I'll take that question. The current mandate of OSFI is a prudential one, and it includes appropriate management of risks so that deposit holders can be assured that their money is available at the banks. Part of those risks include climate, and OSFI, through its guideline B-15, encourages and mandates financial institutions to address that.
That said, the mandate is about prudential management of risks. It is not that OSFI should regulate and mandate financial institutions to achieve certain climate objectives. That would require a mandate change.
