16 INCREASING FOCUS ON CLIMATE TOPICS ACROSS OUR MANAGERS IN 2022 ✓ Formulating a climate strategy ✓ Collecting GHG data from portfolio companies ✓ Engaging with portfolio companies on emissions reduction ✓ Setting net zero targets at the management company and at select portfolio companies Underlying manager ESG questionnaire insights: Environment 17Capital recognises the ongoing urgency of the climate crisis. This was underscored by the IPCC’s (Intergovernmental Panel on Climate Change) sixth assessment report in 2022, which says 3.3 billion people are already living with the direct impacts of climate change. There is a call for action in financial markets and private equity has the potential to play an important role. Managers who are working to systematically reduce portfolio company emissions 40% Managers who have started to measure portfolio company emissions 55% Managers who have developed a climate strategy 30%