Power Corp of Canada

Management of material topics [Code of Business Conduct and Ethics](https://www.powercorporation.com/media/uploads/esg_hub/pcc-code-of-business-conduct-and-ethics-2020-03-18-eng.pdf) 3-3

[Lobbying Policy](https://www.powercorporation.com/media/uploads/esg_hub/pcc-lobbying-policy-final-web-2020-08-07.pdf)

[Global Anti-Bribery Policy](https://www.powercorporation.com/media/uploads/esg_hub/pcc-global-anti-bribery-policy-2020-en.pdf)

Sustainability website: [Sustainability Policies](https://www.powercorporationcsr.com/en/responsible-management/sustainability-policies/)

[2024 CDP: 4.11, 4.11.1, 4.11.2](https://www.powercorporationcsr.com/media/uploads/reports/bpcc-cdp-climate-change-questionnaire-2024-web-final.pdf) pages 134-164

Amount of political contributions [2023 ESG Data Tables: Governance](https://www.powercorporationcsr.com/media/uploads/reports/bpcc-2023-esg-data-tables-web-final.pdf) page 3 415-1 ⚫

The Corporation has also adopted a Global Anti-Bribery Policy and a Lobbying Policy. [...] As the Code of Conduct covers a broad range of topics, Power uses the mandatory annual training session on its Code of Conduct to raise awareness and educate all officers and employees on key sustainability themes, with the training session also covering the application of the Corporation's Respectful Workplace Policy, Global Anti-Bribery Policy, Cybersecurity Policy, Lobbying Policy, Corporate Sustainability Statement, Environmental Policy, Responsible Procurement Policy Statement and Third-Party Code of Conduct, among others. The online training course contains testing to demonstrate understanding of the Code of Conduct and the other policies of the Corporation. At the end of the training, all are required to certify their compliance with the Code of Conduct and key corporate policies. In 2024, all of the Corporation's officers, Directors and employees acknowledged compliance.

GBL does not make any political contributions and is not involved in lobbying activities; [...] GBL complies with the General Data Protection Regulation, a dedicated European regulation entered into force on May 24, 2018. The group ensures that personal data is protected and that employees receive periodic training." [...] "Considering the nature of our core business and our long term investment horizon, GBL's ESG integration process encompasses the following key steps in the investment process: [...] voting and stewardship; transparency and reporting." [...] "Voting at the General Assembly is an integral part of this effort, and we intend to exercise our votes attached to all our investments. The analysis of the voting resolutions is carried out by the Investment team considering the overall investment strategy for the portfolio company. [...] GBL management intends to participate physically in the shareholder meetings, but depending on the conditions, may also exercise its vote by mail, procuration or any electronic format compliant with the local regulation and legal dispositions." [...] "Transparency supported by leading international sustainability reporting frameworks GBL complies with the relevant local and European regulatory requirements for non-financial disclosure in its financial communication. Voluntary disclosure of non-financial information under commonly accepted international frameworks support an efficient allocation of capital, and for its own listing GBL commits to produce transparent non-financial information under the Global Reporting Initiative ("GRI") Standards Core option, the Sustainability Accounting Standards Board ("SASB") standards and the Task Force on Climate-related Financial Disclosures ("TCFD") requirements.

The Corporation believes that GenAI tools should be used by its Directors, officers and employees ("Users") responsibly and has therefore adopted an Artificial Intelligence Use Policy governing how GenAI tools can be used in the context of their work for the Corporation. This Policy sets out the responsibilities of any User regarding regulatory compliance, human oversight, ethical considerations, security and confidentiality, transparency and disclosure and protection of intellectual property rights. Furthermore, the Corporation has recently amended its Audit Committee Charter to include the oversight of risks related to the use of artificial intelligence. The Audit Committee periodically receives updates from Management on cybersecurity and artificial intelligence matters. We believe that the adoption of the Artificial Intelligence Use Policy along with an oversight of the Audit Committee provides an adequate framework for the use of GenAI systems within the context of the business of the Corporation.

At Power Corporation, the CSR Lead provides oversight to ensure that direct and indirect activities that influence public policy are consistent with the Corporation's overall responsible management strategy, including topics that relate to climate change. At Lifeco, an annual review of their direct and indirect activities that influence public policy, including both financial and non-financial engagements with voluntary sector organizations, is conducted by their Community Relations Department to ensure relevancy, efficacy and consistency of approach and strategy. Where relevant, this process includes a review of their direct and indirect activities that influence public policy, which are assessed for consistency with their overall climate change strategy. This includes their support of organizations addressing climate change strategies and sustainability, including finding practical solutions to address energy and carbon management issues at a policy, business and personal level. New opportunities to support such endeavours are measured against annual strategic objectives. With respect to Lifeco's investment subsidiaries, specific internal processes exist to ensure their engagement activities are consistent with their climate strategies as described in their respective engagement and stewardship reports. For example, ILIM published pledges which commit to advocate for climate action with policymakers, investors, and industry groups. At IGM, processes to ensure engagement activities are consistent with their climate change strategy are governed by the IGM Executive Sustainability Committee, comprised of their senior executives from across IGM and its subsidiaries, and the Mackenzie, Sustainability Committee which is led by Mackenzie's Head of Sustainable Investing and includes senior leaders from across Mackenzie and IGM. These committees provide oversight to ensure that all direct and indirect public policy activities related to the environment are consistent with their internal policies, strategies and procedures, including IGM's climate position and commitments, and Mackenzie's climate action plan. The Committees review and/or approve ESG-related policies, commitments, disclosures or positions and strategies.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]At Power Corporation, the CSR Lead provides oversight to ensure that direct and indirect activities that influence public policy are consistent with the Corporation's overall responsible management strategy, including topics that relate to climate change.

At Lifeco, an annual review of their direct and indirect activities that influence public policy, including both financial and non-financial engagements with voluntary sector organizations, is conducted by their Community Relations Department to ensure relevancy, efficacy and consistency of approach and strategy. Where relevant, this process includes a review of their direct and indirect activities that influence public policy, which are assessed for consistency with their overall climate change strategy. This includes their support of organizations addressing climate change strategies and sustainability, including finding practical solutions to address energy and carbon management issues at a policy, business and personal level. New opportunities to support such endeavours are measured against annual strategic objectives. With respect to Lifeco's investment subsidiaries, specific internal processes exist to ensure their engagement activities are consistent with their climate strategies as described in their respective engagement and stewardship reports. For example, ILIM published pledges which commit to advocate for climate action with policymakers, investors, and industry groups.

At IGM, processes to ensure engagement activities are consistent with their climate change strategy are governed by the IGM Executive Sustainability Committee, comprised of their senior executives from across IGM and its subsidiaries, and the Mackenzie, Sustainability Committee which is led by Mackenzie's Head of Sustainable Investing and includes senior leaders from across Mackenzie and IGM. These committees provide oversight to ensure that all direct and indirect public policy activities related to the environment are consistent with their internal policies, strategies and procedures, including IGM's climate position and commitments, and Mackenzie's climate action plan. The Committees review and/or approve ESG-related policies, commitments, disclosures or positions and strategies.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes