Investor Presentaiton

ESG Market Overview Market Trends » Moody's forecasts global issuance of green, social and sustainability bonds - collectively referred to as sustainable bonds - to exceed $1.3 trillion in 20221 >> ESG is now a clear attribute that allows an entity to distinguish itself from competitors and they risk losing business or damaging their reputation if they don't have an ESG offering, strategy or position >> Stakeholder pressure and market momentum - >> Boards & senior leaders across all customer segments (Corporates, Asset Managers, Banks, Insurance, etc.) need to be able to articulate and quantify their ESG strategy to a range of stakeholder groups (e.g., customers, investors, governments) >> Global initiatives (e.g., Net-Zero) are being led by the largest organizations in an attempt to shape policies and outcomes; the largest organizations can't afford to be on the sidelines Sustainable bonds set to reach record volumes 1 Annual Issuance ($ billions) $1,400 $1,200 $1,000 $800 ~61% CAGR $600 $400 $200 $0 2019 2020 ■Green Bonds 2021 ■Social Bonds ■Sustainability-linked Bonds 2022E ■Sustainability Bonds Percentage of assets invested sustainably³ 2020 2025 50% 40% Climate data and analytics markets continue to grow² Annual Spending ($ millions) $3,000 $2,500 -23% CAGR $2,000 $1,500 ~$1.2B $1.4B $1,000 $500 60 ~$2.3B $2.7B $0 2021E 2025E 30% >> Regulation and Disclosure Obligations - the pace of regulatory updates has not slowed down as governments around the world are following the example of the EU and global task 20% 10% 1. Source: Moody's Investors Service "Sector in-depth: Sustainable Finance - Global - Sustainable bonds to hit record $1.35 trillion in 2022", January 31, 2022. 2. Source: Name withheld; excludes consulting services and the insurance segment except for investment portfolios and disclosures. 0% سيال Global EMEA APAC 3. Source: "Global Sustainable Investing Survey" report published by BlackRock, July-September 2020. Moody's | Better decisions Americas 53 4Q & FY 2021 Investor Presentation

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