Investor Presentaiton

Perception gap between investors and CEOs on climate-change threat and energy transition exposure In a world increasingly dedicated to mitigating its environmental footprint, businesses are actively striving for greater sustainability. Building a better business for a net-zero world often requires tough trade-offs. Investors see the benefits of action but are unwilling to accept lower returns. Customers push companies to change but don't want to give up convenience and low prices. By several measures, investors are more concerned than CEOS that climate change will have meaningful implications for businesses. Those concerns prompt business leaders to not only act on climate, but to present a credible rationale for their decisions. By linking climate action with value creation, CEOs can provide the leadership that the capital markets are seeking. Investors CEOs Climate- change threat exposure, next 12 months 1.6x Climate- 1.9x odds that odds that investors expect greater exposure than CEOS 60% change threat exposure, next 5 years investors expect greater exposure than CEOS 60 Energy transition's effect on profitability, next 10 years 1.4x odds that investors expect a greater effect than CEOS Investor are more likely than CEOs to say that climate change will affect companies financial performance across multiple time horizon 60 50% 46% 40 40 20 27% 26% 37% 26% 21% 49% 37% 40 31% 28% 22% 34% 25% 20 27% 20 22% 14% 0 0 "highly" Sum of "Moderately" "Slightly" "extremely" exposed and and "minimally" exposed exposed Sum of "Moderately" "Slightly" "extremely" exposed and and "minimally" "highly" exposed exposed Sum of "Moderate" "very large" extent and "large" extent "Limited" extent Note: Odds ratios are based on regression analysis of two sets of survey findings. Source: PwC's 26th Annual Global CEO Survey, PwC's Global Investor Survey 2022, original analysis 81% of investors will tolerate only a small decrease in profitability in exchange for ESG actions Source: PwC's Global Investor Survey 2022 Companies and investors need to find the right balance between short-term performance requirements and the action needed to meet longer-term goals by doing four steps below: 1. Defining Your Sustainability Purpose: Are you shaping your company's vision around sustainability, or merely adhering to legal and regulatory prerequisites? 2. Crafting Your Unique Narrative: What compelling sustainability focus and strategy can you weave, one that harmonizes the interests of investors and various stakeholders with your corporate sustainability mission? 3. Cultivating Trust: Do you possess a profound understanding of investors' expectations regarding sustainability? Are you demonstrating a consistent commitment to these expectations in every facet of your operations and transparently disclosing pertinent metrics? 4. Investing with Impact: To what extent does your allocation of resources into sustainability-related investments align with solutions that wield the most significant influence on combatting climate change and securing your long-term prosperity? PwC 6

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