Climate change considerations are looming large in corporate boardrooms as directors grapple with emerging reporting rules.
The latest development came last week with Mark Carney’s announcement at the COP26 summit in Glasgow of the Global Finance Alliance for Net Zero (GFANZ), whose signatories, including major Canadian banks, have committed to achieving net-zero carbon emissions across their assets by 2050. That means clients seeking investments or loans from banks (not to mention insurance companies, pension funds, etc.) will also have to have their reporting ducks in a row.
Most of Canada’s big banks have begun setting their own net-zero goals earlier. For them, as for all corporations, effective climate governance…
The rocket-like rise of the tech titans has triggered a competition policy response from many of Canada’s largest trading partners, largely owing to populist angst over alleged market power and privacy concerns. In Europe and the United States, myriad proposals driven by a “big is bad” mantra seek new laws and regulations to tame the more successful digital platform companies. Traditional laissez-faire policies that have enabled unprecedented economic growth face the prospect of a deep chill should these proponents succeed in creating greater marketplace equality for businesses at the expense of consumer welfare. Competition rules that would punish successful enterprises to pursue nebulous notions of “fairness” put at risk incentives…
Que fait votre argent pour sauver la planète alors que s’ouvre la COP26, la conférence de la dernière chance pour limiter le réchauffement climatique?
Une bonne partie de votre épargne, celle qui assure(ra) votre chèque du Régime de rentes du Québec, est gérée par la Caisse de dépôt et placement, qui a récemment décidé de vendre ses dernières actions dans le pétrole, mais de conserver celles dans le gaz naturel et les pipelines.
La Caisse est l’une des 295 institutions financières de 40 pays qui, collectivement, gèrent des actifs supérieurs à 90 000 milliards de dollars américains, et qui se sont engagées à atteindre la carboneutralité de leur portefeuille d’ici 2050, à se fixer une cible intérimaire pour 2030, à…
