Our lending portfolio is focused primarily on North American-based personal and residential lending, accounting for our lending portfolio in 2017.1 Due to the nature of those lending activities, 88% of our total lending portfolio went to economic sectors that have low and medium direct GHG emissions and approximately 12% was directed to sectors that we have identified as environmentally sensitive.2 Environmental and social due diligence We manage environmental and social (E&S) risk based on a life-cycle approach that begins well before our formal engagement with a client and continues throughout our relationship.