Reminder: Analyst Access: Global refining trends – what's next?

Research evidence excerpt

Reminder: Analyst Access: Global refining trends – what's next?

elated securities

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NOT A BENCHMARK

The information provided does not constitute a financial benchmark and should not be used as a

submission or contribution of input data for the purposes of determining a financial benchmark.

SUSTAINABLE INVESTING RELATED RESEARCH

There is currently no globally accepted framework or definition (legal, regulatory or otherwise) of, nor

market consensus as to what constitutes a ‘sustainable’, ‘ESG’, ‘green’, ‘climate-friendly’ or an

equivalent company, investment, strategy or consideration or what precise attributes are required to

be eligible to be categorised by such terms. This means there are different ways to evaluate a

company or an investment and so different values may be placed on certain sustainability credentials

as well as adverse ESG-related impacts of companies and ESG controversies. The evolving nature of

sustainable investing considerations, models and methodologies means it can be challenging to

definitively and universally classify a company or investment under a sustainable investing label and