Oct. 15, 2020 - BlackBerry Ltd. completed an amended debt refinancing transaction with its significant shareholder Fairfax Financial Holdings Limited (Fairfax), on September 1, 2020, after having made changes to the transaction terms on two separate occasions. These included downsizing the financing from...
ESG and Climate Change in the Shadow of COVID-19: “E,” “S” & G Are Here to Stay
Chapter 8 of Davies Governance Insights 2020
In this chapter, we outline the significant developments that have taken place over the last year regarding the alignment and harmonization of the leading climate disclosure frameworks with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). We discuss the major environmental, social and governance (ESG) trends and initiatives that have unfolded in parallel with, and in some cases in response to, the COVID-19 global pandemic and consider their market implications. In our view, the short-term focus on economic survival in the wake of COVID-19 will not quiet the increasing demands for greater efforts to be made by companies to prepare and implement strategies to facilitate responsible and sustainable business practices, particularly with respect to material environmental and social issues within the broader ESG space; nor will such focus slow the recent progress already made.
This chapter appears in the 2020 edition of Davies Governance Insights, our comprehensive annual report on the trends and issues most important to Canadian public companies.
Oct. 05, 2020 - The reasonableness of executive compensation arrangements has long been a contentious issue. The COVID-19 pandemic has accelerated pre-existing trends and introduced new challenges, including increased concerns about the widening pay gap between executives and the average Canadian employee, as...