Finance committee  We think it is important to have common language to, again, have standardization and for consumers to have trust in what we are going to call or not call green. I believe there was previous discussion on greenwashing. On the one hand, consumers are very aware, and on the other hand, it's very difficult for them to wade through the noise, so we think there's value in standardization.

Finance committee  We believe that disclosure is important and that transparency is important. We also know that in order to get there, to do that throughout, you have to start even with small business owners, who are going to need resources and time to get there.

Finance committee  Thank you.

Finance committee  My area of expertise is really not in different international jurisdictions, so I don't have a comment on that.

Finance committee  In our portfolio we have not seen higher risk, if that is also part of the question, in terms of default by green loans. We've been tracking our impact loans now for many years, and we've not seen any difference in default rates.

Finance committee  The overall percentage of what we track as triple-bottom-line assets and assets under administration is approximately 30%, give or take. It depends on the moment in time. However, our portfolio is also based on doing no harm. As I said, we don't have investments in oil and gas, so it's not specifically a ratio of “clean” to “dirty”, as some might think about it.

Finance committee  It's a question of whether I can do that today or if we can follow up. I don't have that data at my fingertips.

Finance committee  Certainly.

Finance committee  Thank you. There are several things that we continue to improve upon, because certainly we're constantly learning. The first is actually creating more feedback mechanisms to enable us to hear from members as to what is working and what is not. That's typically how we have innovated in the past.

Finance committee  I think there's a great opportunity for Canada to continue to build new technology and new innovation that is low-carbon.

Finance committee  I would say that the more we can continue to properly value and treat the risks of climate within financial models, which is difficult precisely because it's forward-looking, then the more we will see a true step change in our ability to meet net-zero targets and will also ensure that people are not left behind in that transition.

Finance committee  In order to help the environment.... Maybe I'll actually step back and say that the purpose of helping the environment is to help people. It's about how we can live within our environment. Hence, what the data has shown is that dropping emissions matters, so in order to drop emissions, we do need to see more renewable energy in place.

Finance committee  Certainly. Thank you. We are continuing to do our work to build out the plans to get to our 2025 targets. Part of those targets included working with small business owners on transition plans. We will be disclosing and reporting back out fairly soon. We do that with our annual report, our second set of emissions reporting in addition to that work.

Finance committee  Thank you. I think that's difficult to answer, first of all, for two reasons. Members may say one thing, but we don't know how they will actually act after they have said something. More importantly would be that ultimately, for us, our members and our board, the vision we have is to think about transforming the economy.

Finance committee  Thank you. In terms of aggressive transition plans, our perspective is that we need to act, and the data shows that we need to act. We think it's important to be very clear on having objectives that will collectively get us to net zero and to drop emissions. We could put a target of 20/80 instead of 20/40.