Driving Transition CLIMATE TRANSITION In our Task Force on Climate-related Financial Disclosures (TCFD) report, Accelerating Transition, we shared an interim roadmap for our long-term commitment to align our business with a net zero by 2050 pathway, including an initial set of ranged targets for 2030 across Power, Oil & Gas, and Auto Manufacturing. These represent sectors of the economy where we see the most impactful opportunities to invest in new commercial solutions to drive decarbonization in the real economy through proactive engagement with our clients and deployment of the capital required for transition. Notably, we recognize that the ability for us and our clients to achieve our climate-related goals will depend on a variety of factors, including supportive public policy, technological advancement, and the ambition of clients’ decarbonization commitments. 2019 BASELINE AND 2030 TARGETS FOR OUR PRIORITY SECTORS Sector Metrics 2019 Baseline 2030 Targets % Reduction 2019-30 Oil & Gas gCO2e / MJ 72 56-60 17%-22% Power kgCO2e / MWh 417 147-219 48%-65% Auto Manufacturing gCO2e / km 152 70-77 49%-54% As part of our commitment, we have prioritized climate transition in our commercial efforts with clients, leveraging insights from our experience managing climate for our own business and our holistic engagement strategy to develop a comprehensive commercial offering that supports our clients’ low-carbon transition efforts. Fueling Transition-related Projects In addition to public sector support and technological advancement, carbon-intensive industries — such as energy and power — will require significant capital to transition to more carbon-efficient sources. In 2021, we helped accelerate capital flows into energy transition-related projects through innovative structures, including sustainability-linked bonds (SLBs), which enable clients to raise capital in a way that is aligned with their decarbonization goals. Sustainability Report 2021 Climate Transition | Driving Transition 20