01

DISCLOSURE INSIGHT ACTION

CANADA CORPORATE SCORES 2018 02 CORPORATE DISCLOSURE TO INVESTORS IN NORTH    AMERICA           



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CONTENTS 03

04 CDP scoring methodology 2018 06 The A-List: North America 08 Corporate scores 15 Appendix I: CDP Activity classification system (cdp-acs) 21 Appendix II: Investor Members and Signatories 27 Appendix III: CDP Supply Chain Members

Important Notice The contents of this report may be used by anyone providing acknowledgment is given to CDP. This does not represent a license to repackage or resell any of the data reported to CDP or the contributing authors and presented in this report. If you intend to repackage or resell any of the contents of this report, you need to obtain express permission from CDP before doing so.

CDP has prepared the data and analysis in this report based on responses to the CDP 2018 information request. No representation or warranty (express or implied) is given by CDP as to the accuracy or completeness of the information and opinions contained in this report. You should not act upon the information contained in this publication without obtaining specific professional advice. To the extent permitted by law, CDP does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this report or for any decision based on it. All information and views expressed herein by CDP are based on their judgment at the time of this report and are subject to change without notice due to economic, political, industry and firm-specific factors. Guest commentaries where included in this report reflect the views of their respective authors; their inclusion is not an endorsement of them.

CDP, their affiliated member firms or companies, or their respective shareholders, members, partners, principals, directors, officers and/or employees, may have a position in the securities of the companies discussed herein. The securities of the companies mentioned in this document may not be eligible for sale in some states or countries, nor suitable for all types of investors; their value and the income they produce may fluctuate and/or be adversely affected by exchange rates. ‘CDP’ refers to CDP North America, Inc, a not–for-profit organization with 501(c)3 charitable status in the US and CDP Worldwide, a registered charity number 1122330 and a company limited by guarantee, registered in England number 05013650.

© 2019 CDP. All rights reserved 04 CDP SCORING METHODOLOGY 2018

CDP Scoring Partners CDP scoring lays down milestones marking the Illustration of scoring levels progress of a company’s sustainable journey. It provides a roadmap to companies to compare Progress towards environmental stewardship themselves to the best in class. The scoring methodology has evolved over time to influence company behaviour in order to improve their environmental performance. Scoring at CDP is Leadership mission-driven, focusing on principles and values for a sustainable economy, and highlighting the Management business case for change. Awareness CDP’s 2018 questionnaires are focused on the high-impact sample companies in each of the three Disclosure themes – Climate Change, Water, and Forests. To operationalise this approach, CDP developed a new Activity Classification System (CDP-ACS),1 a three-tiered system starting from the lower rung of Activity, going up to Activity Group and, finally, scoring standards are aligned between samples Industry. This framework categorizes companies and scoring partners. by the most relevant sectors. It focuses on the diverse activities from which companies derive Responding companies are assessed across four revenue and associates these with the impacts on consecutive levels which represent the steps a their business from climate change, water security company moves through as it progresses towards and deforestation. This helps ensure a better environmental stewardship: Disclosure which understanding of company actions according to measures the completeness of the company’s their environmental risk, opportunity and impact and response; Awareness which intends to measure is essential for better comparability of data. the extent to which the company has assessed environmental issues, risks and impacts in relation While the bulk of the scoring logic applies to all to its business; Management which is a measure of sectors and questionnaires alike, each of the the extent to which the company has implemented questionnaires comes with a somewhat tailored actions, policies and strategies to address scoring methodology. The sector-based approach environmental issues; and Leadership which looks allows CDP to make more meaningful assessments for particular steps a company has taken which of companies’ responses, incorporating each represent best practice in the field of environmental Further guidance on the 2018 general sector’s characteristics and nuances, resulting in management. questions and sector questions can a score that reflects the company’s progress in be downloaded from: environmental stewardship and enabling better Questions may include criteria for scoring across www.cdp.net/guidance/guidance-for- benchmarking against other companies. more than one level. The criteria for scoring the companies levels are distributed throughout the questionnaire. The scoring of CDP's questionnaires is conducted All of the questions are scored for the disclosure by accredited scoring partners trained by CDP. level. Some of the questions have no awareness, CDP’s internal scoring team coordinates and collates management or leadership level scoring associated all scores and run data quality checks with them. Climate Water and quality assurance processes to ensure that Forests Change Security

>65% >60% >55% A

0–64% 0–59% 0–54% Leadership A- 45–74% 45–74% 45–69% B

<45% <45% <45% Management B- 45–79% 45–79% 45–79% C

<45% <45% <45% Awareness C- 45–79% 45–79% 45–79% D

<45% <45% <45% Disclosure D-

F = Failure to provide sufficient information to CDP to be evaluated for this purpose.2 05

Scoring categories and weightings calculating the proportion of points achieved relative This year, the number of categories per theme has to the category weighting: Category weighting (%) increased from 2017, in order to better focus on key / 100 * Management/Leadership score (%). The data points and provide a more detailed breakdown category scores for each level are then summed of a company’s score. Scoring categories in 2018 together to calculate the overall final score. are sub-groups of the 2018 questionnaire modules and are unique to each theme, but within each Scoring weightings will only be applied to each theme they are consistent across all sectors. of the scoring categories at Management and Each sector within each theme is affected by and Leadership level. Where a scoring category consists manages environmental issues in a specific way. of new questions, low weightings will reflect this. To capture these specificities, different weightings Weightings will be applied differently across sector will be applied amongst sector scoring categories categories for each theme to reflect this. in each theme.3 Public scores are available in CDP reports, Weightings are applied by calculating the through Bloomberg terminals, Google Finance and Management and Leadership score per scoring Deutsche Börse’s website. CDP operates a strict category in the same way as previous years: conflict of interest policy with regards to scoring Numerator/Denominator * 100. These % scores are and this can be viewed at then translated into a category score per level by https://bit.ly/2Sx3hLd

Category Management weighting (%) Leadership weighting (%)

Governance 12 12.5 Risk management processes 10 10 Risk Disclosure 8 8 Opportunity Disclosure 8 8 Business Impact Assessment & Financial Planning Assessment 5 5

Business Strategy 5 5 Scenario Analysis 1 1 Targets 12 12 Emissions reductions initiatives and low carbon products 5 5

Scope 1 & 2 emissions (incl. verification) 12 12 Scope 3 emissions (incl. verification) 5 5 Emissions breakdowns 0 0 Energy 6 7 Additional climate-related metrics (incl. verification) 0 0

Carbon pricing 2 0 Value chain engagement 5 5 Public policy engagement 1 0 1 For further information, visit https://bit.ly/2FlpQdY. Communications 1 0.5 2 Not all companies requested to respond to CDP do so. Companies who are requested to disclose their Sign off 2 2 data and fail to do so, or fail to provide sufficient information to CDP to be evaluated will receive an F. An F does not indicate a failure in environmental 100% Disclosure points 0 2 stewardship. 3 The table is an example of the General Climate Overall Total 100% 100% Change scoring categories and weightings. Full Scoring categories and weightings can be found here: Climate: https://bit.ly/2UgF9O1 Forests: https://bit.ly/2U0Unl4 Water: https://bit.ly/2KbQBG5 06 THE A-LIST: NORTH AMERICA

The A List was established in 2011 for Climate is a subset of the Climate Change program reflecting Change, in 2015 for Water Security, and in 2016 for CDP’s system of evaluating supplier engagement Forests. Companies who earn a place on the CDP practices, allowing companies to raise their supplier A List have exhibited a thorough understanding of engagement work and shape their supplier climate climate-, water-, and deforestation-related risks and profiles. SER scores are not shared publicly and will opportunities and have formulated and implemented be only be provided to the disclosing company and strategies to mitigate or capitalize on these risks and their requesting customer(s). opportunities. The Supplier Engagement Rating (SER)

Company Country Climate Supplier Water Forests Change Engagement Security Rating

AbbVie Inc USA A Accenture USA A A Adobe, Inc. USA A A Alphabet, Inc. USA A A Altria Group, Inc. USA A Anheuser Busch InBev USA A Apple Inc. USA A Autodesk, Inc. USA A Bank of America USA A BCE Inc. A Co., Inc. USA A Biogen Inc. USA A BNY Mellon USA A A Caesars Entertainment USA A Canadian National Railway Company Canada A Cisco Systems, Inc. USA A A Citigroup Inc. USA A Comerica Incorporated USA A CVS Health USA A Ford Motor Company USA A Gap Inc. USA A General Mills Inc. USA A A A Goldman Sachs Group Inc. USA A A Hewlett Packard Enterprise Company USA A A HP Inc USA A A IGM Financial Inc. Canada A 07

Company Country Climate Supplier Water Forests Change Engagement Security Rating

Ingredion Incorporated USA A Intel Corporation USA A International Flavors & Fragrances Inc. USA A A Johnson & Johnson USA A A Juniper Networks, Inc. USA A Kellogg Company USA A Las Vegas Sands Corporation USA A A Level 3 Communications, Inc. USA A Lockheed Martin Corporation USA A Macerich Co. USA A Marsh & McLennan Companies, Inc. USA A MasterCard Incorporated USA A McDonald's Corporation USA A MetLife, Inc. USA A Corporation USA A A A Molson Coors Brewing Company USA A News Corp USA A NRG Energy Inc USA A Oracle Corporation USA A A Owens Corning USA A PACCAR Inc USA A Pfizer Inc. USA A Philip Morris International USA A Power Corporation of Canada Canada A Corporation Canada A Resolute Forest Products Inc. Canada A salesforce.com USA A A Sealed Air Corp. USA A Stanley Black & Decker, Inc. USA A A A The Home Depot, Inc. USA A UPS USA A Waste Management, Inc. USA A A Wells Fargo & Company USA A Xerox Corporation USA A A 08 CORPORATE SCORES

Forests

Climate Water Company change security Cattle Palm Oil Soy Timber Apparel Canada Goose Holdings F Activewear Inc. B F F

Biotech, health care & pharma Inc F Cos. Inc. D Corp F

Food, beverage & agriculture Agropur SNS Cott Corporation F Maple Leaf Foods Inc. C F Molson Coors Canada SA Premium Brands Holdings Corporation F F Saputo Inc. D SNS F

Fossil fuels Advantage Oil & Gas Ltd. F ARC Resources Ltd. B B Athabasca Oil Corporation F Bankers Petroleum Ltd. F Baytex Energy Corp. D Bellatrix Exploration Ltd F Birchcliff Energy Ltd F BlackPearl Resources Inc F Bonavista Energy Corporation D Bonterra Energy Corp F Canadian Natural Resources Limited D SNS Canadian Oil Sands Limited F Cardero Resource Corp F Inc. F CNOOC F F Connacher Oil and Gas Ltd F Crescent Point Energy Corporation B C A Company achieved A List status for this program Crew Energy Inc. F F Company failed to disclose for this Inc. C C program Enbridge Income Fund Holding SA SNS Company submitted but was not scored Encana Corporation D D SA See another response (included under parent company) Enerplus Corporation C B– Company was not requested to Freehold Royalties Ltd. F disclose for this program Company disclosed voluntarily for this Frontera Energy Corp F program (i.e. was not requested) Gibson Energy Inc F Company did not report on this commodity for this program Gran Tierra Energy Inc. D Husky Energy Inc. B B– 09

Forests

Climate Water Company change security Cattle Palm Oil Soy Timber Fossil fuels, continued F F Ltd. D Ithaca Energy Inc F Keyera Corp. D F Canada Ltd F Lightstream Resources Ltd F Long Run Exploration Ltd F MEG Energy Corp. B Nexa Resources SA F SNS Niko Resources Ltd. F NuVista Energy F Obsidian Energy Ltd F Paramount Resources Ltd. F Parex Resources Inc C Parkland Fuel Corporation F Corporation F Pengrowth Energy Corporation F Peyto Exploration & Development Corp. F F Prophecy Resource Corp. F Raging River Exploration Inc F Seven Generations Energy B F ShawCor Ltd. D SouthGobi Resources Ltd. F Inc. B B- Surge Energy Inc F Inc. SA Touchstone Exploration Inc F Tourmaline Oil Corp D SNS TransCanada Corporation C F Trilogy Energy Corp F Twin Butte Energy Ltd F Inc. F Vermilion Energy Inc. A– F Whitecap Resources F

Hospitality Boyd Group Income Fund F Cineplex Inc. SNS Corus Entertainment Inc. F Great Canadian Gaming F Restaurant Brands International SNS F SNS 10

Forests

Climate Water Company change security Cattle Palm Oil Soy Timber Infrastructure Alaska Hydro Corporation F Algonquin Power & Utilities Corporation D AltaGas Ltd. B F ATCO Ltd. F F Canadian Utilities F Chartwell Seniors Housing REIT F EnerCare Inc F First Capital Realty Inc. C Fortis Inc. F F Hydro One Limited C Just Energy Group Inc. F Morguard Corporation F Prairiesky Royalty Ltd F F Progressive Waste Solutions Ltd. F SNC-Lavalin Group Inc. C C Superior Plus Corp. F

Manufacturing Agrium Inc. SNS SNS Allseating Corporation D Armstrong Fluid Technology C BlackBerry Limited C Bombardier Inc. F BRP C CAE Inc. D Inc. SNS Catalyst Paper Corporation D F D CCL Industries C Celestica Inc. B Chemtrade Logistics Income Fund F General Motors Company A– A– F Inscape Corporation C IPL Plastics Inc. F A Company achieved A List status for this program Keilhauer C F Company failed to disclose for this Krug Inc. SNS program SNS Company submitted but was not Linamar Corporation F scored Inc. D C SA See another response (included under parent company) Martinrea International Inc. F Company was not requested to disclose for this program Maxar Technologies Ltd F Company disclosed voluntarily for this Corporation F F program (i.e. was not requested) Company did not report on this New Flyer Industries Inc F F commodity for this program ONEX Corporation F 11

Forests

Climate Water Company change security Cattle Palm Oil Soy Timber Manufacturing, continued Potash Corporation of Saskatchewan SA SA Inc. Stance Healthcare D Winpak Ltd. B–

Materials Corporation F F Corporation F F Domtar Corporation C F C Interfor Corp F Ivanhoe Mines SNS C Norbord Inc. F F Ltd. F F Resolute Forest Products Inc. B B– A– Richelieu Hardware F Russel Metals Inc. F Stelco Holdings Inc F Stella-Jones Inc C C Co. Ltd. F F F

Mineral extraction Agnico-Eagle Mines Limited D C Alamos Gold Inc. F F B2GOLD CORP F Corporation F F Centamin plc C B­– Centerra Gold Inc. D Detour Gold Corporation C F Dominion Diamond Corp F Corporation D C Endeavour Mining Corp F Limited B- B– Franco-Nevada Corporation D- Inc. B B– HudBay Minerals Inc. D C IAMGOLD Corporation C C Katanga Mining Limited F Corporation C F Inc. F Lundin Mining Corporation B Major Drilling Group International. F New Gold Inc. F F OceanaGold Corporation F 12

Forests

Climate Water Company change security Cattle Palm Oil Soy Timber Mineral extraction, continued Osisko Gold Royalties Ltd F Pan American Silver Corp. F Pretium Resources Inc F Richmont Mines Inc F Inc. F Tahoe Resources Inc. SNS Limited B B– Turquoise Hill Resources Ltd SA Yamana Gold Inc. D

Power generation Brookfield Renewable Power Inc. F Capital Power Corporation D Inc. B Essar Power Canada Ltd. F Northland Power Inc F Pattern Energy Group Inc F TransAlta Corporation B Transalta Renewables Inc SA

Retail Alimentation Couche-Tard Inc. F F F Corporation, Limited C F F Inc F F F Empire Company Limited D F SNS C C C Hudson's Bay Co. F F Jean Coutu Group Inc SA F F Limited D F F Inc. F F F Metro Inc. C F F RONA inc. F F SPIN MASTER LTD D

A Company achieved A List status for this program Services F Company failed to disclose for this Inc. C program Allied Properties REIT F SNS Company submitted but was not scored Artis REIT F SA See another response (included under parent company) Bank of C Company was not requested to Bank of Nova Scotia () C disclose for this program Company disclosed voluntarily for this BCE Inc. A program (i.e. was not requested) BGIS SNS Company did not report on this commodity for this program Boardwalk REIT D Brookfield Asset Management Inc. F F 13

Forests

Climate Water Company change security Cattle Palm Oil Soy Timber Services, continued Brookfield Business F Brookfield Property Partners F Canadian Imperial Bank of Commerce D (CIBC) Canadian Real Estate Investment Trust F F CAPREIT F CGI Group Inc. C Choice Properties Reit F CI Financial Corp. F Inc. C Colliers International F Cominar Real Estate Investment Trust F Inc F Crombie Real Estate Investment Trust F CT Real Estate Investment Trust F Descartes Systems Group F C Dream Global REIT F E-L Financial Corporation Limited F Element Fleet Management F F Entertainment One Ltd F Fairfax Financial Holdings F F Fairfax India Holdings F International Inc. D First National Financial F FirstService Corp. F Gazit Globe Ltd F Genworth MI Canada Inc. SNS Granite Real Estate Inc F Great-West Lifeco Inc. A– H&R Real Estate Investment Trust D IGM Financial Inc. A Industrial Alliance Insurance and D Inc. Intact Financial Corporation D Kinaxis Inc F Laurentian D– Financial Corp. B D OpenText Corporation SNS Power Corporation of Canada A 14

Forests

Climate Water Company change security Cattle Palm Oil Soy Timber Services, continued Power Financial Corporation A Pure Industrial Real Estate Trust F Inc. D SNS RioCan Real Estate Investment Trust F Ritchie Bros. Auctioneers Incorporated ­ D– Inc. C C Inc. F Inc D Smart Real Estate Investment Trust F Inc. A– Inc. C TD Bank Group A– Corporation B Inc F Corporation B TMX Group Limited F Toromont Industries Ltd. D– Transcontinental Inc. C C C WSP B

Transportation services C Brookfield Infrastructure Partner L.P. F Canadian National Railway Company A C TFI International Inc F WestJet Airlines Ltd. F Westshore Terminals Investment F Corporation

A Company achieved A List status for this program F Company failed to disclose for this program SNS Company submitted but was not scored SA See another response (included under parent company) Company was not requested to disclose for this program Company disclosed voluntarily for this program (i.e. was not requested) Company did not report on this commodity for this program APPENDIX I: CDP ACTIVITY 15 CLASSIFICATION SYSTEM (CDP-ACS)

In order to allocate sector-specific CDP industry CDP activity group CDP activity questions to companies, CDP has developed a new Activity Classification Apparel design Apparel & footwear design System. This is a framework used Apparel & footwear to categorize companies by the Apparel most relevant sectors. It focuses Textiles & fabric goods Luggage & bags on the diverse activities from which Textiles companies derive revenue and Biotechnology associates these with the impacts to Biotech & pharma their business from climate change, Pharmaceuticals Biotech, health care & water security and deforestation. Health care provision Health care facilities As a result, this new approach pharma ensures a better understanding of Health care supplies Medical equipment & supplies company actions according to their Medical equipment environmental risk, opportunity and Cocoa bean farming impact and is essential for better comparability of data. Cotton farming Fruit farming CDP-ACS is a three-tiered system Grain & corn farming comprised of (from bottom-up) Activity, Activity Group and Industry. Other crop farming Crop farming Other oilseed farming CDP-ACS copyright and licensed use Palm oil farming The copyright to CDP-ACS is owned by CDP Worldwide, a registered charity Rice farming number 1122330 and a company Soybean farming limited by guarantee, registered in England number 05013650. Any use Sugarcane farming of any part of the CDP-ACS must be Vegetable farming licensed by CDP. Any unauthorized Aquaculture use is prohibited and CDP reserves the right to protect its copyright by Cattle farming Fish & animal farming all legal means necessary. Contact Fishing [email protected] for details. Poultry & other animal farming Food, beverage & Alcoholic beverages agriculture Animal processing Baked goods & cereals Chocolate confection Coffee Dairy & egg products Fruit, nut & vegetable processing Grain & corn milling Food & beverage processing Non-alcoholic beverages Non-chocolate confection Oilseed processing Other food processing Palm oil processing Seafood processing Soybean processing Sugar Tea 16

CDP industry CDP activity group CDP activity

Logging Food, beverage & Logging & rubber tapping Rubber farming agriculture Tobacco Tobacco products Coal mining Coal extraction & processing Natural gas extraction Oil & gas extraction & production Oil & gas extraction Fossil fuels Oil & gas processing Oil & gas refining Oil & gas retailing Oil & gas marketing & retailing Oil & gas storage & transportation Oil & gas pipelines & storage Fast food Hospitality Bars, hotels & restaurants Food & beverage amenities Hotels & lodging Building sub-contractors Energy infrastructure Non-residential building construction Renewable energy construction Construction Residential building construction Transportation infrastructure & other construction Utility line construction Infrastructure Electricity networks Energy utility networks Gas utilities Infrastructure upkeep & management Land & property ownership & Land sales & leasing development Real estate owners & developers Recycling Waste management Non-energy utilities Waste water management Water supply networks Government agencies International bodies International bodies Government regional Supranationals Batteries Communication equipment Computer hardware Electrical equipment Manufacturing Electrical & electronic equipment Electronic components Electronic equipment Household appliances Semiconductors 17

CDP industry CDP activity group CDP activity

Accessories Furniture Leisure & home manufacturing Homeware Sporting goods Toys & games Munitions Other containers & packaging Light manufacturing Pollution control equipment Tires Fabricated metal components Metal products manufacting Metal containers & packaging Paper packaging Paper products & packaging Paper products Plastic product manufacturing Plastic products Agriculture, construction & mining Manufacturing machinery Powered machinery Engines & motors Industrial machinery Other vehicle equipment & systems Other renewable energy equipment Renewable energy equipment Solar energy equipment Aerospace Alternative vehicles Automobiles Transportation equipment Heavy vehicles Railroad rolling stock Recreational vehicles Shipbuilding Finished wood products Wood & rubber products Rubber products Cement Cement & concrete Concrete products Agricultural chemicals Basic plastics Biofuels Materials Inorganic base chemicals Chemicals Nitrogenous fertilizers Non-nitrogenous fertilizer Other base chemicals Personal care & household products Specialty chemicals 18

CDP industry CDP activity group CDP activity

Aluminum Copper Metal smelting, refining & Iron & steel forming Metal processing Other non-ferrous metals Precious metals Bauxite mining Iron ore mining Materials Metallic mineral mining Other non-ferrous ore mining Precious metals & minerals mining Ceramics Other minerals Glass products Other non-wood building materials Other mineral mining Other non-metallic minerals Pulp & paper mills Wood & paper materials Sawmills & wood materials Biomass & waste generation Waste generation Nuclear power generation Nuclear generation Biomass generation Geothermal generation Hydro generation Renewable power generation Power generation Other renewable generation Solar generation Wind generation CCGT generation Thermal power generation Coal generation Non-CCGT generation Hypermarkets & superstores Convenience retail Supermarkets, food & drugstores Apparel stores Department stores Discretionary retail Discretionary delivery retail Specialist retail Agricultural products wholesale Animal products wholesale Retail Biofuel supply Chemicals wholesale & distribution Trading, wholesale, distribution, Construction & guilding materials dealing & rental & leasing distribution Consumer goods wholesale & rental Food & beverage wholesale Home & office wholesale Industrial machinery distribution 19

CDP industry CDP activity group CDP activity

Metals supply, wholesale & trading Pharma & health care supplies wholesale & distribution Technology hardware wholesale & Trading, wholesale, distribution, distribution Retail rental & leasing Textile & apparel wholesale Transportation equipment wholesale & dealing Vehicles & machinery rental & leasing Wood & paper wholesale Commercial services Commercial & consumer services Consumer services Travel services Asset managers Banks Financial services Insurance REIT Energy services & equipment Industrial services Industrial support services Mining & metals support services Transportation support services IT services IT & software development Software Services Media Media, telecommunications & Servers & data centers data center services Telecommunications services Education services Other services Health care services Real estate services Print publishing Print & publishing services Printing services Engineering services Specialized professional services Other financial Other professional services Marketing Web & marketing services Web-based services 20

CDP industry CDP activity group CDP activity

Air freight Air transport Passenger airlines Intermodal transport Intermodal transport & logistics Logistics — 3rd party Logistics — transport Transportation Cruise lines & ferries services Marine transport Marine freight Passenger rail Rail transport Rail freight Bus & taxi Road transport Road freight APPENDIX II: INVESTOR 21 MEMBERS AND SIGNATORIES

Investor members

ACTIAM Etica SGR OFI Global Aegon Eurizon Capital SGR S.p.A. ÖKOWORLD LUX S.A. Allianz Global Investors Fondaction CSN Ostrum Asset Management Aviva Investors FUNDAÇÃO ITAUBANCO Overlook Investments Limited Aviva plc Generation Investment PFA Pension Management AXA Investment Managers Phillips, Hager & North GMO LLC Investment Management Ltd. Baillie Gifford & Co. Goldman Sachs Asset PREVI Caixa de Previdência dos Bank of America Management Funcionários do Bluebay Asset Management LLP Hang Seng Bank Prudential PLC Boston Common Asset Hermes Fund Managers RAM Active Investments Management, LLC HSBC Global Asset Management Rathbone Greenbank Investment Investments Management Corporation HSBC Holdings plc RBC Global Asset Management Caisse des Dépôts Itaú Asset Management S.A Real Grandeza Fundação de California Public Employees’ Janus Henderson Investors Previdência e Assistência Social Retirement System (CalPERS) Jupiter Asset Management Robeco California State Teachers’ Kames Capital Retirement System (CalSTRS) RobecoSAM AG KEVA Calvert Investment Management, Rockefeller Asset Management Inc Legal and General Investment Sampension KP Livsforsikring Management Canada Pension Plan Investment A/S Board (CPPIB) Legg Mason, Inc. Schroders Capricorn Investment Group London Pensions Fund Authority Sompo Holdings, Inc Catholic Super M&G Investments Sustainable Insight Capital CCLA Investment Management Martin Currie Management (SICM) Ltd. Mongeral Aegon Seguros e Terra Alpha Investments LLC ClearBridge Investments Previdência S.A. The Sustainability Group Danske Bank A/S National Australia Bank UBS EdenTree Investment Neuberger Berman University of California Management New York State Common Veritas Pension Insurance Edmond de Rothschild Asset Retirement Fund (NYSCRF) Wellington Management Management Nordea Investment Management Company LLP Environment Agency Pension Norges Bank Investment Whitley Asset Management Fund Management (NBIM) Ethos Foundation Nuveen 22 APPENDIX II: INVESTOR MEMBERS AND SIGNATORIES

Investor signatories

1919 Investment Counsel AXA Group Caja Ingenieros Gestión, SGIIC 3Sisters Sustainable S.A California State University, Management LLC Northridge Foundation S/A AB Candriam Investors Group Banco BTG Pactual SA AberdeenStandard Investments CAPESESP Banco do Brasil S/A ABRAPP—Associação Brasileira CareSuper Banco Sabadell das Entidades Fechadas de Carnegie Fonder Previdência Complementar Banco Santander Cathay Financial Holding Achmea BV Bank J. Safra Sarasin AG Catherine Donnelly Foundation Addenda Capital Inc. CBF Church of England Funds AGF Investment Inc. Bank of Nova Scotia (Scotiabank) CBRE Group, Inc. Aktia Bank Plc Bankinter Celeste Funds Management Investment Management Barclays Central Finance Board of the Corporation (AIMCo) Barnard College Methodist Church Alberta Teachers Retirement Fund Barncancerfonden Change Investment Management Alecta BASF Sociedade de Previdência China Development Financial Amalgamated Bank Complementar Holdings AMF Basler Kantonalbank Christian Brothers Investment Amundi BayernInvest Services Inc. Kapitalverwaltungsgesellschaft ANBIMA—Associação Brasileira Christian Super mbH das Entidades dos Mercados Church Commissioners for Financeiro e de Capitais BB Previdência—Fundo de Pensão England Banco do Brasil Anima SGR Church Investment Group BBC Pension Trust Antera Gestão de Recursos S.A. Church of England Pensions BBVA APG Asset Management NV Board DNB Bedfordshire Pension Fund Aquila Capital CI Mutual Funds’ Signature Global BlackRock Advisors Arabesque Asset Management BMO Global Asset Management Clean Yield Arisaig Partners BNP Paribas Investment Partners CM-CIC Asset Management Armstrong Asset Management BNY Mellon CNP Assurances ASM Administradora de Recursos S.A. Brasilprev Seguros e Previdência Columbia Threadneedle S/A. Investments Assicurazioni Generali Spa Breckinridge Capital Advisors Comerica Incorporated ATI Asset Management British Airways Pension Comgest Atlantic Asset Management Pty Investment Management Limited Ltd. Commerzbank AG Brown Advisory ATP Group Commonwealth Superannuation CAAT Pension Plan Corporation Australia and New Zealand Banking Group Caisse de dépôt et placement du Connecticut Retirement Plans and Québec Trust Funds Australian Ethical Investment Caixa Econômica Federal S.A CPR AM AustralianSuper All institutions listed above are signatories Caixa Geral de Depósitos Credit Agricole to the climate change, forests and water Avaron Asset Management AS CaixaBank Credit Suisse security requests, except where marked avesco Financial Services AG with a  symbol, indicating they are only signatories to the climate change request. 23

Credito Valtellinese FACEB—Fundação de Previdência FUNDIÁGUA—FUNDAÇÃO DE dos Empregados da CEB PREVIDENCIA COMPLEMENTAR CTBC Financial Holding Co., Ltd. DA CAESB FAELCE—Fundação Coelce de Daesung Capital Management Seguridade Social FUSAN—FUNDAÇÃO Daiwa Securities Group Inc. DE PREVIDENCIA E ASSISTENCIA FAPERS - Fundação Assistencial SOCIAL Dana Investment Advisors e Previdenciária da Extensão de Pury Pictet Turrettini & Cie S.A. Rural do Rio Grande do Sul Genesis Investment Management de Volksbank N.V. Federal Finance Genus Capital Management DekaBank Deutsche Girozentrale FIM Asset Management Gjensidige Forsikring ASA Desjardins Group Financiere de l’Echiquier Globalance Bank Deutsche Bank AG FIPECq Fundação de Previdência GLS Gemeinschaftsbank eG Complementar dos Empregados Good Super Development Bank of Japan Inc. e Servidores da FINEP, do IPEA, DNB ASA do CNPq Government Employees Pension Service (GEPS) DNCA Investments First Affirmative Financial Network Great Lakes Advisors DNR Capital First Financial Holding Co Greater Manchester Pension Domini Impact Investments LLC Fund First State Superannuation DWS Investment GmbH Scheme Green Century Capital Earth Capital Partners LLP Management First Swedish National Pension East Capital AB Fund (AP1) GROUPAMA EMEKLİLİK A.Ş. Eaton Vance Firstrand Limited GROUPAMA SİGORTA A.Ş. Ecofi Investissements Groupe Folketrygdfondet GROUPE OFI AM Credit Cooperatif Folksam Grupo BTG Pactual Ecofin­—name changed to Fondazione Cariplo Grupo Financiero Banorte SAB Tortoise Advisors U.K Ltd. de CV Fondo Pegaso EGAMO Grupo Fondo Pensione Cometa Electron Capital Partners Guardians of New Zealand Fonds de Réserve pour les ELETRA Fundação Celg de Superannuation Retraites – FRR Seguros e Previdência Hana Financial Group Fonds de Solidarite FTQ Elo Mutual Pension Insurance Harbour Asset Management Company Formuesforvaltning Aktiv Forvaltning AS Harmonie Mutuelle Environmental Investment Services Asia Foundation North Harvard Management Company Episcopal Diocese of Fourth Swedish National Pension HDFC Bank Ltd. Massachusetts Fund (AP4) Healthcare of Pension Epoch Investment Partners LLC Friends Fiduciary Plan (HOOPP) Epworth Investment Management Fukoku Capital Management Inc Heart of England Baptist Association eQ Asset Management Ltd. Fundação AMPLA de Seguridade Social Helaba Invest Essex Investment Management Kapitalanlagegesellschaft mbH Company, LLC Fundação Chesf de Assistência e Seguridade Social—Fachesf HESTA Evangelical Lutheran Church in Canada Pension Plan for Clergy Fundação Corsandos Humanis and Lay Workers Funcionários da Companhia IDBI Bank Ltd. Riograndense de Saneamento Evangelical Lutheran Foundation IDFC Ltd. of Eastern Canada Fundação de Assistência e Previdência Social do IFM Investors Evangelisch-Luth. Kirche in BNDESFAPES Iguana Investimentos Bayern Fundação Viva de Previdência Ilmarinen Mutual Pension Evli Bank Plc Insurance Company 24

Investor signatories, continued

Impax Asset Management Group LBBW Asset Management Midwest Coalition for Responsible plc Investmentgesellschaft mbH Investment Indusind Bank Legato Capital Management LLC Miller/Howard Investments Industrial Alliance Insurance and LGPS Central Limited Mirabaud Asset Management Financial Services Inc. LGT Capital Partners Mirae Asset Global Investments Industriens Pension Co. Ltd. Liontrust Asset Management PLC ING Group Mirova Local Authority Pension Fund Insight Investment Management Forum Mirvac Group  (Global) Ltd. LocalTapiola Asset Management Missionary Oblates of Mary Instituto Infraero de Seguridade Ltd. Immaculate Social INFRAPREV Lofoten Asset Management Mistra, The Swedish Foundation Instituto Sebrae De Seguridade for Strategic Environmental LOGOS PORTFÖY YÖNETIMI A.Ş. SocialSEBRAEPREV Research Lombard Odier Insurance Australia Group Mitsubishi UFJ Financial Group, Lothian Pension Fund Inc. Integral Investimentos / BREI LUCRF Super Mitsubishi UFJ Trust and Banking Interfaith Center on Corporate Corporation Responsibility (ICCR) Lutheran Council of Great Britain Mizuho Financial Group, Inc. Investec Asset Management Macquarie Group MN Investment Management Magellan Financial Group Corporation of Ontario (IMCO) Maine Public Employees Moneta Asset Management Irish Life Investment Managers Retirement System Montanaro Asset Management Itaú Unibanco Holding S.A. Manulife Asset Management MP Investment Management A/S Jantz Management LLC MAPFRE MS&AD Insurance Group Holdings, Inc. Jarislowsky Fraser Limited Maple-Brown Abbott MTAA Superannuation Fund JB FINANCIAL GROUP CO LTD. Maryknoll Sisters Nanuk Asset Management Jesuits in Britain Maryland Capital Management The JLens Investor Network Maryland State Treasurer Foundation JPMorgan Chase & Co. Matthews International Capital Management, LLC National Bank of Canada KB Financial Group Mellon Investments Corporation National Treasury Management KBC Group Agency Mendesprev Sociedade KBI Global Investors Previdenciária Natixis KCPS and Company Mercer Natural Investments LLC KeyCorp Mercy Investment Services, Inc. NEI Investments KfW Bankengruppe Mergence Africa Investments New South Wales Treasury KLP (Pty) Limited Corporation (TCorp) KPA Pension Merseyside Pension Fund New York City Comptroller on behalf of the NYC pension funds La Banque Postale Asset Metropole Gestion Management Newton Investment Management Metrus—Instituto de Seguridade Limited La Française Group Social NGS Super Länsförsäkringar Metzler Asset Management All institutions listed above are signatories Nikko Asset Management Co., to the climate change, forests and water GmbH LaSalle Investment Management Ltd. security requests, except where marked MFS Investment Management with a  symbol, indicating they are only signatories to the climate change request. 25

Nissay Asset Management Priests of the Sacred Heart, Sparinvest Corporation US Province Sp-Fund Management Company NN Group Prologis Ltd. Nomura Holdings, Inc. Province of St. Joseph of the Sprucegrove Investment Capuchin Order Management Ltd. North East Scotland Pension fund Provinzial Rheinland Holding Standard Chartered Northern Ireland Local Government Officers’ PSP Investments State Bank of India Superannuation Committee QBE Insurance Group State Street Global Advisors (NILGOSC) (SSgA) QIC Nykredit StatewideSuper Rabobank Group Oddo & Cie Stewart Investors Raiffeisen Kapitalanlage- OMERS Administration Gesellschaft m.b.H. Stone Harbor Investment Corporation Partners Railpen Investments Ontario Teachers’ Pension Plan Storebrand ASA REI Super OP Wealth Management Strathclyde Pension Fund Reliance Capital Ltd. Opplysningsvesenets fond (The Stratus Group Norwegian Church Endowment) Resona Bank, Limited Sul América Investimentos OPSEU Pension Trust (OP Trust) Rhode Island General Treasurer Distribuidora de Títulos e Valores P+(DIP/JOEP) Riverwater Partners LLC Mobiliários S.A. P1 Investment Management Ltd. Rothschild & Co Sumitomo Mitsui Financial Group PAI Partners Ruffer LLP Sumitomo Mitsui Trust Asset Management Co., Ltd. PanAgora Asset Management Russell Investments Sun Life Financial Inc. Park Foundation Samsung Fire & Marine Insurance Sustainable Capital Parnassus Investments Sanso Investment Solution Svenska Handelsbanken Paul Hamlyn Foundation Santa Fé Portfolios Ltda Svenska Kyrkan, Church of PCJ Investment Counsel Ltd. Sarasin & Partners Sweden Pension Protection Fund Saskatchewan Healthcare Employees’ Pension Plan Swedbank Robur Fonder PensionDanmark SEB Investment Management Swift Foundation Pensionskasse Stadt Zürich Second Swedish National Swiss Re Perpetual Investments Pension Fund (AP2) Sycomore Asset Management PGGM Seventh Swedish National T. Rowe Price Associates, Inc. Pictet AM Pension Fund (AP7) T.GARANTİ BANKASI A.Ş. PIMCO Sisters of St Francis of T.SINAİ KALKINMA BANKASI A.Ş. Philadelphia PKA Taishin Financial Holdings Sisters of St. Dominic PNC Financial Services Group, of Caldwell NJ Tata Capital Limited Inc. Sjätte AP-fonden (AP6) TD Asset Management Power Finance Corporation (TD Asset Management Inc. and Skandia Presbyterian Church (USA) TDAM USA Inc.) Sociedade de Previdência PREVHAB PREVIDÊNCIA Tempis Capital Management Co., Complementar da COMPLEMENTAR Ltd. DataprevPrevdata PREVIG Sociedade de Previdência TfL Pension Fund Societe Generale Complementar The Church Pension Fund Socrates Fund Management PrevinorteFundação de The Co-operators Group Limited Previdência Complementar SouthPeak Investment Management The Council of Lutheran Churches 26

Investor signatories, continued

The Daly Foundation Unipol Gruppo Westpac Banking Corporation The Hartford Financial Services UniSuper Xoom Capital Group, Inc. Unitarian Universalist Association YES BANK Limited The Joseph Rowntree Charitable United Church Funds York University Trust Universities Superannuation Youville Provident Fund Inc. The McKnight Foundation Scheme (USS) Yuanta Financial Holdings The Norinchukin Bank University of Massachusetts Zurich Cantonal Bank The Presbyterian Church in Foundation Canada Zurich Insurance Group University of Sydney Endowment The Russell Family Foundation Fund The Sisters of St. Ann University of Asset Management Corporation (UTAM) The Trustees of Columbia University in the City of New York University of Washington The United Church of Van Lanschot Kempen NV CanadaGeneral Council Group of Companies The Vanguard Group Varma Mutual Pension Insurance The Wellcome Trust Company Third Swedish National Pension Ventas Inc Fund (AP3) Veris Wealth Partners Tobam VicSuper Pty Ltd. Tokio Marine & Nichido Fire Vinva Investment Management Insurance Co., Ltd. Vontobel Holding AG Tribe Impact Capital Voya Investment Management Trillium Asset Management, LLC Waikato Community Trust Triodos Investment Management Walden Asset Management Tri-State Coalition for Responsible Investment Walter Scott & Partners Limited Trusteam Finance Washington State Investment Board Tundra Fonder Wells Fargo & Company UniCredit Wespath Investment Union Asset Management Management Holding AG West Yorkshire Pension Fund

All institutions listed above are signatories to the climate change, forests and water security requests, except where marked with a  symbol, indicating they are only signatories to the climate change request. APPENDIX III: CDP 27 SUPPLY CHAIN MEMBERS

These 115 CDP supply chain members – purchasing organizations—are engaging over 11,500 suppliers on environmental issues.

Red = Lead Member Automobile manufacturers Financials Retail & parts Banco Bradesco S/A Metro AG BMW AG Banco do Brasil S/A S Group Bridgestone Corporation Banco Santander Target Corporation Fiat Chrysler Automobiles NV Bank of America Tesco Ford Motor Company Barclays Wal Mart de Mexico General Motors Company Caixa Econômica Federal Walmart—Brasil Honda Grupo CCR Walmart Inc. Honda Motor Co., Ltd. Itaú Unibanco Holding S.A. Honda North America, Inc. KPMG UK Telecommunications & information technology Jaguar Land Rover Ltd MetLife, Inc. Accenture Mitsubishi Motors Corporation Royal Bank of Canada Acer Inc. Nissan Motor Co., Ltd. Santander Brasil Asset Pirelli Management Amdocs Ltd Toyota Motor Corporation TD Bank Group AT&T Inc. Volkswagen AG Virgin Money Holdings BT Group Visa, Inc. Cellnex Telecom SA Biotech, health care & Wells Fargo & Company Chunghwa Telecom pharmaceuticals Cisco Systems, Inc. Bristol-Myers Squibb Food, beverage & agriculture Dell Inc. CVS Health Ajinomoto Co.Inc. Deutsche Telekom AG Johnson & Johnson Anheuser Busch InBev Fujitsu Limited Koninklijke Philips NV British American Tobacco Hewlett Packard Enterprise Varian Medical Systems Diageo Plc Company HP Inc Chemicals & materials Heineken NV HTC Corporation ARKEMA Imperial Brands Intel Corporation S/A JT International SA Juniper Networks, Inc. Croda International Kellogg Company LinkedIn Corp. FIRMENICH SA PepsiCo, Inc. Mastercard Incorporated Givaudan SA Philip Morris International Microsoft Corporation International Flavors & The Coca-Cola Company NEC Corporation Fragrances Inc. Nokia Group S/A Government Prysmian SpA SABIC California Department of General Sky plc Sekisui Chemical Co., Ltd. Services (DGS) Swisscom Symrise AG Ministry of the Environment, VMware, Inc Japan Vodafone Group Construction & industrials U.S. General Services Administration (GSA) Avianca Holdings S.A. Toy manufacturers CNH Industrial NV The LEGO Group Eaton Corporation Hotels, restaurants & hospitality Arcos Dorados Ecorodovias Infraestrutura e Utilities Caesars Entertainment Logística S.A Águas Andinas McDonald’s Corporation MRV Engenharia e Participações Endesa Restaurant Brands International Stanley Black & Decker, Inc. Los Angeles Department of Water and Power Packaging Electrical equipment National Grid PLC CANPACK Group Samsung Naturgy Energy Group SA Signify NV Personal care & household NRG Energy Inc products Snam S.p.A. Colgate Palmolive Company SSE KAO Corporation Ultragaz S/A L’Oréal S.C. Johnson & Son, Inc. plc DISCLOSURE INSIGHT ACTION

Contributors CDP North America CDP North America Board of Directors Megan Goodman 127 W 26th Street Lauren Wisbeski Joyce Haboucha Suite 300 New York, NY 10001 David Lubin CDP contacts Tel: +1 212 378 2086 Martin Whittaker Paula DiPerna [email protected] Martin Wise Special Advisor www.cdp.net David Wolfson Ateli Iyalla Corporations and Supply Chains Emily Kreps Investor Initiatives Sara Law Global Initiatives Teresa Yung Finance & Operations

Press inquiries Liz Posner [email protected]

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