LONDON, Nov. 19, 2020 /PRNewswire/ -- TCI Fund
Management Limited ("TCI") today announced it has submitted a
shareholder proposal to Canadian National Railway (TSX: CNR) (NYSE:
CNI) ("CN" or the "Corporation") requesting CN present at its
upcoming 2021 annual general meeting of shareholders ("2021 AGM") a
climate action plan detailing the Corporation's greenhouse gas
emission levels as well as the Corporation's strategy to reduce
emissions in the future. TCI's proposal also seeks to provide
shareholders with an advisory vote at the 2021 AGM to approve CN's
plan, and subsequently, at each annual general meeting on an
ongoing basis.
"While TCI recognises the positive steps CN has taken to improve
its emissions intensity, supporting this resolution would reinforce
its leadership and dedication to ESG, and set an example for the
rest of corporate Canada to
follow," said Chris Hohn, TCI
Founder and Portfolio Manager. "We remain committed to driving the
reduction of carbon emissions at the corporate level and to
engaging with Corporations, Boards of Directors, Investors and
Asset Owners to help accelerate a transition to net zero."
About TCI Fund Management
Founded in 2003 by Sir Christopher
Hohn, TCI is a value orientated, fundamental investor which
invests globally in strong businesses with sustainable competitive
advantages. Using a private equity approach, TCI conducts deep
fundamental research, constructively engages with management and
adopts a long-term investment horizon. For more information on TCI
and its ESG policy, visit www.tcifund.com/ESG
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SOURCE TCI Fund Management Limited