Util

June 2021 Introducing Util sustainability analytics Next generation impact analytics 1

What is Util? The world’s most comprehensive, detailed, and objective dataset for measuring the real-world impact of companies and portfolios. Util is what ESG wants to be when it grows up. Next generation impact analytics 2

ESG is not OK Record-breaking demand for sustainability is being met with critically flawed data Overwhelming demand: Poor existing data: Without better data, the costs and risks for financial institutions keep growing: ● 30% of global AUM today ● data disagrees > 50% of the ● Projected to reach 60% by time ● Mispricing 2025 ● labour-intensive collection and ● Greenwashing risk evaluation doesn’t scale ● Regulatory risk (failure to meet ● opinion-driven analysis lacks new regulatory requirements for compelling evidence sustainable funds) ● incomplete coverage ● biased company disclosures influence data Next generation impact analytics 3

How is Util different? We set a higher standard in three key ways: No bogus claims No opinions. Just evidence, at scale It’s complicated. And that’s okay ● What companies sell is their ● Rather than relying on one ● Most things are both good and defining characteristic, not rater’s view, we use machine bad to differing degrees what they claim or promise learning to process a massive ● The challenge is to measure and peer-reviewed evidence base manage real-world trade-offs (120M+ source texts) Next generation impact analytics 4

You can have all three! (You usually can’t.) Objective Comprehensive Detailed ● 120 million peer-reviewed ● 45,000 companies (every listed ● +/- alignments to 2,000+ academic and scientific texts company in the world) sustainability themes including ● Literally the collective work of UN SDGs ● 6,000 ETFs the world’s finest minds in ● metrics for 12,000 products ● portfolio aggregations on every discipline ● 243 global locations request ● summary metrics Next generation impact analytics 5

How does Util compare to the competition? Util MSCI Clarity AI S&P Trucost ISS Company 45,000 companies 8,600 29,000 3,500 6,500 coverage Product 12,000 products - - 464 activities - coverage SDG coverage 17 SDGs plus: 17 SDGs only Only 52 of 169 17 SDGs only 17 SDGs only SDG targets ● 169 targets ● 2000+ sustainability concepts Output metrics ● positive and negative SDG ● 5-point scale speculative ● positive % only ● scale -10 to 10 alignment ● 0 history metric, ‘if the ● 189 geographies ● % revenues whole market ● 1-year history ● $ revenues did x’ ● product alignment to each SDG ● geographic adjustment for 243 locations ● 5-year history Next generation impact analytics 6

A quick look: Apple, Inc. Next generation impact analytics 7

Data that’s deployable (almost) everywhere Our focus on producing rich data at scale leaves many deployment options and use cases open ● Report on existing funds Asset managers, ● Build new differentiated funds with sustainable goals (aligned with EU SFDR regulation) Asset owners ● Engage with portfolio companies armed with evidence-driven data Institutions serving ● Build model portfolios financial advisors, ● Compare ETFs and choose optimal combinations private wealth Individual retail ● Understand and manage the sustainability of personal portfolios investors ● Compare companies to find value and sustainable impact ● Discover, measure, mitigate sustainability risks Insurers ● Anticipate greenwashing risk Next generation impact analytics 8

Disclaimer Please note these materials have been prepared for the sole use of the intended recipient. It must not be disclosed to third parties, quoted or referred to, without prior written consent. No responsibility is assumed by us to any other person. This report and the information contained in it have been prepared by Util (UK Registered Company name Effective Investing Limited, company number 10590048) for information purposes only, and the information and materials contained herein should not be relied upon. We shall not be liable to you for any loss arising out of the inaccuracy or incompleteness of information contained in this report. In any event, we shall not be liable for any special, indirect or consequential damages (including loss of business or loss of profits) however caused. Next generation impact analytics 9

[email protected] util.co Next generation impact analytics 10