Thank you for the question.
Parliament, as I mentioned in my opening statement, assigns a specific mandate. It basically says to ensure and contribute to public confidence in the Canadian financial system. It does not tell us to advance a climate-related agenda.
As a GIC appointee, I'm duty bound to implement the instructions from Parliament, and that's it. However, our mandate does require us to ensure that financial institutions remain in sound financial conditions. We put in B-15. It does do risk management and governance, but it also will oblige climate risk disclosures and scenario testing, among other features.
Because of the long-term threat of climate change to the sound financial conditions of financial institutions, we put in place B-15. We intend to continue to move the progress of financial institutions forward in managing climate risk as a financial risk and a threat to their sound financial conditions.