1Q 2021 Investor Presentation slide image

1Q 2021 Investor Presentation

Sustainable bonds set for record volumes1 600 -42% CAGR 400 300 200 100 0 2019 2020 2021E ■Green Bonds Social Bonds Sustainability Bonds Annual Spending ($ millions) ESG & CLIMATE RISK Spend on ESG data & metrics growing rapidly² 1,000 800 600 400 -23% CAGR 200 0 2019 2020E ESG content 2021E ESG indices ESG Market Overview Market Trends » Multiple drivers and stakeholders supporting the growth of ESG, with increasing relevance to corporates, banks, insurers, investors, governments and consumers » Moody's forecasts global issuance of green, social and sustainability bonds collectively referred to as sustainable bonds - will hit a record $650 billion in 20211 - » Sustainability linked financing emerging as a key alternative to "use of proceeds" green issuance, expanding the potential issuer base » Increasing governmental focus on climate and sustainable debt market growth and development Central banks focused on managing climate change related systemic risks EMEA - EU driving towards standardization of ESG taxonomy, disclosures and reporting standards Annual Issuance ($ billions) 50% 40% 700 30% 500 Percentage of assets invested sustainably³ 2020 2025 سيال U.S. - The Biden administration is taking a whole-of-government approach to tackle climate change including focusing on disclosures and Climate as a source of systemic risk 20% 10% 1. Source: Moody's Investors Service "Sector in-depth: Sustainable Finance - Global - Sustainable bond volumes to top $650 billion in 2021", February 4, 2021. 0% 2. Sources: McKinsey and Opimas, March 2020. Global EMEA 3. Source: Global Client Sustainability Survey, July - September 2020. BlackRock. Moody's | Better decisions APAC Americas 1Q 2021 Investor Presentation 51
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