I will try to answer your question, Mrs. Chatel.
At the Office of the Superintendent of Financial Institutions, we recognize that climate change and the global response to the threats it poses can have a significant impact on the safety and soundness of Canada's financial system.
The office's mandate, in accordance with the legislative framework established by Parliament, allows it to act to ensure that federally regulated financial institutions manage the risks that climate change may pose to their safety and soundness.
When it comes to green investments, we know that Canada's financial system will play a key role in this transition. The office has an obligation to ensure that the financial institutions and pension plans subject to its regulation are able to manage the risks arising from this transition, but it does not manage the investment plans of these institutions.
Now I'll talk a little about the taxonomy that's developing within government. Anything that helps inspire pride in the markets and among investors will provide greater transparency in investments. All these efforts will bring stability and foster Canadians' confidence in the financial system.
The office's guideline B‑15, which came up earlier, is about risk management and quantification. It's not intended to encourage or discourage certain investments.