shareholder proposals with their portfolio companies last year, compared to just over 50 per cent in 2023, according to a report by Investors for Paris Compliance. (The Logic)
Talking point: The results reflect voting that happened before Donald Trump was re-elected U.S. president and triggered financial institutions and asset managers in the U.S. and Canada to walk back climate commitments. A recent report from consulting firm Millani, however, found that Canada’s institutional investors still view climate change as a significant climate risk and intend to keep pressing portfolio companies to address it.