As with all asset classes at LBA, ESG factors are integrated into the investment process. For SSAs in particular, we meet with Canadian federal and/or provincial treasurers, often at conferences. LBA's only exposure to SSAs is in Canada, which is recognized as a diversified and stable economy, rich in natural resources and low risk in terms of governmental and legal systems. However, we are aware of the increased sensitivities and dependencies of certain provinces in Canada in terms of natural resource production.
In meetings with federal and/or provincial treasurers, we make inquiries as to their spending and fundraising plans, with environmental and social issues forming part of the discussion. LBA makes an effort to ask questions on the topic of green and social bonds etc., hoping to raise awareness of and demand for sustainable finance products.