Thank you, Mr. Chair.
To begin, I want to welcome all of our witnesses to the committee today for our study on this extremely important topic.
My questions are primarily for Ms. Hubert.
Ms. Hubert, thank you for your excellent work in this very complex field. I know you have been extremely active in this field by virtue of your ongoing work, as well as your passion, I might add.
On October 9, the government finally announced that it is putting forward the taxonomy. We will have to wait though because it will take 12 months. Nonetheless, they are putting forward a science-based taxonomy, which is very important to meeting the target of 1.5°C in global warming. So that is encouraging. We are already lagging behind, in my opinion, but we are moving forward.
We are also moving forward on mandatory disclosure of financial information related to climate and the environment. These two very important announcements are at the heart of green financing and the transition.
I would like you to talk to us specifically about the role of disclosure and the International Sustainability Standards Board, or ISSB, and the future interaction with that body. I would also like you to talk to us about the consultation process of the Canadian Sustainability Standards Board, or CSSB, which will be closely involved in this important step of mandatory disclosure.
On that note, Ms. Hubert, please go ahead and speak to us about these matters.