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Company Information
Sector
Consumer Staples
ISIN
CA5394811015
Year Added To Focus List
2022
Legend
Yes, meets all criteria
No, does not meet any criteria
Partial, meets some criteria
Not Available
Not Currently Assessed
Previous Assessments
Notes
Sub-indicator 5.2 of the Disclosure Framework was omitted from the assessment this year as the Canadian Transition Taxonomy has not yet been published and is required to assess this indicator.
Legend
Yes, meets all criteria
No, does not meet any criteria
Partial, meets some criteria
Not Available
Not Currently Assessed
No, does not meet any criteria*
*Indicates Year 1—recognizing investor engagement is in its early stages.
The disclosure benchmark evaluates corporate disclosure in relation to key actions companies can take to align their businesses with the Climate Engagement Canada and Paris Agreement goals. The benchmark reflects publicly disclosed information as of June 1st, 2024.
The company has set an ambition to achieve net zero GHG emissions by 2050 or sooner.
The company has made a qualitative net zero GHG emissions ambition statement that includes all (or nearly all) Scope 1 and 2 emissions (i.e.,
direct operations).
The company’s net-zero GHG emissions ambition covers the most relevant Scope 3 GHG emissions categories for the company’s sector, where applicable.
Long-term target: The company has set a target for reducing its GHG emissions between 2036 and 2050.
Scope of long-term target: The long-term (2036 to 2050) GHG reduction target covers at least 95% of Scope 1 & 2 emissions and the most relevant Scope 3 emissions (where applicable)
The company has specified that this target covers at least 95% of its total Scope 1 and 2 emissions.
Where applicable, the company’s Scope 3 GHG emissions target covers at least the most relevant Scope 3 emissions categories for the sector, and the company has published the methodology used to establish the Scope 3 target.
Long-term alignment to 1.5°C: The company’s last disclosed carbon intensity OR its short-term or medium-term targeted carbon intensity OR the company’s expected carbon intensity derived from their long-term GHG target is aligned with or below the relevant sector trajectory needed to achieve the Paris Agreement goal of limiting global temperature increase to 1.5° Celsius with low or no overshoot in 2050.
In the case of electricity utility companies, the relevant year of long-term alignment is 2040. This is equivalent to IPCC Special Report on 1.5° Celsius pathway P1 or net zero emissions by 2050.
Medium-term target: The company has set a target for reducing its GHG emissions by between 2027 and 2035.
Scope of medium-term target: The medium-term (2027 to 2035) GHG reduction target covers at least 95% of Scope 1 & 2 emissions and the most relevant Scope 3 emissions (where applicable).
The company has specified that the target covers at least 95% of its total Scope 1 and 2 emissions.
If the company has set a Scope 3 GHG emissions target, it covers the most relevant Scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any Scope 3 target.
Medium-term alignment to 1.5°C: The company’s last disclosed carbon intensity OR its short-term or medium-term targeted carbon intensity OR the company’s expected carbon intensity derived from their long-term GHG target is aligned with or below the relevant sector trajectory needed to achieve the Paris Agreement goal of limiting global temperature increase to 1.5° Celsius with low or no overshoot in 2035.
This is equivalent to IPCC Special Report on 1.5° Celsius pathway P1 or net zero emissions by 2050.
Short-term target: The company has set a target for reducing its GHG emissions between 2023 and 2026.
Scope of short-term target: The short-term (up to 2026) GHG reduction target covers at least 95% of Scope 1 & 2 emissions and the most relevant Scope 3 emissions (where applicable).
The company has specified that the target covers at least 95% of its total Scope 1 and 2 emissions.
If the company has set a Scope 3 GHG emissions target, it covers the most relevant Scope 3 emissions categories for the company’s sector (for applicable sectors), and the company has published the methodology used to establish any Scope 3 target.
Short-term alignment to 1.5°C: The company’s last disclosed carbon intensity OR the company’s expected carbon intensity derived from their short-term GHG target is aligned with or below the trajectory (for its respective sector) to achieve the Paris Agreement goal of limiting global temperature increase to 1.5°Celsius with low or no overshoot (equivalent to IPCC Special Report on 1.5° Celsius pathway P1 or net zero emissions by 2050) in 2026.
Strategy to meet GHG reduction targets: The company has a decarbonisation strategy that explains how it intends to meet its long and medium-term GHG reduction targets.
The company identifies the set of actions it intends to take to achieve its GHG reduction targets over the targeted timeframe. These measures clearly refer to the main sources of its GHG emissions, including Scope 3 emissions where applicable.
The company quantifies key elements of this strategy with respect to the major sources of its emissions, including Scope 3 emissions where applicable (e.g. changing technology or product mix, supply chain measures, R&D spending).
Climate solutions commitment: The company’s decarbonisation strategy specifies the role of climate solutions (i.e., low-carbon technologies, infrastructure or other activities which help displace fossil fuels).
The company discloses the revenue it already generates from climate solutions and discloses their share in overall sales.
The company has set a target to increase the share of revenue from climate solutions in its overall sales.
Future capex alignment: The company is working to decarbonise its capital expenditures.
The company explicitly commits to align its capital expenditure plans with its long-term GHG reduction target OR to phase out planned expenditure in unabated carbon intensive assets or products.
The company explicitly commits to align its capital expenditure plans with the Paris Agreement’s objective of limiting global warming to 1.5° Celsius AND to phase out investment in unabated carbon intensive assets or products.
Methodology for alignment: The company discloses the methodology used to determine the Paris alignment of its future capital expenditures.
The company discloses the methodology and criteria it uses to assess the alignment of its capital expenditure plans with decarbonisation goals, including key assumptions and key performance indicators (KPIs).
The methodology quantifies key outcomes, including the percentage share of its capital expenditures that is invested in carbon intensive assets or products, and the year in which capital expenditures in such assets will peak.
Advocacy position aligned with Paris Agreement: The company has a Paris Agreement-aligned climate advocacy position and all of its direct advocacy activities are aligned with this.
The company has a specific commitment/position statement to conduct all of its advocacy in line with the goals of the Paris Agreement.
The company lists its climate-related lobbying activities, e.g. meetings, policy submissions, etc.
Trade association advocacy consistency: The company has Paris Agreement-aligned advocacy expectations for its trade associations, and it discloses its trade association memberships.
The company has a specific commitment to ensure that the trade associations the company is a member of lobby in line with the goals of the Paris Agreement.
The company discloses its trade associations memberships, policy submissions, and grassroots lobbying communications.
Process to ensure trade association Paris Agreement alignment: The company has a process to ensure its trade associations lobby in accordance with the Paris Agreement.
The company conducts and publishes a review of its trade associations’ climate positions/alignment with the Paris Agreement
The company explains what actions it took as a result of this review.
Board oversight: The company’s board has clear oversight of climate change.
The company discloses evidence of board or board committee oversight of the management of climate change risks. See the detailed methodology for more information.
The company has named a position at the board level with responsibility for climate change. See the detailed Methodology document for more information.
Remuneration arrangements: The company’s executive remuneration scheme incorporates climate change performance elements.
The company’s CEO and/or at least one other senior executive’s remuneration arrangements specifically incorporate climate change performance as a KPI determining performance-linked compensation (reference to ‘ESG’ or ‘sustainability performance’ are insufficient).
The company’s CEO and/or at least one other senior executive’s remuneration arrangements incorporate progress towards achieving the company’s GHG reduction targets as a KPI determining performance linked compensation (requires meeting relevant target indicators 2, 3, and/or 4).
Board climate-related capabilities/competencies: The board has sufficient capabilities/competencies to assess and manage climate related risks and opportunities.
The company has assessed its board competencies with respect to managing climate risks and discloses the results of the assessment.
The company provides details on the criteria it uses to assess the board competencies with respect to managing climate risks and/or the measures it is taking to enhance these competencies.
Acknowledgment: The company has made a formal statement recognising the social impacts of their decarbonization strategy – the Just Transition – as relevant for its business. It has also acknowledged potential impacts on Indigenous peoples.
The company has publicly acknowledged that implementation of its decarbonization strategy may have impacts on Indigenous communities, Indigenous governments, and/or Indigenous businesses and contractors.
The company has publicly acknowledged that implementation of its decarbonization strategy may have impacts on its workers (including contractors), unions, communities, suppliers, and/or customers.
Planning and Engagement: The company provides evidence of just transition planning and engages with relevant rights holders and stakeholders on the development of these plans.
In the development of its decarbonization strategy, the company has engaged or has a process in place to engage with the Indigenous communities, governments, and/or Indigenous businesses and contractors that may be affected by the implementation of its strategy.
In the development of its decarbonization strategy, the company has engaged or has a process in place to engage with workers (including contractors), unions, communities, suppliers and/or customers that may be affected by the implementation of its strategy.
Commitment: The company has committed to Just Transition principles.
The company has committed to addressing adverse impacts of the implementation of its decarbonization strategy on Indigenous communities, Indigenous governments, and/or Indigenous businesses and contractors.
The company has made a public statement committing to the principles of free, prior and informed consent (FPIC) where Indigenous peoples are affected by its decarbonization strategy. Further, the company has outlined a process to ensure the participation of Indigenous peoples in decisions affecting them is consistent with the effective protection of their fundamental rights.
The company has committed to decarbonize in line with Just Transition principles as set out in the International Labour Organization’s Just Transition Guidelines.
The company has committed to retain, retrain, redeploy, and/or compensate workers (including contractors) affected by implementation of its decarbonization strategy.
The company discloses the quantifiable Key Performance Indicators it uses to track its commitment to a Just Transition.
Support for TCFD recommendations: The company has publicly committed to implement the recommendations of the Task Force on Climate related Financial Disclosures (TCFD).
The company explicitly commits to align its disclosures with the TCFD recommendations OR it is listed as a supporter on the TCFD website.
The company explicitly sign-posts TCFD aligned disclosures in its annual reporting or publish es them in a TCFD report.
Scenario analysis: The company employs climate-scenario planning to test its strategic and operational resilience.
The company has conducted a climate-related scenario analysis including quantitative elements and disclosed its results.
The quantitative scenario analysis explicitly includes a 1.5° Celsius scenario, covers the entire company, discloses key assumptions and variables used, and reports on the key risks and opportunities identified.
C
Partially Aligned
Direct Climate Policy Engagement (Organization Score): The company’s direct engagement supports climate policy required to deliver the goals of the Paris Agreement.
?
This Organization Score (expressed as a percentage from 0 to 100) is a measure of how supportive or opposed the company's direct policy engagement is towards Paris-Agreement aligned climate policy, with 0 being fully opposed and 100 being fully supportive. If the company's Engagement Intensity is below 5% (meaning limited direct policy engagement by the company) InfluenceMap does not compute a score and the company receives an N/A.
61%
Partially Aligned
Indirect Climate Policy Engagement via Industry Associations (Relationship Score): The company’s industry associations support climate policy required to deliver the goals of the Paris Agreement
?
This Relationship Score (expressed as a percentage score from 0 to 100) is a measure of how supportive or obstructive the company's industry associations are towards climate policy aligned with the Paris Agreement, with 0 being fully opposed and 100 being fully supportive. If there is limited evidence of a company's links to industry associations engaging on climate policy, InfluenceMap indicates this with N/A.
65%
Partially Aligned
Intensity Score: Expressed as a percentage score from 0 to 100 this is a measure of the level of policy engagement by the company irrespective of alignment with the Paris Agreement
no, does not meet any criteria
The financial statements demonstrate how material climate-related matters are incorporated.
Examples of affected accounting line items may include:
?
This metric evaluates whether the company’s audited financial statements clearly show how material climate-related issues are reflected in its accounting. These issues may include the physical impacts of climate change (e.g. extreme weather) and the financial effects of the energy transition (e.g. regulatory or market shifts). The metric also considers whether the company’s own climate targets or decarbonization plans affect asset valuations or liabilities.
Examples of affected accounting line items may include:
- Property, plant and equipment
- Intangible assets
- Inventory and investments
- Environmental or decommissioning provisions
- Tax-related assets or liabilities
no, does not meet any criteria
The financial statements disclose the quantitative climate-related assumptions and estimates.
The assumptions that are disclosed should be sufficiently comprehensive to provide a meaningful picture of climate-exposed amounts in the financial statements, in the context of the company’s climate risks, emissions targets and strategy.
The focus is on transparency. Disclosing these inputs help investors assess potential exposure. The assessment does not evaluate whether the assumptions reflect climate risks—only whether they are disclosed in a way that investors can evaluate their relevance and sensitivity.
?
This metric evaluates whether the company discloses key quantitative assumptions and estimates in its financial statements that could be affected by climate-related risks, such as projected oil prices, carbon costs, or asset lifespans.
The assumptions that are disclosed should be sufficiently comprehensive to provide a meaningful picture of climate-exposed amounts in the financial statements, in the context of the company’s climate risks, emissions targets and strategy.
The focus is on transparency. Disclosing these inputs help investors assess potential exposure. The assessment does not evaluate whether the assumptions reflect climate risks—only whether they are disclosed in a way that investors can evaluate their relevance and sensitivity.
no, does not meet any criteria
The financial statements are consistent with the company’s other reporting.
To be assessed as ’Yes’, the company must have been assessed as ’Yes’ for Metric 1.a. To be assessed as ‘Partial’ for this Metric, the company must have been assessed as ’Yes’ or ‘Partial’ for Metric 1.a.
The focus remains on the financial statements; other reporting is reviewed only to provide context.
?
The assessment considers whether there are gaps or contradictions between what the company reports in its financial statements and what it says elsewhere—for example, in sustainability reports, TCFD disclosures, analyst presentations, or on its website. The financial statements should reflect climate-related issues the company acknowledges in other reporting.
To be assessed as ’Yes’, the company must have been assessed as ’Yes’ for Metric 1.a. To be assessed as ‘Partial’ for this Metric, the company must have been assessed as ’Yes’ or ‘Partial’ for Metric 1.a.
The focus remains on the financial statements; other reporting is reviewed only to provide context.
no, does not meet any criteria
no, does not meet any criteria
The audit report identifies how the auditor has assessed the material impacts of climate-related matters.
The assessment looks for references to climate in Key or Critical Audit Matters (K/CAMs), either in a dedicated section or within discussions of topics like asset valuation or impairments.
If not included in K/CAMs, the auditor can still meet this metric by explaining how climate risks were considered in the audit approach.
The goal is to help investors understand whether and how the auditor addressed climate-related risks.
?
This metric evaluates whether the auditor clearly explains how they considered climate-related risks in the audit.
The assessment looks for references to climate in Key or Critical Audit Matters (K/CAMs), either in a dedicated section or within discussions of topics like asset valuation or impairments.
If not included in K/CAMs, the auditor can still meet this metric by explaining how climate risks were considered in the audit approach.
The goal is to help investors understand whether and how the auditor addressed climate-related risks.
no, does not meet any criteria
Any inconsistencies between the financial statements and ‘other information’ are identified in the audit report, where applicable.
Auditing standards require auditors to review certain "other information"—such as the management report, strategy disclosures, or risk factors—to ensure it is consistent with the audited financial statements.
If inconsistencies are found, the auditor should note them in the audit report. If Metric 1.c is assessed as "Yes," this metric will often also result in a "Yes."
?
This metric evaluates whether the auditor identifies any inconsistencies between the financial statements and other company information included in the annual report or similar filings.
Auditing standards require auditors to review certain "other information"—such as the management report, strategy disclosures, or risk factors—to ensure it is consistent with the audited financial statements.
If inconsistencies are found, the auditor should note them in the audit report. If Metric 1.c is assessed as "Yes," this metric will often also result in a "Yes."
no, does not meet any criteria
no, does not meet any criteria
The financial statements use, or disclose sensitivity analysis(es) to, assumptions and estimates aligned with net zero GHG emissions by 2050 (or sooner).
This includes testing the financial impact of a lower-carbon future using data like commodity price assumptions from credible sources and scenarios. This helps investors understand how resilient the company’s financial position is in a world that is transitioning to meet global climate goals.
Companies can meet this metric either by using these aligned assumptions directly or by providing clear, quantitative sensitivity analyses to show how their financials would be affected under such a scenario.
?
This metric evaluates whether a company’s financial statements reflect assumptions aligned with a transition to net zero emissions by 2050, or whether they disclose sensitivity analyses based on such assumptions.
This includes testing the financial impact of a lower-carbon future using data like commodity price assumptions from credible sources and scenarios. This helps investors understand how resilient the company’s financial position is in a world that is transitioning to meet global climate goals.
Companies can meet this metric either by using these aligned assumptions directly or by providing clear, quantitative sensitivity analyses to show how their financials would be affected under such a scenario.
no, does not meet any criteria
The audit report identifies that the assumptions and estimates that the company used in the financial statements or sensitivity analysis(es) were aligned with achieving net zero GHG emissions by 2050 (or sooner), or provides sensitivity analysis(es) on the potential implications.
The goal is to ensure the auditor plays an active role in evaluating climate-related financial assumptions, providing investors with greater assurance about the company’s potential exposure to transition risks.
?
This metric is independent from Metric 3.a. While Metric 3.a considers whether the company uses or discloses assumptions aligned with a net zero pathway, Metric 3.b assesses whether the auditor has independently evaluated those assumptions. Specifically, it examines whether the auditor has confirmed their alignment with a credible net zero scenario or conducted its own sensitivity analysis using such assumptions.
The goal is to ensure the auditor plays an active role in evaluating climate-related financial assumptions, providing investors with greater assurance about the company’s potential exposure to transition risks.
no, does not meet any criteria
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