VERIFICATION STATEMENTGREENHOUSE GAS EMISSIONS
Bureau Veritas North America, Inc. (BVNA) was engaged to conduct an independent verification of the greenhousegas (GHG) emissions reported by The Carlyle Group (Carlyle) for the period stated below. This Verification Statement
applies to the related information included within the scope of work described below.
The determination of the GHG emissions is the sole responsibility of Carlyle. BVNA’s sole responsibility was toprovide independent verification on the accuracy of the GHG emissions reported, and on the underlying systems andprocesses used to collect, analyze and review the information.
Boundaries of the reporting company GHG emissions covered by the verification:
Operational Control

WorldwideEmissions data verified:

Scope 2 (location-based): 5,800 metric tons of CO2 equivalent

Scope 3: Business Travel: 9,800 metric tons of CO2 equivalent
Employee Commute: 1,200 metric tons of CO2 equivalent

Data and information supporting the GHG emissions assertion were mostly estimated rather than historical in nature.
Period covered by GHG emissions verification:
January 1, 2017 to December 31, 2017

GHG Reporting Protocols against which verification was conducted:
World Resources Institute (WRI)/World Business Council for Sustainable Development (WBCSD)
Greenhouse Gas Protocol (Scope 2)

WRI/WBCSD Greenhouse Gas Protocol Corporate Value Chain (Scope 3) Accounting and ReportingStandard (Scope 3)

GHG Verification Protocol used to conduct the verification:
ISO 14064-3: Greenhouse gases -- Part 3: Specification with guidance for the validation and verification ofgreenhouse gas assertions

Level of Assurance:
LimitedThis verification used a materiality threshold of 5% for aggregate errors in sampled data for each of theabove indicators

GHG Verification Methodology:
Interviews with relevant personnel of Carlyle;

Review of documentary evidence produced by Carlyle;

Review of Carlyle data and information systems and methodology for collection, aggregation, analysis andreview of information used to determine GHG emissions; and

Audit of sample of data used by Carlyle to determine GHG emissions.

Bureau Veritas North America, Inc.
Health, Safety, and Environmental Services

Main: (303) 988-2585

165 South Union Blvd., Suite 310

Fax: (303) 988-2583

Lakewood, CO 80228

www.us.bureauveritas.com

The Carlyle Group
June 8, 2018

Page 2Assurance Opinion:
Based on the process and procedures conducted, there is no evidence that the GHG emissions assertion shownabove:is not a fair representation of the GHG emissions data and information; and

has not been prepared in accordance with the GHG Protocol listed above.

It is our opinion that Carlyle has established appropriate systems for the collection, aggregation and analysis ofquantitative data for determination of these GHG emissions for the stated period and boundaries.
Statement of independence, impartiality and competence
The Bureau Veritas Group is an independent professional services company that specializes in Quality, Health,
Safety, Social and Environmental management with over 180 years history in providing independent assurance
services.
No member of the verification team has a business relationship with Carlyle, its Directors or Managers beyond that
required of this assignment. We conducted this verification independently and to our knowledge there has been noconflict of interest.
The Bureau Veritas Group has implemented a Code of Ethics across the business to maintain high ethical standards
among staff in their day-to-day business activities.
The verification team has extensive experience in conducting assurance over environmental, social, ethical andhealth and safety information, systems and processes, has over 20 years combined experience in this field and an
excellent understanding of The Bureau Veritas Group standard methodology for the verification of greenhouse gas
emissions data.
Attestation:

Candice Derks, Lead Verifier

Lisa Barnes, Technical Reviewer

Bureau Veritas North America, Inc.

Bureau Veritas North America, Inc.

Lakewood, Colorado
June 8, 2018

This verification statement, including the opinion expressed herein, is provided to Carlyle and is solely for the benefit of Carlyle inaccordance with the terms of our agreement. We consent to the release of this statement by you to the CDP in order to satisfy theterms of CDP disclosure requirements but without accepting or assuming any responsibility or liability on our part to CDP or to any
other party who may have access to this statement.