New Collaborative Initiatives and Partnerships: 2021

ClearBridge supports a number of investor statements and initiatives that are aligned with our ESG goals and where we believe we can have a greater impact by acting in collaboration with other investors to further these shared goals. In 2021 ClearBridge signed the following investor statements and letters on ESG issues:

Access to Medicine Foundation Global Investor Statement in Support of an Effective, Fair and Equitable Global Response

to COVID-19: A call for a fair and equitable global response to the pandemic, specifically through committing to engagement with health care companies to promote bolder industry action.

Access to Medicine Foundation Investor Letter on Vaccine

Equity & Executive Remuneration: A joint investor statement to pharmaceutical companies producing COVID-19 vaccines addressing equity and calling for integration of the WHO goals into executive remuneration strategy. We have been participating in collaborative engagements with Pfizer and Moderna following signing on to this statement.

As You Sow 2021 Investor Statement Regarding the Need

for Corporate Workplace Equity Transparency: A statement to support increased disclosure of DEI data.

Ceres Biodiversity Sign-on Letter: A joint statement ahead of COP15 that signals support for a Global Diversity Framework, which would outline goals and targets to protect and restore biodiversity by 2050.

Ceres Methane Regulation Investor Statement: A call on the Biden Administration to rapidly advance methane regulations for the U.S. oil and gas sector.

Ceres 2021 Global Investor Statement to Governments on

the Climate Crisis: A joint letter from the public and private sector calling for SEC rules to mandate climate-related disclosure.

DOL Rule Proposal: “Prudence and Loyalty in Selecting Plan

Investments and Exercising Shareholder Rights”: ClearBridge submitted a comment letter supporting the Department of Labor’s proposed rule, which clarifies that ESG factors can be incorporated where deemed material by the fiduciary and should be treated the same way as any other investment factor.

FAIRR COP Investor Statement on Agriculture: A statement urging governments to improve disclosure of agricultural emissions targets.

Global Investor Statement to Governments on the Climate

Crisis: A joint investor call on governments to step up their collective response to the climate crisis, specifically around policy making, net-zero commitments and actions to strengthen National Climate Plans.

ICCR Statement of Investor Expectations for Job Standards

& Community Impacts in the Just Transition: A joint investor statement that outlines investor expectations through a series of principles for job standards and community impacts to ensure a just low-carbon energy transition.

PRI Investor Letter on Modern Day Slavery: An institutional investor letter aiming to address human rights risks within investment portfolios through increased legislation.

Statement in Support of Meaningful Stakeholder

Engagement in mHREDD Framework: A communication to European policymakers to encourage stakeholder engagement as a central aspect of the EU framework on mandatory human rights and environmental due diligence (mHREDD) legislation.