Charles Perreault

Approaches to strengthening sustainable finance in Canada, including the role of climate-related disclosure practices, the development of a green and transition taxonomy, and broader policy considerations to ensure Canadian approaches remain aligned with international regulatory trends and market expectations while reflecting domestic economic context. General observations on evolving asset owner practices and reporting expectations in the context of global climate and sustainability developments. PRI actively engages with public policy makers where relevant to our Mission and Principles. PRI also encourages its membership to participate in policy activity to ensure institutional investors are able to generate sustainable returns and create value.

Discuss investment in transportation infrastructure. Discussions regarding environmental, social and governance (ESG) factors impacting institutional investors, including disclosure standards, international commitments, and how climate-related risks and opportunities are incorporated into investment processes Providing perspectives from Canadian institutional investors concerning Government policies to create greater investible opportunities to improve productivity and growth in Canada’s economy and infrastructure. Private sector investment opportunities with respect to Build Canada Homes Discuss tax treatment for Local Distribution Companies (LDCs); section 147.2 (2) of the Income Tax Act (ITA), pertaining to excess surplus; and Regulation 8514 of the ITA, pertaining to related parties Discussions regarding the reissuance of the Real Return Bonds (RRB) program Discussions regarding Section 899 of the US government’s ‘One Big Beautiful Bill’ Discussions regarding clarity of the government’s greenwashing provisions

Discussion regarding government’s policies towards mining and critical minerals development. Discussions on the government's trade diversification policy changes and how best to operationalize for international capital flows. Discussions regarding how pension plans can help crowd in private sector investments in Canada. Impact of Bill C-5 on Canada’s economy, infrastructure, and investment environment. Discussion on how the government is using AI technology to improve processes. Discussions on regulatory approvals process for Canadian financial institutions. Discussion on importation of oyster seed to support Canadian oyster industry. Discussions regarding Brazil-Canada relations, the Brazil-Canada tax treaty, and its impact on investors. Discussions regarding Australia-Canada relations, the Australia-Canada tax treaty, and its impact on investors. Discussions regarding impact of changes to Government debt issuances on investors as it relates to the Government’s cancellation of the real return bonds program. Discussions regarding Canada’s global trade relations and impact on investors, as it relates to potential trade missions planned to Europe, Asia, and South America, and the Government’s approach to trade agreements. Discussions regarding investment in Canada’s transportation infrastructure. Impact of Bill C-281 on institutional investors as it relates to investing in the United States equity and sovereign bond markets. Discussions with the federal government concerning trade and investment relationships with the United States and Mexico as it relates to the risk and impact on the Canadian investors in those countries. Seeking to provide perspectives from Canadian institutional investors concerning Government policies to create greater investible opportunities to improve productivity and growth in Canada’s economy and infrastructure. Federal Investment Regulations and Rules with respect to permitted investments

Resuming issuance of Canadian real return bonds. Discussing climate, environmental, and sustainable finance policies, including the incorporation of climate-related and transition-related risks into government policy and frameworks, and factors influencing institutional investor capital allocation decisions. Linking mining practices in Canada to climate-aligned initiatives, and supporting the Mining 2030 initiative, which seeks to responsibly develop critical mineral mines while attracting investor capital. Discuss improvements to Canada's carbon markets and the industrial price on carbon. Request for amendments to the Income Tax Regulations to allow a jointly sponsored pension plans to accept pension funds for an incoming single employer pension plan member who already has overlapping service in the jointly sponsored pension plan for the same period. General discussions on investments, including possible investments in Canadian infrastructure projects and linking investments with federal priorities and announcements (e.g., the latest Fall Economic Statement includes pension-related investment programs and the Stephen Poloz led working group targeted how to increase domestic investments by Canadian pensions). Implementing the Sustainable Finance Action Council's recommendations, including the development and implementation of a Canadian Green and Transition Taxonomy. Taxonomies help in addressing the climate change funding issue by making clear opportunities for climate-related investment. Implementing climate-related financial disclosure frameworks, policies, and other measures for public and private companies. Working with various government representatives and entities to understand and implement measures to overcome barriers to increasing the level of climate-related financial disclosures. This includes defining what constitutes a small company and other work to identify appropriate levels of disclosure.