Investors are challenging TSX-listed companies to walk the talk on Indigenous reconciliation

The Shareholder Association for Research and Education , the Canadian Council for Indigenous Business and the National Aboriginal Trust Officers Association are aiming to persuade 25 per cent of all companies listed on theAlthough there is no deadline to achieve this target, set to be announced Tuesday, they plan to track progress on an annual basis starting in 2025.While the 25-per-cent target may seem ambitious, it is entirely achievable.

The Truth and Reconciliation Commission’s 92nd call to action provides a multi-faceted framework that covers everything from employment policies to procurement practices. Moreover, it urges companies to conduct meaningful consultations with Indigenous communities, treat them as economic stakeholders and obtain their informed consent prior to proceeding with economic development projects.

SHARE, meanwhile, filed no shareholder proposals on reconciliation during the 2024 proxy season. That compares with two proposals filed in 2022.

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