Dollarama, Inc. | Advisory vote on environmental policies at Dollarama, Inc.

Status
AGM passed
AGM date
Previous AGM date
Proposal number
5
Resolution details
Company ticker
DOL
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Other ask
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Consumer Discretionary
Company HQ country
Canada
Resolved clause
"“It is proposed that the corporation hold an annual advisory vote on its environmental and climate objectives
and action plan.” "
Supporting statement
"“Since the adoption of amendments to the Canada Business Corporations Act (CBCA) in 2019, directors
have been able to consider, among other factors, the interests of shareholders, employees, creditors,
consumers, governments and the environment in their decision-making. More recently, a bill was introduced
in the Senate, which is now known as the 21st-Century Business Act (Bill S-2857
), proposing substantive
amendments to the CBCA. This legislative proposal defines the “raison d'être” of corporations and links the
fiduciary duties of directors and officers to this new concept. According to the proposal, a corporation’s
“raison d'être” would be:
“to pursue its best interests while also ensuring:
 to provide benefits to the community and the environment commensurate with its size and the
nature of its operations;
 to reduce, with a view to complete elimination, any harm it may cause to the community and
the environment”
This legislative concern for environmental issues reflects the growing concern of shareholders and society
at large regarding environmental issues and the impact organizations can have on the environment.
We are therefore asking the corporation’s board of directors to reconsider its position with regards to its
proposal"

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