Contents 3 Introduction: Performance that 48 Inclusive Growth: An economy that matters — advancing our purpose works better for all through sustainability 49 Executive Summary 4 Letter to Our Shareholders 50 Introduction 6 Activating the Power of the Financial System 54 One Million Black Women for a Sustainable Future 63 De昀椀ning and Executing on Our Strategy 15 Climate Transition: Accelerating 74 Leveraging Partnerships to Unlock Sustainable the next industrial revolution Economic Growth 79 Driving Change Across Our Firm 16 Executive Summary 85 What to Expect Next 17 Introduction 20 Driving Transition 87 Governance: Managing our 27 Accelerating Innovation progress 33 Mobilizing Capital 88 Governance at Our Firm 37 Closing the Gap Through Partnerships 90 2021 Transaction Breakdown and Highlights 39 Meeting the Net Zero Challenge in Asia 93 Key Metrics & Indicators: 42 Driving Sustainability in Our Own Business Measuring our progress 46 Looking Ahead: Climate Change and Biodiversity 94 Environmental Indicators 98 Recognition 100 SASB Index 108 Sustainability Issuance Report 2021 2