Investor Presentaiton

Empirical evidence about ESG and performance. MSCI World SRI vs. MSCI World (since inception). MSCI EM ESG Leaders vs. MSCI EM (since inception). 120.0% 100.0% 100.0% 80.0% 60.0% 40.0% 20.0% -60.0% 0.0% -20.0% 07 -4.0% 01.08.200 .08.2009 01.0010 01.08.20 MSCI World SRI (Net Return, USD) 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% KPMG 01.08.2007 01.08.2008 01.08.2009 01.08.2010 01.08.2011 01.08.2012 01.08.2013 Active Return MSCI World SRI vs. MSCI World (both Net Return, USD) 01.08.20 01.08.2013 01.08.2014 01.08.2015 01.08.2016 01.08.2017 01.08.2018 80.0% 60.0% 40.0% 20.0% 0.0% MSCI World (Net Return, USD) 80.0% 70.0% 60.0% 50.0% 40.0% 01.08.2014 01.08.2015 01.08.2016 01.08.2017 01.08.2018 30.0% 20.0% 10.0% 0.0% -10.0% © 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. 01.08.2007 01.08.2008 01.08.2009 -20.0% 0 -40.40% -60.0% -80.0% 01.08.200 01.08.2009 01.08.2010 01.08.2011 01.08.2012 01.08.2013 01.08.2014 MSCI EM ESG Leaders (Net Return, USD) MSCI EM (Net Return, USD) 01.08.2010 01.08.2011 01.08.2012 01.08.2013 01.08.2014 Active Return MSCI EM ESG Leaders vs. MSCI EM (both Net Return, USD) Source: MSCI, Bloomberg 01.08.2015 01.08.2016 01.08.2017 01.08.2018 01.08.2015 01.08.2016 01.08.2017 01.08.2018 12

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