We strive in our daily practices to invest responsibly, strengthen our local communities, and create a diverse and inclusive work environment. We continued to help our clients advance their objectives by: — Developing a framework for an internal, proprietary ESG rating system for corporate fixed income investments, offering investment teams a valuable tool in their assessments of opportunities and risks — Exploring new tools for evaluating climate change and transition risk present in portfolios — Enhancing our reporting and operational capabilities to support clients in their ability to tailor their strategies through the use of exclusion lists PPM believes integrating material environmental, social and governance factors into our investment process is important – for our clients and for our communities. Our investment teams have long considered ESG factors in their analyses, acknowledging the material impact these factors may have on the long-term risk and return of our investments. Our internal ESG score uses industry data points and internal materiality weightings determined by each analyst.