One element—and I think I've mentioned this already—is that having a global baseline that countries can look to and adapt or tailor with their specific jurisdictional considerations is very helpful, particularly for multinational companies that might have regulatory requirements across more than just Canada, the United States, Europe or Asia. With such a global baseline, there can be harmonization, to the extent possible, of disclosure standards, for example.
Just to clarify, my understanding at present with the ISSB is that it's focused on climate disclosure reporting. I think that's what the initial focus is on. It's going to be publishing the final global baseline or benchmark for reporting standards later on in 2023.