Saputo Inc. | Advisory Vote on the Environment at Saputo Inc.

Status
Filed
AGM date
Proposal number
2
Resolution details
Company ticker
TSE: SAP
Lead filer
Mouvement d'éducation et de défense des actionnaires (MÉDAC)
Resolution ask
Adopt or amend a policy
ESG theme
  • Environment
ESG sub-theme
  • Climate change
Filer type
Shareholder
Company sector
Consumer Staples
Company HQ country
Canada
Resolved clause
It is proposed that Saputo Inc. offer its shareholders an annual advisory vote on the company’s environmental policies and commitments, which should be presented in a structured ESG report.
Supporting statement
The report should include: • the goals for reducing greenhouse gas (GHG) emissions, • the commitments to the sustainable use of water, management of agricultural land and waste treatment, • the measures taken to manage physical and regulatory risks related to climate change, • the integration of environmental criteria in strategic decisions and the supply chain. Let us recall that this vote would be non-binding but would constitute a modern governance tool enabling shareholders to provide annual feedback on the company’s environmental performance. As a leader in the dairy agri-food industry, Saputo is exposed to structural environmental risks, such as: • methane emissions from dairy production, • high consumption of water and energy in processing plants, • risks related to the resilience of agricultural supply chains in a changing climate, • increased market pressure for transparent ESG indicators. In this context, regular reports to shareholders are essential to maintain trust. In the past, this proposal has received over 6% of the votes cast.

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