. Climate metrics for investment activities - case study Rothschild & Co investment businesses are progressively developing their As an example, Asset Management Europe has launched two of the first apabilities and are gradually introducing new metrics to transition funds in 2019 with an impact strategy: R-co 4Change Net Zero climate reporting c SFDR monitor climate change impact and / or exposure of their strategies. Whilst Equity Euro and R-co 4Change Net Zero Credit Euro. While investing in all 9 this is not yet implemented across the entire AUM scope, some entities have sectors, the investment teams of these two funds are monitoring the portfolios’ already developed tools and strategies providing examples and best practices carbon intensities in accordance with the Paris Agreement through a decreasing SFDR to replicate in the future. trajectory of an average 7% on an annual basis. The fund R-co 4Change Net 9 Zero Equity Euro follows the following objectives: Intensity 20% below benchmark Reduction of the carbon intensity of the portfolio Encourage companies to have their environmental 1 by an average of 7% per year 2 targets audited (90% by 2030) 3 Carbon intensity (scopes 1 and 2) (tCO e / MEUR of revenues) Carbon intensity (scopes 1 and 2) (tCO e / MEUR of revenues) 2 2 % 190 ▲ 250 of companies with SBTi validated -20% minimum targets in portfolio in 2021 170 200 150 ▼ ▼-41% 150 130 100 % -7% Target of companies with SBTi 110 50 validated targets in portfolio by 2030 90 0 70 20192022202520282031203420372040204320462049 Benchmark Fund R-co 4Change Net Euro Stoxx (scenario -7%) Zero Equity Euro R-co 4Change Net Zero Equity Euro (target -7%) Source: Bloomberg, SBTi, MSCI ESG Research, Rothschild & Co Asset Management Europe - 31/08/2022 For illustrative purposes only. Figures quoted relate to past years. Past performance is not a reliable indicator of future performance and is not constant over time. Furthermore, given the subjective nature of certain analyses, it should be stressed that the information, projections, estimates, expectations, assumptions and/or opinions are not necessarily put into practice by the management teams of Rothschild & Co Asset Management Europe.