2020 was a year of unprecedented economic and social disruption. Against this backdrop, there has been transformative global momentum in the integration of ESG factors into investment decision-making, corporate disclosure, and government policy. This piece explores the ESG-related advancements that occurred in 2020 and the outlook for ESG in 2021.
Many companies are struggling with providing ESG disclosure that meets the needs of their investors. ARC Resources recently released their 2020 ESG Report and the report sets a new bar for investor-focused ESG disclosure. This interview discusses some of ARC's key ESG accomplishments, the company's ESG strategy, the thinking behind the decision to produce an investor-focused ESG report (including TCFD aligned climate-related financial disclosure) and the implications this decision had on the typical reporting process.
There is a significant global trend toward the adoption of ESG-related regulations. This piece discusses how ESG regulations in other markets can impact Canadian companies and institutional investors, and how Canadian companies should respond.
Climate-related disclosures have steadily increased since the TCFD Recommendations were released, but they still have a long way to go. This piece discusses how qualitative scenario analysis has emerged an important stepping stone for companies striving towards full implementation of the TCFD and offers tips for companies looking to get started on climate scenario analysis.
In advance of the 2020 proxy voting season, large investors have made some key updates to their proxy voting guidelines. Investors are increasingly willing to hold companies accountable for a lack progress on ESG issues and to reinforce their ESG priorities through the exercise of shareholder voting rights. This piece highlights some of these key updates.
As cannabis companies grow, they will need to attract the large pools of patient capital offered by institutional investors who are increasingly taking ESG into consideration in investment decision-making. This piece discusses some of the risks and opportunities faced by the industry and how company boards can advance ESG.
Institutional investors have significant influence on proxy voting outcomes. But do companies understand how their institutional investors actually vote their shares? This piece offers important insights into the proxy voting process and how investors actually exercise their voting rights as part of their overall approach to ESG.
The terms “ESG” (Environmental, Social and Governance) and “CSR” (Corporate Social Responsibility) are often used interchangeably. However, they are distinctly different and it is important for companies to understand the difference given investors' focus on ESG. This piece clarifies the difference between the two terms and the implications for companies with respect to reporting and oversight of material ESG factors.