Solar panel manufacturer refuses to circulate Catherine Donnelly Foundation proposal, then commits to independent review of forced labour allegations.
Shareholder proposals on labour rights, racial equity, and reconciliation, submitted by Canadian religious investors received strong shareholder support in May. In addition, two proposals—one on racial equity in lending practices and one on reconciliation—were withdrawn after reaching agreement with the companies at which they were filed. In a rare move, one company refused to circulate a shareholder proposal on forced labour, but subsequently agreed to take some of the steps requested in the proposal. The proposals were the result of SHARE’s on-going engagement with companies on behalf of institutional investors, including 20 religious organizations.