Sustainability Risk Management TMX provides essential services to Canadian capital and global commodity markets. Effectively and consistently managing risks and objective certainty is fundamental to our ability to execute on our enterprise and business strategies. Enterprise risk management facilitates and supports the businesses in meeting their objectives to ensure the outcomes of these activities are transparent and understood, consistent with our risk appetite, appropriately balance risk and reward, and serve as inputs into the enterprise strategy formulation process. For information about our risk management principles, our Objective Centric Risk Management (OCRM) approach and the governance of risk at TMX, please refer to pages 66 to 68 of our 2025 Annual Report and page 30 of our 2026 Management Information Circular. We continue to integrate sustainability objectives and initiatives into our core objectives to manage and respond to key and emerging sustainability and climate risks and opportunities in the long and short-term. Through our OCRM process, we assess sustainability-related risks against our strategic objectives and their sustainability components. This is reinforced by a clear sustainability-specific risk appetite and defined sustainability risk ownership across all organizational levels. Key sustainability risks identified in our recent sustainability materiality assessment, include those related to Cybersecurity and Data Privacy, Technology and Operational Resilience, Corporate Governance, Reputation, Digital Innovation and Artificial Intelligence, and Geopolitical and Policy2. Recognizing that the complex evolution and accelerated pace of change in society, business, and disclosures can impact our ability to attract and retain listings, we prioritize proactive stakeholder engagement through feedback mechanisms, partnerships and materiality assessments. Furthermore, we are enhancing our adaptability by implementing robust horizon scanning and scenario planning, investing in sustainable innovation and technology, and fostering continuous improvement in sustainability risk management. These processes allow us to address these risks and create long-term value. REPORT CONTENTS ABOUT THIS REPORT SUSTAINABILITY STRATEGY SUSTAINABILITY GOVERNANCE PROSPERITY PLANET PEOPLE APPENDICES 8 | TMX GROUP 2025 ANNUAL SUSTAINABILITY REPORT 2 Please refer to our 2025 Annual Report on p. 68 and the following for a more comprehensive list of the top material risks to TMX Group始s business.
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