Bombardier Inc. | Directors’ environment and climate change competencies at Bombardier Inc.

Status
AGM passed
AGM date
Proposal number
4
Resolution details
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
  • Governance
ESG sub-theme
  • Climate change
Type of vote
Shareholder proposal
Filer type
Shareholder
Company sector
Industrials
Company HQ country
Canada
Resolved clause
It is proposed that Bombardier enhance the skills matrix for its directors to take specific account of experience and expertise in environmental and climate change issues.
Supporting statement
The Canada Business Corporations Act was amended in 2019 to include a non-exhaustive list of factors that companies may consider when determining what is in the company’s best interests: the interests of shareholders, employees, retirees and pensioners, creditors, consumers and governments, the environment and the company’s long-term interests. The latest edition (2023) of the Globe and Mail’s Board Games[1] introduced two new criteria for assessing board performance: inclusion of climate expertise in the skills matrix of the companies being evaluated, and the training provided to directors in this field. A number of institutional investors also consider the role played by the board of directors and its committees in their review of corporate governance practices. The directors’ skills matrix refers to competencies in corporate social responsibility and covers all ESG factors. However, this expertise in climate change and the environment requires specific knowledge that deserves special attention. Bombardier recently stood out by becoming the only business jet manufacturer to publish the environmental footprint of its entire aircraft portfolio. The company could serve as a model by amending its skills matrix to reflect its environmental and climate change policies.

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