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      Sustainability Report | Rothschild & Co

      Sustainability Report 

      Sustainability Report | Rothschild & Co - Page 1

      Table of contents ++*'%, 0-,!. !*%& 7 5> -*((*' ,'O+-+,!&!$!,1 8 ;D;D /-.#(#&#.3#--.,.!3 ? ;DD .,#&#.3----'(.) d()(e #((#&,#-%- C ;D?D <:<;"#!"&#!".-(#'*..!&( ;: 6> !&,*,!'&*'++, O-+!&++%'$ 55 D "#&(.",)*#*,.(,-"#*-F9)>(,.#)(- <: 7> &.!*'&%&,$!%(, 65 =D;D .,.!#*,#),#.#- << =DD *,.#)(&(0#,)('(.& )).*,#(. <@ =D?D "#&(.",)*#*,.(,-"#*-F9)>(,.#)(- '($&+'!$!%(, 74 >D;D .,.!#*,#),#.#- =; >DD=D ,)/.-(-,0#-F#(0-.'(.**,)" =B >D>D ,)/.-(-,0#-F&)&0#-),3 =C >D?D "#&(.",)*#*,.(,-"#*-F9)>(,.#)(- >: 9> -+!&++(*,!+ 85 ?D;D .,.!#*,#),#.#- >< ?D= ?D=D #((#&,#' >> ?D>D .(3,-/,#.3 >@ :> ((&!+ 8;

      Sustainability Report | Rothschild & Co - Page 2

      Message from the Executive Chairman "*/&#.#)() ."/-.#(#&#.3*),.<:<;!#0- �,#(!."#-,)'* ),#(.!,.#)(.)-/**),. /,.")/!".-,1#."0,3)( .3."/,,(.!)*)&#.#& 'd."d)**),./(#.3.)."(%)/,.'- ),."#'*,--#0 ."d-/-.#(#&#.3.,(-#.#)() ."!&)&)()'3,+/#,- ,#-#-D"1")& #,'#-(!!#( /(P,#-#(!'*#!(  ),.-d#(d,#0#(!#(.!,.#)(.)."",.) )/,/-#(--D /-d.)d,-*.(',.")((.#0#.3) )-3-.'-E .)d"&*-/**),..""/'(#.,#( ),.-#,..d"&*#(! "*,)!,--')('#.#)((#(#.#.#0--#( -)#.#-d()()'##(.,*((D(#.,+/#,- .")-*)*&1")".)&0."#,")'-(�-"#(D 1d*/&#-")/, #,-.#.),*),.-*)(-##&#.3 d!,.d&) d)&&),.#)(D -/-#(--1"0.%(-1# .(#-#0.#)(.)-/**),. *),.d<:;C,0,30#-#&,)--."(.#,/-#(--')&D (.,(&&3E."#--.,.-1#."!)0,((-./*1#."&, !&)& ),..)#-)&./--# ,)'--.)*#.&',%.-E .E."0(.-) ,(.3,-Q#(*,.#/&,."/,,(. )1(,-"#* ),-/-.#(#&#.3-.,.!30&)*'(.(�,3 3)(*/,)'*&#(1#."!&)&&3),"-.,.-(.#)(-D !)*)&#.#&)(.2.Q"#!"&#!".."(13('#E-(- ,-*)(-##&#.3.0,3&0&) .",)/*M-/-#(--')&E (d)(-/&..#)(1#.")/,.')(."!,)/(E1# ) d/,!(3d(#(,--)*) .".$).)3E()/, (&#(!."/-#(--P,&0(.#'*&'(..#)() !,)/*P1#E .)d-/-*()/,&)&0#-),3)*,.#)(#()-)1(1#( ,'#(#(!",))' ),-/**),.#(!)/,&#(.-#(."#, E*,#),#.#-E('*)1,#(!0,3'*&)3.)'% )1()/,/--#(.#0#.3D1#&&()..-(0#-), ),(3 -/-.#(#&#.3.,(-#.#)( ),.-D -/-.#(#&#.3*,#),#.3#(."#,#&3$)-D2.,(&&3E1-1 /--#((.#.3E-..P)1(),).",1#-D/,&."(--. -/-#(--E1 #,'&3&#0.".#(),,.)-/-.#( )0,d."&-.3,'),)&&),.#)((d."d')(-.,.#)( (!'(.(,"(.(%#(!/-#(--1#&&().*. d-/-- /&/-#(--#(."&)(!P.,'E.)'(!,#-%- ), ) d$)#(,-*)(-##&#.33!)0,('(.-E/-#(---E(#0#& (3d(1/--#(&#(.-D(."/-#(---J."),)/!"'(. -.%")&,-E(.)/(&)%(1)**),./(#.#- ),!,)1."E1 -)#.3#(d."#, ),.-.)'#.#!.(*..)."#'*. (&#(.)(),#(!*,)/,-1#&&.%#(.))(-#,.#)( (.)"&*(&(*,).. /./,#(1"#"0,3)(( ) d&#'."(!D(10,3'/"1&)'."#(#.#.#0- ."d"#!".(,#-%---)#.1#.".#(! ),&#(.- .",#0D (d)&&),.#)() 2*,.-1),%#(!.)1,-'),.,(-*,(3 1#."d-#!(# #(.2*)-/,.).",!#)(.&,!E#(&#(1#." (-.(,#-.#)(#(),*),./-.#(#&#.3#-&)-/,-D )/,d)(-,0.#0**,)".)!)*)&#.#&,#-%-D (1"#&-.."#-'3().(1 ),."!(,.#)(-) &,- 1")"0-/-- /&&3-.,)/, '#&3/-#(-- ),'), '*,)/."..",)/*#--#!(.),3) ."&)& /.1"#&-.#.'#!".-3.)&'."#(.,)((.#0#.3 ."(d<::3,-E-'(!'(..'11(..)(-/, )'*.E(1#."."#-)''/(#.#)( '2*,--#(! ) d."d1),& ),."&%) *,#.#&#.3( ),."'!(#./ .".d."#-*"#&)-)*"3#-()1 #,'&3'#()/,/-#(-- )/,d#(.(..)#'*&'(.."&)&)'*.*,#(#*&- ) d."!&)&#'*.) ,(.,#--Q ,)'."*('#E (d-&.(#..#)(-/-.#(&0&)*'(.)&- .)d."d!)*)&#.#&-#./.#)(E.)0#-#& .-) &#'."(!P #/%)&+* # ')& ),d."d3,-.))'G.".#.#-().$/-.+/-.#)( 2/.#0"#,'( ) d),*),.,-*)(-##&#.3E/..".-/-.#(#&#.3#--.,.!3D -d*,.) .",)/*M-/-.#(#&#.3-.,.!3(#(#.#.#0-D ."-0(.-')(-.,..".1&&"0,)&.)*&3 ) )."-"#&9)-.#)( (d."-/'',d) <:<;E1#.)("),."&)(!P.,' -(#(0-.),(0#-),E1,1),%#(!1#."0,#.3 #(d(/,./,#(!E/*")&#(!(*,)..#(!1),&.". /./, '#.#)(.)d/-d)/,d#( &/((2*,.#-.)-/**),.." ) d'(!'(..'-(),-.)-/**),.."')(."#, !(,.#)(-)(-#,1),." #!".#(! ),D -/-.#(#&#.3.,(-#.#)() ."!&)&)()'3-%3*#&&, .,(-#.#)($)/,(3-3--#-.#(!."&&).#)() *#.& (.!,.#(!-/-.#(#&#.3)(-#,.#)(-#(.)."",.) )/, #(d)/,!,)/*-.,.!3D .)d&)(!e.,'-/-.#(&-)&/.#)(-(--#(!(1)**),./(#.#-D -.,.!3-")/&().)(&3,.0&/#(."&)(!.,'E/.-")/& )3E)'')(-.) -.,.!#EE(*,#),#.#-*,)0#- "#-#-0#(E ),2'*&E#()/,,)&-)() d."&#(! "&*/#&,-#&#(#(."/-#(--.)'#.#!.-)') ."- "We have the long-term .",)/*1#."&, )/-)((-/,#(!.".-/-.#(#&#.3 0#-),-)(,(1&(,!3.,(-.#)(-E."d&/(")  -")%-D(1"#&-.."-0&)*'(.-1#&&())/.#'*. #-dd-.,.!##'*,.#0,)--.",)/*M-/-#(--')&E #(()0.#0-/-.#(&#(0-.'(.*,)/.-(3.".#0 )'*(3M-**,)".)EE()0,.#'E('#!"...#'- ambition to use our influence #(&/#(!.",)/!"F (!!'(.) )/,#(0-.'(..'-1#."#--/,-)(."#, ,+/#,)/,-P),,.#)(-)/.1".#-L.",#!".."#(!.)  #.-#,.)*,.#)(&#'*.G d.,$.),#-D )MdQd#(."-"),.PE'#/'PE(&)(!P.,'QE."3-")/&(M. and expertise to support (.",,'(3(1)**),./(#.#- ),)&&),.#)(.". ' d)'*,)'#-#(!$)#('#.#)(-(.,!.-D the sustainability transition  #(0-.'(.**,)"-#(."&."9--.(!'(.E 2#.)/.F ,)'$)#(#(!.".,)--.(!, (#.#.#0G ,'#()*.#'#-.#.".1()0,)'."-"&&(!-3 of the global economy" (,"(.(%#(!/-#(---G .)#(.# 3#(!#(()0.#0*,.(,-.)�,!#(-.)/,(.P4,)P ',#(!)/,)'')(0&/-E."*)1,) #&)!/(!&)&  .,(-.#)(0##(."&)&0#-),3/-#(--G )*,.#)(-P<:=:'#.#)(E), ),*"#&(.",)*#-/**),.0#)/, )&&),.#)(E&&)1#(!/--#(#0#/&-E/-#(--&,-E  &#(.('(.)(),#(!G (19)>(,.#)(-*&. ),'D 0#-),-E(#(0-.),-.)0('),.")/!". /&(,.#0  (!!'(.) ).",)*,.#)(&-/**&3"#(*,.(,-G "-3-E.",)"&))%-'),"&&(!#(!D #(-/**),.#(!."-/-.#(#&#.3.,(-#.#)() ."!&)&)()'3D  (**,)" ),-/**),.) ",#.#-(-)#&(.,*,#--D d1-d ),./(.()/!".)!,)1/*#(((0#,)('(..". ,#-E*,#&<:<< &&)1'd.).%*E ,)'('),3 ),!,(.D "#-,*),.#'-.)*,)0#.,(-*,(3)(."*,)!,--' 0,."d,(.')(."-E-)') ."-#&-()(0#.#)(- #(d."&-.3,,)--."#--*.,/'D 1,"&&(!#(/(2*.13-D #/%)&+* # 2/.#0"#,'() )."-"#&9)-.#)(

      Sustainability Report | Rothschild & Co - Page 3
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          1. Our approach to sustainability

          Sustainability Report | Rothschild & Co - Page 4
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              1.1 Sustainability is strategy - '#&3P)(.,)&&/-#(--E1%()1.".&)(!P.,'0&/,.#)(*(-)(."&()(-#,.#)() ."#(.,-.-) &&)/,-.%")&,-D 0#(!(.."(.,) ."1),&J- #((#&',%.- ),)0,<::3,-E)/,d2*,.#-E #(.&&./&*#.&(!&)&(.1),%(&/-.)*,)0#d#-.#(.*,-*.#0.".'%-'(#(! /&# ,(.))/,&#(.-E)''/(#.#-(*&(.D/,&)(!P.,''#.#)(.)/-)/,#( &/((2*,.#-.)-/**),.."d-/-.#(#&#.3 .,(-#.#)() ."!&)&)()'3#-%3*#&&,) .",)/*-.,.!3(--/"d /('(.&.)�,#(!)/,-.,.!3,)--."/-#(--')&D Values-driven culture Three established businesses e differentiators We promote a culture of One Group consisting of three responsible business and established businesses ongterm vie Peoplecentric ni ue brand heritage long-term value creation ■ amily controlled ■ ­readth of e‚perience ■ trong credibility for our clients, stakeholders and investors ■ trong capital position ■ eep €now…how ■ ‰igh affiliation ■ nduring client relationships ■ ˆartnership culture ■ Well…connected Thoughtful Global Merchant Considered Advisory Banking Strategic We provide advice in M&A, We are the investment arm trategic Advisory and inancing of the Group deploying usiness aligned strateg Long-term Advisory, encompassing the firm’s and third parties’ estructuring, ebt Advisory capital in private equity and and quity Advisory. private debt opportunities, ur clients include alongside a select corporations, private set of leading Focus Groth alue trong ustainability Principled equity, families, institutional and creation returns ambition entrepreneurs and Global reach private investors. ­uild strong Growth across our esponsible governments. Local presence mar€et positions three businesses, ƒhree established ffective use of †se our influence Family controlled and e‚pertise both organically and businesses capital generates and e‚pertise mpathetic around our three through targeted with strong long…term profit to support the Committed core businesses acquisitions, synergies between growth, supporting sustainability mitigating the them focused our progressive transition of the impact of cyclicality on sustainable dividend policy global economy in our mar€ets performance Wealth and Asset and value creation Creative Management We invest, structure and safeguard assets, nnovative creating innovative investment solutions to preserve and grow our Collaborative clients’ wealth. ntrepreneurial

              )'')(-.) -.,.!#*,#),#.#-*,)0#)/,,)/*1#."&, )/- “At Rothschild & Co, we want to use our influence and expertise #(d(-/,#(!.".-/-.#(#&#.3#--.,.!##'*,.#0,)--)/,/-#(-- ')&E#(&/#(!)/,F to support the sustainability transition of the global economy.”  #,.)*,.#)(&#'*.G  #(0-.'(.**,)"-#(."&."9--.(!'(.E(,"(. (%#(!/-#(---G  .,(-.#)(0##(."&)&0#-),3/-#(--E#(&D#. Environment (E) People and Society (S) usiness Practices () 0#-),32*,.#-G  &#(.('(.)(),#(!G  (!!'(.) ).",)*,.#)(&-/**&3"#(*,.(,-G(  **,)" ),-/**),.) ",#.#-(-)#&(.,*,#--D "*,#),#.#-&#-.#(."') &) +0)$.&)",, &.#0) )/,')-. '.,#&#'(-#)(-) (0#,)('(.&E-)#&(!)0,((#'*.S*&- , ,.)."'.,#&#.3----'(.) ()(P #((#&,#-%-#(.#)(;D>)  • Support and contribute to the • Championdiversity of thought • Saeguardresponsible ."#-d,*),.TD" ,'1),%.--." )/(.#)( ),)(-#,**,)" transition to a low carbon economy • Ensureemployee wellbeing business conduct .)d#(.!,.#)(#(."')-./-#(--P,&0(..#0#.#-,)--)/,0&/ • Preserve and protectbiodiversity • Work againstinequality "#(("&*- #(,)'* ),#'*&'(..#)(D .#)(<) ."#-,*),.)/.&#(-")1."-*,#),#.#-,, &.#(*)&##- Strategicpriorities (*,)!,--'#(<:<;.)#(.!,.)(-#,.#)(-,)-- ."d# ,(.&0,-) ."/-#(--')&D.#)(-=E>E(?*,)0#'), !,(/&,-,#*.#)() *,#),#.#-(*,)!,--'#(") .",)/*M- -.,.!#EE(*#&&,-#(<:<;E#(&/#(!%3*, ),'(#(#.),-D – Carbon ootprint – Diverse and inclusive talent pool – Compliance culture ocus – esponsible consumption – Employee wellbeing and development – Data and cybersecurity perational and resource use – inancial crime Wealth ‚ ƒsset anagement and erchant anking €nvestment policies Stewardship and engagement Products and services lobal ƒdvisory ussiness lineintegration ‚ƒ transaction advice inancing and investor advisory andates­clients­supplier selection ‚Co…enerations Philanthropicactivities Donations­debt­investments Pro„bono advisory

              Sustainability Report | Rothschild & Co - Page 6

              1.2 Governance of sustainability matters .*.!/''.*&&**&%&,+ ",')- *&)0&),,#-)/..")(!)#(!-/*,0#-#)(d) )/, #(d #(*,#),#.3,-E.",)/* ) /-.#(#&#.3#-'', )'*(3M-'(!'(.D (."#-)(.2.Ed#.)(-#,--/-.#(#&#.3#--/- ) d(d1),%-&)-&31#.".",-*.#0#.-/**),.#(!)''#..- .d."#(#.#.#)() -(#),'(!'(./(&--."/*,0#-),3),#.-&  .)d."S*&-, ,.).")0,0#1.&", .,TD S;T #(.# #-()**),./(#.3.)#-/--D#.,*+ % # +0&$$ ++  ")&,'*'&%* # %-*+$%++$-/**),.-."d1),%) .",)/* upervisory Board )'*)-) .",'',-) ."/*,0#-),3),'.-.&-..1# -*)(-#& (0-.'(.)''#...) /,.",."#(0-.#(!/-#(--&#(-M *,d3,(d"-(!#0(."'#--#)(.)--#-.."/*,0#-),3),#(F ,)'* ),#(.!,.#)() )(-#,.#)(-#(."#,**,)"-E#(&/#(! ustainability Commitee  (-/,#(!."..",)/*)(-#,-(0#,)('(.&E-)#&(-)#.& ."0&)*'(.) )(-#-.(.#(0-.'(.*)&##-(--#-.#(!#(0-.'(. -d1&&-/-#(--*,.#P,&.#--/-E#(&#(1#."-.,.!#*,#),#.#- /-#(--&#(-#(."#,#(.!,.#)(0&)*'(.-D"d.',*),.- ),d."/-#(--G #,.&3.).")P"#,'() ."(1),%-&)-&31#.".",)/* Managing Partner  (-/,#(!."..",)/*#-*)-#.#)(.)-.#(.# 3E(,-- /-.#(#&#.3 /(.#)(D (othschild ‚ Co estion) )**),./(#.#-(,#-%---)#..",1#."G( "#-#(.!,.#0-./*(&-."#.#'*&'(..#)() .",)/*M- Deinition o strategic sustainability  ')(#.),#(!(,0#1#(!S#Td."-.,.!#*,#),#.#-E*)&##-#'*&'(.E -/-.#(#&#.3-.,.!3.d&&&0&-) ."/-#(--')&D direction and ES priorities ()$.#0--.3.",)/*,&.#(!.)-/-.#(#&#.3'..,-E (dS##Td."/-.#(#&#.3*),.#(&/#(.")."-"#&d9d) (!'(.*),.D .*.!/'!,'%%!,,++-(('*,!&,  Group ­€ecutive Committee roup roup ‚Co… (#.#)(E."-/-.#(#&#.3-.,.!3#-*,-(..)."/*,0#-),3), ‚G­Cƒ Sustainability esponsible enerations €nvestment .d&-.)(3,(#-/---d*,.) ."'.#(!-) ."/#.(#-% (inclˆ heads o business lines† unction Šeam Šeam *'-($&3 &$-+!'&'%%!,, ‡† ‰C† inance) )''#..) ."),E),#( ),'&&3)(-#,d").",)/!")/.."3,D &+* #P3P&P*+ &%?."(!#(!,.(,E #(-.",)/*M-'#.#)( )''#...),.#(!#0,-E#(&/-#0( &2#&(0#,)('(. €mplementation oversight 1"#"d(&-&&)&&!/-.)"#0."#,*,-)(&(*,) --#)(& or sustainability strategy ),-/-.#(#&#.3#(.!,.#)(#(.),)/*-.,.!3E(!,)/*P1#-.,.!# -*#,.#)(-E(d.)d(-/,.".1*,)0#&)(!P.,')**),./(#.#- *,#),#.#-D ),d!,)1."D roup alance ‚ €nclusion Committee ")&,'/,+ -&$$ ++JD*,)&#-.)*,)*)--.,.!# #,.#)(-.))."-"#&d9d)-.#)(E#(&/#(!#(,&.#)(.)-/-.#(#&#.3E ƒdvise roup Environment† (.)--#-.."d(!#(!,.(,#()0,-#(!."#'*&'(..#)( *'-(&.!*'&%&,? $, 3,1'%%!,, the EC ‡ealth ‚ Saety Committee ) d."d-.,.!3,)--.",)/*(.")*,.#)(&'(!'(.)  ."d,)/*D('',) ."#-d,-*)(-#& ),d-/-.#(#&#.3.)*#-D 0,-#(!."0&)*'(.( .#0#'*&'(..#)() !,)/*P1# roup esponsible €nvestment Committee /-.#(#&#.3'..,-,#-/--#(.",!/&,'.#(!-) ." *)&##-#'.&#'#.#(!(,/#(!."#'*.) )/,/-#(-- (3d.#'-,+/#,S#(d'),."(B:\) ."'.#(!-#(<:<;TD )*,.#)(-)(d."d(0#,)('(.E(.""&."(- .3) '*&)3-D  - * &%# %$%+&$$ ++* ),&."9--.(!'(.E Divisional anagement Committees ,"(.(%#(!(&)&0#-),3,d,-*)(-#& ),."#(.!,.#)( €ntegration o group„wide ES priorities ) d!,)/*P1#EE*,#),#.#-#(."#,/-#(--P&#(-.,.!3D *'-(+('&+!$ &.+,%&,'%%!,, in business„level strategy development ")&,',*+ % # +0,%+ &%--#-.--(#),'(!'(.#(." 0&)*'(.) ."-.,.!3E.")),#(.#)() d!,)/*P1##(#.#.#0-( 0&)*#(!()0,-#(!."#'*&'(..#)() !,)/*P1# ."d*,)0#-#)() ()(!)#(!()(-)&#.*#./,) *, ),'(!#(-. d#(0-.'(.#(.!,.#)(((!!'(. ,'1),%-/**),.#(! ."d,)/*M--.,.!#)$.#0-E(,*),.-#,.&3.).")P"#,'()  ."d.,(- ),'.#)() d#(/-.,#-.)1,--/-.#(&*,.#-D ."dE1")#-)() ."d(!#(!,.(,-D/**),.3.') 2*,.- S;T ),#( ),'.#)()(.")'*)-#.#)() ."/-.#(#&#.3)''#..E*&-, ,.).#)(@D

              1.3 Stakeholder dialogue, partnerships and public commitments /#&#(!&)(!P.,'E.,/-.*,.(,-"#*-1#.")/,-.%")&,-#---(.#& .*.!/(*,&*+ !(3(-$!'%%!,%&,+ .)d/(,-.(#(!."#'*.) )/,.#)(-E#(.# 3#(!)**),./(#.#- ),d#'*,)0'(.E(,&#-#(!-/-.#(&0&/,.#)(D)(.#(/)/- (!!'(.1#."'*&)3-E&#(.-E#(0-.),-(-",")&,-E-)#& -)#.3Ed('/&.#P-.%")&,#(#.#.#0-#-d,/#& ), )-.,#(!."#-#&)!/D .#)(@) ."#-,*),.*,)0#-()0,0#1) ,&0(.-.%")&,!,)/*-E UN GLOBL O FN ­N€ ‚ ƒ  %3d.)*#-(-.,/./,(!!'(..#0#.#-#(<:<;E1"#""&* FO G N„  …UL­† /-d ),'d)/,*,-*.#0-)(")1.)**,)"-/-.#(#&#.3'..,-#(<:<;D --#!(.),3.)."(#..#)(-&)&)'*.E1-/**),. Signatory All investment business Investor Signatory since Rothschild Martin Maurel ."d(d,#(#*&-)("/'(,#!".-E&)/,E(0#,)('(.E( since January 2021 entities have signatory 2017; regular climate SS and ive Arros (.#e),,/*.#)((,d)''#...)(!!#(!#()&&),.#0*,)$.- status change disclosure Managers SAS are .".d0(d."d(#.d.#)(-/-.#(&0&)*'(.)&-S-TD reporting signatories since 2020 ",d**,)*,#.E."#-,*),.'%-."&#(%.1(.",)/*M- -/-.#(#&#.3*,#),#.#-(d.")''#.'(..)E1",0,*)--#&E )(.,#/..).""#0'(.) d-&.-S*&-, ,.)." *,#),#.3 ,'1),%),/(#0,-&, ,(.&#(.#)(@) ."#-,*),.TD ".&)(.",#!".*,)0#-()0,0#1) !,)/*P1#*/&# )''#.'(.-(."*,.(,-"#*-.",)/!"1"#"."d,)/*(#.- ‡O N ­N ­N­­­€ L­ /-#(---',# #0-&+ ),((!!1#."#.--.%")&,- F­NN ƒ  ­N N­ONL #(d-/-.#(&0&)*'(.#(#.#.#0-D Rothschild  o Asset ­M­ Rothschild  Sons ive Arros Managers SAS Rothschild  o …an† Aƒ Management urope is a €imited is a signatory is a signatory since 201„ is a signatory since 2020 signatory since 201 since 201; commitments have been e‚panded to the entire ƒroup N  ˆ O ‚‚  ­N€ ‚O‚ OL­­ON FO L  L OB O OU NG ‚ ­N­­­€  ‰U‚ N‚­­ON UN BN…U ­€É „UBL Rothschild  o …an† Aƒ Rothschild  o Asset Rothschild  o Asset Rothschild Martin Maurel is a signatory since 2021 Management urope is a Management urope is a is a member since 2021 signatory since 2021 signatory since 2021

              Sustainability Report | Rothschild & Co - Page 8

              1.4 Materiality assessment of non‑financial risks ,*!$!,1%,*!0'&'&G!&&!$*!+#+*$,!&,'+-+,!&!$!,1 #(<:;BE1"0/(,.%(,!/&,'.,#&#.3----'(.-#' s .d#(.# 3#(!."')-.,#.#&(0#,)('(.&E-)#&E(!)0,((#--/- .".,,&0(..))/,-.%")&,-(1"#")/&,*,-(.()(P #((#& Compliance culture† ,#-%-),)**),./(#.#- ),d."/-#(---D eholder inclˆ inancial crime ,0#1) ."#-----'(.) ()(P #((#&,#-%- .#(!,)/*/-#(--- ak (-.%")&,-S;T1-,,#)/.&)(!-#."((/&,0#1) -.,.!# t ,#-%- ),.",)/*.."() <:<;S*&-, ,.)."d-,#*.#)( o s Climate action Data and ) d."d'#(,#-%-.)1"#".",)/*#-2*)-*,-(.#(.#)(>D; e t cybersecurity ) d."d)."-"#&9)((/&*),.<:<;TD",-/&.-) ."#-,0#1 anc Diversity ,d-/'',#-#(."&)1'.,#2E)(-#,#(!)."F ‡uman and inclusion  '.,#&-.%")&,,&0(E#DDE&#%&#"))."..",)/*M-.#)(- €mport rights Šalent acŒuisition 1#."d,!,-.)(#(.# ##--/1#&&#'*.#.--.%")&,-E1"#")/& and development "0(#'*.)(#.-,*/..#)(G  '.,#&/-#(--#'*.E#DDE&#%&#")).".(#(.# ##--/1#&&#'*. .",)/*M-*, ),'(E(#.-#&#.3.),.&)(!P.,'0&/D ‹atural Employee (#.#)(.))(!)#(!-.%")&,(',%.#(.&&#!(E."#-,!/&, Socio„economic capital wellbeing ),'&----'(.*,)0#-.",)/*1#.",&0(.#(-#!". ),.")(.#(/ eŒuality ,0#1) -.,.!#*,#),#.#-D ",-/&.-) ."----'(. ),<:<;"#!"&#!"..")(.#(/,-)  )/- ),."/-#(---, &.#(."*,#),#.3 ,'1),%D"#-,*),.#'- .)d*,)0#,&0(.#( ),'.#)(1#.",!,-.)#(#.#.#0-#'.'#.#!.#(! ."/-#(--#'*.)(."-'..,-E#(*,.#/&,,&.#(!.)N)'*&#( /&./,OS.#)(?DTEN&#'.d.#)(O S.#)(=TEN#0,-#.39#(&/-#)(O(N&(.+/#-#.#)((0&)*'(.K SDD<) ."#-,*),.E ),K /'(#!".-KE*&-, ,.).#)(->D<(>D>) ."#-,*),.G ),K./,&*#.&KE*&-, ,.).#)(=) ."#-,*),.G ),K)#)P)()'#+/#.3K*&-, ,.).#)(-=D?(>D? ) d."#-d,*),.D

              1.5 2021 highlights and impact at a glance Strate…ic nvironment ‹ Œ eople and ‚ociety ‹‚Œ Business ractices ‹GŒ priorities ■ Support and contribute to transition ■ ˆhampion diversity of thought ■ Sa„e…uard responsible business to a low carbon economy ■ ‰nsure employee wellbeing conduct ■ Preserve and protect biodiversity ■ WorŠ a…ainst inequality ■ Net zero operations 2030 commitment ■ c‹ 3Œ00 emp€oƒees in over Ž0 countries ■ ‚7 comp€etion –n„ormation Securitƒ “perationa€ ■ 70 GG emissions reduction vs 20 ■ 3‚ avera…e tenure ‘ ’ ƒears trainin… „ocus ■ Shi to­ards active carbon remova€ ■ “ver 00 ne­ hires 33 „ema€e ■ ‚— comp€etion ”ata Protection Trainin… ■ ‚ rene­ab€e e€ectricitƒ ■ 2’‹Ž „ema€e in A” €eve€ and above ■ 00 o„ c€ients sub˜ected to „inancia€ ■ 7‚ o„ reportin… offices are ‡S‡P „ree ■ Ž0 „ema€e Board members crime risŠ assessment ■ c‹ Œ300 participants in ”•– trainin… ■ A€€ business divisions assessed „or ABˆ risŠ pro…rammes ■ A…i€e WorŠin… Po€icƒ Socia€ and environmenta€ controversƒ monitorin… Speci„ic ‰SG investment po€icies WAM Ambitious S™”š c€assi„ication ob˜ectives Ne­ sustainab€e investment products in AM ‰urope and MB› Business and MB 0 €abe€€ed „unds in AM ‰urope –SšœTo­ards Sustainabi€itƒ inte…ration  žotin… covera…e a€most 00 Nine ‰SG en…a…ement initiatives ˜oined bƒ entities in 202 GA Ÿeadin… corporate adviser on transactions re€atin… Advisor on sustainab€e „inancin… transactions €inŠed to environmenta€ to innovative ener…ƒ techno€o…ƒ and socia€ causes Third Supp€ier ˆode o„ ˆonduct ‰SG considerations in ne­ c€ient on¡boardin… processes Phi€anthropic parties activities š•ˆoŽGenerations¢ ne­ „und and …€oba€ p€at„orm „or environmenta€ and socia€ phi€antropic partnerships (1) Eligible perimeter for AM Europe, AM US and WM UK (discretionary assets).

              Sustainability Report | Rothschild & Co - Page 10

              2. ESG integration across the business model 85% 95% ) #-,.#)(,3 ) M-)*(( S;T --.- d( /(-.)&--# # -d,.#&B),CS

              Sustainability Report | Rothschild & Co - Page 11

              ,)')/,)*,.#)(&#'*.E.)."*,)/.-(-,0#-) ,#()/,/-#(--&#(-E.)."&#(.-(-/**&3"#(*,.(,-1(!!1#."E1#'.)#(.!,.)/,-/-.#(#&#.3*,#),#.#-.0,3&0&) ."/-#(--')&D--/"E d)(-#,.#)(-*&3(#(,-#(!,)&#(."**,)".)-*)(-#& (0-.'(.E(#(.".,(-.#)(()(!)#(!0#!#0(#(."&)&0#-),3/-#(--D#'.)-/**),.." #((0#,)('(.&(-)#&*,#),#.#- .",)/!"*"#&(.",)*#.#0#.#-1#.")/,#.9)>(,.#)(- /((*&. ),'D 2.1 ESG integration in investments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d*&. ),' .,)(!)''#.'(. ),-/-.#(&*,)/.) ,#(! 2*((!!'(.-)* "#&#(.!,.#)(#-#(,-#(!&3)'#(!(#'*),.(.*,.)  (d&--# #.#)( (!!'(.#(#(#.#.#0-#(,-#(<:<;E#(&D&."(!'(.  ."d3P.)P3$) ),')-.#(0-.'(..'-E1,#( ),)/,2*,.#- "d,!/&.#)(*,)0.)()**),./(#.3.)-.'#.#)/-.,!.- S&."(!'(. T-&#'.;::]-#!(.),3E(--. (#(.,(&*#.3 ),.")),#(.#)() P,&..)*#-.",)/!" .)d..,&#!((.#.#-M*,)/.) ,#(!.)."-*)(-#& (0-.'(. (!'(./,)*Sd/,)*T$)#(#(!.".,)--.(!,- ,,/#.'(..).",)/*((.#.3&0&D(.#0)),#(.#)( -.,.!3D (#.#.#0D (.1),%#-#'.)(-/,)(-#-.(31#."#()/,,)/*-1&&--.,)(! )*,.#)(&2/.#)() ."-*)(-#& (0-.'(.-.,.!3')(! /-#(---D ‡he ˆrou‚’s investment business lines now use the SFDR framework(1) as a guide to develo‚ their ‚roduct offering with the following SFDR classification obŠectives(): % %  of …ealth †anagement discretionary assets() of ‹sset †anagement uro‚e’s o‚en’ended funds †erchant “anking funds to be classified as to be classified as ‹rticle Œ or Ž‘ to be classified as ‹rticle Œ or Ž‘ ‹rticle Œ and one fund to be classified as ‹rticle Ž Su‚‚orting this obŠective€ new sustainable strategies were launched throughout the year and the number of funds with an eternal sustainable finance certification significantly increased from four funds to 1 funds (1) SFDR framework: according to available information and the businesses’ own analysis ()  baseline () cluding ­ and dedicated funds€ which re‚resent c ƒ„ of total …† discretionary assets

              Sustainability Report | Rothschild & Co - Page 12

              ((*' *'-(G/!!&.+,%&,*%/'*# "#&/-#(--&#(-,,-*)(-#& ),."*&)3'(.) ."#,-*# ##(.!,.#)(-.,.!#-()*,.#)(&,)'*-)(-#,.) ."#,/-#(--)(-.,#(.-(-*# ##.#-E)/,(.#.#-"0!,)()'')(#(0-.'(. ,'1),%F +('&+!$ &.+,%&,*'%(645=G6466A$%'+,&,!*$1 !.!&6465  ##) !+ - )&)**$6465  *  )'')(#(0-.'(.*)&##-)(d.",'&)&E /('(.&*,#(#*&- _C:\) )(-)&#./S;T '#(0-.'(.*)&##-')(! (d)(.,)0,-#&1*)(-d)*. )0,3d.",'&)& ."d,)/*  ",'&)&#(0-.'(.*,#(#*&-,0#1(d/*. #(0-.'(.d*,#(#*&-  #(.!,.#)(*,.) (.#.#-M#(0-.'(.*,)--F1",**&#&E &&&."9--.(!'(.(.#.#-(#(0-.'(..'-/-."d-' 544N %+)+ &% )'')(.d*,)0#, /-#(----",)'')(.))&-E.-)/,-(d-.*,.#.)d#(,- d.*,)0#, d#(.!,.#)( *),.)()'')('#(#'/'-.  )(-)&#.#)(*&( ),,*),.#(!) d..d,)/*d&0& ;::\) --.(!'(./,)*M- /(-)0,3dd,)(#(.(-#.3 ) ddUd#'*..  '*,)0,*),.#(!.d(.#.3d&0& '-/,'(. ,.#)() *,'((.  "#,3'',) ."(!.",#(!,*,-(..#0- Ad-*)(-#& (0-.'(.)''#..'.#(!-"&#(d<:<; -*)(-#&d (0-.'(.)''#.. ) d&&d/-#(--&#(-E." (0-.'(.)''#..'.-)(')(."&3-#-  &&#(0-.'(.(.#.#-1, -#!(.),#-.d3,d(<:<: &."(!'(. (,"(.(%#(!,#0 -),#(d<:<:E )#( (.,(.#)(& (#.#.#0-d  --.(!'(./,)*E,"(.(%#(!E)."-"#&(d)(% d/,)*d] (&."(!'(. -/'#..d +/-.#)((#,#(<:<; %+ -%% ).#(!  .1,-"#*(0).#(!*)&##-"0(0&)*3/-#(--&#(-D ).#(!)0,!,"&')-.;::\)(d."d&#!#&*,#'., ),d--. %-*+&) (!'(./,)*EdE(&."(!'(. S#-,.#)(,3d--.-T ,)').(-/**),.-/-.#(&  ,.##*.#)(#('/&.#P-.%")&,#(#.#.#0-S*&-d, ,.)d.#)(d;D= #(dP,&.#(#.#.#0-$)#(d3d(.#.#-#(d<:<; #(0-.#(!*,.#- ) d."#-,*),.T !/&,*/&#.#)(-(d)( ,(-  (.#.#-,&-."'.#*/&#.#)(-.)d&#(.-(d0#1d"((&- ?Cd#.*/&#.#)(-)0,d<:<; )(d( '*. &!-"#*-/-.#(&*,)/.-  "&#!#&(.#.3"-,.#&dBUC*,)/.- ;:d&&& /(-Sd/,)*T#(d<:<;S,("d U)1,-/-.#(#&#.3d&&-T ) %%&-+ -*,*+ %#  1N#'*.O*,)/.-0&)*3,"(.(%#(!(d/,)* %-*+$%+')&,+* )(.#)(-",-  --.(!'(./,)*-.,..)0&)**,) #.e-",#(!) ,#(! ",d /(-) ,#(!)(.#)(-",d#(d<:<; S;T &#!#&--.-E2&/#(!,#0.#0- ),&&(.#.#-E2&/#(!"! /(- ),&."(!'(. D /-#(--&#(-*.."#(.!,.#)()  .),-((&3--,)--."-*.,/') *#.&.)'.."# ,(.#(0-.'(.(-(*,) #&-) #(-.#./.#)(&(*,#0.&#(.-D

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              Sustainability Report | Rothschild & Co - Page 14

              &%&, "#'*&'(..#)() ,&#&#(0-.'(. ,'1),%- )-.,-0&/,.#)(E)(.,#/.-.)..,,#-%')(#.),#(!E(,.-*)-#.#0#'*.)(."*,#),#.#- #(#(.",)/*M--.,.!3 ,'1),%D-,-*)(-#& #(0-.),E1-/**),.."0&)*'(.) -/-.#(&/-#(--*,.#-0##&)!/1#."),*),.-E),).", #((#&*&3,-S--.'(!,-U,#0.+/#.3 /(-TE()''/(#.#)() )/,-/-.#(&.#)(*&(-.)&#(.-D .#0(!!'(..#)(-,#'*&'(.#(.1)13-F S;T  )+%$%+@#-/--#)(1#.")'*(#-#(1"#"."/-#(--#(0-.-,#(#.#..)..,/(,-.( Sd)'*(#-  *# #.)*#-,.,!.)(-P3P--#-(,!/&,#-/--#)(- NET ZERO ASSET CERCLE ROBECO POUR UNE UK STEWARDSHIP CODE #+ %$%+ ),!(#-1#.")'*(#-#(*),. )&#) MANAGER INITIATIVE BANQUE PRIVÉE DURABLE (FRC)  (!!1#.")'*(#- ,)'0,#)/--.),-)(P,&."&&(!-  ),'&#-(G+(!!&%&,('$!1#(&/#(!0).#(!*)&#3E Asset Management Rothschild &+* #P3P&%" (d#(#0#/&()&&.#0(!!'(. Europe Martin Maurel Wealth Management UK &+* # )+ % ,)#  /&#-"((!!'(.*)&#3 ,'#(!.#)(- ),*,)').#(! 1#."d#.-d-.%")&,-  ",d,(.&3+/#,*),. )&#))'*(#-.))(/.(,0#1 THE INVESTOR FORUM SWISS SUSTAINABLE ESG COMMISSION (d #((.#)(*&() d#'*,)0'(.-.)#'*&'(. FINANCE AT FRANCE INVEST )%+%" %  1)d(,&,.(,-.)-",P,&.%()1&!(!))*,.#- #(d."d#(/-.,3 Rothschild & Co  /.) CCd*),. )&#))'*(#-((,&,.(,-EAC\"0)'*&. Wealth Management UK Bank AG Merchant Banking (d+/-.#)((#,#(<:<; GLOBAL IMPACT INVESTING NETWORK (GIIN) Merchant Banking

              ),."#(0-.#(!/-#(--&#(-E-) &#-.)'*(#-*,-(..")**),./(#.3.)2*,--."#,0#1-( !+$'+-*?*('*,!&&%+-*%&, -/**),..).)*'(!'(.D (<:<;E"#!"-&+ %&-).,!.-"0(,"F)."-"#&d9d)(% S;T S"(! /'(&/-T #+ %$%+ =<< CC &#!#&#-,.#)(,3--.-  ,*),.#(! ),&')-.&&*,)/.-E*,)0##(!#( ),'.#)()(."-),#(!E ."d,)( )).*,#(.(.".,(-#.#)(*,) #&-) )'*(#-#(*),. )&#) &+* #  -+,!&!$!,1*!+#(('$!1 )+ %P ,)# #+ %$%+  +('&+!$ &.+,%&,('$!1 &+* #3&%"  ((*'  **+ %$%+  -*)(-#& (0-.'(.*)&#3 )') ."(.#.#-*/&#-".,&..)."*, ),'() ."#, /(-D ") ."#(0-.'(./-#(---#-,-*)(-#& ),."'(!'(.) ."#(.!,.#)(#(#.-.#0#.#-E( ."d,*),.#(!)(-.) '.,#-."."0( #(.,)/*&0&D"#-1#&& )&&)13."!!,!.#)( ) dd)(-)&#.*, ),'(,*),.#(!)0,#(!(/',) %3  -,*,-(..#0) .",)/*M- *,#),#.#-,)--#.-#(0-.'(..#0#.#-D!&)&')(#.),#(!) ."#'*.) ."#(0-.'(.-)/&"&*#(.# 3 )**),./(#.#- ),)&&.#0.#)(,)--."# ,(.(.#.#-E(&#(!-3(,!#-#(,--#(!.,(-0,-&#--/- -/"-."'(!'(.) &#'.P,&.,#-%-()**),./(#.#-D S;T +/#.#-#(&/#(#-,.#)(,3--.-D S

              *'-,'*!&@*'%!&,*,!'&,'O!%(, ,)/.) ,#(!2*(-#)(#-%3.)'..")$.#0-) #(-.#./.#)(&(*,#0.1&."&#(.-.".,&))%#(!.)#(0-.#(&#(1#."."#,(0#,)('(.&E-)#&(!)0,((*, ,(-E(.)&&)1/-.)"0*)-#.#0#'*.)(." -/-.#(#&#.3.,(-#.#)() ."!&)&)()'3D .*.!/(*'-,+(,*-% !&,*,!'&!&,*+-*1&O$&!&O,!.!,!+ ,* %**# % /$'#*&')&,+-#&'$%+*6465 /#,* &% %+)+ &% $'+ 0,.")/,-) <:<;E*)&##-1, #( ),.",)/*M-.,-/,3 .#0#.#-E1"#" )&&)1."-.&#-"!,)/*#(0-.'(.*)&##-)(2&/-#)(-D  ;:d&&&*,)/.-S,(" ()1,-/-.#(#&#.3&&-T (#.#)(E#(0-.'(.-(2*)-/,-,')(#.),/-#(!  **+  /(") P)&),>"(!&)&+/#.3E#'#(!..#0&3)(.,#/.#(! ,.#(!-(()&#'#.-,**,)0 ),(3(.#.3,.),d&)1 %$%+ .)d."d0&)*'(.) *,.#- ` ` ` S),d+/#0&(.1",() ,.#(!0#&&TD ,)&'  0&)*'(.) *,)/.-#..)(0#,)('(.&),d-)#&#'*. /,&(#(!.#0#.#-'#(&3--#-.*,#0.&#(.-#(."&."(!'(. S*&-d, ,d.)d.#)(-d=D<(>D=) d."#-d,*),.T /-#(---D"-&#(.-/(,!)."),)/!"(1&#(.*.(*,)-- -#!(.)*,)..."!,)/* ,)'(3*).(.#&,*/..#)(&,#-%D &+* #  /,.",0&)*'(.) .">"(!'(.-E,#( ),#(!-.P#(P&---&.#)( ` ` "d--.-d."..--/,#.3 ),." )',&(#(!.#0#.#-, )+ %P ,)#  .,(!."(#(!) #(.!,.#)(*,)--#(-.(,#-,.#)(,3'(.- #(",(.&3!/#3.",)/*J-#(0-.'(.*)&#3)(&."(!'(. --.-E1"#"#(.!,.*,#(#*&-E(),,)1,-,()/,!  /,.",0&)*'(.) ."2/,3-.,.!3E1"#"#(#.#)(.)#.-,./,()$.#0E.#0&3 .)d)(-#,,#.,##(."#,#(0-.'(.-D*)&#3 ),#(.!,.#)()  #+ #(0-.-#(--.-.".-/**),.."!)&-) .",#-!,'(.S(.4,)!&)&'#--#)(- ` ` )(-#,.#)(-#(.",)/*M-,&-..&)(/-#(--"-(-#!( %$%+ 3d<:?:T(." #,.,(-#.#)(.)&)1,,)(1),& #(d<:<:E(#(d<:<;.",,)(!)#(!#-/--#)(-.)0&)*13-.)'-/,  <:<:*),.?    @ ."#'*.)(.",)/*M-,&-..&)(*),. )&#)-D &+* #P3P&  .,(!."(#(!) #(.!,.#)(*,)--) ." /(-(d#-,.#)(,3'(.-Q-*# # %" -.P#(P&--**,)"(----'(.) ."&)1P,)(.,(-#.#)(*,) #&) )'*(#- ` ` #(d."*),. )&#) **+  (,+/&#.3&(--.,.!3#'#(!.*,)').#(!!(,+/&#.3,)--#(0-.'(. ` ` ` %$%+ *,.#--)(.*,)0#d3+/#&* )%+  1)-.,.!#-*,)').#(!#'(-#)(-E.!),#--d,.#&dB),#(!.) %" % Sd(d T ` ` `  /(") (1#'*. /(#(<:<;S TE.!),#--d,.#&dC),#(!.) ",+/#,'(.-) ."/-.#(&#((#-&)-/,!/&.#)(ST',%(#'*),.(.)**),./(#.3 ),."#(0-.'(./-#(---.)&#!(( 0&)*#(0-.'(.-.,.!#-1#."!&)&-/-.#(&)$.#0-1"#&)'*.#(!)(+/&.,'-1#.").",',%.*&3,-D",)/*M-#(0-.'(./-#(-- &#(-dS2*.d ),--.(!'(.T()1/-." ,'1),%.)0&)*."#,*,)/.) ,#(!-#(),(1#.".")0P'(.#)(.,!.-D .#)(-=D<(>D=) ."#-,*),.*,)0#2'*&-) ")1# ,(.#(0-.'(.*,)/.-(-.,.!#--/**),.)/,-.,.!#*,#),#.#-D"d/-#(--&#(- 1#&&d)(.#(/.)0&)*."#,) ,#(!.)#(.!,.-/-.#(#&#.3.."",.) d."#,-.,.!3D

              2.2 ESG in Global Advisory &#!(.))/,*)-#.#)(-)() ."&#(!#(*((. #((#&0#-),3 ,*+ %# %%+)%*+ &%*><:<;1-(#'*),.(.3, ),." .#)(-=D=(>D>) ."#-,*),.*,)0#2'*&-) ")1# ,(.0#-),3 ")/--E)/,&)&0#-),3/-#(--"--.&#-"&#(!0#-),3 -/-.#(& #((',%.(11,&.)-/-.#(&#(!*)-#.#)( '(.-, &.(-/**),..",)/*M--.,.!#*,#),#.#-D *,.#1"#")'#(-2*,#((#.2*,.#-E1#." #(d,#-#(! #((#(! ),,(1&*,)$.-('%#(!!,((-)#& ."d)(!)#(!0&)*'(.) -.),-*# ##(.!,.%()1&!D *,)$.-#(0-.#&D (0-.),-,,--#!(#(!&,!')/(.-) ')(3.)1,- "d/-#(--0#--&,!E'#(-'&&P*),*),.-)(."#,9E .,(-.#)(-(,.#(!-,#(,-#(!&3#( )/- ),/-#(--- &!&&.!*'&%&,$&+'!$*!+#+ -.,.!#( #((#(!!)&-D/**),.#(!*/&#(*,#0.),*),. -%#(!-/-.#(& #((1"#"'..",&0(.,#.,#()$.#0-D &#(.-d)(-)&#. /&&-*.,/') ,#-%-()**),./(#.#-#-&#!( /,.( #((#(!0#-),3*,.#1),%-1#."&#(.-)(#(()0.#0 !&O*$,!'&,'O$!&,+O&O,*&+,!'&+ 1#."."&)(!P.,'**,)".)*,)0##(!0#(&0,!-)/,#&#.3 -/-.#(& #((#(!*,)/.-E-/"--/-.#(#&#.3&#(%&)(-()(-E .)d#( &/(#--/-.-&D#.")/,2*,.#-E1,1&&P*& /.#)()(-(!,()(-E),,&.#(!.)."'#.#)(-((.P4,) ,.#0&3'(!#(!,#-%-.".)/&,#- ,)')/,/-#(--.#0#.#-D .)d-/**),.&#(.-.",)/!"."(,!3.,(-#.#)((." #(#.#)( .,!.-) ."&#(.J-/-#(--D ",)/*M-&#(./#&#!()&#3*,)0#- ),*).(.#&,*/..#)(& (d#'*&'(..#)() dd-.,.!#-Dd ,(.#&-,#(,-#(!&3,#.#&#(,.#(#(!(..,.#(!*#.& ,#-%-.".'3,#- ,)'0,#)/--)/,-E#(&/#(!E/.().&#'#..)E -#(!."-%#&&-(2*,.#-.."",.) #.-/-#(--')&.)#(.!,. .)d�,)*.#'&)/.)'- ),&#(.-D %-*+&)- *&)0( %-*+&) ."d(./,),*/,*)-) *,)*)-.,(-.#)(),-,0#E."#(.#.3E #.*,.#E&)&0#-),3#-F )"+ %/.#&#-#(0-.),#(-#!".-,)/('..,-E(&#(!."' &).#)(),.#0#.#-) *).(.#&&#(.(.",!/&.),3),*)&#.#& .)d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d---/-.#(&*#.&1#."(#(.!,.-/-.#(&-.,.!3D *)#(.) )(),#(!(1&#(.(U),'(.D"#-#(0)&0-F "&&(!-G(  ,*/..#)(&-,(#(!-#!(.)#(.# 3(3*).(.#&#--/-#(,&.#)(  *,)').#(!." &)1) *#.&.)1,--/-.#(&)/.)'- ),&#(.-E /,.'-*,)0#"#!"+/&#.3-.,.!#0#)(..,.#(!*#.&( .)."*,) #&) )'*(3),.,(-.#)(D",*).(.#&#--/ -",")&,-E(-)#.3D (!!#(!1#."#(0-.),-,)/(0,#)/-(0#,)('(.&E-)#&( #-d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d.%&#(!,)&-(0#-),)(.,(-.#)(-,&.#(!.)#(()0.#0 #(0-.),-E#(&/#(!*#.&',%.-3-E,-/&.-(,*),.-G ,*,-(.-)/,) )( &#.1#.".",)/*M--.,.!#*,#),#.#-E (,!3."()&)!3((,!3'(!'(.E'%#(!." #,')() .".)* (d-d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

              2.3 ESG considerations in supply chain engagement "#&-.*,)/,'(.#-#)(-,')((.,&#--#-#()/, (/',) ,)/**)&##--*# 3#.#)(&,+/#,'(.-,&. /-#(--&#(-( /(.#)(-E1,)''#...)()/,!#(!,-*)(-#& We aim to ensure that: .)d*).(.#&,#-%-) --)#.#)(1#."."#,*,.3-/**&#,-E )&&)1#(! /-#(--*,.#-.",)/!")/.)/,)*,.#)(&-/**&3"#(D"(1),%#(! d*,)*),.#)(.(,#-%P-**,)"F 1#."-/**&3"#(*,.(,-E&&*,.#-,2*..))''#..)1),%#(! 1#."d").",.)/#&,&.#)(-"#*) ,-*.E.,/-.(.,(-*,(3D Suppliers are made aware of the Su C  ­ C€ u‚ƒ d,#'#(!.),.#0,-*))&) -/**&#,-.".-",)/,*,#(#*&-D as part of the RFP/contract renewal process;  .""% $>"")""% $ )#(&/-,#-%!,#(! (."-/**&#,-&.#)(*,)--E1#'.).,.&&*,.#-+/&&3(1#." N+/&# 3#(!O."#,*,.3,&.#)(-"#*-#(),,.).,'#(."&0& #,(--E*,)0##(!."-')**),./(#.#-D",)/*#-)''#...) )&&)1 ) /#&#!(,+/#,E#(&/#(!." ,+/(3) ,0#1-*,. #,(,-)(&*3'(.*,.#-(.)*3-/**&#,-#(),( ) )(!)#(!')(#.),#(!-1&&-*).(.#&)(-+/(-)  #&/, 1#."!,&#(-D .)�/*.)."-.(,--.G at contracting stage  .",)/*M-/.-)/,#(!)&#3)/.&#(-."**,)".)'(!#(! "0 ),'&#-)/,2*..#)(-#(#.-(($!*''O'&-, ■ accept its principles as a fundamental reuirement for doing ,#-%---)#..))/.-)/,#(!()/.&#(-*,#(#*&-1#.",!,- **&#&.)."#,*,.#-1")-/**&3!))-),-,0#-.).",)/*E- business with Rothschild  Co, and/or .)/#&#!(,+/#, ),(.,#(!#(.)()/.-)/,#(! ) d /&3<:<;D"), &.-)/,*,#),#.#-(&,# #- ),d)/,-/**&#,- !,'(.-1&&-d(--,3----'(.-) ,#-%(,#.#&#.3G ."2*..#)( ),,-*.)  /('(.&."#&E-)#&d((0#,)('(.& ■ provide reassuring proof of their own policies and public  .",)/*M- ( ),'.#)(/,#.3)&#3 #(-),*,#(#*&- *,#(#*&-#()#(!/-#(--E#(&/#(!."d)''#.'(.-1"0'- commitments that are reflective of the principles of the Group’s ),d#( ),'.#)(-/,#.3(."*,)..#)() #( ),'.#)(--.-E d-#!(.),3.)."(#..#)(-&)&d)'*.D"-2*..#)(-2.( Supplier Code of Conduct; #(&/#(!d ),d."#,*,.#-()/.-)/,-,0#*,)0#,-G .)."-/**&#,-M,&.#)(-1#."d."#,)1('*&)3-(-/)(.,.),-),  .",)/*%%"$)$"-.-'#(#'/',+/#,'(.- (3).",,&.."#,*,.#-) -/**&#,(.#.#-(),!(#-.#)(- ),'#(! ),d&)/e-."()&)!3-,0#-)(-/'3)."-"#&9)E *,.) ."(!!'(.D **&#&.)d."()&)!3-,0#-*,)0#3."#,*,.3-/**&#,-G should concerns arise, the contract owners should engage with the  .""#,P,.3/,#.3.(,&3-)/.-.(,)(.,)& potential supplier to understand issues and a plan to address these in ,+/#,'(.- ),(!!#(!1#."(1."#,*,.3-/"--/,#.3 the future; and .#,#(!----'(.),d*(.,.#)(.-.-G(  ." ),(&0,3..'(.#(&/-*,#(#*&- ),#(.# 3#(! -/**&#,-.".,&#%&3.)*)-'),(-&0,3,#-%(#(&/- ,#-%!,#(!) .)*-/**&#,-D in addition, where possible, provisions allow for an immediate right of termination at the Group’s sole discretion, when a breach of the Supplier Code of Conduct is reported ",)/**,.#(!)''#.."-#(#.#.*,)$.#(0)&0#(!." 0&)*'(.) )'*,"(-#0E(P.)P(E*,)/,'(.*,)-- ),d-&.#(!E0&/.#(!('(!#(!"#,,.3&.#)(-"#*-E #(&/#(!d,#-%P-/#&#!(D '*&'(..#)(#-2*. ),<:<

              2.4 Philanthropic partnerships: R&Co4Generations (<:<;E1(()/(."&/(") 9)>(,.#)(--*&. ),' "9)>(,.#)(- /(#-'(!/(,."/',&&) ." #(! .)d /,.",/#&)()/,&)(!*"#&(.",)*#.,#.#)() -/**),.#(!",#.#- /)/#()/(.#)(S TE*/&#/.#&#.3 )/(.#)(,!#-.,#(&!#/'D (-)#&(.,*,#--D9)>(,.#)(-#-#.*"#&(.",)*# /,(.#.#-)(.,#/..)." /(#.",#,.&3),0# M-!&)&(.1),% /(d(*,)!,''.)),!(#-('(!--)#..#0#.#-,)-- ) -/-##,#-(*,.(, )/(.#)(-D ."d,)/*D " /(#-!)0,(3(!'(.)''#..)'*,#-) )."-"#& 9)>(,.#)(-M%3)$.#0#-.)*,''&)+,+,)%)+ &%*3!#0#(! 9)2/.#0-(#(*((.-/$.'..,2*,.-D"(!'(. ."'."'(-.) (*..)."-)#&((0#,)('(.&"(!- )''#..-&.-*,)$.- ),-/**),.)(."-#-) )$.#0,#.,# .".."31#&&()/(.,/,#(!."#,&# .#'-D .-/**),.-),!(#-.#)(- (d.))&--*#&&3-#!(.)--#-.1#."."#-*,)--D&.#)(,#.,# 26% 1),%#(!.)&$+++*& %(,# + *%# $+%7 #(&/&#!('(.1#."."9)>(,.#)(-'#--#)(G&#%&#")))  ) '*&)3-!&)&&3(!!1#."9)>(,.#)(-U 1#."dd-*#& )/-)(*,)$.-1"#"F )(.,#/.#(!.)d&)(!.,'E-/-.#(&"(!G-&#&#.3),,*&##&#.3G )''/(#.3 (0-.'(..#0#.#-S;TD  0&)*-%#&&-(.&(.-G '*&)3(!!'(.)**),./(#.#-#(&/#(! /(,#-#(!E0)&/(.,#(!  /&.#0.(.,*,(/,#&'#(-.-#(3)/(!*)*&G( (d*,)P)()0#-),3D  *,)').#(()0.#)(#(,-*)(-.)#(+/&#.#-(&#'."(!D (!!#(!'*&)3-#-(.,&.)."9)>(,.#)(-'#--#)(D &&d) d)/,d)&&!/-,()/,!.)*/. ),1,."#,*,)*)-&- 9)>(,.#)(-M*,#',3 )/-&#-)(-/**),.#(!&)&",#.#-.". ),d/--.)d-/**),.E(.)!.#(0)&0#(-&.*,)$.-.",)/!" ),."(50 charities ,d)*,.#(!#(."!)!,*"#-#(1"#"1"0*,-(D (#.#)(E 0)&/(.,#(!),d3d$)#(#(!*,)P)()0#-),3.'D!/&,/*.- "d3,9)>(,.#)(-1#&&-/**),.(/',) !&)& &!-"#* )(d*,)$.-&.#)(E.#0#.#-(*,)!,--,-",1#."'*&)3- -/**),.3."/-#(--,)-- *,)$.-E*,)0##(!(#(,-&0&) -/**),..)-&.#(#.#.#0-1),%#(! )(d."d,)/*#(.,(.),d0#'#&D ,)--!)!,*"#-)(#--/-) !&)&-#!(# #(D .#)(-=D?(>D?) ."#-,*),.*,)0#2'*&-) ")1# ,(. 20 countries (-/**),.#(!-/"#(#.#.#0-E9)>(,.#)(-#'-.)'% /&&/- *"#&(.",)*##(#.#.#0--/**),.)/, #((0#,)('(.&(-)#& ) d."d.))&-.)/,.#.-#-*)-&E#(&/#(!F *,#),#.#-D  )%+,% % ),#(()0.#0",#.#-(-)#&(.,*,#--1),%#(! #(d."")-( #&-G  .,!.,%) * %$' %*1#.")'*(3'."#(!.)-/**),. 1#."( ."d*,)$.-G average partnership  ')&G&%&- *&)0-/**),.1",.",)/*(-",#.-*,) --#)(& %()1&!(-%#&&-.)-.,(!."(,-#&#((-/-.#(#&#.3) "#!" duration of two years. #'*.(*,)'#-#(!),!(#-.#)(-G  .,!.E*/,*)- /&-&#,%+) %')&)$$*1"#"&&)1)&&!/- .))(.,#/.#,.&3(.(!#&3.)/--1"#"-",.",)/*M- S;T (&/-0)&/(.,#(!E!#0#(!E(..(#(!0#,./&0(.-D )$.#0-G(  /&.#'.&3E*& # $'+ %-*+ %%#&%*.)-/**),."(!'%,- 1"),0&)*#(!/..#(!P!-)&/.#)(-.)-)') ."')-.*,--#(! -)#&((0#,)('(.&"&&(!-."1),& -D

              3. Environmental impact -70% )*,.#)(& '#--#)(- 0-D<:;B 91% &.,##.3 ,)',(1&-)/,- Net-zero )*,.#)(-<:=:)''#.'(. 79% ) ) #--#(!&/-*&-.# ,

              3.1 Strategic priorities ,)''#...))(.,#/.#(!.)'),(0#,)('(.&&3-/-.#(&)()'3(&#'#.#(!.",)/*M-(0#,)('(.&#'*.D"#-"*.,#'-.)*,-(.!,)/*P1##(#.#.#0-E*)&##-E*,)/.-(-,0#-.".-/**),.."- )$.#0-(,-#!(.)"&*'#.#!.,#-%- ),-.%")&,-(#( &/()**),./(#.#- ),."/-#(--#(."-,- .*.!/ ) &) + * ,''&)+ %++)%* + &%+&#&.G)&%&%&$0 )*)- %%')&++ %& & -)* +0 !+ - #'#.#(!(,/#(!."#'*.) )/,)*,.#)(-E*,)/.-(d-,0#-)("(!#(!&#'.E ,-,0#(!E*,)..#(!(("(#(!."d,-#&#() )/,*&(.M-)-3-.'-,0#-(."-)#.#- (d.-.&3-.#(-/**),.) .".,(-#.#)(.)1,-&)1,)()()'3 .".,&3)(."' ')+ &%#&,* /#(!('#.#!.#(!."#,.(#(#,.&#'.#'*.) d)/,)*,.#)(-G (./,P*)-#.#0**,)".".-/**),.-,!(,.#)(E,-#&#((#,/&,#.3-*,.) )/, &#'.d"(!d*..#)( (0#,)('(.&'(!'(.*,.#- ,* %**# %P&,* (.!,.#)() (0#,)('(.&)(-#,.#)(-#(*,)/.(-,0#) ,#(!E#(&/#(!#(0-.'(.**,)"-(d0#-),3-,0#-#'.#( &/(#(!*#.&&&).#)(#(-/**),.) $/-..,(-#.#)(.) &)1,)()()'3(.)1,-(./,P*)-#.#0-)&/.#)(-  #%+)&'0&,* /**),.#(!(0#,)('(.&#(#.#.#0-1#." )/-)(&#'."(!  .P4,))*,.#)(&#'*.3<:=:S;T  ,)1-..)&( #&&3<:=:  ;::\,(1&(,!33<:

              3.2 Products and services: investment approach #'#.#(!."(0#,)('(.&#'*.) )/,.#0#.#-#-%3)(-#,.#)( (0-.'(..'-')(#.),."*, ),'() #(0-.)'*(#-,!,#(! -*,.) ."#,-*)(-#& (0-.'(.**,)"E)/,#(0-.'(./-#(--- #(d."#(0-.'(. ,'1),%-(*)&##-()(-.#./.-()(!)#(! %- )&%$%+#) +) S(0#,)('(.&-),-E,)(#(.(-#.3E.,(-#.#)( #'.)) ,&#(.-.")**),./(#.3.))(.,#/..)."-/-.#(#&#.3 )$.#0 ),)/,#(0-.'(..'-D *,) #&TD (#.#)(E-)'(.#.#-"0#'*&'(. /,.",*,.#-E-/"d-F .,(-#.#)() ."!&)&)()'3.",)/!"*' # *&) %+)+ % )&##-( ,'1),%-.#&#(.#)( ."d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dd"#!"&3#'*.#(!-.),."."--#!(# #(.)(.,#/.#)( .)d(0#,)('(.&"&&(!--/"-&#'."(!D &.+,%&,(*'-,.$'(%&,+/!, &&.!*'&%&,$, % %+ +0 )&,+-#&'$%+*6465 $  >"(! /(-S+/#.3E #2P#()'(#0,-# #T )/-)(dd#'(-#)(-F  &#'. R .1)) ."- /(-'N.P,)OE1#."'#.#)/-&#'..,!.-#(d<:<;G  .,-,#.3 **+ %$%+,)&' R &/(") &),>"(!&)&+/#.3#(<:<;E&#!(#(!."2*,.#-) d &!-"#*  #)#0,-#.3 /(d&),(d."')(#.),#(!) -*# #(0#,)('(.&  -  ,()(- /(F)(.,#/.#(!.)."(0#,)('(.&.,(-#.#)( &+* # )+ % ,)#  #.*,)/.-(.,)(!,(.,(-#.#)()**),./(#.#-  &#'.  2/,3-.,.!3E1"#"#(#.#)(.)#.-,./,()$.#0E.#0&3#(0-.-#(--.-.".  &#'. #+ %$%+ -/**),.."!)&-) .",#-!,'(.S(.4,)!&)&'#--#)(-3<:?:T(." #,.,(-#.#)(.)&)1,,)(1),&  /(-(#-,.#)(,3'(.-F')(#.),#(!."&)1P,)( .,(-#.#)(-),  &#'. &+* #3&%" ) d)'*(#-#(*),. )&#)S*,)0#3 -,"T(2&/-#)()  1),-.e#(e&--E-)P&&-.,(--.-E*&3,- )%+%" %  #0,,)1-/-.#(& (0-.'(.F(#'*. /(#'.#(0-.#(!#(d)'*(#-  &#'. .#0&3)(.,#/.#(!.)."&)1P,)(.,(-#.#)(  /-.#(&!,#/&./,

              "0&)*'(.) (0#,)('(.&*,.(,-"#*-1#."-)(.,#/.- $!%,G*$,*!+#+!&!&.+,%&,+ .)d." /(#(!) #(#.#.#0-#'.#'*,)0#(!.",)/*M-%()1&!)/. )-3-.'-),,/#(!."#'*.) "/'(.#0#.#-)(."'F ,)!(#-.".&#'.P,&.*"3-#&(.,(-#.#)(,#-%-"0  --.(!'(./,)*-#!( #0P3,*,.(,-"#*1#."." ."d*).(.#&.)-.#&#-."!&)&)()'3E&#(!.)/(2*. --)#.#)(E2%&# )F.) #((."#,1),%)((.,.# ',%."(!-D )-3-.'-(.")&,)2*#.#)(G( -,)/*E1-/**),..",)''(.#)(-) ."-%),)(  #(<:<;E,"(.(%#(!*,.(,1#."&#) $',#*&,%+ &% &#'.e,&.#((#&#-&)-/,-STDd .)d&/("#.- #,-. '*. /(#..).".,(-#.#)(.)&)1P,)( (/',) ,)/*(/-#(--P&0&*)&##-,#'.'(!#(! )()'3S#0,,)1-/-.#(& (0-.'(.TD (0#,)('(.&,#-%-E#(&/#(!&#'.P,&.,#-%-E(."(0#,)('(.& /,#(0-.'(.(.#.#- #((#'*&'(.'#.#)/--.1,-"#* #'*.) #.-*,)/.-(-,0#-D *)&##-,#0#(!.#0%$%+1#.")'*(#-#(1"#"."3#(0-.D #.),%#(!,)/*,*),.#(!#(.).",)/*-*)(-#& (d#.#)(E."(.#.#-,#(0)&0#()&&.#0#(#.#.#0-#'#(! (0-.'(.)''#.."- /,.",*,)!,--.")(-#,.#)() '.,#&#.3 .d*,)').#(!(0#,)('(.&-.*,.#-F ) &#'.,#-%-E1#." )/-)(#(0-.'(..#0#.#-E#(&/#(!d')(!-.).",-F  #(.# #.#)() ."(./,) &#'.P,&.,#-%-()**),./(#.#-E .*.!/'&.!*'&%&,$'$$,!.&%&, (d'#.#!.#)(.#)(*&(-#(."# ,(./-#(--&#(-.",)/!"-,#- !&!,!,!.+3'%%!,%&,+ ) 1),%-")*-G  0&/.#)() )*.#)(- ),2.,(&.*,)0#-#)(-/**),.#(!." #-&)-/,-.",)/*1)/&&#%.)#(#.#.,!,#(!&#'.#'*. ) d#(0-.'(.-(&#'.P,&.,#-%-G( INITIATIVE CLIMAT  #(#.#.#)() .,#(#(!) #(0-.'(..'-)/.&#'."(!( INTERNATIONAL #.-d)(-+/(-#'.'*)1,'(.(%()1&!/#&#(!D -,)/*E1#'.)#-&)-#(<:<<-.(P&)(,*),.#. Rothschild  o Asset ive Arros Managers SAS .)d)/,d-.,.!3 ),,/#(!#(.# #&#'.P,&.,#-%-('(!#(! Management urope is a signatory since 201„ )/,d)(.,#/.#)(.)&#'."(!D and ‡M ˆ‰ are signatories N  ˆ O ‚‚  ­N€ ‚O OL­­ON NG ‚ ­N­­­€ FO  ‰U‚ N‚­­ON Rothschild  o Asset Rothschild  o Asset Management urope Management urope became a signatory is Šounding member in 2021

              3.3 Products and services: Global Advisory "(,!3.,(-#.#)(,.-)**),./(#.#- ),)),#(.()'*.#.#0 .#)(3/-#(---1#."3('##'*.)(."&&).#)() *#.&( 0#.)"#.,)(#(/!/,&!,()(- 0#.)#,-.,)/*)(-/-.#(#&#.3P&#(% ."(.#,)*,.#(!)(.2. ),-)')'*(#-D "#&#.3.)#(.# 3."-)**),./(#.#-(."--)#.,#-%- ),'- )."-"#&9)*,)0#.0#.) +)'#)(#.- )."-"#&9)0#- )*+)&,''#)(.", #((#(!) #.-(% *,.d) .".#&), 30#-),3-,0#-D),2'*&E&((,!3*&3- #(/!/,&Y=::'#&&#)(&)(!-#2P3,

              3.4 Operational environmental footprint /,)*,.#)(&(0#,)('(.&'(!'(.-.,.!3 )/--)('#(#'#-#(! .*.!/%*#,G+'(*,!'&$'',(*!&,H,+&!-*+I5J (0#,)('(.&,#-%-,-/&.#(! ,)')*,.#)(&.#0#.3E(#-#'.F ( )  -/**),.#(!.".,(-#.#)(.)&)1P,)()()'33,/#(!( Total ƒ„ƒ emissions (tCO eq) Recyclin rate (%) )'*(-.#(! ),)*,.#)(& '#--#)(-G( 51%  *,-,0#(!(*,)..#(!#)#0,-#.33'%#(!)(-#)/-E-/-.#(& 29,711.2 ,-)/,")#-E'2#'#-#(!,3&#(!(*,)').#(!#,/&,)()'# 40% 39% *,.#-D 27,613.3 38% %!4 *'-(D+&.!*'&%&,$%&%&,(*!'*!,!+* !&+(*,', *'-(D++-+,!&!$!,1+,*,1I,!'&O5>5', !+ *('*,J *!.& 1 ,  &!& *,&*? .!+ 1 ,  *'-(D+ -+,!&!$!,1-&,!'&> !%($%&,,!'&', *'-(D+'(*,!'&$ 2018 2019 2020 2021 &.!*'&%&,$ %&%&, +,*,1 !+ '.*& 1 ,  *'-( &.!*'&%&,? $, &,1'%%!,,?'%%!,,'&+!+,!&' +&!'**(*+&,,!.+*'%-+!&++$!&+&+-(('*,-&,!'&+?, , (‚) %,+)-*,*$1&*('*,+!*,$1,', *'-(0-,!.'%%!,,> Total enery consum tion (­€h) 26,216.9 (<:<;E)/,)*,.#)(&(0#,)('(.& )).*,#(.)(.#(/.)-#!(# #(.&3 10,799.9 24,011.6 #( &/(3."#'*.) .")0#e;C*('#)(!&)&/-#(-- 8,771.5 .#0#.3E')-.().&31#.",!,-.))/,,*),. '#--#)(-D )& (d(.#)(&!)0,('(.**,)"-#'.'#(#'#-#(!.")0#P;C #'*."0&.)E ),2'*&E-#!(# #(.,/.#)(-#() #(,!3/- 21,701.1 #(d) #--/"-/'#E )(! )(!( )"((-/,!E&&,*),.#(! ,-#((,!3)(-/'*.#)() '),."(>?\E1",-#(3(3E 19,797.0 #&(d()/&)(,!3/-"-,'#(,&.#0&3-.&D-*,.&3 ,),'*&)3)''/.#(!'#--#)(-E1"#" ),<:<;,&/&. -d=B?d. +D < 2018 2019 2020 2021 2018 2019 2020 2021 Scope Scope Scope Renewable electricity (%) Thereof business travel-related emissions (tCO eq) % 8% 21,466.0 20,189.5 % % 4,609.7 S;T 2.,*)&..D 2,541.5 S

              -(('*,!&, ,*&+!,!'&,'$'/G*'&'&'%1 &#'.P,&.*"3-#& .-E-/"-.")-,-/&.#(! ,)'2.,' ),)/,,'#(#(! )).*,#(.E1#'.)!#(,')0#(!,)(#)2#S T < .*, (+,56%'&, +?/ .+&@O 1.",0(.-E"0."*).(.#&.))*,.#)(&&3#-,/*./-#(--.#0#.#- ,)'.".')-*",.",)/!"'#2) (./,P(."()&)!3P- (#'*.�&#"))-D(2,#-#'.#(.# 3#(!2*)-/,) #(#0#/& -)&/.#)(-E.)#(*)-#.#)(#(<:=:.) .#0&3,')0."+/#0&(. ) #-.)."*"3-#& .-) 2.,'1.",E." ,+/(3) d1"#"#- ')/(.) (3,-#/&)*,.#)(&'#--#)(- ,)'.".')-*",D #(,-#(!/.),*#&3"(!#(!&#'.E#-)(!)#(!-*,.) d.",)/*M- "#-d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ecrease in total EŽpansion o renewable  ')(#.),)*,.#)(&&!&(,!/&.),3,+/#,'(.- ),&&)/,) #-G ,')0&*,)$.-#()/."((.,&',#E(/,)*6 ‡ emissions electricity procurement ( (),,.)-/**),.."#-"(!E11#&&)(.#(/.)F  '#(#'#-U(/.,&#-)/,)*,.#)(&#'*.)("(!#(!&#'.  ')(#.),)*,.#)(& '#--#)(-3) #(#0#-#)(G (d*,).#0&3*/,-/)*,.#)(&*..#)()**),./(#.#-D  ',&.,(.#01),%#(!')&-E(-1#.".)'),-/-.#(& "#&-.12*.,)/(#( '#--#)(-/-3&#%&3/*.%#( .,(-*),.)*.#)(-1",**,)*,#.G .,0&,)/.#(-(/-) ) #-*)(."*('##'*.)(/-#(--  )(/.) #(,!3----'(.-.)#(.# 3(#'*&'(.(,!3 .#0#.#-,--E1,)(-#)/-) &#'#.#(!."#-,)/( .3 -0#(!)**),./(#.#-(*,)/,&)1(,!3+/#*'(..),/ -%#(!.)*#.&#-)(&)(!,.,'"(!-.)1),%#(!*..,(-(.,0& )(-/'*.#)(3"#-)''#.'(./#&-)()/, *,0#)/-)''#.'(.-.),/)*,.#)(& '#--#)(-(*,-(.- (d'#.#)/-/*..)." #,-..,!.--.#(<:;CD "*&!,+/#,-/-.)'%"(!-.)."131)*,.(,#(!." &#'."(!#'*.)   '#--#)(-) )/,)*,.#)(-.) .#0&34,) 1#."#(."(2.D"#-,+/#,-,/.#)(#(',%.P-'#--#)(- ,)'<:;B-&#() F  '),."(B:\) -)&/.-)*;]<'#--#)(-G(  <>\*,) )*,.#)(&-)*='#--#)(-D

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n 2021 the London office team engaged with its ,-#(,3&&'.,#&E&( #&&1-.(#(#(,.1-. recycling company regarding the implementation *,)/#(-)') ."&,!,) #--'*&)3-)(.#(/.)1),% of a fully electric vehicle to collect its recycling and ,').&3D other materials for disposal. The switch to electric, which started in anuary 2022, will eliminate the use of diesel vehicles, helping improve air uality and *'*++!&+,,*,+!&6465I!&+,645<+$!&J reduce noise pollution on its routes in and around London. The vehicle is charged y renewale &&*,#(.#(!**, ,)' CC\) *,#(.#(!**, ,)'-/-.#(& electricity, which helps ensure emissions from the -/-.#(&-)/,- -)/,-#(<:<; vehicles use phase are minimised. ,-) .).&**,/-*,3@>\ ,)'."-&#(3,S;TE2#(!."P

              3.5 Philanthropic partnerships: R&Co4Generations 9)>(,.#)(-M**,)".)-/**),.#(!(0#,)('(.&#(#.#.#0- #-d.)d )/-)("#!"#'*.(-/-.#(&-)&/.#)(-.)*,)&'-,. œorld Land Trust Œoe 3d&#'."(!D" /(*&-*,.#/&,'*"-#-)(#(()0.#)( "#0.",)/!"/.#)(D œorld Land Trust is an international conservation Œoe eŽists to safeguard iodiversity for the enefit of charity which is protecting the world’s most iologically all living species, implementing programmes for the and significant haitats, acre y acre. It does this conservation of endangered species, the management through land acuisition, tree planting and reserve of protected natural areas, and the support of management. economic activities which support the protection of upport from †‡ˆo‰enerations will contriute iodiversity. to the purchase of 2“,000 acres of land in …ražil, †‡ˆo‰enerations is supporting the Lepinoc leading to the permanent protection of threatened pro„ect‘ a pilot of the automated monitoring of haitats from deforestation. The funding will also moths. Šoths represent ’“‹ of utterfly species in support the training of local people to ecome rance. They are essential lin”s in the food chain employed as rangers or ‘›eepers of the œild’. Their and also play a ma„or role in plant pollination. wor” includes patrolling protected areas, monitoring wildlife, assisting •owever, these species are not well understood, and it is not ”nown researchers, and guiding visitors. They will also spread the message how to uantify the harmful effects of anthropogenic pressures such as of environmentalism amongst their communities, running wor”shops soil artificialisation or light pollution on them. The Lepinoc pro„ect will for schools and encouraging children early on to focus their thin”ing e crucial in helping us to etter understand these issues, and to adapt towards environmental conservation. our practices and limit our impacts. –oung —eople’s Trust The arden chool oundation for the Environment arden chool oundation ­ provides in€depth –oung —eople’s Trust for the Environment –—TE­ eŽists garden€ased education to young people attending to encourage young people’s understanding of the at Title I schools‚ in Los ƒngeles, strengthening environment and of the need for sustainaility. It aims connections etween food „ustice, environmental to inspire young people to live more sustainaly and stewardship, and community health. …y using the ta”e leading roles in tac”ling environmental issues full transformative potential of school gardens as to ensure that future generations live in greater teaching sites,  aims to nurture a healthy and harmony with the natural world. mindful generation of children who care for their odies, their communities, and the earth. †‡ˆo‰enerations is supporting The —rimary †‡ˆo‰enerations will support the cost of a ƒwards for reen Education in chools™ a garden educator who will provide garden€ased competition opened to all primary schools in TEŠ lessons to students. the š› which aims to assist and encourage environmental education for young people aged “€11. The awards are designed to promote ‚Title 1 schools are those with more than ‰0‹ of their students coming from cross€curricular wor” on the environment and to inspire young people low€income families. in ta”ing action.

              4. People and social impact 25.4% '&()0 40%  '&),',- 39% 0,!.(/,_?3,- 16% '*&)3./,()0, c. 1,300 *,.##*(.-#(9 .,#(#(!*,)!,''-

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              (<:<;E."&)&&(9 (&/-#)()''#..#(#.#.."&/(" '*&)3%+.&)"*?-/"-." ',), (.1),%E,*,-(. (#.#)(E."(!#(!,.(,"--..")$.#0.)"01)'( ) d-0,&(1#(#.#.#0-#'.(/,./,#(!( %#,* -,#+,)@ # ,(.!,)/*-) '*&)3-#(."/-#(--(,-*)(-),3." ,*,-(.=:\) ."'',-) .",)/*2/.#0)''#..3<:D"#-)''#.'(.#-,)%( -&.#)(*,)--G.),)&&)/.#(<:<\) --#-.(.#,.),-()0!&)&&31, )(-#,.#)() #0,--.) (#.-D (<:<;E=@\) #,."#,- 1)'(S/* ,)'<>D;\#(<:<:TDd 1,1)'(D -$!(*,&*+ !(+&'%%!,%&,+ WOMEN IN THE MENTORING FOUNDATION, FRANCE INVEST CHARTER FOR ADVANCE – GENDER EQUALITY FINANCE CHARTER FTSE ®CROSS-COMPANY THE DIVERSITY PROJECT GENDER EQUALITY IN BUSINESS MENTORING PROGRAMME ­M­ Rothschild  Sons €imited is ­M­ Rothschild  Sons €imited ­ M­ Rothschild  Sons €imited Rothschild Martin Maurel SS Rothschild  o …an† Aƒ is a a signatory since 201 – e‚panded is a longstanding supporter became a member in 2021 and ive Arros Managers SAS signatory since 2020 commitment to the ƒroup are signatories since 2020

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              4.3 Products and services: investment approach ")(-#,.#)() -)#&#'*.#-*,.) .")'')(-*)(-#& "#(0-.'(..'-*3-*# #..(.#)(.)*& #&%+)&-)* *( .*.!/'!&.+,%&,(*'-,+/!, +'!$, %+ (0-.'(. ,'1),%!,3."#(0-.'(.(.#.#-( /,.",#(.!,. ,.#(*& #  *> #("(.#.3M--*)(-#& (0-.'(.-.,.!3-.#&#(.#)(d"(! (&/-#)(( (#* )(-#,.#)(-F #'*&'(..#)() -.,)(!-)#&(!)0,((*,.#-')(!#(0-. +/#.3 /( #(--*# ##'*. R #0,-#.3  -&%&,$*!&!($+ &.+,%&,'$!1F)."-"#&d9d)1#&&(). )'*(#-.",)/!"."#,*,#0#&!--.)'(!'(..'-D '.,#-1"#",.%(#(.))(-#,.#)( #(0-.#()'*(#-1"#",,&..)F )-.) )/,(.#.#-"0#(&/-)#&  -#(."#,-.(, /(-,*),.E **+ #(."#(0-.'(.*,)--D" /( R )'( R -,#)/-"/'(,#!".-0#)&.#)(-G -/**),.#(!."# /-#)() *,.#-')(!#(0-.'(..'-(&#(.- %$%+ #(&/-N)(.#)(-",OEd*,. R  .3 (-.#'/&.#(!."!(,.#)() -)#&(!!'(.."'-D ,)&' ) d."d'(!'(. #-#-.,#/. R )''/(#.#- R -,#)/-0#)&.#)(-) .",#!".-) #(#0#/&-#(-#./.#)(-) 1, .)d."--)#.#)(<*"%"= R #-& ),d)( &#.G )-.(.#.#-#(.# 3.)*#- ),#-/--#)(1#."#(0-.)'*(#-D/,#(! (d#.-d*,)$.<+ )%(=1"#".,#(- *)*& R !,)--),,/*.#)(G( ,!/&,%$%+'.#(!-),#(#-/--#)(-*,(*)-.E-)' ('*&)3-1),%,--/ ,#(! ,)' R ).",*,.#/&,&3-,#)/-0#)&.#)(-)  /('(.&."#&(),'- /-#(--&#(-M#(0-.'(..'-,&.)*/-"-*# #-/$.-E#(.# # d'(.&),)!(#.#0#-#&#.3 #(.# #3,#&."#,P*,.3-)/,-D -*,.#/&,&3#'*),.(. ),."#(0-.)'*(3D (, (--.,.!3-#(<:;BE  '&,*'.*+!$('&+ &.+,%&,'$!1F)."-"#&d9d)1#&& (#.#)(E.",)/*M-(.#.#-(!!#()&&.#0#(#.#.#0-,--#(!-)#& **+ 1#."d."'#--#)(.)#(0-.#()'*(#- R (, ().d#(0-.#()'*(#-#(0)&0#(."*,)/.#)() 1*)(- ),!)0,(("&&(!-ED!DF %$%+ .".-/**),.!(,#0,-#.3#(." +/&#.3 *,)"##.3."-&))(0(.#)()(&/-.,/(#.#)(-S<::BT  )."-"#&9)(%(N0((,+/&#.3#(/-#(--OG  ),,))'-E,)--d-(#),'(!'(.E (d."..1,.3)((.#P,-)((&#(-S;CCCTG(  )."-"#&,.#(/,&#-'',) ."N" %"% (.",)/!"."#,),*),.*)&##-   *%$'$ &.+,%&,*!&!($+F1"((!!#(!1#." !% "&+%"OG( )'*(#-)0."/."),#-.",-")&-E#(0-.'(..'-  --.(!'(./,)*#- )/(#(!'',) ."N (0-.),- ), ,+/-.+/(.#..#0/(,&3#(!.')(-.,.#(!.",##&#.3 $/-..,(-#.#)(O)&#.#)(&/("3#(( ),)'),,)1D ) d."d2#.d-.,.!3E#(&/#(!.")(-#,.#)() -)#&-*.-D

              4.4 Products and services: Global Advisory #(,-#(!&3-/**),.)/,&#(.-#(."#,'#.#)(.)#(.!,. -/-.#(#&#.3*,#(#*&-#(.)."#,-.,.!3D",)/!")/, #((#(!0#-),3 £et advice to tonewater •ousing on *,.#E1-/**),.*,*+ %# %% % ),,(!) /-- ,)'-- ole advisor to the †epulic of …enin on its .)")/-#(!E/.#)(.)-)0,#!(-..-D #&#..9)**),./(#.#- €“00 million inaugural £ ond offering its deut £2“0m sustainale ond .)d&,.#(&/-#0!,)1."D (#.#)(E)/,*)&##-(*,)/,- ),&#(.('(.)(P),#(! †othschild ‡ ˆo acted as sole financial advisor to the Ru‡‚ ­ B€€ †othschild ‡ ˆo acted as det adviser to leading .%#(.))(-#,.#)(.",#-%---)#.1#."."-)#&*,) #&(#'*. in connection with the country’s €“00 million inaugural ustainale housing association Sƒ€Œˆƒ LŽƒ on its deut ) .".,(-.#)(-10#-)(D),'),.#&E*&-, ,.).#)(

              4.5 Philanthropic partnerships: R&Co4Generations ",)/!"9)>(,.#)(-E1-/**),.,(!) ),!(#-.#)(-1),%#(!.) "&*,--(&&0#.#(+/&#.#-E1#." )/-)(("(/.#)(& …iliothèues ans rontières —owercoders )**),./(#.#- ),3)/(!*)*&D" /(-/**),.-*,)$.-1"#"*,)0# 3)/(!*)*&1#.")**),./(#.#-.)0&)*1#,(!) -%#&&-(.&(.E …iliothèues ans rontières …­ wor”s internationally to facilitate …elieving in eual opportunities for diverse talents in the (."(.,*,(/,#&'#(-.-(,-#&#(.".."31#&&(#(),, access to education, culture and information for people living in IT industry, —owercoders saw the issue of high numers -. .) .""&&(!-) ."<; d(./,3)( #(.&3( .#0&3D (<:<;E precarious situations, empowering them and enaling them to ma”e of out€of€wor” refugees and migrants comined with 9)>(,.#)(--/**),.)0,?:d),!(#-.#)(-1),%#(!.)"#0 choices for a etter future. high numers of vacancies in the IT sector and came !,.,+/&#.3 ),#-0(.!!,)/*-D †‡ˆo‰enerations supported three … pro„ects in 2021™ up with a solution. £eveloping the «ffline Internet —latform™ a free and open€source †‡ˆo‰enerations is funding a programme called technological environment which recreates a local internet networ” uturecoders which ta”es the form of a wee”€long enaling users to connect via phone, talet or computer, and navigate camp during school holidays, or regular training …’s offline content ‡ apps lirary. It is now the “digital lirary platform” over a ten€wee” period, giving young people the running in all of …’s pro„ects, reporting more than 1“0,000 connections chance to get to ”now the digital world and to per year, primarily in the reat La”es †egion of ƒfrica, in …angladesh, learn programming. The target eneficiaries ordan and the ƒustralian remote territories. are 1©€ to 1¦€year€olds from disadvantaged afe spaces for women and girls in …angladesh™ †‡ˆo‰enerations’ ac”grounds, many of them migrants and asylum see”ers. The goal is to support will enale more than ‰00 †ohingya refugee women and girls inspire as many young people as possile to consider a career in digital to access programmes that directly address their needs, giving them technology, whilst also uilding the 21st century s”ills that all young spaces to learn and feel empowered. people will need in order to flourish in their futures. Šotorcycle liraries in ˆameroon™ This pro„ect will provide more than ‰,000 young people with access to oo”s, comics, films and games, with a focus on local ˆameroonian artists, in order to help them access information, education and learn aout their cultural heritage. EŠpower Entreprendre —our ƒpprendre Empower supports young people in emerging mar”ets Entreprendre —our ƒpprendre, a memer of unior who were living at the margins long efore the ˆovid€1’ ƒchievement œorldwide, eŽists to foster entrepreneurial pandemic. The arriers that these young people, spirit in young people across rance. Through particularly girls, face to securing education and mini€enterprise programmes Entreprendre pour decent employment have now multiplied many times ƒpprendre helps young people to develop a spirit over. There is an urgent need to help marginalised of enuiry and initiative, in order to e ale to girls and young women to overcome arriers and ecome active participants in their professional, develop their s”ills and talents. social and environmental futures. œith support †‡ˆo‰enerations will support a curated from †‡ˆo‰enerations Entrepreprendre —our portfolio of grassroots organisations in India to ƒpprendre will e ale to finance ten mini€ provide meaningful support to girls and women, enterprise programmes, supporting more than enhancing their s”ills, providing training and creating space for them to 100 young people. †‡ˆo‰enerations has generate ideas and pursue solutions to the arriers that hold them ac”. additionally provide volunteer and pro€ono advisory support.

              5. Business practices 96% .*,)..#)(.,#(#(!)'*&.#)( 97% #( ),'.#)(-/,#.3.,#(#(!)'*&.#)( All business lines ---- ),,#-% 100% ) &#(.--/$..) #((#&,#',#-%

              5.1 Strategic priorities -,)/*E1*&!,.'*"-#-)(,-*)(-#&/-#(--)(/.E-)(*,-)(&)/(.#&#.3()''#.'(.#(."13'*&)3-1),%1#."").",E)/,&#(.-(*,.(,-D/,**,)".),-*)(-#&/-#(--*,.#- )/--)('(!#(!#(.# #()(P #((#&,#-%-.".,')-.'.,#&.))/,)*,.#)(-( ),)/,-.%")&,-D .*.!/ ) &) + * &$'# %,#+,)3*0*+$* +30)*,) +0 !+ - ..#(!-.(,- ),&&#(#0#/&-1),%#(! ),."d,)/*.)'#.#!.,#-%-(d,*/..#)(&'! (!#(!.*,#03()( #(.#&#.3,#-%-(d*,-,0#(!."#(.!,#.3) &#(.-M(*,.(,-M .d.)d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d.,)..#)(,#(#(! 6465 # +*  /(") (1'*&)3)'*&#(-3-.'  '*,)0/,#.3"/&)(.,.&/-- ),d-/**&#,)(.,.-  #((#&,#',0(.#)(.,#(#(!,)&&)/.S(.#P)(3 /(,#(!G)/(.,,,),#-.#((#(!G  "(#&/,#.3)(.,)& '*,)0'(.- (.#)(-E20-#)(T  ),'.#)() &)/.,#(!)''#..  /&#-"/*.)( &#.-)  (.,-.*)&#3(.,#(#(!  ( ),'.#)(/,#.3)0,((,0#1 ,+#&&"  /&#-"/*.,%./-*)&#3(.,#(#(!  ),.,!. ( ),'.#)(/,#.3.,#(#(!- ),d*,.#/&,*,.'(.-  /&#-"/*."#-.&&)1#(!*)&#3(.,#(#(!  "(#&/,#.3)(.,)&#'*,)0'(.-  .,#(#(! ), !&()'*&#(.'-

              5.2 Compliance culture and systems /,)'*&#(-3-.'-E*)&##-(*,)/,-,#'.-..#(! .)("(-0,&)'*&#(*,)---,&..)'*&)3"0#)/, ",(- ,,##(!)&#3**&#.)#(.,)'*(3.,(-.#)(-1#."#(." -.(,- ),&&'*&)3-(#(#0#/&-1),%#(! ),.",)/*E-/**),. SD!DE*,-)(&)/(.&#(!E)/.-#/-#(--.#0#.#-E(!# .-9 ,)/*"-(.,'#(#(),(1#.".",'M-&(!."*,#(#*&E 3.,!.('(.),3.,#(#(!-.)'#.#!.,#-%---)#.1#."')(3 (.,.#('(.TD -d-.)/.3."/#&#(-E(,&#-/*)(**,)*,#.(/*. &/(,#(!E,#,3(),,/*.#)(E-(.#)(-E)/(.,P.,,),#-. #((#(! /(.#)(&()()'#(&3-- ),".3*) .,(-.#)(D,(- , (d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d **&#&.2&!#-&.#)(E(-/,#(!   *'-(  ' $ 3 '%($!& !+  %%* ' ,  *'-( ."..")(.,)& ,'1),%!)0,(#(!.2 0-,!.'%%!,,&, *'-((*,!&'%%!,,> ,#-%#-/*.**,)*,#.&3D '&$!,+'!&,*+, ".'--#-.-(1),%-1#."."#((*,.'(..)(-/, /&&( .#'&3)'*&#(1#.".".2,*),.#(!().",)&#!.#)(--,+/#,3 '$!!+?(*'-*+&-!$!&+ (*((#-),(,-.)() )/,*,)*)-#.#)(,)--&&/-#(---D &!#-&.#)(D .d'#(.#(-&)-1),%#(!,&.#)(-"#*-1#."# ,(.*,.-) ." )&##-(*,)/,-,-#!(.)(-/,.".)/,/-#(---, /-#(--.)(-/,."..".2#'*&#.#)(-) .,(-.#)(-((3/-#(-- "*'-('''&-,-.-)/..",)/*M--.(,-(2*. *&) #(.# 3#(!('(!#(!)( &#.-E),*).(.#&)( &#.-E.( "(!-, /&&3/(,-.))D "0#)/,-(#-*/&#-")(.")."-"#&9)1-#..)(-/, ,&3-.!D")0,,##(!*,#(#*&) )/,)( &#.-)  (.,-.)&#3#-.". ",)/*2.')(-/&.-1#."2.,(&0#-,-)(-*# #'..,-E ."d2*..#)(-,0#-#&.)&&*,.(,-(2.,(&-.%")&,-D 11#&&*,)0#)$.#00#E/( .3)( &#.-(#(."-. 1",,+/#,E((!!-1#."#(/-.,3)#-.)---- /./,&!#-&.#0 #(.,-.-) )/,&#(.-D 0&)*'(.-D 2*..#)(-,&,&3)''/(#.#(."d*'-(D+('$!!+> "*)&#3(,&.*,)/,-,,!/&,&3,0#1(/*.-  O!&&!$*!%'$!1,,%&,*,)0#-()0,0#1) .",)/*M- **,)*,#..), &.&1(*,.#E(/-#(--0&)*'(.-,)/( %!4$,!%,*+('&+!!$!,1'*'.*+! ,', *'-(D+,0 ,&.*)&#3)''#.'(.-D /-E')-.,(.&3#(<:<;D ('$!1*+,+/!, , *'-(0-,!.'%%!,,> &!,+*'$?,  "'*&)3#-,+/#,.),E/(,-.(()'*&31#." (*,!!(,+!&, '.*$$%&%&,&, !&!,!'&', ('$!1 )."-"#&d9d)M-,)/**)&##-E*,)/,-(!/#&#(-.".**&3 ', *'-(?!&$-!&,0('$!1> *'-( !!&&!$!*!+ .)d."#,$)(/(,.%&&'(.),3)'*&#(().",*,) --#)(& *'-(,0('$!1 , 0-,!.%%*-$,!%,$1*+('&+!$'*'.*+! ,',  .,#(#(!-(1"(,+/#,D"#-#(&/-,&0(.,!/&.),3+/&# #.#)(-D ,0!*+', &,!,!+/!, !&, *'-(> &%&,&'.*+! , #&/,.)*,.##*.#(."'(.),3.,#(#(!-),.)",.).",)/* ",)/*M-.2*)&#3**&#-.)&&(.#.#-/&.#'.&3)(.,)&&3 '*'-(D+,0!*+*+,/!, , *'-( '0/ '*('*,+,',  )) )(/.),*)&##-(*,)/,-(,-/&.#(, ,,&-.) /'( )."-"#&d9d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d9d),)/*D,,(!'(.-1#&&(). (dd@T"0(#'*&'(.1#."#()."-"#&d9d),)/*(**&3 )*,.)'*&#(')(#.),#(!(*,'((.)(.,)&*,)!,''-.) (.,#(.)E #&#..),*,)').1#.")/./-#(--*/,*)-), .)&&.",)/*M-(.#.#-D",)/*)'*&#(92,(-*,(3.' *,)0#--/,(.)-(#),'(!'(..".)/,*,)---(-3-.'-, )'',#&,.#)(&E),# )/.-#) .",)/*M-,#-%**.#.E),#()( &#. *,).#0&3#(.# #-(')(#.),-%3.2.,(-*,(3,#-%-,)--."d,)/*D )*,.#(! .#0&3D"0&-)&/("(1-3-.'#(<:<;-#!( 1#."."#(.(.#)() *,&#'(.,3&!#-&.#)(D

              5.3 Financial crime &,!G '&1G -&*!& #((#(!( ,/D!/&,,*),.-) %3 #((#&,#''.,#-,-", "01&&P,-)/,(#.,)/*#((#&,#')'*&#( 1#."**,)*,#.!)0,(#(!)#-SD!DE.",)/**,.#(!)''#..TD .'&).#( )()(E1"#")0,--/.#)(E.,#(#(!E')(#.),#(! &OE &'/O'-*O$!&,F ",)/*)&#3)( (.,P,)/* ( ),'.#)(",#(!(&-#( ),'.#)( (d--/,(.#0#.#-) &)&/(#.-1#."."-' /(.#)(-D!&)& ,&.#(!.)(.#P)(3 /(,#(!U)/(.,P,,),#-.#((#(!ST'..,- ,#-%----'(.#-,,#)/.3.",)/*#((#&,#')'*&#(.' --/'',#-#()."-"#&9)M-*/&#d!&&!$*!%'$!1,,%&,E .)-",'),-#&3( .#0&3.1(.",!#)(-D "3,E1"#"!.",-,!#)(&(/-#(--&#(P-*# #,#-% 1"0.#&()'*,"(-#0*)&##-(*,)/,-!)0,(#(!." ,)/*#((#&,#')'*&#("-#(*&(-.&#-"0,-#!". ----'(.-()&&.-.",-/&.-#(.))(!,)/*P1#,#-%----'(.D 13#(1"#"1.%)(&#(.-(/-#(--D"-*)&##-(*,)/,- (d--/,(S9T,)!,''.),0#1."-#!((*, ),'( "#-2,#-(-/,-.".,#-%-,/(,-.))(,0#1(.". )0,'..,- ,)'#(#.#&/#&#!((,-,"#(.)."#(.#.3E ) d%3 #((#&,#')'*&#()(.,)&-)*,.3 #,-.&#( /(.#)(-D ."3,-/#.&3'#.#!..",)/!",)/-.( .#0)(.,)&-!&)&&3D */,*)-) ,&.#)(-"#*E2*..#0#.3E-)/,) 1&."), /(-E( "#-#(&/-.-.#(!)  )(.,)&-(&#(./#&#!(*,)---D "d #(#(!-) ."!&)&,#-%----'(."&*#( ),')."-"#&9)M- ,*/..#)() #(#0#/&&#(.-E.).")1(,-"#*(!)0,((-.,/./, ",)/!"-,#-) .-.#(!(."'.#--/,(,0#1-."9 *,)!,''D ) d),*),.)#-().",&!&-.,/./,-D ,)!,''#'-.)*,)0#-/#.&--/,(32'#(#(! #((#&,#' &#(./#&#!( ),'-),*,.) .",)/*M-**,)".) #!".#(! )(.,)&-,)--.",)/* ),)(.,)&()*,.#)(& .#0(--D )& #((#&,#'S#(&/#(!')(3&/(,#(!E),,/*.#)(E.20-#)( *,)/,-,&-)----!#(-.,)/**)&#3,+/#,'(.-.)(-/, (d.,,),#-. #((#(!TD"*)&##-#(*&,)(-#-.(.1#."."%$"$+ ."3,**&#)(-#-.(.&3(),,.&3,)--.",)/*D"*,)!,'' $", "%$$+#%$ST,+/#,'(.-E1"#"'/-. #-**&#&.)&&)'*&#( /(.#)(-#(&&,!#)(-(-%-.)*,)0# '.3&&,)/*(.#.#-E2*.1",)'*&#(1)/&,"&)& -)(&#( /(.#)(-SD!DE,!#)(&)'*&#(.'-T1#."."(--,3 &!#-&.#0),,!/&.),3)&#!.#)(-D ,'1),% ),#(*((.&32'#(#(!." .#0(--)  #,-.( "0-*# #(1&#(.*.(*,)---E#(&/#(!)''#..- -)(d&#( #((#&,#')(.,)&-D 1"#"&))%.&&'..,-,&0(..)."*.() (1&#(.-)(-#, #((#&,#',0(.#)(.,#(#(!S EE(.#)(-E20-#)(T "#!",,#-%D ( ),'.#)(,&.#(!.)&&2#-.#(!&#(.-#-*,#)#&&3 "-d(,)&&)/..)'*&)3-!&)&&3#(.1).,("-',<:<; ,e2'#(E1#.")&#.#&&32*)-,-)(-("#!"P,#-%&#(.--/$. (,&3<:<

              0.+!'&(*.&,!'&  !+,$$'/!& *&."/.')-.#'*),.()()/,&!&(,!/&.),3)&#!.#)(- ,)''#...))(/.#(!)/,/-#(-- #,&3E")(-.&3(1#." .)d*,0(..20-#)(D-.) *,#(#*&-(-.(,-*,)0#!/#( #(.!,#.3D",)/*2*.-&&'*&)3-.)'#(.#(.""#!"-.-.(,- )(d*,.#-("0#)/,E-.)/.#(#.,)/**)&##-( ) *,) --#)(&#-'(*,-)(&)(/.E, &.#0) ."d*'-('' --)#.,.#).-SD!DE,)/*&#(./#&#!()&#3E,)/*2 '&-,E*)&##-E().",**&#&,/&-D )'*&#(,.#).D&&/-#(---1#."#(.",)/*'/-.(-/,.". ()/,!#(#0#/&-.),#-,*),.&)(,(---))(-*)--#& ."3"0*)&##-(U),*,)/,-#(*&)(-#-.(.1#."."- (.",)/*)&#3)(*),.#(!)(,(-), ,,!/&,#.#-2*&#(-")1 *,#(#*&-D #(#0#/&-()( #(.#&&3-&.'..,--).".."3'3---- 20-#)((,&.) (-,)(-#,,#'S+$#(,(T (,-)&0#(-/#.&'((,S1"#-.&&)1#(!TD"#-*)&#3"-( (d.3*#&&3,*,-(.*,#.) (.)')(3&/(,#(!D"#-'(- /*.#(<:<;(**,)03-(#),'(!'(.E1#."--)#. .".(3 /(-)((..).20-#)(-")/&E#(."-() 0#( .,#(#(!()''/(#.#)(-*&(( ),'*&)3-D,#)/-1"#-.&&)1#(! .)d.")(.,,3E)(-#,."*,)-) ,#'D/.)."#-E."-' "((&-,0#&&E(#(#0#/&-'3"))-.),'#()'*&.&3 )&#!.#)(-1#.",!,-.),*),.#(!-/-*##)/-.#0#.3) ')(3&/(,#(! ()(3')/-3,*),.#(!.)(#(*((.1"#-.&&)1#(!").&#(S &&TD (U),.,,),#-. #((#(!1)/&**&3(1",.20-#)(#--/-*. (#0#/&-'%#(!(3,*),.#(!)) #.", /&&3*,)..!#(-.(3 ),d%()1()/.E,*),.'/-.'E1#.")/.&3E.)&)&)'*&#(E *,$/##&.,.'(.),,.&#.#)(D)."-"#&9)1#&&()..%(3.#)( )(3 /(,#(!*),.#(! #,S),+/#0&(.T),,)/*#((#&,#'D !#(-.."#(#0#/& ),,#-#(!#.E#,,-*.#0) 1".",#.#-&., --/'',#-#(."*/&##((#&,#')&#3..'(.E&& -/-.(.#.D )."-"#&d9d)(.#.#-('*&)3-'/-.)'*&31#."-.(,-E #(&/#(!F  )(/.#(!&#(./#&#!(E1",**&#&E.)'#.#!..",#-%.". .",)/*#-"(&#(!),&#(!1#."."*,)-) ,#'G  #(.# #.#)((,*),.#(!) #(#(.-1",-/-*##)(#- ),'.". .",)/*#-"(&#(!),&#(!#(."*,)-) ,#'G  *,)"##.#(!2*&)#..#)() (--)#.#)(1#.")."-"#&d9d).)0E), #&#..."0-#)(E) .2-&!#.#'.&3/.)(3)'*.(. /."),#.3G(  ."#(-.#./.#)() #.#)(&'#.#!.#(!)(.,)&--#!(.)"&**,0(. ." #&#..#)() .20-#)(SD!DE,#-%----'(.-(,&0(..,#(#(!TD '$!,!$$'1!&,!.!,1&'&,!'&+ --/'',#-#(."*/&#!&&!$*!%'$!1,,%&,E )."-"#&d9d))-().(!!#(&)3#(!.#0#.3D .d)-().-% .)d.#0&3#( &/(*/&#) ##&-E&1-E),,!/&.#)(-D )."-"#&d9d))-().'%),*,'#.(3) #.-'*&)3-.)'%)( #.-d"& E(3*)&#.#&)(.#)(-E(),)-#."0(3*)&#.#& #&#.#)(-D "d,)/*E.", ),E)-().&,(32*(#./,#(." ,(-*,(3!#-.,S),+/#0&(.,!#-.,-TD

              5.4 Data and cybersecurity )( #(.#&#.3#-) *,')/(.#'*),.(.))/,,)/*D.% ")."-"#&9) ( ),'.#)(/,#.3,)!,''#-!/#3."d*'-( " ( ),'.#)(/,#.3.'�,-)(&#( ( ),'.#)(/,#.3(. **,)*,#.."(#&(),!(#-.#)(&'-/,-.)- !/,)( #(.#& &'*%,!'&-*!,1'$!1()/.&#(-),*,#(#*&-E.#0#.#-E ,)..#)(.,#(#(!.)&&(1$)#(,-(((/&&3.)&&'*&)3-D #( ),'.#)((&&'*&)3-,2*..)2,#-.""#!"-.&0& !)0,(((,-)/,-.".)&&.#0&3*,)0##( ),'.#)()(-/,#.3 "d)'*&.#)(,.) ." ( ),'.#)(/,#.3.,#(#(!)(/.1#."#( ) d/,(..(.#)(1"(&#(!1#.")( #(.#&#( ),'.#)()/. -,0#-.).",)/*()/,&#(.-D"*,)!,''(&--(#), %#&&-.#(<:<;1-CA\D (#.#)(E ( ),'.#)(/,#.3,/(/.#)( .",)/*),)/,&#(.-D"-2*..#)(-,&,&3)''/(#. '(!'(..)'%,#-%'(!'(.#-#)(-3*,)0##(!#( ),'.#)( '*#!(--1&&-,!/&,*"#-"#(!.-.-.)&&'*&)3-D (#0#/&-1") #(d."d,)/*)) )(/.D )/.."),!(#-.#)(M-#( ),'.#)(-/,#.3*#&#.#-D .#-#'. #&.1)),'),*"#-"#(!.-.-1#."#(."3,S3#.",&#%#(!)(."&#(% "/-#(---)''/(#.)*(&31#."."#,&#(.-#(,&.#)(.)")1."3 -/**),.#(!." )&&)1#(!)$.#0-) .",)/*M-#( ),'.#)(-/,#.3 ),d.."'(.T,#0#.#)(&.,!..,#(#(!D#.#)(&,-)/,-, /-)( #(.#&#( ),'.#)(E#(&/#(!d(*+'&$,D",)/*. -.,.!3--/**),.3.",)/*2/.#0Fd &-)*,)0#.)&&'*&)3-)()/,#(.,(.D ,)..#)()&#3 #(-."),*,#(#*&- ),*,)..#(!*,-)(&.  (-/,.")( #(.#&#.3E#(.!,#.3(0#&#&#.3) &#(.(*,-)(& ")."-"#&d9d) /,#.3( ( ),'.#)(/,#.3#-%*,.'(.- *,)--3),)("& ) .",)/*("&*- #&#..)'*&#(1#." .(*,)*,#.,3#( ),'.#)(#,,-*.#0)  ),'G )(.#(/)/-&3)(.,)&(!)0,(."�,3) 3e.)P3."(#&-/,#.3 ,&0(.&!&(,!/&.),3.*,)..#)()&#!.#)(-."..",)/*'/-.  *,)..!#(-.(.##*..",.-.).")( #(.#&#.3E#(.!,#.3( '-/,-D"-,-&..)'..",+/#,'(.-) ." ( ),'.#)( ",.)!&)&&3D 0#&#&#.3) ." #( ,-.,/./,(#( ),'.#)(-3-.'-G( /,#.3,)!,''D"%3)(.,)&-)*,.3.",)/*  /(.#)( (<:<;EC@\) '*&)3-"0-/-- /&&3)'*&..,)..#)(  (-/,)(!)#(!)'*&#(1#.",!/&.),3,+/#,'(.-D #(&/E/.,().&#'#..)F .,#(#(!D /,#(!<:<;E1"0#(0-.#((&#(!(1."()&)!3 ),."'#!,.#)(  .",.*,)..#)(-/"-(.1),%(**&#.#)( #,1&&-E(.#P0#,/- ) ,.#(-,0#-.)."&)/D"#-#(&/-(*)#(...#)(( (d*."#(!G ",)'*&#(')(#.),#(!E,*),.#(!),#(.,(&/#.-,0&(3 -*)(-E(.,&#-&)!-)/,-(/,#.3 (#(.0(.)(#.),#(!D  .",...#)(#(&/#(!0/&(,#&#.3'(!'(.E*(.,.#)(.-.#(! )(,(-E,'#&.#)(#--1# .&3.%(D3-.'-()(.,)&-,,!/&,&3 .",3,."()&)!3#(#.#.#0-#(&/*,#0#&!--'(!'(. (-/,#.30(.')(#.),#(!G .-.(,0#1.)(-/,."3,#(&#(1#."."()&)!#& (d)*,.#(!-3-.'",(#(!D  #(.#.3--'(!'(.(-*# #&&3*,#0#&!--)(.,)& 0&)*'(.-(,!/&.),3),',%.*,.#D (d'#&0,# #.#)(ED!DG "-/,#.3) ."#( ),'.#)(1*)----(")&#(,&.#)(.))/,&#(.-E )0,((E#-%9)'*&#(*&. ),'&&)1-.) ),'&&3)/'(.  #--.,,)0,3.-.)),#(.#)( ),.(., #&#.#-E'$),) #-E '*&)3-E/-#(---()/,/-#(--*,.(,-#-0#.&.))/,)(.#(/ 3,,#-%-E')(-.,.)'*&#(1#."-/,#.3)(.,)&)$.#0- &)&) #-(,)0,3-#.-G -/--D",)/*M-!&)& ( ),'.#)(/,#.3,)!,''#-#'. (d*, ),'.,((&3--) -/,#.3#(#(.-D '(!#(!."--)#.,#-%-D --)(-&,(,0#1-,)'*&..)/(,-.(# *,)/,-  -/,#.3#(#(.,-*)(- (d)(.,)&-1, .#01"(&#(!1#."(#(#(.D  !&)&.(., #&#.3#- d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�,3.)."#-%(/#.)''#..(,)/**,.#(! )."-"#&9).(#( ),'.#)(D '(*,+&!&(&&, -*!,1(*,%&,*('*,!&,', $'$ )''#..D  ! &'*%,!'&!*> -."()&)!3)'-'),)'*&2(-)*"#-.#.E-))."3, ,#-%-."./-#(--- D

              6. Appendices @D; (#0,-&, ,(.& >B @D< .%")&,#&)!/ ?; @D= *,.#)(&#'*.(*)*&/&./, ?@ @D> *,.#)(&(0#,)('(.&#'*. @: @D? *),.#(!-)*, ,(('."))&)!3 @>

              6.1 Universal reference table " )&&)1#(!.&, ,(--/-.#(#&#.3#-&)-/,-*,-(.#(."#-,*),.E'**#(!."'!#(-.."&)&*),.#(! (#.#.#0.(,-S TE."!,)/*M-)''#.'(..).";:d*,#(#*&-) ."(#..#)(-&)&)'*. STE."/-.#(&0&)*'(.)&-STE(.",)''(.#)(-) ."-% ),)(&#'.P,&.#((#&#-&)-/,STD I5J I6J >     ,)/*P1#*/,*)--..'(.E!/##(!*,#(#*&-(-/-.#(#&#.3'#.#)(-*,.) )."-"#&9)M- D;D; ;P;: ;:G;: ;P;: ;:

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              Sustainability Report | Rothschild & Co - Page 51

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