Yes, we were one of the first to sign on, and we are one of the first to have a net-zero target that is more advanced in timelines. This is, first of all, to ensure that we are credible in our own work as we move this forward, because we see the risks to the economy.
With the Net-Zero Banking Alliance, and then more broadly with the work with the U.N., the value is in first collaboration with institutions around the world. There are many doing really great work around disclosure, product innovation and collaboration with government. It's also about working toward better standardization and better disclosure. Those are elements that I know were spoken to in a previous panel. We agree on the importance of transparency, but we also think that standardization and the ability to have those discussions outside of our own jurisdiction are also very important. That's why we contribute.
We are not as large a financial institution as many others in Canada, so it takes our resources to do this, but we think it's important, and it's why we were doing the work for many years prior to its becoming more understood in terms of longer-term risks to our own membership.