4 6 | T M X G R O U P S U S TA I N A B I L I T Y R E P O R T 2 0 2 4 REPORT CONTENTS ABOUT THIS REPORT SUSTAINABILITY STRATEGY SUSTAINABILITY GOVERNANCE PROSPERITY PLANET PEOPLE APPENDICES the regulatory constraints that apply to the business of TMX Group and its regulated subsidiaries, costs of on exchange clearing and depository services, trading volumes (which could be higher or lower than estimated) and the resulting impact on revenues; future levels of revenues being lower than expected or costs being higher than expected. Forward-looking information is based on a number of assumptions which may prove to be incorrect, including, but not limited to, assumptions in connection with the ability of TMX Group to successfully compete against global and regional marketplaces and other venues; business and economic conditions generally; exchange rates (including estimates of exchange rates from Canadian dollars to the U.S. dollar or GBP), commodities prices, the level of trading and activity on markets, and particularly the level of trading in TMX Group’s key products; business development and marketing and sales activity; the continued availability of financing on appropriate terms for future projects; changes to interest rates and the timing thereof; productivity at TMX Group, as well as that of TMX Group’s competitors; market competition; research and development activities; the successful introduction and client acceptance of new products and services; successful introduction of various technology assets and capabilities; the impact on TMX Group and its customers of various regulations; TMX Group’s ongoing relations with its employees; and the extent of any labour, equipment or other disruptions at any of its operations of any significance other than any planned maintenance or similar shutdowns. While we anticipate that subsequent events and developments may cause our views to change, we have no intention to update this forward-looking information, except as required by applicable securities law. This forward-looking information should not be relied upon as representing our views as of any date subsequent to the date of this report. We have attempted to identify important factors that could cause actual actions, events or results to differ materially from those current expectations described in forward-looking information. However, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended and that could cause actual actions, events or results to differ materially from current expectations. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. These factors are not intended to represent a complete list of the factors that could affect us. A description of the abovementioned items is contained in the section “Enterprise Risk Management” of the 2024 Annual Report. Additional Caution Regarding Sustainability-Related Disclosures In setting and implementing our Sustainability Strategy, and in preparing this report, we have made various assumptions, including about technological, economic, scientific and legal trends and developments, in light of an evolving policy and regulatory environment. As such, the data, analysis, strategy and other information set out in this report remain under development and subject to evolution, amendment, update and restatement over time. We specifically caution readers of the following: • The terms “sustainability”, “ESG”, “net-zero”, “decarbonization”, “transition finance”, “sustainable finance”, “carbon footprint” and similar terms, taxonomies, criteria and standards are evolving in terms of both meaning and scope. As a result, our use of such terms may vary over time to reflect such changes. Any references to such terms in this document are references to the internally defined criteria of TMX Group and not to any particular jurisdiction-specific regulatory definition or voluntary standard that may exist. • Because of the limitations and uncertainties inherent to sustainability reporting (and climate-reporting in particular), we have relied upon various market practices, methodologies, criteria and standards, and made reasonable approximations and assumptions, in establishing our Sustainability Strategy. However, there are many factors that we may not foresee or be able to accurately predict which may impact our ability to achieve our sustainability-related goals or otherwise achieve the results anticipated by our forward looking statements (please refer to Caution Regarding Forward Looking Information above). These factors include the absence of standardized sustainability-related taxonomies and methodologies and the availability of high-quality data. There could also be changes to existing market practices, taxonomies, methodologies, scenarios, frameworks, criteria and standards that governmental and non-governmental entities, the financial sector, TMX Group and its stakeholders use to classify, assess, measure, report on and verify sustainability and ESG activities, including for inclusion toward our Sustainability Strategy. In some cases, and as noted above, these market practices, taxonomies, methodologies, criteria and standards may not yet exist. We may update our Sustainability Strategy, our plans to achieve them, our progress toward them, and our estimates of the impact of this progress, as appropriate, in light of new and evolving standards.
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