Thank you, Mr. Chair.
Thank you to the witnesses for joining us.
Ms. Chipot, you said that the Canadian Securities Administrators came to the same conclusions in their biennial report that your organization came to. It is interesting to hear that another organization confirmed what you found in your analysis.
Tell us, if you would, about the credibility of transition plans. How banks define what constitutes a credible transition plan and how they go about improving the credibility of those plans is part of the global strategy to reach net-zero emissions.
What are Canada's big banks missing in their transition plans?
What would make the plans truly credible?