Investor Presentaiton

Renewed Sustainable Finance Strategy • • • • • ESG specific laws will have a knock-on impact and, in many cases, result in amendments to existing requirements for Investment Managers, e.g. amendments are proposed to the UCITS, AIFM and MiFID Directives The European Green Deal, in tandem with the recovery from the COVID-19 crisis will significantly increase the investment efforts needed across all sectors - a green recovery? A Renewed Sustainable Finance Strategy was launched in April 2020 to: • • Contribute to the objectives of the European Green Deal Investment Plan, in particular to create an enabling framework for private investors and the public sector to facilitate sustainable investments; and Build on previous initiatives and reports, such as the Sustainable Action Plan and the reports of the Technical Expert Group ("TEG") on Sustainable Finance The EU has launched a consultation which will close on 15 July 2020 Other developments • • European Supervisory Authorities ("ESAS") have issued a public consultation on proposed regulatory technical standards ("RTS") with regard to content, methodology and presentation of sustainability-related disclosures. Six of these RTS must be delivered by 30 December 2020 and one must be delivered by 30 December 2021. Draft RTS address areas from "do not significantly harm" principle to guidance on nature and extent of pre-contractual exposures, website disclosures and content required in ESG periodic reports. Work on amendments to level 2 rules for UCITS, AIFs have stalled owing to regulatory focus on liquidity management and leverage. KPMG © 2020 KPMG, an Irish partnership and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved. 30

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