Laurentian Bank of Canada | Social Dividend and Better Value Distribution at Laurentian Bank of Canada

Status
Filed
AGM date
Previous AGM date
Proposal number
6
Resolution details
Company ticker
LB:CN
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Social
  • Governance
ESG sub-theme
  • Other
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is proposed that the Board of Directors reflects on the creation of a social contribution to dedicate a
percentage of earnings to the support of ESG causes, including environment and inequalities.
Supporting statement
Given the magnitude of the climate crisis and deepening inequalities, we propose the creation of a new kind
of dividend to extend the distribution of some of the value created by the organization to projects with high
social and environmental impact.
As shown by Crédit Mutuel (France) and MAIF (a mutual insurance fund for teachers in France12), sums
thus released could be devoted to the ecological, climate and social transition. For example, it would make
it possible to have stakes in businesses that, although they might not have an immediate profitability
objective, have a positive impact on environment and inclusion, and thus invest in energy-efficient
renovations or bicycle storage areas in cities, support customers and potential customers that are
economically vulnerable and most exposed to climatic events, and grant interest-free loans that will bring
energy-efficient renovations to low-income customers, for example.
Given the percentage of votes received in support of this shareholder proposal in the past, we are
submitting it again

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