Our primary obligation is to be exceptional stewards of our investors’ capital. In today’s world, this translates not only into delivering strong risk-adjusted returns but also doing so in a manner which formally adopts and integrates proportionate and measured environmental, social and governance (ESG) practices for the benefit of a diverse group of stakeholders. We are particularly proud of the work we have undertaken to measure greenhouse gas (GHG) emissions across our portfolio. We now know the magnitude of financed emissions from our investments for the 2021 calendar year. As the effects of climate change become more visible, it is becoming clearer to us that climate risk is also financial risk. The climate crisis poses a host of different risks to the financial stability of all organizations that need to be anticipated and incorporated into investment decisions. These risks fall under two main categories: “physical risks” and “transition risks.” While some of the identified risks may be unavoidable, understanding and adapting to the distinct and systemic risks posed by the effects of climate change are important first steps to reducing climate risk, and therefore the financial risks associated with climate change. We are encouraged by the improvements we have made to our ESG program in 2022. However, against the backdrop of the heightened focus on ESG and, in particular, on climate change issues, we recognize there is much more work required, in partnership with you, our investors, our management teams, regulators and other important stakeholders. We will continue to prioritize our commitment to being responsible investors and look forward to providing further updates on our ESG activities in the year to come.