Investor Presentaiton

Climate strategy The objective of our Climate Strategy is to support the global transition to net-zero emissions by 2050 by striving to integrate climate risks, unlock investment and carbon reduction opportunities associated with climate-aligned assets, strengthen carbon disclosure, and enhance collaboration with a wide range of stakeholders. We anticipate reducing our portfolio GHG emissions intensity by 20-25% by 2026 relative to a 2021 baseline*. Leadership & Collaboration PSP Engagement & Disclosure Physical risks Transition risks Integration Investment & Management Opportunities See our Climate Strategy Roadmap & our Corporate View on Climate Change 18 *Applies to 77% of AUM as at Sept. 30, 2021 (unaudited mid-year AUM) Short-Term Targets Green Asset Taxonomy Green Assets Transition Assets Carbon Intensive Assets Rest of Fund Dark Green Light Green Enabling Early Mature High Carbon Hard to Abate C$ 70B by 2026 (from C$ 40.3B in 2021) C$ 7.5B by 2026 (from C$ 5.1B in 2021) C$ 3.9B by 2026 (from C$ 7.8B in 2021) - Investments where carbon emissions are not a relevant consideration or where data is unavailable GHG data for 80% of in-scope portfolio by 2026** Assets representing 50% of our carbon footprint will have mature, science-based transition plans by 2026 **We have recently partnered with WSP to support climate analysis of timberland and farmland PSP - Sustainable financing

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