Sustainability

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SUSTAINABILITY

As an Emerging Markets focused investment manager, PrimeHill's success has always been dependent on understanding sustainability in the markets in which it operates and invests. PrimeHill recognises the role it plays in the deployment of its clients' capital and the impact this can have on sustainability of the environment and broader society. As such, the Group has integrated sustainability and the understanding and consideration of environmental, social and governance (ESG) factors across its operations, with oversight by the Head of Sustainability and ESG Integration and Board accountability ensured through the Group's specialised ESG Committee which has overall responsibility for PrimeHill's sustainability and responsible investing framework across its operational and investment activities.

PrimeHill's responsibility to ensuring sustainability extends to all its stakeholders and includes managing its operations in ways that effectively ensure the health and wellbeing of its employees and its distinctive culture means that PrimeHill ensures that its employees work in a constructive environment, enabling personal and professional development. Understanding and achieving sustainability can take many forms, but in the context of the United Nations' Sustainable Development Goals (SDGs) described below, arguably the greatest impact and change can be achieved in the Emerging Markets. Two areas are particularly relevant to emerging countries: • Environmental challenges, and specifically the effects of climate change, can be acutely felt by companies and communities in which PrimeHill operates and invests. PrimeHill's investment processes consider environmental factors in portfolio construction, and the Group is a supporter of global and industryspecific initiatives such as the Taskforce on Climate-related Financial Disclosures (TCFD) recommendations and alignment with the Paris Agreement, including net zero initiatives.

Sustainability

Sustainability governs our approach to investments, communities and the environment

Corporate: Incorporating transparency, fairness, accountability and integrity into operations

• Affiliations and membership
• UNPRI (2013)
• UN Global Compact (2019)
• Policies and processes disclosed
• ESG
• Proxy voting
• Engagement
• Climate change position paper

Investment: Enabling clients to deploy capital in line with responsible investing considerations.

• ESG factor analysis
• Assessment criteria and scoring process
• ESG training for investment teams
• External research/third-party data
• ESG within the investment process
• Integrated approach
• Consistency across investment themes
• Stewardship/collaborations
.

Societal: Social and impact-first investing locally in Emerging Markets communities Adherence to UK Modern Slavery Act

• Alignment/contribution to UN (SDGs)
• Local social initiatives
• US Crisis at Christmas
• Employee volunteering
• One paid volunteering day
• The PrimeHill Foundation
• Emerging Markets philanthropy
• Impact-first investing – concessionary loans
• Impact investments

SUSTAINABILITY TEAM &

DEDICATED RESOURCES

PrimeHill's Sustainability team is responsible for developing the firm's sustainability strategy, policies and processes through: • The integration of ESG into the investment process to fully understand the value drivers of our investments; • Stewardship for our clients targeted at enhancing returns. We are active managers of our clients' capital, which goes together with our active stewardship approach; and • Embedding sustainability within our operations as well as our investment activities to ensure that we are leading by example. PrimeHills' Sustainability team is supported in the delivery of the sustainability strategy by five dedicated professionals in the Portfolio Solutions & Analytics (PSA) team, who support investment teams with their ESG integration as well as providing ESG research, analysis and reporting. There are currently 11 professionals dedicated to sustainability across the Sustainability and PSA Teams, with further ESG resourcing captured in investment teams.

Clients

PrimeHills aspires to be a strategic advisor and long-term partner for our clients. We look at innovative methods of communicating with our clients and consultants and have a content-rich global website that contains a full array of frequent and timely market outlooks and investment commentaries. We understand that many of our clients share an interest in exploring the implementation of practices and procedures that are consistent with both current ESG thinking and our fiduciary duties. PrimeHills engages clients regularly with our approach to, and performance on, ESG issues.

Corporate

Responsibility

The consideration of ESG topics permeates our business activities through our corporate responsibility program. We strive for sustainable practices from our colleagues, in our communities, and in our world. We seek to strengthen the communities in which we live, work and invest, and to do this we encourage all employees to give back through supported volunteering and charitable giving programs. We believe that diverse backgrounds create a diversity of perspectives, experience and skills that is essential to meeting the evolving needs of our clients. We are also committed to reducing the environmental footprints of our offices, as we want to do our part in protecting our world in pursuit of a sustainable future.