At Rockefeller Asset Management, ESG engagement is an important part of our investment process. Our direct
dialogue with companies seeks to maximize shareholder returns and catalyze positive change. To do this, we
identify what we believe are the most material issues for each company. We then engage management teams to
understand their approach to managing these issues and propose specific ways they can improve their ESG
performance to enhance overall value.

In 2020, as Covid-19 swept the human and economic landscape, many of our conversations with companies turned
to address the impacts on their people, their business, and their strategy. In 2021, we intend to continue
discussing their efforts to adapt to new post-COVID-19 realities. Yet as we think about longer term drivers of value
among the companies across our strategies, the topics below emerge as paramount. Not all topics will apply to all
companies. For example, “ocean health”, is most relevant to companies whose operations have an impact on the
oceans and “data privacy” is most relevant to companies that collect large amounts of consumer data. At times,
the most material issues for a given company will fall outside of this framework.