Absolutely. The announcement of the taxonomy last month is a critical step, and it's certainly one we're glad to welcome. It was announced during the Principles for Responsible Investment conference here in Toronto in October, and it was a well-timed announcement to highlight the important role of a taxonomy in bringing about the investments needed to help us achieve our Paris targets.
The taxonomy is critical in providing investors with consistent information to do an analysis of where their money needs to flow and to compare the relative risks and opportunities associated with different investment decisions in the green space.
There are a lot of obvious decisions to be made around the margins of what's clearly a very straightforward, low-carbon investment decision and, perhaps, one that might be riskier. However, the taxonomy is essential to help with all of the more complex decisions about the technical and other questions that are going to be quite complex to understand what the climate-related risks are.
It's an essential commitment to have that taxonomy.