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Finance committee  Thank you for your question. I think there were two parts to the question, if I understood correctly. The first part was on the areas that we look at for our ESG areas. There are four, and we're introducing a fifth area this year, so you're correct to cite climate change, which

June 11th, 2018Committee meeting

Mark Machin

Finance committee  Well—

June 11th, 2018Committee meeting

Mark Machin

Finance committee  It's something that I think we should look at over the next year or so, so by the next time I come here, I should certainly have a crisper answer for you than telling you where we are today and where we aim to be.

June 11th, 2018Committee meeting

Mark Machin

Finance committee  On the Canadian Infrastructure Bank, I think, from our perspective, one of the challenges I mentioned in my opening remarks is the huge amount of money chasing opportunities and the lack of supply of those opportunities. That's particularly acute in the field of infrastructure ar

June 11th, 2018Committee meeting

Mark Machin

Finance committee  Again, our job is to assess the pipeline of opportunity. We are hopeful a significant pipeline of opportunity will come over time as the bank gets up and running.

June 11th, 2018Committee meeting

Mark Machin

Finance committee  Yes, that's been the case.

June 11th, 2018Committee meeting

Mark Machin

Finance committee  No, there has been no pressure.

June 11th, 2018Committee meeting

Mark Machin

Finance committee  Thank you very much for the question. Yes, we are accountable to northern Canada through the federal government. It's our understanding that the territorial ministers are present at all the finance ministers' meetings where discussions and decisions on the CPP take place. In ad

June 11th, 2018Committee meeting

Mark Machin

Finance committee  That's a terrific question. As you pointed out, our board is 50% women, and we have a policy that there should be no greater difference than 60:40. Our senior management team today is just over 30% women, and overall we're at about 44% women. In terms of targets for other asp

June 11th, 2018Committee meeting

Mark Machin

Finance committee  Today we don't have a target for indigenous Canadians. About half a per cent of our employee population are indigenous Canadians, but it's something we will examine in the future.

June 11th, 2018Committee meeting

Mark Machin

Finance committee  No. Thank you, and good afternoon, Mr. Chair and members of the committee. Thank you for having me here today to discuss and answer your questions. It is an honour to appear on behalf of the Canada Pension Plan Investment Board, or CPPIB. How we are helping ensure that the C

June 11th, 2018Committee meeting

Mark Machin

Finance committee  Yes. With regard to the Postal Savings Bank of China, we made an investment in it about a year ago. It was a private investment at the time. That bank has gone public since then. It's one of the larger banks in China. It has some 400 million customers and 40,000 branches. It's an

November 1st, 2016Committee meeting

Mark Machin

Finance committee  Thank you for the question. We've noted the advice of the council on the recommendation on the infrastructure bank, and we'll watch carefully how that unfolds and what comes from that. As an infrastructure investor principally on the equity side, I'd say that anything that incr

November 1st, 2016Committee meeting

Mark Machin

Finance committee  On the disadvantages of having an infrastructure bank, I think things that improve the pipeline of opportunity are good. More opportunity for investment are good. We welcome competition, and we deal with competition around the world against other people. I think the devil will be

November 1st, 2016Committee meeting

Mark Machin

Finance committee  We'd agree with that statement. That is one of the major risks when we're making infrastructure investments. Infrastructure investments by nature are very long-term investments, and therefore the stability of regulatory regimes around those investments is very important. That inc

November 1st, 2016Committee meeting

Mark Machin