Thank you for that question.
When it comes to pension plans, the climate governance we're requiring is really already a fiduciary duty for them to consider climate as a material financial risk. Feeding that into their pension plans—the taxonomy would help a lot with this—you would end up being able to demonstrate that for certain plans, the way they're investing into climate-resilient infrastructure is greener and more sustainable. This would increase people's willingness to invest. It would increase investments into climate-resilient areas. It would be beneficial for intergenerational equity principles as well. We're focusing on not just short-term gains but also long-term views.
