IGM Financial Inc

We are continually strengthening governance of sustainability matters in line with international principles and standards. Material climate factors are part of our commitment to responsible management and IGM's executive level Risk Management and Corporate Sustainability Committees provide oversight on climate issues. The Board provides oversight on sustainability risk and strategy, with key risk insights discussed with the Board Risk Committee. [...] We have convened an enterprise-wide Task Force for Climate-related Financial Disclosure (TCFD) Working Group of senior leaders who are responsible for taking an active role in driving the integration of climate change risks and opportunities across business strategies and promoting enhanced climate-related disclosures. [...] Mackenzie has established a Sustainable Investing Centre of Excellence responsible for ESG research and advocacy, sustainable investing solutions and investment stewardship. Our companies also each have sustainable investing committees and working groups comprised of executive leaders who oversee sustainable investing priorities, including climate change.

## Our governance and oversight of the Sustainable Investing Policy

###### Our Sustainable Investing Policy is approved by our Sustainability Steering Committee, which is chaired by our Senior Vice President and Head of Sustainability with oversight from the Chief Investment Officers. The Mackenzie's Board of Directors also approves the Sustainable Investing Policy.

The Sustainable Investing Policy is developed and enabled by Mackenzie's Sustainability Centre of Excellence (COE). The Sustainability COE was established

in 2020 to bring focus to ESG factors across our organization. Our group of experts is responsible for bringing sustainable solutions to market; distributing ESG best practices, insights and oversight; advocating for improved ESG performance in the companies and issuers we invest in; and promoting stewardship.

The policy is implemented by Mackenzie's investment boutiques, across applicable funds, through approaches outlined in the policy. The boutiques collaborate

on responsible investing practices through various working groups such as the Climate Champions group. The group is intended to encourage collaboration, training and best practice sharing across all the boutiques.

Our company's money, assets, property or other things of value may not be contributed, loaned or made available to any candidate, party or political committee. While we may, from time to time, make charitable contributions, under no circumstances should charitable contributions be made in an attempt to influence any decision or obtain an advantage. In addition, while we support and respect employees' right to participate in the political process, they are prohibited from using company funds, goods or services as contributions to, or for the benefit of, candidates or political organizations in Canada. The Lobbying Policy establishes a framework for compliance with lobbying legal requirements and outlines employee and Board activity and approval processes.

Mackenzie's Sustainable Investing Policy is approved by our Sustainability Steering Committee, which is chaired by our Head of Sustainability and composed of senior executives. The Mackenzie fund Board of Directors has oversight for the policy and approves new sustainable products. [...] From a corporate perspective, our Sustainability Steering Committee determines our advocacy priorities – these are matters that present the greatest risks based on overall investment exposure; that align with our corporate values; and are issues where we feel we can make the most significant impact. Among our advocacy priorities are board and executive diversity, action on climate change, and good governance.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Our processes to ensure engagement activities are consistent with our climate change strategy are governed by our IGM Executive Sustainability Committee, comprised of our 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 our internal policies, strategies and procedures, including IGM's climate position and commitments, and Mackenzie's climate action plan. The Committees review and/or approves ESG-related policies, commitments, disclosures or positions and strategies.

In 2021, the IGM Executive Sustainability Committee approved IGM's Climate Position Statement that focuses on commitments in three areas, one of which is collaborating and engaging to help shape the global transition.

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

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]Our processes to ensure engagement activities are consistent with our climate change strategy are governed by our IGM Executive Sustainability Committee, comprised of our senior executives from across IGM and its subsidiaries, and the Mackenzie Sustainability Committee and IG Sustainable Investing Committee.