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Over the past several years, the Sustainability & Impact team at Rockefeller & Co. has implemented active stewardship with the financial services sector. On behalf of our clients, we have engaged with boards of directors and senior management, focusing on the following issues: ¢ Implementing strategy on long-term financial stability ¢ Improving transparency over business standards, values and culture ¢ Establishing sound risk management systems and processes e Compensation and incentive programs tied to long-term performance ¢ Implementing new employee engagement and trainings e Sustainable finance and climate related investments e Financial inclusion and access to underserved populations As engaged investors, we believe we have made significant progress in many of these areas. We worked together with some of the largest banks in the United States in seeking to improve their disclosures over business ROCKEFELLER & CO. standards and encouraged them to embrace ESG in their operations and investments. We continue to monitor their progress through regular meetings and communications. Despite making significant progress in the areas of governing business risk and regulatory compliance, many financia companies continue to be involved in irresponsible business practices. uch behavior can potentially urt long-term shareholder value and damage their corporate reputation. This is where we elieve our active stewardship and constructive shareholder voice can have the most positive impact. ROCKEFELLER & CO. HISTORY OF CO-FILING SHAREHOLDER RESOLUTIONS IN THE FINANCIAL SERVICES SECTOR AFTER 2008: 2013 2012 Wells Fargo, Payday Lending Morgan Stanley, Transparency in the Wells Fargo, Report on Business Standards J.P. Morgan Chase, Proxy Voting Bank of America, Separation of Chair & CEO J.P. Morgan Chase, Report on Business Standards Bank of America, Report on Business Standards Wells Fargo, Report on Business Standards Repurchase Markets 2012 Bank of America, Internal Controls Related to Mortgage Loan State Street, Separate Chair & CEO Morgan Stanley, Restore Confidence in the Financial System 2011 2011 Network on Climate Risk (INCR) to engage with companies on sustainability across various sectors. through active stewardship and engagements. We believe that institutional investors should be more proactive than ever as stewards of companies and capital markets, and raise their voice in seeking to ensure good governance, accountability and responsible growth. Our engagements with the Financial services sector are supported by our long-term collaborative work with the nterfaith Center on Corporate Responsibility (ICCR). We also utilize other investor networks such as the UN-backed Principles For Responsible Investment PRI) and the CERES/Investor Finally, the outlook for possible increased deregulation under the new administration could potentially undermine the gains achieved by shareholders ACTIVE STEWARDSHIP 6 HOUSE_OVERSIGHT_012077