Proxy Alert: Shareholder Proposal on Pay Equity at SNC-Lavalin Group Inc. - Recommendation: Vote FOR Proposal 5 shareholder proposal on conducting

The company acknowledges the material importance of diverse and equitable workforce to long-term shareholder value and has identified gender inequality as a key UN sustainable development goal it wishes to address. [...] Nine OECD countries mandate systematic gender wage gap reporting for private sector companies,iii for instance, and New Zealandiv and Irelandv are moving to join Francevi and the UK in requiring the public reporting of select pay gap measures. [...] In 2022, SHARE filed a proposal, on behalf of the Laidlaw Foundation, that requests the company: report to shareholders on the outcomes of their diversity, equity and inclusion efforts by publishing comprehensive quantitative data on workforce composition (e.g., recruitment, retention and promotion rates) and compensation practices (e.g., wages, bonuses and access to benefits) by gender, race and. [...] Family health benefits and access to leave policies, according to a recent article in the Harvard Business Review, are particularly important to female job-seekers.xii The OECD’s 2021 policy brief on pay transparency identifies low quality reporting and lack of data as a major obstacle in addressing the gender pay gap, noting “pay transparency policies give workers, employers and the public an imp. [...] When a company releases meaningful data on its workforce composition alongside its rates of promotion, recruitment, and retention of diverse employees it illustrates...[acknowledgement that] discrimination is a systemic problem in corporate America, [its] commitment to be accountable to its employees … [willingness to allow] investors and other stakeholders to assess and compare the effectiveness.