Matthew Emde

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.

Communication with officials regarding how pension plans can support greater infrastructure investments in Canada. Communication with officials regarding climate and sustainability policies as they apply to financial institutions including pension plans. Communication with officials regarding the federal government reissuing Real Return Bonds (RRBs) Exploring areas of opportunity to expand pension coverage across Canada. Describing ways that pensions can be delivered to Early Childhood Educators (ECEs). Communication with officials regarding the development of Variable Payment Life Annuities (VPLAs). Communication with officials regarding pre-budget recommendations related to increasing pension access for Canadians. Communication with officials regarding federal pension legislation including the Income Tax Act and Pension Benefit Standards Act, as it applies to improving CAAT Plan's plan administration, new innovative offerings, investments and new employers joining the Plan.

The Proceeds of Crime (Money Laundering) and Terrorist Financing Act, initiatives for enhancement of reporting mandatory information, and risk assessment methodology. The introduction of policies, programs or legislation related to "Open Banking". The Canadian labour force and labour mobility as it relates to the Express Entry program. Policies related to Canadian economic growth, and international trade. Policies related to Canada's development of natural resources. Policies related to asset recycling and industry investment in public infrastructure development . Policies and programs that affect the Canadian housing market and lending practices. Policies and programs related to gender diversity, inclusion and accessibility. Personal Information Protection and Electronic Documents Act (PIPEDA), the Privacy Act, and any legislation and associated regulations with regard to privacy and security, identity theft risks, use and protection of information Payment Processing System with regard to rates, fees, oversight of credit and debit procedures Office of the Superintendent of Financial Institutions Act (OSFI) and regulations, in respect of regulatory compliance for banks Immigration policies and programs to address labour shortages and market needs. Canadian Payments Act, as it applies to applicable legislative reviews and the government's Payment's Modernization initiative. Canada Labour Code, Parts II and III Bank Act and regulations, in respect of the five year financial system review, as well as any changes resulting from the review.

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

Consultation regarding new disclosure requirement(s) for federally regulated pension plans and the publication of information relating to the investments of plans. Variable Payment Life Annuities, with respect to regulatory framework to be developed under federal legislation. PIAC is also interested in the harmonization of VPLA rules across all jurisdictions. SFAC’s Taxonomy Roadmap Report and the Taxonomy Governance Proposal with respect to implementation of the Council’s recommendations for defining green and transition investment. Seeking clarification from government officials with respect to pension protection provisions in insolvency related to the Companies' Creditors Arrangement Act, 1985 and the Bankruptcy and Insolvency Act, 1985. Regulatory Harmonization and Reform, with respect to pension funding rules: one funding rule (going-concern plus) to replace the going-concern funding rule and a solvency funding rule. Pension Benefits Standards Regulations, 1985, with respect to input on proposed changes to pension regulations on negotiated contribution plans and unclaimed pension balances. OSFI Climate Scenario Exercises, with respect to consultation input on the evolution of the Standardized Climate Scenario Exercise. Canada Real Return Bonds, with respect to program reinstatement and/or consultation on Real Return Bond Issuance.