ESG Engagement
TCI is in the process of submitting shareholder resolutions (where possible) requesting that its portfolio companies disclose their current greenhouse gas emissions in a manner consistent with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), including their emission reduction strategy and progress made in their reduction strategy. TCI is also requesting that all shareholders be given a non-binding advisory vote in respect of such matters at annual meetings.
To date, TCI has filed resolutions in respect of the following companies:
- Canadian Pacific Railway
- Canadian National Railway
- Moody’s Corp
- S&P Global
- Union Pacific Railroad (See below in relation to the SEC)
- Charter Communications
- Alphabet Inc.
- AENA (resolution passed)
ESG Engagement Letters
- Aena SME S.A.
- Aena AGM - Letter to Spanish Environment Minister
- Aena - Letter to Aena 9 October 2020
- Airbus S.E.
- Alphabet Inc.
- Anthem Inc.
- Atlantia SpA
- Canadian National Railway
- Canadian Pacific Railway
- Charter Communications
- Ferrovial S.A.
- Getlink S.E.
- Microsoft Corporation
- Moody's Corp
- S&P Global
- Safran S.A.
- Union Pacific Railroad
- Union Pacific Railroad - Letter from Union Pacific 19 March 2021
- Union Pacific Railroad - Letter to Union Pacific 25 March 2021
- Univar Solutions
- Vinci S.A.
U.S. Securities and Exchange Commission (SEC)
The SEC have rejected Union Pacific’s attempt to exclude our resolution on technical grounds.
Company that submitted the reasons for excluding the proposal. |
Shareholder that submitted the proposal to the company. |
Date of company's initial submission. |
Regulatory bases asserted by company to exclude the proposal. |
Staff's response to the company's request. |
Date of staff's response. |
Did the staff respond by letter? |
|---|---|---|---|---|---|---|
| Union Pacific Corporation |
The Children’s Investment Master Fund James McRitchie |
1/15/2021 |
Rule 14a-8(b)/(f) Rule 14a-8(c) Rule 14a-8(i)(11) |
Unable to concur that Rule 14a-8(c) provides a basis to exclude (The Children's Invesment Master Fund) Concur that Rule 14a-8(i)(11) provides a basis to exclude (James McRitchie) |
3/22/2021 | No |