Thank you, Mr. Chair.
Thank you to our witnesses today.
I really appreciate your being here and the expertise you bring to this very important discussion and study that we're doing. I'm happy to be a visiting member of Parliament on this committee and to participate in the discussion with you. I think you've already offered some really great testimony.
One thing that comes up in these conversations a lot is Canada's ability to remain globally competitive in this fast-changing environment in which we can see many jurisdictions around the world moving quite quickly to mainstream sustainable finance. I think that, for good reason, we can all agree that our ambitions need to increase in this area, and I know you believe in that.
But I think one of the challenges is how we, as policy-makers, can offer a predictable regulatory environment that all market actors can participate in and have confidence in, right down to the Canadian public.
I want to ask a couple of questions. I know that one of the things that the sustainable finance action council, which has developed our green and transition taxonomy and the road map, has offered is a three-tiered governance model that ensures that the taxonomy continues to evolve.
I wonder if I could ask you, Mr. Youngman, whether you see other international examples of governance models in which taxonomies are anticipated to evolve and whether that's a best practice.