Opinion: Suncor’s safety records overshadow the oil company’s ESG efforts

, install five new directors and possibly oust Mr. Little himself.

A top criticism, though, involves the “S” – social – part, and specifically Suncor’s recurring trouble preventing employees from getting hurt in operational mishaps. “At a high level, the issues that Elliott are raising, whether it’s safety or whether it’s the operational side of things, are real. Those are material issues, and from an ESG perspective they’re material,” said Jamie Bonham, director of corporate engagement for NEI Investments, a fund-management firm focused on responsible investing. “What they’ve identified really could have come from, in many ways, an ESG investor. So I think what they’ve brought to the table is probably going to be valuable.

Workplace health and safety is not an issue that Elliott has cherry-picked just to emphasize negatives for its campaign, said Bonnie-Lyn de Bartok, founder of the S Factor Co., a Toronto-based provider of social impact data. It has material impact on the financial performance of companies in the form of lost-time employee hours, the need to shut production down after incidents, risk to corporate reputation and the potential for legal action.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Company failed to ensure safety of B.C. diver who died harvesting sea urchinsGuilty pleas have been entered in a case of an occupational diver who drowned while harvesting sea urchins near Haida Gwaii in 2018.
Source: VancouverSun - 🏆 49. / 61 Read more »

100-year-old man breaks record for longest job held at one companyThe centenarian began working as a shipping assistant, a year before the outbreak of World War Two Better get use to it, with cpp and oas a lot of people will have to work into their 100’s just to survive. Companies are stripping pension plans and retirement savings, leaving it to the employee to scrape together whatever they can.
Source: VancouverSun - 🏆 49. / 61 Read more »

Quebec recycling company with track record of litigation has powerful hold on industry | CBC NewsMontreal's inspector general wants city to dump Ricova, but now the company is threatening legal action. A review of its dealings with other municipalities shows it will use the courts to defend its interests. Sounds like mafia.
Source: CBCNews - 🏆 2. / 99 Read more »