Bill C-59 - Amendments to Competition Act (Canada)

Recent amendments to the Competition Act have created significant uncertainty as to how companies may communicate about environmental risks and opportunities (including goals) in compliance with their legal obligations. There is uncertainty on how this new legislation will be interpreted and applied going forward. This legislation does not change our commitment to the environment and to ensuring safe, reliable operations, only the way in which we are publicly communicating these aspects of our business. To the extent the Competition Bureau can provide clarity on the legislation through specific guidance, this will help guide our future communications in this regard.

The information included on our website regarding the environment and our sustainability-related goals, including for greater certainty, our ESG Report (the “ESG Information”), does not constitute an active representation of Mattr. Mattr disclaims any liability in respect of the use of such information and undertakes no obligation to update such information except as required by applicable law.

The ESG Information has been developed with reference to internationally recognized methodologies for sustainability reporting, including the GHG Protocol, 2022 Global Reporting Initiative (GRI) framework and the Task Force on Climate-Related Financial Disclosure, the latter of which now forms part of the IFRS (International Financial Reporting Standards) Foundation’s International Sustainability Standards Board, Sustainability Accounting Standards Board and United Nations Sustainable Development Goals. Mattr’s statements regarding the environment and its sustainability-related goals are qualified by:

1. the methodology employed by Mattr in developing its sustainability-related goals and reporting thereon, including the assumptions relevant thereto, as described more particularly in its most recent ESG Report;
2. the material risks and uncertainties associated with achieving such sustainability-related goals, including: our ability to successfully implement our strategic priorities and whether they will yield the expected benefits (or on their anticipated timelines), our plans and strategies to improve ESG performance and mitigate ESG-related risks, that current technologies or technologies that are anticipated to be available are sufficient to achieve our ESG goals; support from various levels of government; the development of a favorable and stable regulatory framework; commercial application of future technologies; and access to all technology and equipment, among other risks and uncertainties, as set out in our annual information form for the year ended December 31, 2023 and our management’s discussion and analysis for the year ended December 31, 2023, available on our SEDAR+ profile at sedarplus.ca.

 Please be advised that references on our website to emissions are limited to scope 1 and 2 emissions (unless otherwise stated). Reported GHG data and metrics from previous periods may be restated or adjusted to account for structural changes, discovery of errors, changes to methodology and standards and/or accuracy improvements. We continue to update our systems to improve data accuracy and timeliness of data delivery.