Focus List Criteria
Climate Engagement Canada’s Focus List is based on the following:
Impact: Is the company within the top GHG emitters on the Toronto Stock Exchange (with a focus on the top 30)?
Influence: Do participating CEC investors hold the company or not?
Consistency: Was the company on the original list launched and does it support a strategy of ongoing and maintained engagement?
Progress: Does the company still need to make significant progress across CEC’s Benchmark and Alignment Assessments?
The CEC Focus List of Companies:
Energy (22.5% of focus list companies): ARC Resources Ltd.; Cenovus Energy Inc.; Enbridge.; Keyera Corp.; MEG Energy Corp.; Pembina Pipeline Corp.; TC Energy Corp.; Tourmaline Oil Corp.; Whitecap Resources Inc.
Utilities (22.5% of focus list companies): Algonquin Power and Utilities Corp.; AltaGas Ltd.; Atco Ltd.; Brookfield Infrastructure Partners; Capital Power Corp.; Emera Inc.; Fortis Inc.; Superior Plus Corp.; TransAlta Corp.
Materials (27.5% of focus list companies): Algoma Steel; B2Gold Corp.; Barrick Gold Corp.; Cleveland Cliffs; First Quantum Minerals Ltd.; Hudbay Minerals; Kinross Gold Corp.; Lundin Mining Corp.; Methanex Corp.; Nutrien Ltd.; West Fraser Timber Co Ltd.
Consumer Staples (12.5% of focus list companies): Alimentation Couche-Tard Inc.; Empire Company Ltd.; Loblaw Companies Ltd.; Metro Inc.; Saputo Inc.
Transportation | Industrials | Consumer Discretionary (10% of focus list companies): Air Canada; Canadian National Railway Co.; Canadian Pacific Railway Ltd.; Magna International Inc.
Waste Management | Industrials (5% of focus list companies): GFL Environmental Inc.; Waste Connections Inc.
Timeline and Rationale at a Glance
Climate Engagement Canada (CEC) is launched
Total Number of Companies: 40
CEC Focus List of 40 companies is announced
Total Number of Companies: 40
Turquoise Hill Resources is removed from Focus List
Total Number of Companies: 39
Turquoise Hill was acquired by Rio Tinto, part of the Climate Action 100+ (CA100+) Focus List.
Enbridge and TC Energy are added to the Focus List
Total Number of Companies: 41
Transitioned to CEC from the CA100+ Focus List.
Algonquin Power and Utilities Corp., Algoma Steel and Cleveland Cliffs are added to the Focus List and Enerplus Corp. and Vermillion Energy Inc. are removed
Total Number of Companies:40
Algonquin Power and Algoma Steel added to the Focus List as both are now within the top 30 highest emitters on the Toronto Stock Exchange (TSX). Stelco Holdings was acquired by Cleveland Cliffs. Whitecap Resources announced consolidation with Veren. Enerplus was acquired by Chord Energy and Vermillion saw a lack of CEC participant interest and a drop in GHG ranking to 58th on TSX. As a result, both are removed.
Disclaimer: The CEC Focus List is meant for the purposes of information only and is not intended to be investment, legal, tax or other advice, nor is it intended to be relied upon in making an investment or other decision. The CEC Focus List is provided with the understanding that no organization or entity, including Climate Engagement Canada, its partner organizations, data providers, or investor signatories, are providing advice on legal, economic, investment, or other professional issues and services. The inclusion of companies does not in any way constitute an endorsement of these organizations by any party. Neither Climate Engagement Canada nor any other party is responsible for any errors or omissions, or for any decision made or action taken based on information contained in the CEC Focus List or for any loss or damage arising from or caused by such decision or action. All information in the CEC Focus List is provided “as-is,” with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, expressed or implied as to the accuracy, fairness or sufficiency of the information contained in the CEC Focus List. None of the information contained in the CEC Focus List has been independently verified. Save in the case of fraud, no liability is accepted for any errors, omissions, or inaccuracies in the CEC Focus List.