Climate Engagement Canada (CEC) looked at 40 of Canada’s
largest corporate emitters and found a mixed bag. Most are
improving their climate-related disclosures, but none are
backing up decarbonization strategies with spending
commitments.
Of the companies reviewed, Empire Co. Ltd. (Sobeys, Safeway)
and Canadian National Railway Co. had the best scores, having
set net-zero emissions targets with medium and long-term
goals to reach the targets.
Companies with the lowest scores included two fuel
distribution companies Alimentation Couche-Tard Inc. (Circle
K) and Superior Plus Corp. (Superior Propane), and two
Calgary-based oil and gas companies, ARC Resources Ltd. and
Whitecap Resources Ltd. Stelco Holdings Inc. (steel, Hamilton)
had the worst score, receiving no marks in any category.
Patricia Fletcher, of the Responsible Investment Association, a
founding CEC organization, states, “You set your targets and
your goals, but are your actions supporting them? That’s really
where the rubber is going to hit the road with all of this.”
To: companies that are taking action. Encourage that progress.
Cc: companies that are lagging. Ask them to do set concrete targets
to reduce emissions and to sufficiently fund those efforts. Your MP
and the reporter are also copied.
Your email will go to the following people:
To Michael Medine, President and Chief Executive Officer,
Empire Co. Ltd.
Jonathan Abecassis, CN Media Relations, Canadian National
Railway Co.
Cc Lisa Koening, Communications globales, Alimentation
Couche-Tard Inc.
Adam Kurnik, Manager, Corporate Finance & Investor
Relations, Superior Plus Corp.
Terry Anderson, President and Chief Executive Officer, ARC
Resources Ltd.
Grant Fagerheim, President and Chief Executive Officer,
Whitecap Resources Ltd.
Alan Kestenbaum, Executive Chairman and CEO, Stelco
Holdings Inc.
Climate Investment Canada
Jeffery Jones, ESG and Sustainable Finance Reporter, Globe
and Mail
Your MP
Bcc: actions@MediaAMP.ca
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