Pg. 5

Business Due Dilligence

“As a signatory to the Equator Principles (EP), HSBC expects customers to include an assessment of the Modern Slavery risks common to infrastructure projects, including child labour, forced labour and restrictions on collective bargaining and freedom of association (as set out in the Guidance Notes to EP4) in their project Assessment Documentation. This may affect our decision to provide finance.”

pg. 8

Investment Due Dilligence

“In implementing the sustainable investment policies set out above, HSBC Asset Management uses a proprietary ESG research platform that combines multiple ESG data points and assessments from independent third parties. Its ESG scores are based on its view of the materiality of ESG issues by sector, drawing upon qualitative and quantitative assessments undertaken by our equity and fixed income team. It takes into account frameworks such as the Sustainability Accounting Standards Board (SASB) and reviews new ESG data sources on an ongoing basis.”