Laurentian Bank of Canada | Circular economy at Laurentian Bank of Canada

Status
14.05% votes in favour
AGM date
Previous AGM date
Proposal number
9
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
  • Environment
ESG sub-theme
  • Waste and pollution
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Financials
Company HQ country
Canada
Resolved clause
It is proposed that the Bank reprots on the the loans it granted in the past few years in support of the circular economy.
Supporting statement
We have noted your environmental initiatives. Houwever, our proposal aims to inform all stakeholdrs on the loans granted in support of the curcular economy. For several years, the United Nations Environmental Program (UNEP) has been calling for an urgent decoupling of natural resource use and environmental impacts from economic growth, stressing the unprecedented degradation of ecosystems and the ever-increasing greenhouse gas (GHG) emissions. It should also be reminded that on a global scale, not even 9% of extracted resources are being reintegratedin the economy after an initial cyclec of use. We therefore feel strongly about the discslosure of this information. It will enable the Bank to set circular economy financing objectives and report on the achievment on these objectives in its annual reports.

DISCLAIMER: By including a shareholder resolution or management proposal in this database, neither the PRI nor the sponsor of the resolution or proposal is seeking authority to act as proxy for any shareholder; shareholders should vote their proxies in accordance with their own policies and requirements.

Any voting recommendations set forth in the descriptions of the resolutions and management proposals included in this database are made by the sponsors of those resolutions and proposals, and do not represent the views of the PRI.

Information on the shareholder resolutions, management proposals and votes in this database have been obtained from sources that are believed to be reliable, but the PRI does not represent that it is accurate, complete, or up-to-date, including information relating to resolutions and management proposals, other signatories’ vote pre-declarations (including voting rationales), or the current status of a resolution or proposal. You should consult companies’ proxy statements for complete information on all matters to be voted on at a meeting.