It's a very important question and topic because, if Canada does not put its own system in place, it's going to be driven by the European system anyway. Large companies that have activities in Europe are required to report in to the corporate sustainability reporting directive, CSRD. Essentially, the Europeans are defining how they will report.
If Canada comes in with an interoperable form of reporting, it allows Canadian companies to get ready to do it, and, essentially, it'll work more efficiently. We are getting, as I think was mentioned earlier, the carbon border adjustment, which is more an issue between countries about pricing economic activities. This is also being applied to corporations through this type of regulation.
Once again, it calls out for the need for countries to work together in coming up with interoperable systems. As you would know about corporates, the thing they hate most is to operate in multiple jurisdictions that have multiple reporting frameworks. That's why the work of the ISSB is so important. That's why CSSB aligning with ISSB is so critical, but that's only part of the puzzle.