Power Corporation of Canada | To conduct an annual advisory vote of environmental policies at Power Corporation of Canada

Status
AGM passed
AGM date
Previous AGM date
Proposal number
5
Resolution details
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Governance
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Energy
Company HQ country
Canada
Resolved clause
Resolved: It is proposed that the Corporation adopt a policy regarding an annual advisory vote on its environmental and climate objectives and action plan.
Whereas clause
Whereas: According to an online survey[1] by Léger Marketing and The Association for Canadian Studies for The Canadian Press in October 2022, 70% of Canadians are worried or very worried about climate change. The high percentage of votes cast in favour of our proposal regarding a shareholder consultation on this matter reflects this concern across Canada. This vote is also surely an expression of the shareholders’ questioning of the scope of the Corporation’s actions to create a better environment. The recent forest fires and floods of the past year are far from alleviating these concerns, and it is safe to assume that events such as those will only exacerbate them. We have little time left to clean up our environment and leave future generations a better place to live. It is therefore important for shareholders to be allowed to express their opinion on the scope of the actions our organizations wish to take over the next few years, and to push for greater proactivity.

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