'Spicy shift’: Canadian asset managers withhold director votes over climate inaction

Author Diane Berard
More than one-third of asset managers belonging to Climate Action 100+ and Climate Engagement Canada voted for more accountability from board members

Why It Matters

Canada is not on target to reduce its carbon emissions to an agreed-upon level by 2030, and shareholder pressure is an underused strategy to enact change.

A new report shows that more than one-third of asset managers withheld their votes for companies’ directors due to their failure to address climate change in 2024.

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