(1)(2)(3)2022 Emissions by Scope
Scope

Primary (MB) mtons CO2e

Secondary (LB) mtons CO2e

Scope 1154

154

Scope 2579

6,824

Total

733

6,979

2022 Scope 3 Emissions by Category(1)(2)(3)
Sourcemtons CO2e

C1 - Purchased Goods & Services

33,377

C3 - Fuel & Energy-Related Activities

2,331

C5 - Waste generated in operations

190

C6 - Business travel

1,929

C7 - Employee commuting

1,664

C11 - Use of sold products

2,883

C13 - Downstream leased assets

316

Total

42,6902021 Emissions by Scope(1)(2)(3)
ScopePrimary (MB) mtons CO2e

Secondary (LB) mtons CO2e

160

160

Scope 1
Scope 2964

6,480

Total

1,124

6,640

2021 Scope 3 Emissions by Category(1)(2)(3)
Sourcemtons CO2e

C1 - Purchased Goods & Services

30,156

C3 - Fuel & Energy-Related Activities

1,878

C5 - Waste generated in operations

202

C6 - Business travel399

C7 - Employee commuting

1,539

C11 - Use of sold products

3,044

C13 - Downstream leased assets
Total

413
37,6312020 Emissions by Scope(1)(2)(3)
ScopePrimary (MB) mtons CO2e

Secondary (LB) mtons CO2e

Scope 1230

230

Scope 2

3,507

7,360

Total

3,737

7,590

(1)(2)(3)2020 Scope 3 Emissions by CategorySourcemtons CO2e

C1 - Purchased Goods & Services

27,349

C3 - Fuel & Energy-Related Activities

1,273

C5 - Waste generated in operations

158

C6 - Business travel

1,499

C7 - Employee commuting

1,506

C11 - Use of sold products

1,938

C13 - Downstream leased assets

417

Total

34,1402019 Emissions by Scope(1)(2)(3)
ScopePrimary (MB) mtons CO2e

Secondary (LB) mtons CO2e

Scope 1272

272

Scope 2

4,196

7,767

Total4,468

8,039

2019 Scope 3 Emissions by Category(1)(2)(3)
Sourcemtons CO2e

C1 - Purchased Goods & Services

27,762C3 - Fuel & Energy-Related Activities

609

C5 - Waste generated in operations

676

C6 - Business travel

4,417

C7 - Employee commuting

2,568

C11 - Use of sold products

1,938

C13 - Downstream leased assets
Total

417
38,387¹ As of July 2023, MSCI is in the process of recalculating base-year emissions and re-verifying Scope 3 purchase goods and services emissions for the years 2019 (base year), 2020 and 2021 in accordance with our practice ofadjusting historical emissions data to account for significant changes and in line with the GHG Protocol Guidance: A Corporate Accounting and Reporting Standard.
Based on initial estimates, we currently anticipate significant changes in previously reported 2019-2021 Scope 3 emissions data, including base-year data, compared to the previously disclosed values, which changes may bematerial. We plan to disclose on this website page the recalculated emissions data once verified.
² Carbon footprint metrics for 2019, 2020, 2021 and 2022 verified with limited assurance. Subsequently, 2019 and 2020 emissions have been re-baselined for the RCA acquisition. They may differ from those previously
published due to retroactive recalculations made in accordance with the GHG Protocol. (Greenhouse Gas Protocol A Corporate Accounting and Reporting Standard REVISED EDITION. World Resources institute. Copyright ©
World Resources Institute and World Business Council for Sustainable Development, March 2004. Page 35-37).
https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf#page=37
3MB or market-based: A method to quantify the scope 2 GHG emissions of a reporter based on GHG emissions emitted by the generators from which the reporter contractually purchases electricity bundled with contractualinstruments, or contractual instruments on their own.
LB or location-based: A method to quantify scope 2 GHG emissions based on average energy generation emission factors for defined geographic locations, including local, subnational, or national boundaries.
Source: GHG Protocol Scope 2 Guidance, An amendment to the GHG Protocol Corporate Standard, World Resource Institute, 2015. Page 26. Scope 2 Guidance_Final_Sept26.pdf
https://ghgprotocol.org/sites/default/files/standards/Scope%202%20Guidance_Final_Sept26.pdf

MSCI 2019-2021 Emissions(1)(2)(3)

2022

2021

2020

2019

2022 YoY Change

2021 YoY Change

2020 YoY change

2019-2022 Change

Primary (MB) mtons CO2e

733

1,124

3,737

4,468

-35%

-70%

-16%

-84%

Secondary (LB) mtons CO2e

6,979

6,640

7,590

8,039

5%

-13%

-6%

-13%

Scope 3 Total

42,69037,63134,14038,387

13%

10%

-11%

11%

¹ As of July 2023, MSCI is in the process of recalculating base-year emissions and re-verifying Scope 3 purchase goods and services emissions for the years 2019 (base year), 2020 and 2021 in accordancewith our practice of adjusting historical emissions data to account for significant changes and in line with the GHG Protocol Guidance: A Corporate Accounting and Reporting Standard.
Based on initial estimates, we currently anticipate significant changes in previously reported 2019-2021 Scope 3 emissions data, including base-year data, compared to the previously disclosed values, whichchanges may be material. We plan to disclose on this website page the recalculated emissions data once verified.
Carbon footprint metrics for 2019, 2020, 2021 and 2022 verified with limited assurance. Subsequently, 2019 and 2020 emissions have been re-baselined for the RCA acquisition. They may differ from thosepreviously published due to retroactive recalculations made in accordance with the GHG Protocol. (Greenhouse Gas Protocol A Corporate Accounting and Reporting Standard REVISED EDITION. World
Resources institute. Copyright © World Resources Institute and World Business Council for Sustainable Development, March 2004. Page 35-37).
2https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf#page=37² of a reporter based on GHG emissions emitted by the generators from which the reporter contractually purchases electricity bundled
MB or market-based: A method to quantify the scope² 2 GHG emissions
with contractual instruments, or contractual instruments on their own.
LB or location-based: A method to quantify scope 2 GHG emissions based on average energy generation emission factors for defined geographic locations, including local, subnational, or nationalboundaries.
Source: GHG Protocol Scope 2 Guidance, An amendment to the GHG Protocol Corporate Standard, World Resource Institute, 2015. Page 26. Scope 2 Guidance_Final_Sept26.pdf
3https://ghgprotocol.org/sites/default/files/standards/Scope%202%20Guidance_Final_Sept26.pdf

MSCI Emissions 2019-2022
About MSCIMSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50
years of expertise in research, data and technology, we power better investment decisions by enabling clients to understandand analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading
research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.
To learn more, please visit www.msci.com.
The process for submitting a formal index complaint can be found on the index regulation page of MSCI’s website at:https://www.msci.com/index-regulation.

Please refer to the disclaimer at the end of this document

MSCI Emissions 2019-2021
Notice and Disclaimer
This document and all of the information contained in it, including without limitation all text, data, graphs, charts (collectively, the “Information”) is the property of MSCI Inc. or its subsidiaries(collectively, “MSCI”), or MSCI’s licensors, direct or indirect suppliers or any third party involved in making or compiling any Information (collectively, with MSCI, the “Information Providers”) and isprovided for informational purposes only. The Information may not be modified, reverse-engineered, reproduced or redisseminated in whole or in part without prior written permission from MSCI. All
rights in the Information are reserved by MSCI and/or its Information Providers.
The Information may not be used to create derivative works or to verify or correct other data or information. For example (but without limitation), the Information may not be used to create indexes,
databases, risk models, analytics, software, or in connection with the issuing, offering, sponsoring, managing or marketing of any securities, portfolios, financial products or other investment
vehicles utilizing or based on, linked to, tracking or otherwise derived from the Information or any other MSCI data, information, products or services.
The user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. NONE OF THE INFORMATION PROVIDERS MAKES ANY EXPRESS OR IMPLIEDWARRANTIES OR REPRESENTATIONS WITH RESPECT TO THE INFORMATION (OR THE RESULTS TO BE OBTAINED BY THE USE THEREOF), AND TO THE MAXIMUM EXTENT PERMITTED BYAPPLICABLE LAW, EACH INFORMATION PROVIDER EXPRESSLY DISCLAIMS ALL IMPLIED WARRANTIES (INCLUDING, WITHOUT LIMITATION, ANY IMPLIED WARRANTIES OF ORIGINALITY,ACCURACY, TIMELINESS, NON-INFRINGEMENT, COMPLETENESS, MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE) WITH RESPECT TO ANY OF THE INFORMATION.
Without limiting any of the foregoing and to the maximum extent permitted by applicable law, in no event shall any Information Provider have any liability regarding any of the Information for any
direct, indirect, special, punitive, consequential (including lost profits) or any other damages even if notified of the possibility of such damages. The foregoing shall not exclude or limit any liability
that may not by applicable law be excluded or limited, including without limitation (as applicable), any liability for death or personal injury to the extent that such injury results from the negligenceor willful default of itself, its servants, agents or sub-contractors.
Information containing any historical information, data or analysis should not be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. Past performancedoes not guarantee future results.
The Information should not be relied on and is not a substitute for the skill, judgment and experience of the user, its management, employees, advisors and/or clients when making investment
and other business decisions. All Information is impersonal and not tailored to the needs of any person, entity or group of persons.
None of the Information constitutes an offer to sell (or a solicitation of an offer to buy), any security, financial product or other investment vehicle or any trading strategy.
It is not possible to invest directly in an index. Exposure to an asset class or trading strategy or other category represented by an index is only available through third party investable instruments(if any) based on that index. MSCI does not issue, sponsor, endorse, market, offer, review or otherwise express any opinion regarding any fund, ETF, derivative or other security, investment, financial
product or trading strategy that is based on, linked to or seeks to provide an investment return related to the performance of any MSCI index (collectively, “Index Linked Investments”). MSCI makes
no assurance that any Index Linked Investments will accurately track index performance or provide positive investment returns. MSCI Inc. is not an investment adviser or fiduciary and MSCI
makes no representation regarding the advisability of investing in any Index Linked Investments.
Index returns do not represent the results of actual trading of investible assets/securities. MSCI maintains and calculates indexes, but does not manage actual assets. Index returns do notreflect payment of any sales charges or fees an investor may pay to purchase the securities underlying the index or Index Linked Investments. The imposition of these fees and charges would
cause the performance of an Index Linked Investment to be different than the MSCI index performance.
The Information may contain back tested data. Back-tested performance is not actual performance, but is hypothetical. There are frequently material differences between back tested performance
results and actual results subsequently achieved by any investment strategy.
Constituents of MSCI equity indexes are listed companies, which are included in or excluded from the indexes according to the application of the relevant index methodologies. Accordingly,constituents in MSCI equity indexes may include MSCI Inc., clients of MSCI or suppliers to MSCI. Inclusion of a security within an MSCI index is not a recommendation by MSCI to buy, sell, orhold such security, nor is it considered to be investment advice.
Data and information produced by various affiliates of MSCI Inc., including MSCI ESG Research LLC and Barra LLC, may be used in calculating certain MSCI indexes. More information can befound in the relevant index methodologies on www.msci.com.
MSCI receives compensation in connection with licensing its indexes to third parties. MSCI Inc.’s revenue includes fees based on assets in Index Linked Investments. Information can be foundin MSCI Inc.’s company filings on the Investor Relations section of www.msci.com.
MSCI ESG Research LLC is a Registered Investment Adviser under the Investment Advisers Act of 1940 and a subsidiary of MSCI Inc. Except with respect to any applicable products or services
from MSCI ESG Research, neither MSCI nor any of its products or services recommends, endorses, approves or otherwise expresses any opinion regarding any issuer, securities, financial products
or instruments or trading strategies and MSCI’s products or services are not intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investmentdecision and may not be relied on as such. Issuers mentioned or included in any MSCI ESG Research materials may include MSCI Inc., clients of MSCI or suppliers to MSCI, and may alsopurchase research or other products or services from MSCI ESG Research. MSCI ESG Research materials, including materials utilized in any MSCI ESG Indexes or other products, have not been
submitted to, nor received approval from, the United States Securities and Exchange Commission or any other regulatory body.
Any use of or access to products, services or information of MSCI requires a license from MSCI. MSCI, Barra, RiskMetrics, IPD and other MSCI brands and product names are the trademarks,service marks, or registered trademarks of MSCI or its subsidiaries in the United States and other jurisdictions. The Global Industry Classification Standard (GICS) was developed by and is theexclusive property of MSCI and S&P Global Market Intelligence. “Global Industry Classification Standard (GICS)” is a service mark of MSCI and S&P Global Market Intelligence.
Privacy notice: For information about how MSCI collects and uses personal data, please refer to our Privacy Notice at https://www.msci.com/privacy-pledge.

© 2023 MSCI Inc. All rights reserved.