The materiality assessment and matrix have been reviewed and validated in workshops with Laurentian Bank's ESG Working Group and ESG Steering Committee. The final matrix has been reviewed by the Bank's Disclosure Committee and the Human Resources and Corporate Governance Committee of the Board. We believe that this matrix continues to be an accurate representation of the material topics for the Bank in 2022. The materiality assessment will be updated on a regular schedule to ensure we are reflecting the ESG priorities of our stakeholders. [...] The ESG Working Group is a cross-functional operating committee responsible for identifying key priority areas to support the Bank's broader ESG strategy. [...] The TCFD Taskforce, led by our Chief Financial Officer, makes key decisions related to our Task Force on Climate-related Financial Disclosures framework. Further information on the TCFD Task Force can be found in the TCFD Report Appendix on page 50. [...] Our Board of Directors has taken an active role in Laurentian Bank's ESG initiatives and the Board and committee mandates have been updated to include oversight of ESG. This is a strategic business imperative that requires an augmented level of energy to ensure the Bank is making progress. ESG is treated as one of the Board's core responsibilities and ESG issues are considered at every Board meeting. [...] The Risk Management Committee weighs reward against risk and ensures a proper mix of functional policy, process and procedure is present and applied to manage any significant risk to which the Bank is or could reasonably be exposed. This entails overseeing the integration of the Bank's ESG principles with the Bank's risk appetite framework and risk management framework, including its application to stress testing and credit risk. [...] The Human Resources and Corporate Governance Committee supports the Board in exercising its human resources and corporate governance functions. This includes overseeing key culture and human resources strategies, namely employee engagement; employee health and well-being; equity, diversity and inclusion; and, ensuring that best governance practices are applied to the function of the Board itself, including in succession planning and recruitment of new Board members. [...] The Audit Committee is responsible for supporting the Board in overseeing the integrity of the Bank's financial statements, the relevance and effectiveness of its internal controls, the qualifications and independence of the external auditor, and the performance of the internal audit function and of the external auditor. This includes oversight of financial information in ESG disclosures, including climate-related financial disclosure. [...] ESG Governance at Laurentian Bank consists of four main committees: The Bank's Executive Committee, led by the CEO, acts as a steering committee with oversight over ESG across the Bank. Its mandate includes providing strategic guidance on priorities and investments, and making key decisions under each ESG pillar. The Corporate Risk Committee, led by our Chief Risk Officer, monitors and oversees the management of all material risks of the Bank, including environmental, social, and climate-related risks. [...] The Bank established an Environmental & Social (E&S) Risk Management function in 2022 with a mandate to develop and implement an E&S risk management framework, policies, processes, and governance to proactively identify, assess, manage, and report on these risks. [...] The ESG and Sustainability team was established in 2021. Their mandate includes providing strategic direction on ESG topics, supporting the understanding and integration of ESG across the organization through the ESG Working Group, continual improvement of the Bank's ESG data and disclosures, and management of the central corporate giving strategy. [...] In addition to the governance committees, senior leaders at Laurentian Bank have accountability for key ESG topics. In 2022, these included: The EVP, Chief Information Technology Officer had responsibility for Cybersecurity and Data Privacy programs; the EVP, Operations was responsible for our Scope 1 and 2 emissions reduction target; and, the EVP, Chief Human Resources Officer was accountable for Equity, Diversity and Inclusion programs and targets.