CEO Jay-Ann Gilfoy: Commit to a fossil-free Meridian Credit Union

In May of 2021, the International Energy Agency issued a bombshell report: if we're to avoid the worst-case climate crisis scenarios, fossil fuel expansion needs to stop immediately - not in 2030, not next year, but today. [1]

Despite that, fossil fuel companies are continuing to expand - and financial institutions are giving them the money to do it. [2]

As a credit union, Meridian is meant to deliver community-focused investments. But it remains invested in fossil fuels doing irreparable harm. [3]

Prior to accepting a role as CEO of Meridian, Jay-Ann Gilfoy was an executive at VanCity Credit Union. Vancity is Canada's largest credit union, has fully divested from fossil fuel investments, and has pledged to net-zero emissions across its entire portfolio by 2040. [4]

It's time for Gilfoy to bring that same commitment to sustainability to Meridian. CEO Gilfoy, match VanCity by commiting to rapid divestment from fossil fuel investments at Meridian and net-zero across all investments by 2040.

References:

1: IEA Report: https://www.iea.org/reports/net-zero-by-2050
2: Fossil Fuel Financing in Canada report: https://www.greenpeace.org/canada/en/press-release/49591/canadian-banks-defying-climate-science-by-increasing-fossil-fuel-finance/
3: Credit unions on climate report: https://www.toronto350.org/choosing_a_climate_friendly_credit_union_in_toronto
4: VanCity's net-zero by 2040 commitment: https://www.bcbusiness.ca/Vancity-beats-other-Canadian-banks-and-credit-unions-to-net-zero-pledge