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BLOOMBERG FOR ENVIRONMENTAL,SOCIAL & GOVERNANCE ANALYSISA Bloomberg Professional Service OfferingLOOKBEYOND

CONTENTS02 BLOOMBERG FOR ENVIRONMENTAL,SOCIAL & GOVERNANCE ANALYSIS03 S EAMLESSLY INTEGRATED WITH THEBLOOMBERG PROFESSIONAL SERVICE04 T HE BENEFITS OF BLOOMBERG’SESG SOLUTION05 WHO WE SERVE06 TOTAL TRANSPARENCY08 COMPANY ANALYSIS10 FIXED INCOME RESEARCH11 NEWS & ANALYSIS12 RESEARCH PLATFORMS14 SEAMLESS INTEGRATION

BLOOMBERG FORENVIRONMENTAL,SOCIAL &GOVERNANCEANALYSIS //////////POWER YOUR ANALYSISEnvironmental, social and governance data, commonly referred to as ESG, measures of valuation risk derived froma company’s operational decisions, HR policies and practices, and corporate governance structures.Investors and corporate executives are increasingly embracing the concept that ESG information—resource efficiency,good community relations, training and developing the workforce, and board/committee structures, for example—maydirectly impact companies’ reputation, value and performance. Governments, regulatory bodies and exchanges areencouraging more ESG data disclosure and, crucially, the standardization and verification of ESG data disclosure.ENVIRONMENTALSOCIALGOVERNANCECarbon emissionsSupply chainCumulative votingClimate change effectsDiscriminationExecutive compensationPollutionPolitical contributionsShareholders’ rightsWaste disposalDiversityTakeover defenseRenewable energyHuman rightsStaggered boardsResource depletionCommunity relationsIndependent directors

SEAMLESSLYINTEGRATED WITHTHE BLOOMBERGPROFESSIONALSERVICE ////////ESG AT BLOOMBERGAs a fully integrated feature of the Bloomberg Professional service, ESG data is displayed in the same screen as thefundamental data that investors, analysts and corporateexecutives use every day. Like all Bloomberg offerings,ESG is a truly global product.BLOOMBERG’S ESG METHODOLOGYBloomberg ESG data is collected from company-sourcedfilings such as Corporate Social Responsibility reports,annual reports, company websites and a proprietaryBloomberg survey that requests corporate data directly.Bloomberg has researched 20,000 companies worldwideacross more than 50 countries, covering virtually theentire investable universe that disclose ESG data. Noneof this data is estimated or derived; every data field hastransparency back to a company document.ESG GLOBAL COVERAGE —Bloomberg provides ESG dataon over 10,000 //////////////////////////////////To invest in accordance with the Principles for Responsible Investment (PRI), investors needthe depth and breadth of ESG data to track the performance of investment portfolios acrosssectors, market segments, and geographies. Bloomberg is a platform that offers the fullintegration of over 700 ESG ///////////////////////////////////LOOK BEYOND 02 // 03

THE BENEFITS OFBLOOMBERG’SESG SOLUTION////////////SEE HOW YOUR PORTFOLIO STACKS UPCompare your portfolio with any benchmark usingBloomberg’s ESG data. Determine the relative energyintensity, water intensity, carbon footprint, health andsafety profile, or diversity profile of your holdings byreviewing each sector or company’s ESG performanceagainst the constituents of your benchmark.With Bloomberg’s extensive ESG database you can also:» Check the transparency of the companies you ownin terms of their ESG disclosure» Determine your over/underexposure to any givenESG measure» Screen companies on a customized universe andscore them on ESG factors for portfolio inclusion» See how ESG affects net income and P&L» Measure supply chain risk» Analyze complete industries against various ESG factors» Find compensation and other information abouttop-ranking executives and board members» Review important legislation» Locate corporate filings» Obtain price details for ethical and sustainability indicesEVERYTHING YOU NEED INONE CONVENIENT LOCATIONBloomberg ESG information is fully integrated withBloomberg’s cutting-edge analytics and convenientlydisplayed alongside our industry-leading fundamentaldata. You also have access to objective, up-to-the minuteglobal news that is specifically tied to ESG and SociallyResponsible Investing (SRI) topics.ESG Help Page — NavigateBloomberg’s ESG offering andlearn how you can most effectivelyincorporate this resource into yourorganization’s workflow.

WHO WESERVE ///////////////A broad audience—from conventional investorsto niche playersSell-sideResearchShopsEquity &Fixed ioManagersConsultantsESG GO ond collecting and comparing data, Bloomberg seeks to be a standard-setter inESG. Through relationships with major global not-for-profit organizations, Bloombergis aggressively working to increase the number of companies disclosing ESG dataand to improve the quantity and quality of that ////////////////////////////////////LOOK BEYOND 04 // 05

TOTALTRANSPARENCY///////////////////FINANCIAL ANALYSIS — FA ESG GO ESG information is displayed in the same template as fundamental data for complete transparency.CRITICAL CONTENT —Curated templates display abroad array of company data,including environmental, socialand governance tabs, enablingyou to identify trends and analyzethe value of potential investments.MANAGEMENT PROFILE — MGMT GO Quickly identify conflicts of interest or board interlocks for a specific company.EXPLORE COMPANYLEADERSHIP — Displayinformation about a company’stop-ranking executives and boardmembers on current and historicalbases. Create and update alertsfor a specific security orsecurity list.

COMPANY-SOURCED DOCUMENTSData verification is as easy as one click on a particular datapoint, which shows you the exact source.COMPLETE DATATRANSPARENCY — Getconsistent presentation of newdatasets, creating comfort andacceptance among thoseunfamiliar with ESG factors.BOARD/EXECUTIVE COMPENSATION – FA EXEC GO Evaluate whether the interests of shareholders and management appear to be in alignment.BOARD/EXECUTIVECOMPENSATION —Display total compensationpaid to board members andexecutives and assess the linkto company performance.LOOK BEYOND 06 // 07

COMPANYANALYSIS ////////////ESG SCORECARD TOOL — XLTP XSCR GO Assess, rank and score company and portfolio performance on environmental, social andcorporate governance metrics.MEASURINGPERFORMANCE — In-depthscoring and valuation ofcompany and portfolioESG performance basedon customizable fieldsand peer groups.EQUITY SCREENING — EQS GO Screen and score companies with the most attractive ESG disclosure.SOPHISTICATED SEARCHES —Create broad screens to determinea customized universe of stocks.The results will include a uniqueESG rating for each stock, as wellas the ESG performance for eachcriterion in your selected universe.

RELATIVE VALUATION — RV GO Compare a company with its peers on a wide variety of ESG factors.INDUSTRY-SPECIFICMETRICS — Users can selecttheir own indicators to analyzeacross a peer group based on theissues they believe to be material.COMPANY FILINGS – CF GO Access any company’s registration statements, periodic reports and other documents.ALL PUBLIC DOCUMENTS —Search thousands of publiclyavailable filings and transcriptsto find details that are relevantto your business.LOOK BEYOND 08 // 09

FIXED INCOMERESEARCH/////////////FIXED INCOME ESG ANALYSIS – SRCH GO Build detailed fixed income searches using Bloomberg’s extensive selection of ESG data fields.ISSUER ESG SCREENING —Review ESG indicator performanceat issuer level on custom listsgenerated from Bloomberg’scorporate bond database.GREEN BONDS SEARCH – SRCH GO Generate, save, and update searches on the latest green bond issuers.GREEN BOND ISSUERS —Screen for green bonds issuedfor environmental or sustainabilityrelated developments as a categoryof proceeds.

NEWS &ANALYSIS ////////////ESG NEWS – TOP ESG GO Set up story filters to display topics in the order and depth you want.ESG NEWS — Straightforwardsearch tools help you quickly findnews on any asset class, security,person or source.NEWS TRENDS — NT GO Research ESG news-related trends that might impact market activity.BOTTOM LINE IMPACT — Chart ESG news story countsand historical market data toresearch, save and shareESG market impact.LOOK BEYOND 10 // 11

RESEARCHPLATFORMS//////////////BLOOMBERG INDUSTRIES — BI GO Proprietary Bloomberg ESG research by industry and theme.INDUSTRY INSIGHTSON ESG — See the correlationbetween long-term share valueand performance on a numberof ESG measures.COUNTRY ESG RISK – XLTP XECR GO Compare countries on their environmental, social and strategic governance performance.SOVEREIGN RISK — Performsovereign ESG-themed riskanalysis with 40 data fields,including total coal consumption,net migration, and life expectancy.

LITIGATION SUMMARY – LITI GO Review law reports and important legislation on energy, emissions and CO2 markets.SEE A COMPANY’S LEGALISSUES — Discover quicklywhere and why a company isinvolved in litigation. Display thetotal number of cases in which thecompany is a party, as well as abreakdown of the cases by typeand time period.SUPPLY CHAIN RISK – SPLC GO Analyze customer, supplier and competitor relationship data graphically or in tabular form,as well as customize the criteria as needed.SUPPLY CHAIN EXPOSURE —Bloomberg can track suppliersand suppliers’ suppliers andanalyze dependencies.LOOK BEYOND 12 // 13

SEAMLESSINTEGRATION////////////////CUSTOM DATA EDITOR — CDE GO Upload and share custom ESG scores generated from the Bloomberg ESG Scorecard,or from third-party data.CUSTOM DATA — Share anyESG ratings, rankings or scoreswith colleagues across your firmfor use in portfolio monitors, equity screens, and client reporting.INTERNAL RESEARCH HOMEPAGE – IRH GO Upload and share internally your own research reports, company visit notes and commentary.RESEARCH SHARING —Set up a homepage for all internalESG research which can bequickly filtered by industry,portfolio, topic, or analyst.

PORTFOLIO ANALYSIS — PORT GO Make quicker, more informed decisions and measure market-related andsecurity-specific risk exposures.UNDERSTANDPERFORMANCE —After selecting stocks thatmeet your ESG requirements,you can construct a portfolio anddetermine whether it performsbetter than a given benchmark.INTERACTIVE MAPS — BMAP GO Generate maps for various categories, including energy assets, mines, rackpricing, plant capacity and pipeline flow rates.ENERGY & COMMODITIESMAPS — Combine multiplestreams of spatial data into asingle big picture in real time tocreate more impactful reportingand analytics.LOOK BEYOND 14 // 15

ABOUT THEBLOOMBERGPROFESSIONALSERVICEBloomberg, the global business and financial informationand news leader, gives influential decision makers acritical edge by connecting them to a dynamic networkof information, people and ideas. The company’s strength–delivering data, news and analytics through innovativetechnology, quickly and accurately–is at the core of theBloomberg Professional service, which provides real-timefinancial information to more than 315,000 subscribersglobally. Bloomberg’s enterprise solutions build on thecompany’s core strength, leveraging technology to allowcustomers to access, integrate, distribute and managedata and information across organizations more efficientlyand effectively.Through Bloomberg Law, Bloomberg Government,Bloomberg New Energy Finance and Bloomberg BNA,the company provides data, news and analytics todecision makers in industries beyond finance. And,Bloomberg News, delivered through the BloombergProfessional service, television, radio, mobile, theInternet and two magazines, Bloomberg Businessweekand Bloomberg Markets, covers the world with more than2,400 news and multimedia professionals at 146 bureausin 72 countries. Headquartered in New York, Bloombergemploys more than 15,000 people in 192 locationsaround the world.16 // 17 LOOK BEYOND