R E S P O N S I B L E I N V E S T M E N T F O R A S U S T A I N A B L E E C O N O M Y

SHAREHOLDER ENGAGEMENT ACTIVITY REPORT

July 1 - September 30, 2011

Q3/11

SHAREHOLDER ENGAGEMENT AT A GLANCE

SHAREHOLDER ENGAGEMENT ACTIVITY REPORT2

contentsShareholder Engagement Highlights 3

Activity Snapshot 4

Environmental 5

Social 7

Corporate Governance 8

Company Progress Summary 11

SHAREHOLDER ENGAGEMENT ACTIVITY REPORT 3

Shareholder Engagement Highlights This report outlines SHARE’s shareholder engagement activities for the third quarter of 2011. SHARE conducts focused and constructive shareholder engagement dialogues with public corporations on behalf of institutional shareholders. The goal of our program is to work with clients to improve the environmental, social and governance (ESG) performance of the companies in their investment portfolios. For more information on SHARE’s Shareholder Engagement Services, please visit http://www.share.ca/engagement/.

This quarter, SHARE engaged with a total of 42 companies covering a range of ESG issues affecting companies within our clients’ investment portfolios, including: oil sands reclamation, sustainable forestry, hydraulic fracturing, child labour in the cotton supply chain and sustainability reporting.

SHARE wrote to Canadian Oil Sands Ltd. and Suncor Energy requesting information on the processes that the companies employ to manage and reclaim their tailings, the stream of waste that results from oil sands mining and whose reclamation has presented significant challenges to companies. Both companies have confirmed receipt of our request for information and have indicated that a response will be forthcoming.

The Ivey Foundation and SHARE continued with engagement efforts regarding paper procurement policies and practices and sustainable forestry. SHARE communicated with Yellow Media Inc. to inquire about its progress in adopting a sustainable procurement policy for paper. The company responded that it is making good progress with its paper suppliers in the elaboration of the policy, and will provide details when the goals it has set for its suppliers are actually met. We also wrote to Quebecor Inc. to ask whether the company had finalized the action plan for its new paper procurement policy at subsidiary TVA Publications. Quebecor indicated that it has not yet finalized the action plan, but confirmed the plan will include targets regarding FSC and recycled fibre use as well as periodic reporting on progress, as SHARE previously recommended to the company.

SHARE continued itsdialogue with Sun Life Financial regarding the company’s promotion of sustainable forestry via lending operations. We wrote to the company to inquire about the wood component of the infrastructure projects the company financed in 2009-2010 that have achieved or are scheduled to achieve LEED certification. Sun Life indicated it does not track and therefore cannot provide the information we have requested, but that it will consider our suggestion to begin tracking and reporting on this information in order to demonstrate its commitment to sustainable forestry and FSC certification in infrastructure lending.

Gildan Activewear Inc. and Canadian Tire Corporation received letters from SHARE regarding the companies’ policies and practices around cotton sourcing, particularly sourcing from Uzbekistan, where the use of child labour is an entrenched practice in the annual cotton harvest. SHARE is part of an international coalition of institutional investors working to engage the Uzbek government to enforce its own labour laws, which prohibit child labour. The coalition is asking companies that use cotton to monitor and trace the source of cotton used in their supply chains, instruct suppliers not to source cotton from Uzbekistan until child labour has been eliminated, and describe the steps being taken to address the issue of child labour in the Uzbek cotton supply chain. SHARE received a response from Canadian Tire Corporation stating that the company believes that any organized use of forced child labour to harvest cotton is completely unacceptable and the company takes the issue very seriously. Gildan Activewear has indicated that it will respond to our request for information shortly.

Sustainability Reporting was a key focusof SHARE’s engagement program this quarter, with a total of 27 companies engaged on this issue. We wrote to 20 companies to ask about their plans to produce sustainability reports in the near future to disclose their

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Corporate Governance Companies 29

Advisory Vote on Executive Compensation

Agrium Inc., Cenovus Energy Inc.

Sustainability Reporting

Canadian Tire Corporation, Canfor Corporation, Corus Entertainment Inc., Eldorado Gold Corporation, Ensign Energy Services Inc., Finning International Inc., George Weston Limited, Great-West Lifeco Inc., Husky Energy Inc., Industrial Alliance Insurance and Financial Services Inc., Intact Financial Corp., Inter Pipeline Fund LP, Jean Coutu Group Inc., Magna International Inc., Major Drilling Group International, Morguard Corporation, Pembina Pipeline Corporation, IESI BFC Ltd. (BFI Canada), Research In Motion Ltd., RONA Inc., Shaw Communications Inc., Tembec Inc., Torstar Corporation, WestJet Airlines Ltd., Onex Corporation, Rogers Communications Inc., Trican Well Service Ltd.

Environment Companies 9

Hydraulic Fracturing EnCana Corporation

Northern Gateway Pipeline

Enbridge Inc.

Oil Sands Reclamation Canadian Oil Sands Limited, Suncor Energy Inc.

Sustainable Forest Management

BCE Inc., Quebecor Inc., Sun Life Financial Inc., TELUS Corporation, Yellow Media Inc.

Social Companies 5

Child Labour and Cotton Supply Chain

Canadian Tire Corporation, Gildan Activewear Inc.

Human Rights Goldcorp Inc.

Sustainable Coffee Sourcing

Tim Hortons Inc.

Precarious Employment in Property Sector

Brookfield Properties

Total Number of Companies

42

Activity Snapshot

social and environmental efforts in a more systematic way, including through key performance indicators that enable analysts to measure performance and progress over time. SHARE received four responses to our requests for information and we will continue to follow-up with the remaining companies in the current quarter.

SHARE also communicated with Intact Financial Corporation, Canadian Tire Corporation, Canfor Corporation, Eldorado Gold Corporation and Husky Energy Inc. to suggest ways these companies could improve their current sustainability disclosure practices, including through the use of the Global Reporting Initiative (GRI) sustainability reporting guidelines and relevant sector supplements. Finally, we provided detailed feedback to Research in Motion Ltd. and Rogers Communications Inc. on their first sustainability reports.

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Environment

Hydraulic FracturingSHARE sent feedback to Encana Corporation on its 2010 Corporate Responsibility report. Our comments focused on the report’s disclosures concerning risk management at Encana, in particular management of risks associated with shale gas extraction operations, including water management and hydraulic fracturing. In response to our inquiry, the company indicated that it expects to post new information regarding water management and hydraulic fracturing, including additional information on the Responsible Products program, by the end of October 2011. Encana also noted that its MD&A, which will be posted by the end of February 2012, constitutes the main public disclosure on risk management, including environmental risk.

Northern Gateway PipelineThis quarter, we wrote to Enbridge Inc. to provide feedback on the company’s 2010 Northern Gateway Project Corporate Social Responsibility Report and request information on two sections of the report, namely, Aboriginal Engagement-First Nations Opposition to Northern Gateway; and Environmental Performance-Spills and Releases. Among other things, we inquired whether Enbridge: 1) Has established a process to determine the necessary degree of approval to a proposed project from relevant Aboriginal or local communities before it proceeds with the project; 2) Has adopted indicators of approval without which the company would withdraw from a project due to substantial opposition by Aboriginal or local communities, and, if applicable, the degree of opposition that would trigger such a decision; and 3) Will provide a more thorough analysis of the potential impacts (and associated costs) of different oil or condensate spill scenarios on the marine environment and surrounding forest ecosystem, including the financial implications for the Northern Gateway project if, due to a large oil spill, the proposed new marine terminal at Kitimat is closed to tanker traffic over various periods of time. The company confirmed receipt of our inquiry and has requested a meeting with us to respond to our inquiry.

Oil Sands ReclamationSHARE wrote to Canadian Oil Sands Ltd. to request information on Syncrude’s centrifugation process and tailings management activities. Centrifugation is one of Syncrude’s key technologies to reclaim its tailings, the stream of waste that results from oil sands mining and whose reclamation has presented significant challenges to companies. The company confirmed it will soon respond to our information request. We also communicated with Suncor Energy Inc. to request information about its Mature Fine Tailings Drying (MFTD) process, also known as the “TRO process.” Suncor has confirmed receipt of our information request and has indicated a response will be forthcoming from their Investor Relations Department.

Sustainable Forest ManagementOur engagement with companies on paper procurement policies and practices and sustainable forest management on behalf of the Ivey Foundation continued this quarter. We wrote to BCE Inc. to inquire whether, as part of its efforts to select responsible suppliers and products, the company has adopted or plans to adopt a sustainable paper procurement policy. We also asked whether BCE’s LEED-certified buildings feature wood certified to the superior standards of the Forest Stewardship Council (FSC).

Plastic Disclosure Project launchedThe Plastic Disclosure Project (PDP), an investor-backed initiative modeled on the Carbon Disclosure Project, was formally launched this September to increase disclosure by companies of their plastic use and their strategies for reducing the environmental impact of plastic. The project will enable investors to better understand the liabilities and opportunities that plastic use presents to companies in their portfolios, and improve the transparency of plastic use within corporate supply chains, operations and materials management. According to a survey commissioned by the PDP, managers with over US$5.8 trillion in assets under management have voiced their support for the PDP. For details, see: http://www.plasticdisclosure.org/ and http://www.nytimes.com/2011/08/15/business/energy-environment/raising-awareness-of-plastic-waste.html?_r=2&emc=eta1

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We also communicated with Quebecor Inc. to ask whether the company has finalized the action plan for its new paper procurement policy at subsidiary TVA Publications, which was scheduled to be developed during the summer. We also inquired whether the plan includes, or will include, targets and commitments regarding FSC and recycled fibre use, and periodic reporting on progress. Quebecor indicated that it has not yet finalized the action plan for the TVA Publications policy, but all the key elements discussed in our note will be part of the plan.

Our dialogue with Sun Life Financial Inc. continued this quarter regarding the company’s promotion of sustainable forestry via lending operations. In 2009, on behalf of the Ivey Foundation, SHARE suggested Sun Life could expand its commitment to sustainable forestry by adopting a policy to give preference to LEED infrastructure projects in its lending operations. Sun Life welcomed our input and indicated it would consider formalizing the practice of giving favourable consideration to new infrastructure projects targeted for LEED certification. In 2009-2010, Sun Life financed numerous infrastructure projects in Canada that have received or are targeted for LEED certification.

In order to better understand the extent to which Sun Life’s lending operations are supporting sustainable forestry, we wrote to the company to inquire about the wood component of the infrastructure projects it financed in 2009-2010 that have achieved or are scheduled to achieve LEED certification. The LEED rating system gives wood certification points only to FSC-certified wood, but that does not necessarily mean all LEED buildings have FSC-certified wood in them. Sun Life indicated it does not track and therefore cannot provide the information we requested, and has no current plans to gather that information going forward. We suggested Sun Life may want to start tracking and reporting on the information we requested in order to demonstrate its commitment to sustainable forestry and FSC certification in infrastructure lending. Sun Life has indicated it will consider our suggestion.

This quarter, we received a response from Yellow Media Inc. to our request for information regarding its progress in developing a sustainable procurement policy for paper at Yellow Pages Group (YPG), and Yellow Media’s plans to start reporting on progress in implementing YPG’s 12-step EcoInitiatives. In its response, the company indicated that it is making good progress with its paper suppliers in the elaboration of a procurement policy for paper, and will provide details when the goals it has set for its suppliers are actually met. Yellow Media also reported that it has achieved significant progress in its “Changing the World one Step at a Time” program and will update its website within the next three months. SHARE indicated that we will follow up with Yellow Media in three months’ time.

Finally, this quarter we wrote to TELUS Corporation to reiterate our request for information about progress achieved by the company to date regarding sustainable paper use and sourcing. Specifically, we asked: 1) whether TELUS has adopted a formal policy for paper use and/or procurement; 2) what percentage of the total paper purchased by TELUS in 2010 was post-consumer recycled paper and if the company is on track to meet the goal of purchasing 100 per cent post-consumer recycled paper by 2012; and 3) what percentage (if any) of the paper purchased by TELUS in 2010 was FSC-certified paper.

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SocialCotton Supply Chain and Child LabourThis quarter, SHARE sent letters to Canadian Tire Corporation and Gildan Activewear Inc. regarding their policies and practices around cotton sourcing, particularly sourcing from Uzbekistan, where the use of child labour is an entrenched practice in the annual cotton harvest. SHARE received a response from Canadian Tire Corporation stating that the company believes that any organized use of forced child labour to harvest cotton in Uzbekistan is completely unacceptable and the company takes the issue very seriously. Suppliers to Canadian Tire are required to source in countries and with business partners that follow workplace standards consistent with international labour standards. SHARE also received a commitment from a representative of Gildan Activewear that the company will respond shortly. In addition, SHARE has been in discussions with the Retail Council of Canada (RCC), an industry-funded association representing the interests of retail stores across Canada. The RCC previously participated in a letter to Uzbek officials requesting a stop to child labour, and has committed to continue encouraging members to support the boycott. SHARE will continue to engage these companies to adopt policies to ensure they do not source cotton from Uzbekistan until the government acts on its own laws, which prohibit the use of forced and child labour.

Precarious Employment and Responsible Real EstateSHARE provided feedback to Brookfield Properties Corporation on the company’s draft Responsible Contracting Policy. In our comments, we encouraged the company to include more explicit criteria regarding responsible contracting, including more specific rules around sub-contracting, as well as establishing stronger monitoring mechanisms to ensure contractor compliance. SHARE will follow-up with the company on its progress in finalizing the policy.

Human RightsGoldcorp Inc. reported that it is taking steps to improve community relations at the Marlin Mine in Guatemala, including revising its grievance mechanisms and land acquisition procedures. It is also taking steps to strengthening its human rights management systems across the company. In July 2011, the Government of Guatemala asked the Inter-American Commission on Human Rights (IACHR) to lift the precautionary measures put in place last year calling for suspension of operations at the Marlin Mine. It claims that human rights security issues have been addressed and that its investigation shows that the Marlin Mine does not harm the environment and the health of communities. The IACHR will consider the Guatemalan Government’s request in October 2011.

Sustainable Coffee SourcingThis quarter, we wrote to Tim Hortons Inc. on behalf of Meritas Funds to provide feedback and request additional information about the company’s new Business Partner and Supplier Code of Conduct (BPSCC), focusing on the Code’s implications for Tim Hortons’ coffee supply chain. Among other things, we inquired whether Tim Hortons is planning to develop a supplement to the BPSCC for coffee suppliers in order to incorporate additional social and environmental requirements that we believe are essential to ensure a sustainable coffee supply at Tim Hortons.

Global cotton brands boycott Uzbek Cotton Uzbekistan is the third largest exporter of cotton worldwide. Despite the prohibition of child labour in Uzbek national law and ILO Convention 38 (On the Minimum Age of Employment) and Convention 182 (On the Worst Forms of Child Labour), the use of child labour is a deeply entrenched practice in the annual cotton harvest and very widespread. SHARE is part of an international coalition working to engage the Uzbek government to enforce its own labour laws, which prohibit child labour. The coalition, which includes members of the international investment community, retailers, trade associations and non-governmental organizations, has been asking companies that use cotton to monitor and trace the source of cotton used in their supply chains, instruct suppliers not to source cotton from Uzbekistan until forced child labour has been eliminated, and describe the steps being taken to address the issue of child labour in the Uzbek cotton supply chain. The coalition has also issued several public statements expressing awareness of the Uzbek cotton issue.

In September 2011, in the midst of New York Fashion Week, 60 of the world’s leading apparel companies and brands, as well as the American Apparel and Footwear Association which includes 800 members, signed a pledge to not knowingly source cotton harvested by forced child labour in Uzbekistan. (Cont’d next page)

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Corporate GovernanceAdvisory Vote on Executive CompensationThis quarter, SHARE wrote to Agrium Inc. and Cenovus Energy Inc. asking both companies to reconsider their decisions to present their shareholders with an advisory vote on executive compensation once every three years. We asserted in our communications that an annual non-binding pay vote is the prevalent and only acceptable practice. We will await a response from both companies and consider next steps.

Sustainability ReportingThis quarter, we wrote to a total of 27 companies regarding sustainability reporting. We approached the following 20 companies to ask about their plans to produce sustainability reports in the near future to disclose their social and environmental efforts in a more systematic way, including through key performance indicators that enable analysts to measure performance and progress over time: Ensign Energy Services Inc., Finning International Inc., George Weston Limited, Great-West Lifeco Inc., IESI BFC Ltd. (BFI Canada), Industrial Alliance Insurance and Financial Services Inc., Intact Financial Corp., Inter Pipeline Fund LP, Jean Coutu Group Inc., Magna International Inc., Major Drilling Group International, Morguard Corporation, Onex Corporation, Pembina Pipeline Corporation, RONA Inc., Shaw Communications Inc., Tembec Inc., Torstar Corporation, Trican Well Service Ltd. and WestJet Airlines Ltd.

Trican Well Service informed SHARE that its next annual report will incorporate a section on sustainability. Trican also highlighted two initiatives it has taken around sustainability disclosure: first, the company will disclose the ingredients of hydraulic fracturing fluids used in the US through FracFocus.org, a voluntary public registry created by two US agencies to provide information about the chemicals used in the hydraulic fracturing of oil and gas wells; second, Trican answered the Carbon Disclosure Project questionnaire for the first time in 2011. SHARE wrote to Trican to express our appreciation for the company’s decision to include a section on sustainability in its next annual report. We clarified that sustainability reports can be produced as sections of corporate annual reports, noting that the GRI Guidelines recognize this and provide useful guidance to companies on how to select the most practical topics first and progressively improve their sustainability reports. We suggested that some of Trican’s sustainability initiatives could serve as the basis of the company’s sustainability reports, including information provided through the 2011 CDP survey, Trican’s public disclosure of hydraulic fracturing fluid ingredients, and the company’s development of new environmentally friendly products to mitigate risks and reap opportunities associated with its hydraulic fracturing products and services.

Magna International Inc. responded that it is familiar with the GRI and, while it is open to discussing its environmental policies and practices in general terms, it does not plan to produce a sustainability report and does not disclose quantitative environmental measures. SHARE wrote a follow-up letter to Magna to inquire whether Magna uses any of the GRI’s key performance indicators internally to gather sustainability performance-related information and/or to measure performance; whether Magna’s CEO or Board of Directors believe that the social and environmental impacts of the company’s operations could potentially affect its bottom line; and about the main reasons why Magna has decided not to report to its shareholders on its environmental and social performance. The company responded simply by inviting us to review its website and public filings, and reiterating its offer to provide general information to shareholders.

The pledge, which is coordinated by the Responsible Sourcing Network and endorsed by companies from Wal-Mart to higher-end fashion leaders like Nordstrom’s and Gucci, shows the growing concern among some of the largest companies about labor rights abuses in Uzbekistan. Other companies, like Urban Outfitters, Toys R Us and Forever21, continue to be silent on this issue. Furthermore, International Management Group (IMG), the company that organizes New York Fashion week, has cancelled a catwalk showing of the latest collection by Gulnara Karimova, daughter of Uzbekistan’s president Islam Karimov, in response to human rights concerns around the cotton harvest. IMG has also committed to working with human rights groups after New York Fashion Week to monitor the human rights situation in Uzbekistan.

Say When on Pay U.S. companies with market capitalization of more than US$75 million are required to provide their shareholders with a say on pay at meetings taking place after January 21 2011. They are also required to poll their shareholders on how frequently pay votes will occur in the future - every one, two or three years. This vote has been dubbed Say When on Pay.

A July 2011 report by Semler Brossy Consulting Inc. indicates that the majority of shareholders of Russell 3000 Index companies voted to have their Say on Pay every year.

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SHARE also communicated with Canfor Corporation, Canadian Tire, Eldorado Gold Corporation, Husky Energy Inc., and Intact Financial Corporation to suggest ways that these companies could improve their current sustainability disclosure practices through the use of the Global Reporting Initiative (GRI) sustainability reporting guidelines and relevant sector supplements to help in the production of their sustainability reports. In our letter to Canfor Corporation, we suggested that the use of additional key performance indicators and other metrics could help the company produce more detailed sustainability reports and enable analysts to measure progress and performance over time.

Husky Energy Inc. responded to our request indicating that it produces full sustainability reports every two years, with updates in intervening years, and referred us to its newly released 2010 Sustainable Development Update. The company said that it has given consideration to the GRI Guidelines but has not taken a decision on whether to produce GRI reports. Husky also noted that its Environmental Performance Reporting System, launched in 2008, is being successfully deployed across the company and has enabled Husky to participate in the Carbon Disclosure Project (CDP) and CDP Water Disclosure questionnaires. SHARE responded by providing constructive feedback on Husky’s 2010 Sustainable Development Update and other relevant materials, which we hope will be helpful to Husky in the production of its next full-fledged sustainability report. Our comments focused on a number of key issues and indicators that are of particular relevance to Husky’s operations, and which refer to steps undertaken under the company’s Environmental Performance Reporting System or other commitments or initiatives described in company materials.

We also received a response from Intact Financial Corporation indicating that it plans to expand the scope of its Public Accountability Statements (PAS) by integrating additional key performance indicators and more information on its sustainability initiatives and progress. Intact said it intends to expand its understanding of the GRI reporting framework, which will help with the production of the its 2011 PAS and eventually GRI-compliant sustainability reports. In response, SHARE commended the company for its decision to incorporate additional key performance indicators and detailed information on its sustainability efforts and progress in its upcoming PAS, and to use GRI Guidelines to produce the report. We offered to provide feedback on Intact’s upcoming PAS before it is released to the public, or to suggest key elements Intact Financial could include in upcoming PAS to satisfy the needs of investors.

Canadian Tire indicated it sees sustainability as a business strategy, and therefore seeks to integrate its business sustainability reporting with its financial reporting. The company directed us to sustainability performance data contained in its core documents and in its Business Sustainability quarterly progress reports. It stated that it is familiar with the GRI, but uses it primarily as a “reference tool.” We responded by providing constructive feedback on Canadian Tire’s current disclosures, in particular the Business Sustainability quarterly progress updates, which provide information on estimated savings and/or avoided costs or emissions associated with Canadian Tire’s greenhouse gas emissions, energy use, product packaging and waste.

We indicated that while the updates explained Canadian Tire’s sustainability initiatives and their positive environmental and financial impacts, institutional investors also seek information on actual performance achieved (e.g., total volumes of waste generated, waste recycled, and GHGs emitted during a given period). Performance indicators are crucial to measure a company’s social and environmental impacts, and to enable valid comparisons between a company and its peers. We therefore suggested inclusion of performance indicators in future reports. We further indicated future reports will be strengthened if they incorporate measurable targets for existing sustainability initiatives and policies, which are discussed on Canadian Tire’s website and annual reports.

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Finally, SHARE provided feedback to Research In Motion Ltd. and Rogers Communications Inc. on their first full-fledged sustainability reports. Our comments to Research In Motion (RIM) focused on three areas we hope will help RIM enhance the scope and quality of upcoming corporate responsibility reports: 1) Discussion of key achievements and failures for the reporting period, and major challenges for the next 3-5 years, in future co-CEOs statements; 2) Setting of, and reporting on, measurable sustainability goals, such as carbon footprint, supply chain issues (focusing on human and labour rights and conflict minerals), recycling and waste management; and 3) Additional information on a number of GRI key performance indicators. In our feedback to Rogers Communications, we expressed appreciation for the company’s use of the GRI Guidelines and inclusion of a GRI Index and several key performance indicators in the report, as we suggested in earlier communications with Rogers. Our comments focused on three key areas where we would like to find additional information in upcoming sustainability reports, namely: 1) Rogers’s Environmental Management System (ESM) and goals, timelines and/or performance indicators on a number of environmental issues identified as priorities; 2) Product Stewardship; and 3) Recycling and waste diversion.

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Company Progress Summary

Company Topic Progress

Agrium Inc. Advisory Vote on Compensation 1

BCE Inc. Sustainable Forestry 1

Brookfield Properties Corporation Precarious Employment in Real Estate Sector u

Canadian Oil Sands Limited Oil Sands Reclamation 1

Canadian Tire Corporation Ltd. Cotton Supply Chain and Child Labour 1

Canadian Tire Corporation Ltd. Sustainability Reporting u

Canfor Corporation Sustainability Reporting 1

Cenovus Energy Inc. Advisory Vote on Executive Compensation 1

Corus Entertainment Inc. Sustainability Reporting 1

Eldorado Gold Corporation Sustainability Reporting 1

Enbridge Inc. Gateway Pipeline 1

Encana Corporation Hydraulic Fracturing u

Ensign Energy Services Inc. Sustainability Reporting 1

Finning International Inc. Sustainability Reporting 1

George Weston Limited Sustainability Reporting 1

Gildan Activewear Inc Cotton Supply Chain and Child Labour 1

Goldcorp Inc. Human Rights u

Great-West Lifeco Inc. Sustainability Reporting 1

Husky Energy Inc. Sustainability Reporting u

IESI BFC Ltd. (BFI Canada) Sustainability Reporting 1

Industrial Alliance Insurance and Financial Services Inc.

Sustainability Reporting u

Intact Financial Corp. Sustainability Reporting p

Inter Pipeline Fund LP Sustainability Reporting u

p Positive u On Track/Neutral q Negative/ No Response 1 Response Pending

Company Topic Progress

Jean Coutu Group Inc. Sustainability Reporting 1

Magna International Inc. Sustainability Reporting q

Major Drilling Group International Inc. Sustainability Reporting 1

Morguard Corporation Sustainability Reporting 1

Onex Corporation Sustainability Reporting 1

Pembina Pipeline Corporation Sustainability Reporting 1

Quebecor Inc. Sustainable Forestry u

Research In Motion Ltd. Sustainability Reporting u

Rogers Communications Inc. Sustainability Reporting 1

RONA Inc. Sustainability Reporting 1

Shaw Communications Inc. Sustainability Reporting 1

Sun Life Financial Inc. Sustainable Forestry 1

Suncor Energy Inc. Oil Sands Reclamation 1

TELUS Corporation Sustainable Forestry 1

Tembec Inc. Sustainability Reporting 1

Tim Hortons Inc. Sustainable Coffee Sourcing 1

Torstar Corporation Sustainability Reporting 1

Trican Well Service Ltd. Sustainability Reporting u

WestJet Airlines Ltd. Sustainability Reporting 1

Yellow Media Inc. Sustainable Forestry u

Total Companies: 42

p Positive u On Track/Neutral q Negative/ No Response 1 Response Pending

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