RTSWS COPPER (ESG) STUDENT CURRICULUM 2022 by Rock The Street, Wall Street

ESG STUDENT SESSION x ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

ESG STUDENT SESSION x ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM FOLLOW US ON SOCIAL!

TABLE OF CONTENTS ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM STUDENT INTRODUCTION OUR MISSION & VISION ...................................................................................................... I OUR GOALS ..................................................................................................................... II ARTICLE: MATH ANXIETY..................................................................................................... III STATISTICS .......................................................................................................................... VI WORKSHOP SESSION OVERVIEW ..................................................................................... VII ESG SESSION ONE ............................................................................................................. 1 BINGO ...................................................................................................................... 2 RTSWS Cohort Norms 3 Pre-Assessment 4 Agenda ..................................................................................................................... 5 Key Terms ................................................................................................................ 7 Action Item 11 Glows & Grows 12 Reminders ................................................................................................................ 13 Session #1 BONUS ................................................................................................. 14 ESG SESSION TWO ............................................................................................................ 18 Welcome & Norms 19 Agenda 17 Key Terms ................................................................................................................. 20 Stock Review ........................................................................................................... 23 Environmental Key Impacts 25 Project: Company Research for Janella 26 Project: Environmental Research Chart .................................................................... 28 Reminders ................................................................................................................ 30 Yahoo! Finance Instructions 31 Session #2 BONUS ................................................................................................. 33 ESG SESSION THREE ......................................................................................................... 37 Welcome & Norms..................................................................................................... 37 Agenda 38

TABLE OF CONTENTS ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM Key Terms ................................................................................................................. 39 Stock Review 42 New Investment Key Terms 44 Project: Company Research for Janella ................................................................... 46 Project: Social Research Chart ................................................................................. 47 Group Refection 48 Reminders 49 Session #3 BONUS ................................................................................................... 50 ESG SESSION FOUR ........................................................................................................... 52 Welcome & Norms 52 Agenda ..................................................................................................................... 53 Think About It: Governance Stats ............................................................................ 54 Key Terms 56 Stock Review 58 New Investment Key Terms ...................................................................................... 60 Project: Company Research for Janella ................................................................... 62 Project: Governance Research Chart 63 Whole Group Refection 64 Session #4 BONUS ................................................................................................... 66 KEY TERMS GLOSSARY 68 ESG SESSION FIVE 70 Welcome & Norms ................................................................................................... 70 Agenda 71 Stock Review 72 Post-Assessment ...................................................................................................... 75 Group Presentations ................................................................................................. 77 Whole Group Refection 81 Reminders for Field Trip 82 Session #5 BONUS ................................................................................................... 83 Article: Careers in Finance 86 RESOURCES ....................................................................................................................... 90

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

Rock The Street, Wall Street hopes to break the cycle of multi-generational fnancial naivete so that girls have a better chance at improving their lives, their households and their communities. Fifty years after the adoption of Title IX, women continue to confront barriers to full equality at all levels; most critically of which is in their fnancial lives. This is even more egregious for women of color, where they earn, save and invest at lower rates. In college fnance and economics classrooms, girls are few in number. As a result, their opportunities in pay, promotion and life are unequal. Equipping girls with fnancial skills is a vital part of ensuring equal opportunity. Financial literacy is The Great Equalizer Rock The Street, Wall Street is reaching young women at their local high schools. We ofer young women a fight path to a fnancial education through hands-on fnancial projects, workshops, role modeling, mentoring and real-life Wall Street experiences. Girls are introduced to fnancial concepts such as savings, investments, post-secondary and college fnancial preparedness, budgets, stocks, bonds, fnancial analysis, venture capital and private equity.

Rock The Street, Wall Street believes to close the gender gap in the wages, wealth and in the fnancial services sector we have to inspire girls to pursue the M in STEM and fnance, by exposing them to real life role models. The number one reason why girls are not choosing STEM professions - they don’t see women in those professions The number two reason - they don’t see their friends choosing those majors in college We engage female fnancial pros who walk the talk on all matters fnancial. They teach and motivate the next generation. Our students see girls in their RTSWS cohort choosing fnance, economics or a related computational feld as their majors/minors. Whether they choose the profession or head into another feld, our students are far better prepared for critical decision making on all types of fnancial and career prep matters.

OUR VISION

ABOUT ROCK THE STREET, WALL STREETESGSTUDENT INTRODUCTIONI

OUR MISSION Rock The Street, Wall Street is a fnancial and investment literacy program designed to bring both gender and racial equity to the fnancial markets and spark the interest of high school girls into careers of fnance. Girls learn about saving, investments, budgeting, stock and capital markets and their role in maintaining the welfare of their families, communities and the economy, while simultaneously helping them see the real world application of the math content they learn in the classroom.

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Coach students on resume building. Provide career discovery by ofering job shadowing and/or industry summer internships. Foster students’ continued growth in fnance through their college years and into the workforce. Create a longitudinal cohort of girls who can network with each other across cities, countries, socio-economic lines and industries. Become the go to internship and job portal for emerging, diverse talent in the fnancial services industry and beyond.

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Spark girls’ enthusiasm for fnance at a critical age and make them aware of the societal benefts personal fnancial knowledge and math-oriented careers can ofer. Create the social capital between students and female fnancial professionals that will enable students to get a jumpstart on their personal money management behavior and on their college and work lives. Increase the number of women studying fnance, economics or related computational business felds. Create an early pipeline of female talent to increase the number of women who enter into the services industry. Provide a pathway to better lifetime money management, academic performance and college preparation.

Close the gender and racial gap in wages, investments and wealth accumulation for all women.

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fnancial

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Increase fnancial and investment literacy of girls at a young age so that they are aware of the fnancial responsibilities AND opportunities of post-secondary life, at college, at work, at home and in their communities.

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ESG STUDENT INTRODUCTION II

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Open girls’ minds to math-focused felds of study as compatible with a career that has a positive impact on the world.

Teach girls on how being fnancially independent is key to living a self-determined life.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM OUR GOALS •

Parker, 30, taught Algebra II and geometry to high-school students before switching to fnancial planning and working with her 76-year-old father, who has his own frm. She also became a Certifed Financial Planner. “I have a math background and the CFP puts me in a good position to do fnancial planning in a way that educates people about the planning and why,” she said. Their age difference also helps them work with clients of all ages and provide their own perspectives, she added.

This teacher-turned-fnancial adviser on the different ways men and women approach math and life

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

Women sufer from ‘math anxiety’ more than men do — here’s how to reverse it

ARTICLE

Many Americans suffer from “math anxiety,” which inhibits their ability to solve problems — a potential issue when it’s time to balance a checkbook or save for retirement.

Parker spoke with MarketWatch about her education background, why people are so worried about math and how to mesh the two:

By Alessandra Malito, MarketWatch (October 24, 2019)

III ESG STUDENT INTRODUCTION

Math anxiety may start in the classroom during childhood but it has a way of following students throughout their lives, said Maddie Parker, a fnancial adviser at Parker Financial Group in Overland Park, Kan., who started her career as a high school math teacher before switching to fnancial planning. She has seen people postpone their fnancial plans and refrain from saving for retirement because they don’t want to deal with the possibly complicated equations and complex investing topics. A fear of math can be debilitating — and not just because it could result in poor math grades. Many students, especially girls, may avoid careers that include a heavy amount of math, especially those in STEM (Science, Technology, Engineering and Math) felds. Girls made up just 30% of the top 5,000 ninth-graders in the American Mathematics Competitions, according to research distributed by the National Bureau of Economic Research in 2017. Just 18% of the top 500 ninth-graders were girls, and only 8% of the top 50. That gender gap worsens as they age — by senior year, only 22% of the top 5,000 are girls (compared with the 30% in ninth grade), followed by just 12% of the top 500.

MW: How can math anxiety impact personal fnances?

IVESG STUDENT INTRODUCTION

Parker: In high school, you’re not required to take personal fnance and the math you’re doing is unrelated to what you do in real life. And that real life math in your brain is still tied to calculus so you think, “I couldn’t do that at 16, I probably can’t handle fnances now.” But it is different math. It’s not to say it’s simple, but it’s different, and it is applicable in such a way that people do fnd it easier to understand. It is not quite as challenging as graphing logarithmic equations. It’s a lot different.

MW: Is it something adults face?

MarketWatch: How exactly would you describe math anxiety?

Parker: It translates from kids to adulthood. When you get out of school, you’re less exposed or have less experience being tested so the anxiety may seem like it’s gone away but any time math or that skill is required, the anxiety comes right back. I think it has been perpetuated as a weird acceptance in our country, that it’s OK to be bad at math. Like, “oh, math is hard and it’s OK not to get it.” It defnitely follows into adulthood and affects people dealing with fnances, because they have to do math and they don’t know how to do it, and they’re stressed or embarrassed to ask for help.

MW: There are many people who say women generally are more likely to have math anxiety than men. Is that something you’ve seen?

Parker: There are great articles and podcasts and TED talks about the same concepts, of how we’re raising our girls to be perfect and raising our boys to be brave. And there was one example at a girls’ coding camp, where they have to learn to do coding and the girls specifcally would type up all this stuff and then if they couldn’t fgure it out they’d erase it all and call the teacher over. The teacher would press undo and show all of this work and that they were really close, but because the girls couldn’t make it work they wanted to tell the teacher to show them from the beginning. They didn’t want to show this not perfect work. It is just a good example that demonstrates that girls are being raised to be perfect and not in the same way as boys, who may say (like in that example) that they don’t care and at least they’ll get partial credit. The only way to learn is by making mistakes, but that gets lost on girls when they feel they have to be perfect.

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MW: Does that concept translate to adult couples in fnancial planning?

Maddie Parker: A lot of people would say “I have that” and to a degree, a lot of people do, but it’s more than feeling like you don’t do well on exams. Kids who have math anxiety almost always have a physical inability to respond to being tested or asked to perform on math-related tasks. It is just built up over the years of different experiences, and it stops them from being able to learn any further.

Parker: It varies, but one big thing we talk about is infation and compound interest. The need to factor in infation because a dollar today is not going to be a dollar 10 years from now, and that it is a slow climb. People are amazed at how different the numbers look when I factor in 2.5% infa tion.

Parker: It is important that there be no stigma about it. There’s this expectation people have of themselves that they should know more about fnance because it applies to their life. I am a fnan cial adviser and I don’t know how to fx my car, so I bring it to be serviced by professionals. I don’t feel stupid because I didn’t focus on that and I know nothing about it.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

It can be scary if you don’t know who you’re going to and unfortunately there are some bad peo ple out there, but if you do your homework to fnd the people to help you, you don’t need to feel ashamed or embarrassed. That’s the whole reason you fnd a professional to begin with — some one who is trained. That’s their job.

Parker: It is more apparent for women when they are single individuals. They’re more comfortable saying “I don’t get it” or it’s more evident. They’re not as afraid to ask for help. It’s when they’re with their spouses it is easier to be quiet or let them talk and pretend you understand things because your partner is helping you, but it is still relevant. I always work with most clients together and I will ask them both “do you understand this?” or make sure they’re both on the same page.

Parker: One of the biggest ways is in my ability to explain things. It’s funny, I majored in math and decided to be a high school math teacher, but when I was in high school, I struggled with math. I had good grades and I didn’t have math anxiety, but I wasn’t some freaky Einstein genius kid who got it all. It made sense when I didn’t get something right and because I liked it so much I worked hard to understand it. I was good at explaining things to my friends. But my own struggle made me good at explaining it. A lot of math teachers are geniuses who understand it, and that makes it hard to explain it to students who are struggling. That ability translates nicely to doing fnancial plans. I can see what is probably going to confuse them and where they’ll get lost.

V ESG STUDENT INTRODUCTION

MW: How would you say your background as a math teacher benefts you and your clients?

MW: Are there any math-related topics that clients typically have a hard time understanding?

MW: Is there any way to overcome math anxiety?

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM VIESG STUDENT INTRODUCTION

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG Curriculum Workshop Sessions ESG Curriculum Learning Outcomes: • To play the role of a fnancial planner for Janella Sims, a 28-year-old female who is interested in investing in a company which is an environmental, social and governance leader. • Defne basic investment terms. • To follow the price movements of Apple (AAPL) and the SPDR S&P 500 ETF Trust (SPY). • Learn about the growth of ESG investing across the globe and what are environmental, social and governance factors. • Understand how investors react to corporations’ environmental, social and governance performance. • Research and analyze a company’s environmental, social and governance impact and provide the company with an overall ESG rating. • To become familiar with the various types of careers in fnance. VII ESG STUDENT INTRODUCTION

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM Session Topics and Key Terms: Please write in the day, time and location of each session. Be sure to add these dates to your phone calendar as well to set reminders. VIIIESG STUDENT INTRODUCTION

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ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 1 RTSWS ESG CURRICULUM Session 1 Welcome to RTSWS Session #1! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and favorite emoji Human Scavenger Hunt - BINGO Find another RTSWS student or volunteer who can answer “yes” to a BINGO question on the following page. You must have that person sign their name within the square. The object is to meet as many people as you can and fll a “BINGO!” (A complete line horizontally, vertically or diagonally). You can only use a person once to fll in a square.

The Wall Street feld trip is a capstone experience where students are given a rare glimpse into corporate offce settings, the workplaces and work lives of Thefnanciersexperience allows the students to shadow female treasury offcers, wealth managers, entrepreneurscomptrollers,analysts,accountants,andmore.For many of our students, this is their frst glimpse into the world of fnance, opening their eyes to a new world of possibilities.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 12

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 3 RTSWS COHORT NORMS Our RTSWS cohort norms will help us decide together the expectations for our sessions and the behaviors that will allow us to reach our goals. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • _________________________________________________________________________________________________________________________________________________________________________ • _________________________________________________________________________________________________________________________________________________________________________ As a cohort, briefy discuss what each norm means and what it looks like in action.

Submit” 4

In order to measure your growth and knowledge of ESG over the course of the next 5 sessions, we are going to take a quick pre-assessment to establish your baseline.

This will not be shown to your school or any teachers. Just do your best! At this time, we are going to begin the pre-assessment.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 ESG PRE-ASSESSMENT

When

This is not graded. We just want to see what you already know, as it helps RTSWS better understand students’ prior knowledge. “I don’t know” is an option and we encourage you to answer in accordance. It is okay to say “I don’t know.”

During the pre-assessment, please remain silent so that other RTSWS students in your cohort can focus and do their best. you are done with the pre-assessment, you will indicate you are complete to the volunteers by tilting your laptop screen down OR placing your phone upside down to your RTSWS app on your phone or a school computer: (app.rockthestreetwallstreet.com/ or use QR code below) Click on the button labeled “Take the Pre-Assessment” You will have 7 minutes to complete the pre-assessment RTSWS volunteer will let you know when there are 3 minutes remaining and when there is 1 minute remaining. At the end of the test, click “

. 1. Login

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 5 Companies: Example: Apple Products: Example: iPad LET’S GET Today’sSTARTED!GuidingQuestion: What motivates people or companies to invest in one company over another? SESSION #1 AGENDA: 1. Welcome 2. Attendance 3. Human Scavenger Hunt - BINGO 4. RTSWS Cohort Norms 5. Pre-Assessment 6. Likes and Dislikes: Companies and Products 7. What is ESG and Why is it Growing? 8. Action Item 9. Refection: Glows and Grows 10. Reminders for Next Session By the end of today’s session, we will be able to name what ESG stands for and understand why ESG investing is growing across the world. Jot down 3 companies and 3 products that you LIKE:

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1

Can think of any companies or products that you do not like?

What if you found out that your favorite company has values or practices that you disagree with (for example: unfavorable working conditions for employees), would you still choose to invest your money in this company? Why or why not?

you

6 Companies: Products:

If you were going to invest $100 of your own money into one of these companies, would you be more likely to invest in a company that you like or dislike? Why?

Investing which prioritizes optimal environmental, social and governance (ESG) factors or outcomes. ESG investing is widely seen as a way of investing “sustainably,” where investments are made with consideration of the environment and human wellbeing, as well as the economy. It is based upon the growing assumption that the fnancial performance of organizations is increasingly afected by environmental and social factors.

KEY TERM: Sustainability

KEY TERM: ESG Investing

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 7

The ability to maintain or support a process continuously over time. Sustainability seeks to prevent the depletion of natural or physical resources, so that they will remain available for the long term.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 WHAT IS ESG? ESG investing refers to assets that are selected according to their environmental, social and governance factors. These include everything from carbon intensity and gender representation, to executive pay. Often, these variables are analyzed through sources such as sustainability reports or government data, among others. WHY IS INTEREST IN ESG & SUSTAINABILITY GROWING The world is changing! Global sustainability challenges such as... • Demographic changes • Flood risk and rising sea levels • Extreme weather • Social justice (such as Black Lives Matter) • Privacy and data security • Covid-19 • Political climate • Pressure from investors • Regulatory bodies (rules from companies, industries or governments) …are introducing new risk factors for investors that may not have been seen previously. As companies face rising complexity on a global scale, investors are reevaluating traditional investment approaches. The economic pressure from the COVID-19 pandemic challenged some industries and companies’ exposure to ESG risks and their ability to manage them. Companies are facing increased complexities and a higher amount of scrutiny if they are not adequately addressing ESG or climate risk. 8

The growing interest of ESG investing has led many companies to publish sustainability their normal (which show how the company is doing and if it is on track with their goals). sustainability can often be accused of “greenwashing.”

The interest from millennial and Gen Z investors around the world has helped drive the rapid growth in ESG investment. These new investors want to invest their money in socially responsible investing and will avoid investing in companies that they don’t believe are serving the best interest of society or the planet.

reports

(www.thesustainableagency.com)

reports alongside

fnancial reports

BETTER DATA AND TECHNOLOGY FOR MORE MEANINGFUL INSIGHTS

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 9 A NEW GENERATION OF INVESTORS

However, these

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 Improved technology and artifcial intelligence (AI) has allowed for increased transparency within ESG data and the impact that companies have on society and the environment. Advancements in technology and AI, combined with the internet and social media, have allowed for more reliable data for investors and, in turn, increased the power of investors. Can you brainstorm any other factors that may contribute to the ESG investingDuringboom?thenext session, we will begin to look at how environmental, social and governance factors can impact the stock market and investment performance. 10

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 11 ACTION ITEM Over the course of the next RTSWS sessions, you will be acting as a fnancial advisor for your fctious client, Janella. On her behalf, you will be researching one company and analyzing how it impacts the environment, manages social relationships and handles its governance (or its internal system of practices). At the end of the fve sessions, you will present your research and recomendations to Janella. Review the list of companies below and choose 3 companies that you may be interested in researching for Janella: 1. ________________________________________________________________________________ 3.2. COMPANY LIST Microsoft Texas Instruments Oracle Sherwin-Williams Nike Alphabet (Google) Five Below Mattel Costco Chipotle Exxon Mobil Best Buy Walmart Pfzer Skechers Tesla Apple Nestle Disney McDonalds CocaCola Pepsico Salesforce

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 GLOWS AND GROWS GLOWS What went well today? What did you LIKE about today’s session? List three “glows” below: GROWS321 What can be improved on for the next session? What terms or ideas do we need to spend additional time on? List three “grows” below: 123 12

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 13 REMINDERS FOR NEXT SESSION The next RTSWS session is… Date: ___________________________________________ Time: __________________________ Before the next session… NOTES • Did you know...after session #5, RTSWS students will travel to a local fnance frm for the “Wall Street Experience” feld trip. Ready for More? Check out the following pages for additional key terms, bonus articles and challenge activities.

BYhttps://earth.org/what-is-greenwashing/DEENAROBINSON,JUL23RD2021

As people around the world become more aware of the importance of their daily choices and purchases, many businesses, too, are becoming more sustainable in how they operate to gain favor with consumers. In theory, this is a good thing, but many have simply put up a facade of sustainability while they contiue to engage in activities that cause more waste or greenhouse gasses. This is called “greenwashing,” but what exactly is it and how can you avoid companies that engage in it?

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 BONUS SESSION 1 BONUS Further Your Education on Greenwashing

What is Greenwashing?

The term “greenwashing” was coined by environmentalist Jay Westerveld in 1986 in an essay criticizing the irony of the “save the towel” movement in hotels at the time. He noticed the vast amount of waste he had come across throughout the rest of the hotel, where there were no visible signs of eforts being made to become more sustainable. He said that instead,

What is Greenwashing? Greenwashing is essentially when a company or organization spends more time and money on marketing themselves as being sustainable than on actually minimizing their environmental impact. It’s a deceitful advertising method to gain favor with consumers who choose to support businesses that care about bettering the planet. Greenwashing takes up valuable space in the fght against environmental issues, like climate change, plastic ocean pollution, air pollution and global species extinctions.

It’s simple being seen as ethical drives proftability. A report by McKinsey found that Gen Z (people born roughly between 1996 and 2010) are more likely to spend money on companies and brands seen to be ethical. Another, Nielson’s Global Corporate Sustainability Report, found that 66% of consumers would spend more on a product if it comes from a sustainable brand, and that jumps to 73% among millennials. Therefore, companies have a fnancial incentive to be more socially conscious, or at least appear to.

It is very likely that this company intended to be eco-friendly, but was caught out due to their lack of research on what actually constitutes as sustainable materials. This is why it’s so important for companies to do meaningful research on how to be sustainable and apply it to all stages of their operations, not only what consumers see.

Why Do Companies Engage in Greenwashing?

In 2018, Nestlé released a statement saying that it had “ambitions” for its packaging to be 100%

What Are Some Examples of Greenwashing?

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 BONUS the hotel was simply trying to reduce costs by not having to wash towels as much but while trying to market it as being eco-friendly.

Unfortunately, there are many examples of organizations engaging in greenwashing. A classic example is Volkswagen, who admitted to cheating emissions tests by ftting various vehicles with a “defect” device, software which could detect when it was undergoing an emissions test and altering the performance to reduce the emissions level. All of this was while it was touting the low-emissions and eco-friendly features of its vehicles in marketing campaigns. In actuality, these engines were emitting up to 40 times the allowed limit for nitrogen oxide pollutants.

However, another reason that companies engage in greenwashing is far less insidious they simply don’t know that they’re doing it. Many companies just don’t have the expertise to know what is truly environmentally benefcial, and what isn’t. In Australia, a company switched to using “biodegradable” plastic, which technically didn’t fully degrade, but instead just breaks down into smaller parts unless it’s processed in a digester specifcally designed to create the conditions for biodegradation. What the company actually needed was a compostable bag, which is a diferent thing entirely. The consumer afairs watchdog in the country actually fned them to stop selling the product as it was completely false.

Another is the fossil fuel giant BP, who changed their name to Beyond Petroleum and put solar panels on their gas stations, and then came under fre for their green misdirection.

• Watch out for “fufy language,” ie. words or terms with no clear meaning (eg “eco-friendly,” “produced sustainably,” etc)

recyclable or reusable by 2025. However, environmental groups were quick to point out that the company hadn’t released clear targets, a timeline to accompany its ambitions or additional eforts to help facilitate recycling by consumers. Greenpeace reacted to this by releasing its own searing statement, in which it said, “Nestlé’s statement on plastic packaging includes more of the same greenwashing baby steps to tackle a crisis it helped to create. It will not actually move the needle toward the reduction of single-use plastics in a meaningful way, and sets an incredibly low standard as the largest food and beverage company in the world.” In 2020, Nestlé, along with Coca-Cola and PepsiCo, were named the world’s top plastic polluters for the third year in a row.

Half of the world’s disposable plastic has been produced in the last 16 years, and 91% of the plastic produced globally is not recycled. This is why companies making claims to be making “reusable plastic” are so harmful we need to be creating less plastic. It’s all well and good to be creating plastic that is recyclable but the above statistics show that this is meaningless if this plastic is still going to end up in a landfll. Many types of plastic are difcult to recycle, either because countries don’t have the necessary machinery or because people simply don’t have the time/ will to recycle their goods.

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Fortunately, some countries are starting to crack down on marketing that greenwashes. In 2019, Norway’s Forbruker Tilsynet (Consumer Authority) ruled last year that fast fashion brand H&M was under investigation for its supposedly ethical ‘Conscious’ collection. H&M and other fast fashion retailers are renowned for exploiting the vagueness of green terminology to appear more environmentally conscious and sell more clothes. This is a problem, because fast fashion is one of the biggest polluters on the planet, with more than £140 million worth of clothing ending up in UK landflls every year. How Can You Spot Greenwashing and Avoid It?

Finally, in 2017, Walmart paid USD$1 million to settle claims that it sold plastics misleadingly touted as being eco-friendly. In the US, California state law bans the sale of plastics labeled as “compostable” or “biodegradable,” as environmental ofcials have determined such claims are misleading without disclaimers about how quickly the product will biodegrade in landfll.

• Declarations from a company that it is slightly greener than the rest, even if the rest are pretty terrible (eg. BP placing solar panels on its gas stations and saying that it is “working to be more sustainable”)

The SEC War on Greenwashing Has Begun The regulator’s campaign against fund managers profting from exaggerated ESG claims is of and running. June 15, 2022 (https://www.bloomberg.com/news/articles/2022-06-15/the-sec-s-war-against-greenwashing-and-esg-misuse-has-begun) Deutsche Bank raided by authorities over ESG ‘greenwashing’ claims: ‘We’ve found evidence that that could support allegations of prospectus fraud’ May 31, 2022 (https://fortune.com/2022/05/31/deutsche-bank-dws-esg-greenwashing-raid-evidence-seized-whistleblower-fxler/) Asset managers told to clean up greenwashing and net zero claims - Financial regulators clamp down on companies misleading investors by overstating the greenness of their funds - June 29, 2022 (https://www.ft.com/content/f1367ab4-ac6f-486d-8bd2-e7659448055d)

Greenwashing In the News:

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 1 BONUS • “Greening” dangerous products to make it seem safe (eg, “eco-friendly” cigarettes). Using jargon or information that only a scientist could check or understand. • Providing no proof of a claim • Presenting totally fabricated claims or data as fact • Emphasizing one tiny green attribute when everything else is dirty (eg again, BP and their solar panels)

Besides watching out for this behavior from companies, there are also some online tools and search engines, such as Project Cece and Ethical Made Easy, which can help you to fnd sustainable brands, and avoid ones that simply pretend to be sustainable.

• Companies that aren’t transparent or open, and don’t admit to making mistakes

The sustainable landscape today is not like in Jay Westerveld’s time in the 80s we have the means to research brands we invest our time and money in. We have immense power as consumers; we create the landscape that businesses operate in, so where our money goes, their focus goes. We need to make sure that this focus goes towards sustainability. Businesses cannot get away with greenwashing anymore; as the climate crisis accelerates, we simply can’t waste any time in shifting to more eco-friendly practices.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 Welcome to RTSWS Session #2! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and a hobby you enjoy outside of school RTSWS ESG CURRICULUM Session Environmental2 RTSWS COHORT NORMS Let’s review our RTSWS cohort norms. These are the expectations for our RTSWS sessions that we set during session #1. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and towards the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • • _________________________________________________________________________________________________________________________________________________________________________ 18

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 19 LET’S GET Today’sSTARTED!GuidingQuestion: What makes up the environmental pillar of ESG investing? SESSION #2 AGENDA: 1. Welcome 2. Attendance 3. Norms 4. Review Agenda 5. The E in ESG: Environmental 6. Stock Review 7. Project Work Time: Company Research for Janella 8. Whole Group Refection 9. Reminders for Next Session By the end of today’s session, we will be able to name what the E in ESG stands for. We will understand the types of environmental impacts that companies have and how these impact investment decisions. When you hear the word environment, what do you think of? Use the writing and drawing space below to write down ideas or draw what comes to mind when you hear the word environment.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2

How do ENVIRONMENTAL factors impact company value?

(Forbes,

scarcity, deforestation ARTICLE PREVIEW:

“Fortunately, proft incentives—as well as executives’ increasing fears about climate change’s potential negative efect on business operations—are giving companies plenty of reasons to join with citizens and act on climate change.”

When companies fail to consider the efects of their operations, policies and practices on the environment, they can become exposed to fnancial risk.

Examples: Climate

Environmental Impact that relate to a company’s interaction with the physical environment. change, greenhouse gas emissions, air and water pollution, water

Factors

“Reducing Environmental Impact Is Now A Business Imperative” 2020) “Nearly every day, another research fnding, news story or environmental-related disaster piles more evidence on the reality that our planet is in crisis. Climate-driven drought is making dangerous wildfres more common, wreaking havoc on farmers around the world, and threatening hundreds of species with extinction.”

“More and more, the pursuit of similar actions to reduce environmental impact and beneft society will be necessary for businesses to survive, let alone thrive. Consumers are demanding that the companies they patronize do more to be good corporate citizens. They’re speaking with their voices and their wallets, and they’re not inclined to take “no” for an answer.”

“Experts have warned that lack of action could result in alarming hunger levels around the world, mass migration challenges, the collapse of global fnancial markets and other social and economic disasters. Against this backdrop, business leaders are reexamining their organizations’ purposes and priorities.”

• Government or regulatory sanctions • Criminal prosecution • Damage to company reputation • Supply chain disruptions 20 KEY TERM • Fines and penalties • Social capital (i.e. boycotts) • Physical damage to facilities • Loss of productivity

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 21 STOCKS Stocks are shares (pieces) of ownership in a company. KEY TERM When a company positively or negatively impacts the environment, their stock price may fuctuate.

The collection of physical and electronic markets where buyers and sellers can trade shares. It is like a giant, global auction. Most trading happens through stock exchanges.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 STOCK MARKET

The stock market is the sum of all individual stocks and when an individual stock moves, the market as a whole also moves by a tiny amount. Often, the stock market will move up or down because of larger events occuring in a certain country or around the world.

22 KEY TERM

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 23 STOCK REVIEW Company: Apple Ticker: Ticker = A symbol by which stocks are identifed. Tickers are a few letters that distinguish a company’s shares in the stock market. Today’s Stock Price: Date: Up/Down: ( %) 6 Month Trend: x y

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 BRAINSTORM 24 In what ways might Apple impact the environment? Examples: • Example: Apple’s recycling of old technology, lifespan of its’ products and battery disposal

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 25 ENVIRONMENTAL ASPECTS

Today,

From the list below, each student group will choose one company to research for the remaining sessions.

articles

During the fnal RTSWS session (session #5), all groups will present their research and ESG ratings for each company. From the presentations, Janella will choose which company she would like to move forward with investing in.

Company Options (Choose 1): Microsoft Texas Instruments Sherwin-Williams Nike Alphabet (Google) Five Below Mattel Costco Chipotle Exxon Mobil Best Buy Walmart Pfzer Skechers Tesla Apple Nestle Disney McDonalds CocaCola Pepsico Salesforce Oracle Company Decided: ________________________________________________________________________ My Group Members __________________________________________: ________________________ __________________________________________ ________________________

Using the company that your group chooses, you will work together to research that company’s environmental impact. you will specifcally fnd out more about your company’s greenhouse gas emissions impact, waste and pollution, water use and land use. Google, news and company websites to research using a computer or smartphone.

Janella Sims is interested in investing in a company from the list below. She has hired your cohort to research and analyze diferent companies and score their environmental, social and governance impact.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 226 PROJECT: ESG Ratings You Have Been Hired!

You can use

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 27 PROJECT RESOURCES: • Google or Search Engine • Company websites • News articles • https://www.sustainalytics.com/esg-rating • The “Sustainability” Tab in Yahoo! Finance • MSCI: ESG Ratings & Climate Search Tool (https://www.msci.com/our-solutions/esg-investing/esg-ratings-climate-search-tool) 1. Research the diferent environmental aspects below, take notes and jot down your group’s observations. 2. Discuss these notes and observations as a team and provide an overall rating in the 3rd column.

ESG STUDENT SESSION x ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM 28 CompanyMybelownotesAddresearchtoFinanceYahoo!UseImpactEmissionsGasGreenhouseEarth’sofwarmingA-EffectGreenhousethebycausedtroposphereandsurfacedioxide,carbonvapor,waterofpresencetheingassesothercertainandmethane,air.PollutionandWasterecyclingremoval,garbageLandﬁlls,UseWaterlakesrivers,fromwaterofOver-depletionecologicalofcauseleadingaisaquifersandofprosperitytheaffectingdegradation,world.thearoundcommunitieslocalUseLandorpositivelycompanythedoesHownatur?eimpactnegativelyuse,materialandingredientDeforestation,soilonimpactmaterials analysis)andopinionyouronbased(Circle _____________Date:___________Price:________(________%)Up/Down: ESG STUDENT SESSION 2

ESG STUDENT SESSION x ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM 29 3. Conclusion: Use the chart below to CIRCLE your company’s overall ENVIRONMENTAL RATING. ESG STUDENT SESSION 2

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 REFLECTION What surprised you about the environmental impact of companies? REMINDERS FOR NEXT SESSION The next RTSWS session is… Date: _______________________________________________ Time: ____________________________ Before the next session… 30

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 31 YAHOO! FINANCE INSTRUCTIONS Want to create your own Yahoo! Finance login to begin creating your own watchlist of stocks to monitor? My Portfolio - The name for the Yahoo! Finance toolkit that enables you to follow the collected stocks you are interested in tracking. Once you establish stocks to follow through My Portfolio, you will have access to multiple analytics across Yahoo! Finance that will aford greater insight into the stocks you’re interested in. Watchlists - Follow Yahoo! Finance-curated watchlists of related companies, specifc markets or industry sectors. Get the Yahoo! Finance app on your smartphone and other mobile devices: INSTRUCTIONS:https://mobile.yahoo.com/fnance 1. Copy this link into your browser or go to Yahoo! Finance through Google search: https://fnance.yahoo.com/ 2. Click “Sign in” 3. Click “Create an Account” 4. Fill out all the required felds, including your frst and last name, username, password, birthday, and mobile number 5. Click “Continue” 6. Enter the 5-digit verifcation code once you have received it. Click “Verify” and then “Continue” 7. Click “Done” 8. You’re all set. When you click “Done,” you’ll navigate back to the Yahoo Finance homepage, where you can access your profle in the top-right corner www.fnance.yahoo.com

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 How to Add to Your Own Portfolio or Watchlist: 1. Click on “My Portfolio,” then “My Watchlist” then “Add Symbol” 2. Enter the tickers of any stocks you want to track (Example: AAPL for Apple) 3. If you don’t know the symbol, type in the company name and Yahoo! Finance will fnd the ticker for you 4. Each time you select a stock, it will appear in your watchlist Add to Your Portfolio: Apple (AAPL) SPY - An ETF that tracks the S&P 500 (the 500 largest publicly-traded companies in the U.S.) Any other companies you are interested in tracking! 32

Sustainability-Linked Bond

Also known as KPI-linked bonds (where KPIs are key performance indicators related to sus tainability). Unlike traditional sustainable bonds, which have to prove that the capital they raise will be allocated to specifc sustainable projects, sustainability-linked bonds qualify as sustainable because they are issued with a structural component (for example, a coupon) that varies depending on whether or not a defned environmental, social and/or governance (ESG) objective is achieved. Best-In-Class

A bond that specifes its proceeds will be used to have a positive environmental or social impact. Common types include green bonds, social bonds and sustainability bonds.

Worst-In-Class

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM SESSION 2 BONUS Bonus Key Terms:

Use of Proceeds Bond

This term typically refers to the best-rated issuers within a specifc asset class, market or sector, with reference to their exposure to and/or management of ESG risks or a specifc risk, such as climate change.

The IEA is an intergovernmental organization with a broad mandate, including providing statistics and analysis, and advocating for policies focused on enhancing the reliability, aford ability and sustainability of energy. Its membership represents 75% of global energy consumption.

This term typically refers to the worst-rated issuers within a specifc asset class, market or sector, with reference to their exposure to and/or management of ESG risks or a specifc risk, such as climate change. International Energy Agency (IEA)

ESG STUDENT SESSION 2 BONUS 33

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 BONUS

Transition Risk (Climate Change)

The UN Framework Convention on Climate Change, under the Kyoto Protocol, has identifed seven gasses as of particular concern with regard to climate change: carbon dioxide, methane, nitrous oxide, hydrofuorocarbons, perfuorocarbons, sulfur hexafuoride and nitrogen trifuoride.

Climate Change Mitigation

Greenhouse Gas (GHG) Emissions

Emissions of these gasses are typically converted into carbon dioxide equivalent (CO2e) units for reporting purposes.

Avoiding and reducing emissions of heat-trapping greenhouse gases into the atmosphere to prevent the planet from warming to extreme temperatures.

Climate change that is driving a broad global transition towards a lower-carbon economy. This may entail extensive policy, legal, technology and market changes to address mitigation and adaptation requirements related to climate change, which could present risks for investors.

Climate Change Adaptation

Did you hear about the creditor who got bored? He lost interest

Altering our behavior, systems, and—in some cases—ways of life to protect our families, our economies and the environment in which we live from the impacts of climate change.

Weighted Average Carbon Intensity (WACI) A measure of an entity’s carbon intensity, expressed as carbon over sales.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 2 BONUS 35

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM 36 ESG STUDENT SESSION 2 BONUS

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 RTSWS ESG CURRICULUM Session 3 Social Welcome to RTSWS Session #3! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and a leader you look up to RTSWS COHORT NORMS Let’s review our RTSWS cohort norms These are the expectations for our RTSWS sessions that we set during session #1. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • _________________________________________________________________________________________________________________________________________________________________________ • _________________________________________________________________________________________________________________________________________________________________________37

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 LET’S GET Today’sSTARTED!GuidingQuestion: How do stakeholders view the social pillar of ESG investing? SESSION #3 AGENDA: 1. Welcome 2. Attendance 3. Norms 4. Review Agenda 5. The S in ESG: Social 6. Stock Market Review 7. Project Work Time: Company Research for Janella 8. Whole Group Refection 9. Reminders for Next Session Think About It! Before you make a big decision in your life, who are people whose opinions you take into consideration? Why do you choose to take their opinions into account? Can you think of people in your life that have a vested interest in your success and want to see you make positive decisions? These people are called stakeholders. Who are 3 of your own personal stakeholders? 321... 38 Think About It!

Just as you have personal stakeholders in your own life, companies have stakeholders as well.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 39 KEY TERM: STAKEHOLDER An individual or group that has an interest in a company, organization or business Groups in which, without their support, the company would cease to exist. Stakeholders can afect or be afected by the actions (or inactions) of a business, and they can exist both within and outside of a business.

KEY TERM: SOCIAL FACTORS

The impact that businesses can have on their stakeholders can be thought of like a ripple efect. When you drop a rock into a pond, the ripples of the impact expand and reach out well beyond the initial contact spot - sometimes even reaching those standing far away on the shore. Just as a rock creates ripples in a pond, the decisions and actions of businesses have a ripple efect that can extend beyond their company and can afect their customers, stockholders or the community in which they are based.

Today, we will be focusing on the S in ESG or SOCIAL… Factors that relate to how companies manage their relationships with employees, suppliers, customers and the communities where they operate. Social relates to the relationships a company has and the reputation it fosters with people and institutions in the communities where it does business. Every company operates within a broad, diverse society.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 Examples: • Working conditions • Equal opportunities • Human rights • Employee diversity • Health and safety • Child labor and slavery • Community engagement • Philanthropy • Privacy and data security

In the same way that employees and customers care about how a company treats them, investors and regulators increasingly expect businesses to consider the social impact they have. This can be the way they treat suppliers, employees, customers or even how they react to controversial news.

Why do you think it is important for companies to take their social responsibility seriously?

Can you think of ways that companies can be social LEADERS?

When evaluating a company’s social impact, want to consider how it impacts society… both the good and bad.

When making decisions, it is crucial for companies to consider and understand the risks and benefts of their social decisions.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 41 How Do SOCIAL Factors Impact Company Value? When companies fail to consider the efects of their operations, policies and practices on society, they can become exposed to fnancial risk. • Company reputation damages interest of investors • Customers’ respect leads to lower sales • Employee treatment can lead to lower quality employees or cause companies to be understafed • Turnover and low engagement can lead to lower productivity and/or lower quality products • Lawsuits, regulatory fnes or penalties related to workplace safety or discrimination When a company positively or negatively impacts social factors, their stock price may fuctuate. Review Last Week’s Investment Key Terms: Stocks: Shares (pieces) of ownership in a company. Stock Market: The collection of physical and electronic markets where buyers and sellers can trade shares. It is like a giant, global auction. The stock market is the sum of all individual stocks and when an individual stock moves, the market as a whole also moves by a tiny amount. Ticker: The symbol by which stocks are identifed. Tickers are a few letters that distinguish a company’s shares in the stock market.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 STOCK REVIEW Company: Apple Ticker: Today’s Stock Price: Date: Up/Down: (______________%) YTD (Year to Date) Trend: x y 42

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 43 BRAINSTORM What social impacts does Apple have have on its' stakeholders? These can be positive or negative.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 344 NEW INVESTMENT KEY TERMS: NEW INVESTMENT KEY TERM Mutual Fund: A professionally managed fund that pools lots of investors’ money in order to buy a basket of investments.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 45 ETF (Exchange Traded Fund): A collection of stocks and bonds (or other securities) pooled into a single fund. You can buy and sell shares of ETFs on a stock exchange the same way you buy and sell stocks. Although they are very similar to mutual funds, unlike mutual funds, you can trade ETFs throughout the trading day. NEWKEYINVESTMENTTERM

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 Using the company that your group chooses to research and rate for Janella Sims, work together today to analyze that company’s SOCIAL impact. Today, you will specifcally fnd out more about your company’s workforce and diversity, safety management, customer engagement and communities. You can use Google, news articles, and company websites to research using a computer or smartphone. 1. Research the diferent social aspects within the chart. As you do so, take notes and jot down your group’s observations. 2. Discuss these notes and observations as a team and provide an overall rating in the 3rd column. (Use chart on the next page) 3. Conclusion: Use the chart below to CIRCLE your company’s overall SOCIAL RATING. 46workforce & diversity safety customermanagementengagementcommunities PROJECT: ESG Ratings What ’s a mummy’s favorite type of investment security? Cryptocurrency.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM CompanyMy belownotesAddresearchtoFinanceYahoo!Use DiversityandWorkforce inclusionandequitydiversity,theirdoesWhat like?lookculture(DEI) have?companythedoesinitiativesDEIWhat ManagementSafety totakecompanythedoesprecautionsWhat injury?andillnessworkplaceprevent theduringrespondcompanythedidHow pandemic?Coronavirus EngagementCustomer withcommunicatecompanythedoesHow customers? service?customertheirofreputationtheisWhat InvolvementCommunity theirtobackgivecompanythedoesHow community? employeepromotecompanytheDoes engagement?community analysis)andopinionyouronbased(Circle _____________Date:___________Price: ________(________%)Up/Down: 47 ESG STUDENT SESSION 3

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 348 GLOWS AND GROWS GLOWS What went well today? What did you LIKE about today’s session? List three “glows” below: GROWS321 What can be improved on for the next session? What terms or ideas do we need to spend additional time on? List three “grows” below: 123

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 49 REMINDERS FOR NEXT SESSION The next RTSWS session is… Date: ___________________________________________ Time: __________________________ Before the next session… NOTES Reminder: The RTSWS “Wall Street Experience” feld trip is after session #5! Coming soon to your school: RTSWS Spring Mentorship! RTSWS will return to your school in the spring for the Spring Mentorship. You will be paired with a mentor to work on college and career readiness skills. Ready for More? Check out the following page for additional key terms, bonus articles and challenge activities.

Broadly agreed principles that set out minimum standards for the behavior of companies and governments.

Responsible Investment

Principles for Responsible Investment (PRI)

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 350 SESSION 3 BONUS Bonus Key ExclusionsTerms

This refers to excluding certain investments or classes of investment from a portfolio, typically due to business activities that are deemed unethical, harmful or illegal. For example, a portfolio may exclude companies that generate a minimum proportion of their revenue from tobacco or defense. Global Norms

This incorporates the stewardship of client assets, including active engagement with entities (and voting, where appropriate) and relevant advocacy strategies that help contribute to long-term outcome goals. However, the term is often also deployed more narrowly to describe an investment approach which incorporates ESG factors within the investment decision-making process. Stewardship This refers to the responsible allocation, management and oversight of capital to create long-term value for clients and benefciaries leading to sustainable benefts for the economy, the environment and society. Codes exist to ofer guidelines for asset owners, asset managers and service providers seeking to demonstrate good stewardship.

The UN-supported PRI is the world’s leading proponent of responsible investment. It works to understand the investment implications of ESG factors and to support its international network of investor signatories in incorporating these factors into their investment and ownership decisions. More information is available at www.unpri.org.

A prominent example is the UN Global Compact (UNGC), which aims to set out universal standards on issues including human rights, labor, the environment and corruption.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 3 51 DON'T FORGET TO STUDY THE KEY TERMS You will take the post-assessment during RTSWS session #5 to measure your growth in fnancial and investment literacy over the course of the 5 sessions. One top score from each cohort will recieve a $25 gift card prize!

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 Welcome to RTSWS Session #4! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and favorite beverage RTSWS COHORT NORMS Let’s review our RTSWS cohort norms. These are the expectations for our RTSWS sessions that we set during session #1. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • _________________________________________________________________________________________________________________________________________________________________________ • _________________________________________________________________________________________________________________________________________________________________________ RTSWS ESG CURRICULUM Session Governance4 52

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 53 LET’S GET Today’sSTARTED!GuidingQuestion: How does a company’s governance structure support its goals and objectives? SESSION #4 AGENDA: 1. Welcome 2. Attendance 3. Norms 4. Review Agenda 5. The G in ESG: Governance 6. Stock Market Review 7. Project Work Time: Company Research for Janella 8. Whole Group Refection 9. Reminders for Next Session

In 2021, 6.9% of companies were led by female CEOs and 15.1% had female CFOs

The number of women running businesses on the Fortune 500 list hit 41 in 2021, an all-time high. Two Black women were among the group. While 41 is a record, it still means that just over 8% of Fortune 500 companies have women as executive leaders enlarged on next page Only around 10% of portfolio managers— the people most directly responsible for investing your money— are female (Undiversifed)

In 2021, 21% of all S&P 500 directors were racialunderrepresentedfromandethnicgroups (Black, Asian American, Latinx/Hispanic, Native American, Alaska Native, or multiracial) enlarged on next page

Read through the stats below. Circle or highlight 3 that are most surprising or stand out to you the most. In 2021, 6 S&P 500 and Fortune 500 companies had Black CEOs, 40 had Asian American CEOs and Latinx/Hispanic executives led with 20 CEOs While boardrooms are only slightly more diverse than directorsmanagement,topthenumberofBlackincreasedafterthedeathofGeorgeFloyd

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4

Companies that ranked highest in ethnic and cultural diversity were 33% more likely to lead their industries in proftability

54 Think About It!

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 55

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 Research suggests that diversity in the workplace drives employee productivity, fosters creativity, improves problem-solving and increases proftability. CEO, company leadership and boardroom diversity are some aspects that afect the G in ESG or the GOVERNANCE pillar. Today we will be focusing on the G in ESG or GOVERNANCE Governance is the internal system of practices, controls and procedures a company adopts in order to govern itself, make efective decisions, comply with the law and meet the needs of external stakeholders. Examples: • Leadership • Executive pay • Audits • Internal controls • Shareholder rights • Business ethics • Board of directors diversity and structure • Bribery and corruption • Political lobbying and donations • Tax strategy and transparency • Compliance Strong corporate governance promotes investor confdence. KEY TERM: GOVERNANCE 56

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 57 How do governance factors impact company value? • A diverse workforce and leadership team allows companies to beneft from a variety of perspectives • Strong governance guides decision making • Internal controls and audits improve company efciency and improve proft • Data governance and security prevents data breaches and hackers from obtaining access to systems, which in-turn, protects company value • Strong business ethics reduce legal action and regulatory fnes and penalities • Executive pay that is linked to corporate results means the executive is better aligned with stakeholders When a company positively or negatively impacts governance factors, its stock price may fuctuate. Review Last Week’s Investment Key Terms: Mutual Fund: A professionally managed fund that pools lots of investors’ money in order to buy a basket of investments. ETF (Exchange Traded Fund): A collection of stocks and bonds (or other securities) pooled into a single fund. You can buy and sell shares of ETFs on a stock exchange the same way you buy and sell stocks. Although they’re very similar to mutual funds, unlike mutual funds, you can trade ETFs throughout the trading day.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 STOCK REVIEW Company: Apple Ticker: Today’s Stock Price: Date: Up/Down: (______________%) 1 Month Trend: x y 58

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 59 BRAINSTORM What criteria might you use to analyze Apple's governance structure?

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 NEW INVESTMENT KEY TERMS: S&P 500 (Standard & Poor’s 500 Index): An index that tracks the stock price movements of the 500 largest publicly traded companies in the U.S. The S&P is one of the most watched stock market indexes and is considered one of the most important measures of how the U.S. stock market is performing. 60

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 61 SPDR S&P 500 ETF Trust TICKER: Today’s Stock Price: Date: Up/Down: ( _______%) YTD (Year to Date) Trend: x y You can’t invest directly in the S&P itself, but you can invest in exchange-traded funds (ETFs) that track the S&P. Example of an ETF that tracks the S&P 500:

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 As a fnancial advisor for Janella, you and your group will work together today to research your selected company’s GOVERNANCE structure. Today, you will specifcally analyze for Janella that company’s: • Structure and oversight • Code and values • Transparency and reporting • Financial and operational risks You can use Google, news articles and company websites to research using a computer or smartphone. 1. Research the diferent governance aspects within the chart, take notes and jot down your group’s observations. 2. Discuss these notes and observations as a team and provide an overall rating in the 3rd column. (Use chart on the following page) 3. Conclusion: Use the chart below to CIRCLE your company’s overall GOVERNANCE RATING. PROJECT: ESG Ratings structure & oversight code & transparencyvalues&reporting fnancial & operational risks 62

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM CompanyMy belownotesAddresearchtoFinanceYahoo!Use OversightandStructure diversityandstructureDirectorsofBoard Leadership ValuesandCode statementmissionandvaluescorecompany’stheReview andvaluesthewithalignculturecompanytheDoes set?mission Reporting&Transparency goals,itsincompanytheisopenandtransparentHow donations?andlobbyingpoliticaltaxes,audits,setbacks, RisksOperational&Financial theydohow/ininvolvedbeencompanytheHas newproblems,personnelrisk,fraudlawsuits,handle etc.?regulations, Equity&DiversityGender theironwomenofrepresentationhavecompanytheDoes leadership?andboard compensationequalpromotecompanythedoesHow color?ofpeopleandwomenfor_____________Date:___________Price: ________(________%)Up/Down: 63ESG STUDENT SESSION 4

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 What is something new that you learned today? WHOLE GROUP REFLECTION REMINDERS FOR NEXT SESSION The next RTSWS session is… Date: ___________________________________________ Time: __________________________ Before the next session… 64

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 65

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 BONUS SESSION 4 BONUS Challenge Activity How a Chicken Nugget Impacts Our World Visit this website: www.chickencheck.in/faq/sustainability/ Analyze the life cycle of a chicken nugget and how our food decisions impact the environment, society and economy. HOW DO WE GET FROM HERE ➔ TO HERE? 66

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 4 BONUS Create a narrative (story or poem) about the people involved in making a chicken nugget. Refect on the ESG knowledge you learned during RTSWS. Who is involved? How are they afected by the system? What are their values, concerns and priorities? How are they afected environmentally, socially and economically (the three pillars)? 67

Governance:

ESG Investing: Investing which prioritizes optimal environmental, social and governance (ESG) factors or outcomes. ESG investing is widely seen as a way of investing “sustainably”—where investments are made with consideration of the environment and human wellbeing, as well as the economy. It is based upon the growing assumption that the fnancial performance of organizations is increasingly afected by environmental and social factors.

A collection of stocks and bonds (or other securities) pooled into a single fund.

ESG STUDENT SESSION x ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM KEY TERMS GLOSSARY

Factors that relate to a company’s interaction with the physical environment.

Environmental Impact:

The internal system of practices, controls, and procedures a company adopts in order to govern itself, make efective decisions, comply with the law and meet the needs of external stakeholders. Investing:

Mutual Fund:

A professionally managed fund that pools lots of investors’ money in order to buy a basket of investments. Social Factors: Factors that relate to how companies manage their relationships with employees, suppliers, customers, and the communities where they operate. Social relates to the relationships a company has and the reputation it fosters with people and institutions in the communities where it does business. Every company operates within a broad, diverse society.

68 ESG STUDENT KEY TERMS GLOSSARY

The process of buying assets that increase in value over time. Investing can be about spending time or money to improve your own life or the lives of others. In fnance, investing involves putting your money towards companies, real estate or other securities in hopes of reselling later at a high price.

ETF (Exchange Traded Fund):

ESG STUDENT SESSION x ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

Sustainability-Linked Bond

Unlike traditional sustainable bonds, which have to prove that the capital they raise will be allocated to specifc sustainable projects, sustainability-linked bonds qualify as sustainable because they are issued with a structural component (for example, a coupon) that varies depending on whether or not a defned environmental, social and/or governance (ESG) objective is achieved.

69ESG STUDENT KEY TERMS GLOSSARY

Use of Proceeds Bond

A bond that specifes its proceeds will be used to have a positive environmental or social impact.

Common types include green bonds, social bonds and sustainability bonds.

The collection of physical and electronic markets where buyers and sellers can trade shares.

Sustainability

Stakeholder: An individual or group that has an interest in a company, organization, or business.

Also known as KPI-linked bonds (where KPIs are key performance indicators related to sustainability).

Shares (pieces) of ownership in a company.

Stock Market:

Ticker A symbol by which stocks are identifed.

Stocks:

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 Welcome to RTSWS Session #5! • Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and if you could choose anywhere in the world to live, where it would be RTSWS COHORT NORMS Let’s review our RTSWS cohort norms. These are the expectations for our RTSWS sessions that we set during session #1. Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and the materials we use. • Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something. • • _________________________________________________________________________________________________________________________________________________________________________ RTSWS ESG CURRICULUM Session 5 70

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 71 LET’S GET Today’sSTARTED!GuidingQuestion: How do a company’s policies and practices regarding environmental issues, social standards and governance practice impact your overall view of that company? SESSION #5 AGENDA: 1. Welcome 2. Attendance 3. Norms 4. Review Agenda 5. Stock Market Review 6. Post-Assessment 7. Group Presentation Prep Time 8. Presentations 9. Whole Group Refection 10. Field Trip & Spring Mentorship Reminders Did you hear about the creditor who got bored? He lost interest RTSWS SPRING MENTORSHIP COMING SOON! What is the Spring Mentorship? You will be paired with a mentor that you will work with for all 5 sessions. You will work on resume writing, interview skills, self-advocacy, LinkedIn and skills for college and beyond. You can utilize your mentor to help you talk through university and career options as well! Enroll in the RTSWS app

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 STOCK REVIEW Company: Apple Ticker: Today’s Stock Price: Date: Up/Down: (______________%) 12 Month Trend: x y Review Last Week’s Investment Key Terms: S&P 500 (Standard & Poor’s 500 Index): An index that tracks the stock price movements of the 500 largest publicly traded companies in the U.S. The S&P 500 is one of the most watched stockmarket indexes and is considered an important measure of how the U.S. stock market is performing. 72

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 73 SPDR S&P 500 ETF Trust Ticker: Today’s Stock Price: Date: Up/Down: (______________%) 12 Month Trend: x y

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 NEW INVESTMENT KEY TERMS: In discussing how the stock market is performing, we might describe how volatile the market is. Stock Market Volatility The frequency and magnitude of stock price movements or whole market movements, either up or down. The bigger and more frequent the price swings, the more volatile the market is said to be. 74

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 75 In order to measure your growth and knowledge of fnancial and investment literacy from the RTSWS sessions, we are going to take a quick post-assessment to see how much you’ve learned! This is not graded. We just want to know how much your fnancial and investment literacy has grown during RTSWS. This will not be shown to your school or any teachers. Just do your best and take a guess if you do not know an answer! At this time, we are going to begin the post-assessment. During the post-assessment, please remain silent so that other RTSWS students in your cohort can focus and do their best. When you are done with the post-assessment, you will indicate you are complete to the volunteers by tilting your laptop screen down OR placing your phone upside down. 1. Login to your RTSWS App on your phone or a school computer: (app.rockthestreetwallstreet.com/ or us the QR code below) 2. Click on the button labeled “Take the Post-Assessment” 3. You will have 7 minutes to complete the post-assessment. A RTSWS volunteer will let you know when there are 3 minutes remaining and when there is 1 minute remaining. 4. At the end of the test, click “Submit” POST-ASSESSMENT

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 GROUP PRESENTATION PREP TIME 1. Move back into your ESG research groups. 2. Use the organization chart to summarize your ESG research and analysis for Janella from the past 4 sessions. You will gather and summarize the ratings you gave your company on E (session #2), S (session #3) and G (session #4). 3. Finally, you will decide on an overall rating for the company based on each individual portion of ESG. You will present this rating to Janella by explaning your recomendation for her to invest or not to invest in the 4.company.Prepare to present to your RTSWS cohort for 3-5 minutes. Each group member should be assigned a diferent section to present. 76 Where do dogs put their investments? A 401K-9

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 77 ESG Presentation Organization Chart: Company Name Provide a summary of what the company does. What industry is the company a part of? Example: Automobile, Restaurant, Technology) What rating did you give your company for E (environmental) and why? What rating did you give your company for S (social) and Whatwhy?rating did you give your company for G (governance) and Givenwhy?the E, S and G ratings above, what overall rating would you provide the Fromcompany?your research, how has your overall outlook on the company changed? Do you recommend Janella invest in this company’s stock? Why?Why?Why?Why?(Found on page 29) (Found on page 46) (Found on page 62)

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 578 ESG PRESENTATIONS • Each student group will present for 3-5 minutes on the company they analyzed for Janella • Company Name • What does the company do? • What industry are they in? • What rating did you give the company for E? Why? • What rating did you give the company for S? Why? • What rating did you give the company for G? Why? • Given the E, S and G ratings, what overall rating are you giving your company? • Knowing this new information about your company, how has your overall outlook on the company changed? • Students not presenting will take notes on pages 69 and 70 on the fndings and recommendations of the presenting groups.

ESG STUDENT SESSION x ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM 79 JAN - APRIL 2023 ESG STUDENT SESSION 5

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 580 Directions: While other groups are presenting, make note of the other company E, S and G ratings and come up with your own observations from their presentations.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 81 From the presentations today, what is a company you would be interested in being a shareholder for? WHOLE GROUP REFLECTION

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 582 REMINDERS FOR FIELD TRIP The RTSWS FIELD TRIP is… Date: ___________________________________________ Time: __________________________ Prepare a question about the fnance industry to ask during the feld trip! RTSWS SPRING MENTORSHIP COMING SOON! What is the Spring Mentorship? You will be paired with a mentor that you will work with for all 5 sessions. You will work on resume writing, interview skills, self-advocacy, LinkedIn, skills for college and beyond. You can utilize your mentor to help you talk through college and career options as well! How to enroll for RTSWS Spring Mentorship: Go to the RTSWS App to Enroll! Login to your RTSWS app and click “Enroll for Spring Mentorship.”

Explore The World Economic Forum’s connection wheel on ESG topics: https://bit.ly/3AseZf2

Mainstream investors once considered such measures “non-fnancial,” but have come to understand both related risks and opportunities and are demanding more related data.

The amount of ESG information being made available by rating agencies, technology frms, and auditing and consulting frms has exploded as a result, and eforts are afoot to bring more coherence and consistency to it through standards and regulation.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 83 SESSION 5 BONUS World Economic Forum - Strategic Intelligence: ESG

Companies are expanding the metrics they use to defne success well beyond proft and sales. In response to growing concerns among their employees, customers, investors and impacted communities, many frms are making themselves accountable for their Environmental, Social and Governance (ESG) practices.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 BONUS84 World Economic Forum - Strategic Intelligence: ESG Explore The World Economic Forum’s connection wheel on ESG topics:

•

“Many leading companies internalize the externalities by putting a “shadow price” on carbon inside the business (some collect real money as a self-imposed tax). Raising the price on car bon or other inputs drives diferent capital and investment decisions.”

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT SESSION 5 BONUS 85 BONUS ARTICLES Yes, Investing in ESG Pays Of https://hbr.org/2022/04/yes-investing-in-esg-pays-of Published April 13, 2022 by Paul Polman & Andrew Winston KEY POINTS •

“A study from McKinsey Global Institute and FCLT Global showed that companies operating with a true long-term mindset made critical decisions like investing more in R&D and, as a re sult, had 47% higher revenue growth and faster growing market caps. Better tools and think ing can lead to more and better action.” How 2021 became the year of ESG investing”

•

Publishedhttps://www.reuters.com/markets/us/how-2021-became-year-esg-investing-2021-12-23/December23,2021byRossKerberandSimonJesop KEY POINTS

“Investors concerned about climate change and social justice had a bumper year in 2021, successfully pushing companies and regulators to make changes amid record infows to funds focused on environmental, social and corporate governance (ESG) issues.”

•

“Extreme weather becoming more frequent and events highlighting social justice issues, such as the death of George Floyd in Minneapolis police custody, contributed to ESG rising to the top of the agenda of investors, companies and policy makers.”

“Analysis:

•

“Stocks of companies rated highly for their sustainability eforts also notched gains. The MSCI World ESG Leaders’ index has risen 22% so far this year, compared with the MSCI World Index’s gain of 15%.”

“Even when the sustainable choice is more proftable by traditional measures, it doesn’t mean people opt for it. We all have biases in how we make decisions, including thinking in lin ear, non-systemic terms, or going with what’s easy or right at hand. Nobody is immune not CEOs, CFOs, or bankers. Investors may say to themselves, “I know how to make money on investing in fossil fuels, so I’ll keep doing that.”

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT BONUS86 SESSION 5 BONUS Finance Financial Planning & Services Banking & Financial Support Services Investments & Securities Public Finance International Finance Financial Risk Management MBA Business FinTech Economics Accounting Financial Engineering Engineering/Mathematics/Statistics/Physics Computer Science/Information Technology Corporate Business/Law If you’re intrigued by the fnancial markets, stocks, bonds, and other investment vehicles, and you also like to think about numbers, then a fnance major is worth considering. If you’re a student or recent graduate, your fnance skills will help you get hired for these professions. Read on to learn about some of the top jobs for college graduates with a fnance degree. Top Skills Finance Majors Have Finance majors develop analytical skills in order to dissect fnancial statements and appraise the fnancial standing of companies, municipalities, and other entities. They can assess the quantitative and qualitative dimensions of business problems and evaluate the fnancial implications of corporate and individual actions. Graduates with a degree in fnance also acquire the ability to deal with spreadsheets and with other software used to process and represent fnancial data. They learn to present fnancial information to List of Finance & Financial Management Degree Options ARTICLE Best Jobs for Graduates With a Finance Degree Career Options for Finance Majors BY MIKE PROFITA Updated on March 15, 2021

STUDENT BONUS 87

Finance majors with strong writing, organizational, and communication skills can thrive in this role. Investor relations professionals prepare and present fnancial information about their company or corporate clients to investors, analysts, and business media. Investor relations professionals must digest, interpret, highlight, and present information from fnancial statements.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM

Best jobs for fnance degree majors

1. Financial Planner Finance majors learn about a variety of investment vehicles, and this knowledge can help fnancial planners to advise clients about how to manage their fnances. Finance majors can decipher trends in the securities markets and apply this perspective to their planning sessions.

Financial planners must crunch numbers and apply principles of accounting in order to devise plans suitable for individual investors. They also need to inspire trust in people and promote their services. Therefore, fnance majors with strong interpersonal skills and persuasive abilities will be most likely to succeed in this profession.

Salary and Employment Outlook: According to the BLS, fnancial analysts earn an average salary of $81,590, and jobs are predicted to grow at a faster than average rate of 5% through 2029.

Here are some options to consider as you explore careers related to a fnance degree.

Financial analysts build fnancial models and conduct complex quantitative analyses. Financial analysts also produce reports detailing their fndings and present their analyses to other members of the banking or fnance team.

2. Financial Analyst Financial analysts research stocks, bonds, companies, and industries to assist bankers, investors, and corporate fnance ofcers with mergers, acquisitions, and stock/bond oferings, as well as corporate expansions and restructuring. They can capitalize on their fnance major training as they dissect fnancial statements and other fnancial data.

ESG clients and colleagues with varying levels of fnancial sophistication. An academic background in fnance can be applied to a broad range of careers in virtually every industry. Before arriving at a fnal career direction, consider your unique combination of skills, interests, values, and personality traits.

Top 10 Jobs for Finance Majors

3. Investor Relations Associate

Salary and Employment Outlook: According to the Bureau of Labor Statistics (BLS), personal fnancial advisors earn an average salary of $87,850, and jobs are predicted to expand at a rate of 4% through 2029.

Salary and Employment Outlook: According to the BLS, budget analysts earn an average of $76,540, and jobs are predicted to grow by about 3% through 2029.

The analytical and software tools developed through their fnance major training facilitate this

4. Budget Analyst Budget analysts apply principles of fnance to projects and proposals in the business, educational, governmental, and not-for-proft sectors. They analyze budgets and evaluate the fnancial impact of continuing ventures and new ventures. Budget analysts must have refned communication skills because they interview managers in order to gather information for proposals. They also train staf regarding the budget development processes for their organization. Finance majors develop the essential analytical and communication skills needed to become a successful budget analyst.

Entry-level accounting jobs can be gateway jobs leading to corporate fnancial management positions, or leadership positions with non-profts and government agencies.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT BONUS88

Salary and Employment Outlook: According to the BLS, actuaries earn an average salary of $108,350, and jobs are predicted to grow at a much faster than average rate of 19% through 2029.

Students of fnance develop a number of accountancy skills as they learn to analyze business problems with precision and attention to detail, which prepares them for the world of accounting. Just like accountants, fnance majors learn to present fnancial information to clients and colleagues by using charts, graphs, and other visual aids.

Salaryprocess.and Employment Outlook: According to PayScale, early-career investor relations associates earn an average salary of $61,076.

Salary and Employment Outlook: According to the BLS, accountants earn an average salary of $71,550, and jobs are predicted to grow at a rate of 4% through 2029.

5. Actuary Actuaries play a leadership role in fnancially oriented businesses such as insurance, banking, rating agencies, and accounting frms. The fnance graduate with strong mathematical skills is ideally positioned to calculate the likelihood of various events and to assess the fnancial consequences for those outcomes. Just like the fnance major, actuaries manipulate software to perform calculations and represent their fndings. They present their recommendations to managers at their frm and convince others of the soundness of their decisions.

6. Accountant Finance majors learn to construct, interpret, and critique fnancial statements while completing the accounting component of their studies. Thus, they become capable of carrying out complex accounting work in fnancially oriented industries.

Finance majors analyze trends in industries that can impact the ability of organizations to generate the income necessary to repay loans. They have the communication skills necessary for credit analysts to extract information from prospective clients and convey their analyses to colleagues.

9. Commercial Real Estate Agent Finance majors with strong verbal skills and a sales orientation should consider a career as a commercial real estate agent. Commercial real estate agents analyze the business plans and fnancial status of clients in order to recommend appropriate spaces for their enterprises.

Salary: According to the BLS, credit analysts earn a median salary of $73,650.

Credit analysts evaluate the fnancial standing of loan prospects and assess the risks involved with ofering them fnancing. Finance majors learn to appraise the fnancial viability of entities and interpret their fnancial records and data. The investigative mindset of a fnance major would enable the credit analyst to scrutinize the legitimacy of fnancial information furnished by clients.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM ESG STUDENT BONUS 89 7. Credit Analyst

Salary: According to PayScale, commercial real estate agents earn an average salary of about $42,500.

10. Business Teacher Finance majors hone the communication and presentation skills that are essential to the teaching profession. Business teachers tap a broad knowledge of business as they instruct high school students about the fundamentals of accounting, management, marketing, and investments.

Finance majors with a curiosity about the business world and an enthusiasm for business issues are well suited for this role. Individuals who earn advanced degrees in business can also pursue teaching jobs at junior and four-year colleges.

Salary: According to PayScale, business teachers earn an average salary of $41,654.

When listing a property, brokers must estimate the value of the property based on its fnancial potential for prospective buyers. Agents advise clients about options for fnancing property acquisitions and launching new businesses.

8. Attorney Lawyers in many areas of practice, including divorce, product liability, civil litigation, corporate, labor, and securities law, beneft from a knowledge of fnance. Attorneys who investigate fnancial irregularities must read and understand fnancial statements. Lawyers in civil cases need the skills to estimate appropriate compensation for settlements. Research and analytical skills developed by fnance majors enable attorneys to prepare their cases. Presentation skills and knowledge of presentation software help attorneys to deliver arguments and prepare exhibits.

Salary and Employment Outlook: According to the BLS, lawyers earn an average salary of $122,960, and jobs are predicted to grow by about 4% through 2029.

ESG STUDENT WORKBOOK | WWW.ROCKTHESTREETWALLSTREET.COM WEBSITES Rock The Street, Wall Street website • www.rockthestreetwallstreet.com Rock The Street, Wall Street LinkedIn Page • www.linkedin.com/company/rock-the-street-wall-street RTSWS Internship & Job Portal • www.rockthestreetwallstreet.com/internship-job-portal Career Girls • www.careergirls.org Girls Who Invest • www.girlswhoinvest.org Napkin Finance • www.napkinfnance.com Investopedia • www.investopedia.com Yahoo! Finance • fnance.yahoo.com The College Investor • www.thecollegeinvestor.com/audio-show PODCASTS The Fairer Cents: Women, Money and the Fight to Break Even • www.thefairercents.com NPR’s Planet Money • www.npr.org/sections/money HERMONEY • www.hermoney.com/t/podcasts Money Nerds • www.themoneynerds.com So Money with Farnoosh Torabi • www.podcast.farnoosh.tv GOVERNMENT Janet Yellen • www.home.treasury.gov/about/general-information/ofcials/janet-yellen Gender Policy Council • www.whitehouse.gov/gpc Women in Public Finance • www.wpfc.com/ RESOURCES ESG STUDENT RESOURCES90

MAKE SURE YOU DO THE FOLLOWING: • Register for RTSWS Spring Mentorship * Share with us any job shadowing / internship opportunities or job ofers you may receive. Whether it is this year or any following years, we always want to share in your success! • Join the Rock The Street, Wall Street Student and Financial Pro Networking Group | www.linkedin.com/groups/7029520/ • Check out our RTSWS Internship & Job Portal www.rockthestreetwallstreet.com/internship-job-portal • Check out resources on our RTSWS Connects page for students and alumnae | rockthestreetwallstreet.com/students-alumnae/ • Tell us your Student Story! We want to hear from you! Email us at: programs2@rockthestreetwallstreet.com CONGRATS! You successfully completed the Rock The Street, Wall Street Program! GIRLSROCKFINANCE

RTSWS COPPER (ESG) STUDENT CURRICULUM 2022

Articles inside

Article: Careers in Finance

Session #5 BONUS

Post-Assessment

Reminders for Field Trip

Agenda

Welcome & Norms

KEY TERMS GLOSSARY

Key Terms

Project: Company Research for Janella

Think About It: Governance Stats

Project: Governance Research Chart

Agenda

Welcome & Norms

Session #3 BONUS

Project: Social Research Chart

Session #2 BONUS

New Investment Key Terms

Key Terms

Project: Company Research for Janella

Welcome & Norms

Project: Environmental Research Chart

Yahoo! Finance Instructions

Agenda

Key Terms

Agenda

Session #1 BONUS

Key Terms

Welcome & Norms

RTSWS Cohort Norms

Pre-Assessment