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Reconciliation and responsible investment: Growing the Indigenous economy in Canada

30 March 2021 – By Katie Wheatley, Manager, Reconciliation & Responsible Investment Initiative, SHARE and Lindsey Walton, Head of Canada for Signatory Relations, PRI Cross-posted with permission from the PRI blog. Canadian businesses must support Indigenous communities in securing long-term, sustainable benefits from economic development, as part of their reconciliation duties, enshrined in the Truth and Reconciliation Call to Action #92. Creating opportunities for equity ownership and participation are significant steps in this process, and responsible investors have a role to play in encouraging these. The Indigenous economy in Canada continues to grow, but remains largely untapped. Indigenous peoples contribute over CAD 30 billion annually to Canada’s GDP,...

New research finds corporate Canada dragging its feet in disclosing progress on reconciliation

March 11, 2021 – New research suggests that corporate Canada is slow to recognize the value of tracking and reporting on Indigenous relations and reconciliation. The report, Business and Reconciliation: An Update Exploring the Performance of Public Companies in Canada, reviewed company disclosures using a broad set of indicators to measure  progress in advancing reconciliation since the release of a benchmark report in 2017. Research on a sample of 78 companies found a 26 percent increase in the number of companies stating that they prioritize employment of Indigenous people, up from 13 percent in 2016. In addition, there was a 28 percent increase in companies that...