Investor Presentaiton

Introduction Incorporation of ESG principles is on the rise globally, although challenges persist Growing emphasis on ESG • • Environmental, social and governance (ESG) principles are closely aligned with the UN SDGs There is a growing incorporation of ESG into investment analysis, corporate strategy and decision- making amid widespread socio-economic challenges and renewed environmental commitments ESG risk analysis and mitigation can provide a buffer against external headwinds, including market volatility, and protect long-term financial performance Challenges of ESG • • • • No one-size-fits-all approach Personalised trajectory: journey typically starts with development and integration of ESG strategy Organisations have varying risk exposure, priorities and opportunities to create shared ESG value Ratings, reporting and benchmarking: what to include and how to measure (see slides 24-25) Balancing E, S and G (see slide 26) Digitalisation, investment and climate - Climate sustainability is among the most pressing concerns for the coming decade, with Indonesia - alongside many other emerging markets – particularly vulnerable to the negative impacts of climate change. Digital transformation and dedicated financing are key to unlocking the full potential of ESG. APAC investors significantly or moderately increased ESG investments in response to Covid-19, September 2020* 0 10 20 30 40 Regulatory compliance Business 60 70 79% 90 50 80 100 *as per an MSCI 2021 global institutional investor survey ethics Corruption & instability Governance Environmenta Transparency Social Human capital development Carbon emissions Biodiversity & land use Climate change vulnerability Renewable energy Responsible investment Inclusion W & diversity Access to health care Access to socio- economic opportunity Incumbent challenges ESG is increasingly recognised as a strategy for risk mitigation and value creation. This was accelerated during the Covid-19 period: 79% of APAC investors reported significantly or moderately increasing ESG investments in response to the pandemic by the third quarter of 2020, according to MSCI. Nonetheless, a number of challenges remain. Key among these, there is no one-size-fits all approach: ESG risk exposure varies by organisation, as well as by market and industry. Within emerging markets in particular, it is paramount to balance environmental, social and governance concerns - adding another layer of complexity. Digital transformation and dedicated financing remain key for progress. PwC OBG ESG Report O OXFORD BUSINESS GROUP Sources: MSCI 50

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