For the Canada pension plan, we can see that Alibaba and Tencent are huge holdings. They are some of the biggest holdings in that pension plan, and both, actually, with violations of human rights in Xinjiang.
I don't know if the pension plans have any mandate to check their holdings for whether they comply with ESG? I'm not sure that, actually, is a mandate.
For a lot of fund managers now it's quite fashionable to check ESG, but I think there's no authority. For example, for country risk rating agencies we have Standard & Poor's and Moody's, but for companies we never get any ESG rating. For example if it rates a 10, that means it's very good, whereas a 1 shows bad environmental or human rights violations. We don't have that kind of rating. We only have ratings for risk. We get Moody's and Standard & Poor's to give ratings, for example, for Canada's country bonds. Our bonds are actually AAA, for example. We get that kind of rating, but for stocks we don't have that kind of rating yet. It's really up to our fund managers to make the decisions, especially if there's no regulation that our pension fund must follow for this sort of ESG standard.