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Foreign Affairs committee  Thanks. One that I think we should speak about is the question of scope. Right now, it's narrowly focused on child labour and forced labour, and I appreciate what the other witnesses have brought forward on this question. Those are, obviously, egregious human rights abuses. However, as we speak to, perhaps, what Mr.

November 21st, 2022Committee meeting

Kevin Thomas

Foreign Affairs committee  The thresholds are important, because we want to make sure that companies have the capacity to institute due diligence systems. There's no point in asking your corner store to develop that kind of thing just because it's incorporated under the CBCA, so I think those thresholds are appropriate.

November 21st, 2022Committee meeting

Kevin Thomas

Foreign Affairs committee  Can I proceed now?

November 21st, 2022Committee meeting

Kevin Thomas

Foreign Affairs committee  Great. Before I speak to the contents of the current bill, maybe I can provide a brief example to demonstrate the challenge that Ms. McPherson just mentioned of only requiring modern slavery reporting versus requiring an obligation to perform human rights due diligence. Last year, on behalf of its shareholders, we began engaging a Canadian-headquartered multinational renewable energy company after it was reliably identified as having supply chain links to forced labour in the Xinjiang region of China.

November 21st, 2022Committee meeting

Kevin Thomas

Foreign Affairs committee  I appreciate that, Mr. Chair. Thank you.

November 21st, 2022Committee meeting

Kevin Thomas

Foreign Affairs committee  Yes, that is selected.

November 21st, 2022Committee meeting

Kevin Thomas

Foreign Affairs committee  I just tried that. Is it any better?

November 21st, 2022Committee meeting

Kevin Thomas

Foreign Affairs committee  Thank you, Mr. Chair, and thank you for inviting me to present today. I am the CEO of the Shareholder Association for Research and Education, which is also known as SHARE. We regularly coordinate investor advocacy on environmental, social and governance issues alongside most of the major pension and asset management institutions in our country and also with international coalitions of investors with trillions of dollars in assets under management.

November 21st, 2022Committee meeting

Kevin Thomas