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POLICY PUBLIC/NOT RESTRICTED BCI ESG Governance Policy 2 of 8 April 11, 2024 1. SUMMARY 1.1 The Public Sector Pension Plans Act (British Columbia) (the "Act") assigns responsibilities to the Board of Directors (the "Board") and in discharging these responsibilities, the Board's mandate requires it to adopt a risk management framework for BCI. The Board has approved an Investment Risk Management Policy which includes the consideration of environmental, social and governance ("ESG") risks. The Act requires the Board select and appoint a chief investment officer (CIO) to ensure that risk and returns are managed in a prudent and appropriate fashion. The Act mandates that the CIO is the chief executive officer (CEO) (hereafter "CEO/CIO"). 1.2 In providing investment management services to British Columbia's public sector, BCI's role is to partner with clients to generate investment returns that will help clients provide a financially secure future to their members. With a global outlook, BCI seeks investment opportunities that will meet clients' risk and return requirements over the long-term. This compels BCI to integrate material ESG matters into investment decisions and activities. 1.3 ESG matters make a difference, especially over the long-term; and this is a belief that is shared by clients. As a fiduciary and universal owner, BCI has an obligation to proactively address ESG risks and opportunities as part of BCI's investment strategy to create long-term sustainable value for clients. 2. PURPOSE 2.1 The purpose of this ESG Governance Policy (the "Policy") is to establish the governance framework and related roles and responsibilities for the oversight of the management of ESG at BCI. The Policy assists the Board and the CEO/CIO to fulfill their respective responsibilities for the governance and oversight of ESG investment risk under the Act and the Board of Directors Mandate. 2.2 For the purposes of this Policy, BCI considers ESG to be synonymous with 'responsible investing' and 'sustainable investing.' 2.3 The Policy is aligned with BCI's commitment to the Principles for Responsible Investing (PRI), to which BCI is a founding signatory. 3. SCOPE 3.1 This Policy is applicable to Personnel.