The Globe and Mail reports in its Saturday edition that Bank of Nova Scotia will start disclosing how much of its lending is directed at low-carbon energy versus high-emitting sources, prompting a group of Canadian and international investors to withdraw a shareholder resolution they had planned to try to force the issue. The Globe's Jeffrey Jones writes that in its management proxy circular published Friday, Scotiabank said it would report the metric, known as the energy supply ratio, before June 1, 2026. The move is in response to a proposal submitted by PFA Pension, Denmark's largest retirement fund, and shareholder advocacy group SHARE. The investor group had targeted four of the country's biggest banks with the resolution for their coming annual meetings. Of those, CIBC, TD and BMO have urged their shareholders to reject it. SHARE, a shareholder advocacy group, says the ratio is one way for investors to gauge the institutions' climate-related risks by tracking their exposure to fossil fuels. It said it has been in discussions with Scotiabank about the issue for more than a year. In its proxy circular, the bank said it agreed to disclose the methods it uses to calculate the ratio, along with the annual results.