Climate advocacy group Investors for Paris Compliance to shut down
Investors for Paris Compliance, a climate advocacy group, is shutting down after five years of efforts to influence corporate Canada towards net-zero commitments. The group concluded that shareholder activism alone cannot drive the systemic change needed, which must be led by governments and regulators. Despite their closure, the organization believes it has made a positive impact on corporate climate disclosures and expectations.
- ▪Investors for Paris Compliance was established in 2021 to promote corporate accountability for climate commitments.
- ▪The group has decided to close as climate issues have diminished in national priority and corporate messaging has softened.
- ▪I4PC's efforts have led to improved climate-related disclosures in the banking sector, but they acknowledge that more systemic change is needed.
Opening excerpt (first ~120 words) tap to expand
Open this photo in gallery:Investors for Paris Compliance executive director Matt Price near Duncan, B.C., in 2024. The climate advocacy group is shutting down.Chad Hipolito/The Globe and MailShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountMatt Price established Investors for Paris Compliance in 2021 to test whether the tools of shareholder activism could push corporate Canada to live up to its net-zero pledges. Now, Mr. Price and his team have concluded that the answer is no. At least not to the point of bringing about the systemic change needed to achieve the country’s national climate commitments.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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