Laurentian Bank of Canada | Materiality matrix at Laurentian Bank of Canada

Status
Withdrawn
AGM date
Previous AGM date
Proposal number
8
Resolution details
Company ticker
LB:CN
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Report on or disclose
ESG theme
  • Governance
ESG sub-theme
  • Corporate purpose
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is proposed that the Bank include, in its annual social responsibility report, a materiality matrix to better understand the sustainability topics of the Bank in relation to the priorities of the institution and the expectation of its stakeholders.
Supporting statement
Your response t oour 2021 proposal about the Bank's purpose (that received a 11.95% support rate among shareholders) allows us to be certain that you will include the Bank's purpose and mission oversight responsibility in the charter of the board of directors. Your response also leads us to believe that you are seeking input from shareholders and investor groups throughout the year on a variety of topics. including the Bank's approach to corporate governance, your approach and strategies relating to the environment, diversity and inclusion, as well as financial performance and strategy. It would be appropriate for all stakeholders to be informed of the results of this consultation about their interests and the alignment of thise interests wit hthe priorities of the Bank. In this regard, we are clarifying our request by asking you to further expand on your [sustainability] topics with the addition, in your social responsibility report, of a matri about the materiality of your topics in relation to their significance to the Bank and to the stakeholders [see BMO Sustainability Report, pagae 13] (in accordance with the approach prescribed by the Global Reporting Initiative (GRI)).

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