Exercise of voting rights by Swisscanto Asset Management International S.A.

Our exercise of voting rights is based on Swiss and international corporate governance rules, generally accepted ESG best-practice standards and the United Nations Principles for Responsible Investment (UN PRI). We publish our voting behaviour promptly after each shareholder meeting and transparently on external link opens new pageswisscanto.com/voting. Our voting guidelines can also be found there.

Engagement Activities of Swisscanto Invest by Zürcher Kantonalbank

As a shareholder, creditor and lender, we actively call on all companies to formulate ambitious CO2e reduction targets and to implement them consistently. We are in continuous dialogue with company management and are involved through the UN PRI collaboration platform and investor initiatives. We promote sustainable business practices that work to protect the environment and climate, promote biodiversity, fair labour practices, non-discriminatory labour and protect human rights, and align with international standards such as the UN's 17 Sustainable Development Goals (UN SDGs), the Science Based Targets Initiative (SBTI) and the Science Based Targets Network (SBTN). We have mandated Sustainalytics to, among other things, anchor our climate message internationally with companies and address risks and violations of the UN Global Compact Principles. The companies are also expected to disclose their climate-related financial risks to investors, lenders, insurers and other stakeholders in line with the recommendations of the FSB Task Force on Climate-related Financial Disclosures (TCFD). We have set out our main beliefs and approach to active engagement in our engagement guidelines.