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ESG Data Integrity: Where an index administered by the Index Administrator pursues environmental, social or governance (ESG) objectives, the Index Administrator is, wholly or in part, reliant on public sources of information and other third party sources. Further, the ability of the Index Administrator to verify such objectives may be limited by the integrity, quality, and detail of the data available in respect of the underlying constituents at the relevant point in time and the status and evolution of global laws, guidelines, regulations, and market practice in relation to the preparation, tracking and provision of such data. Therefore, such disclosures are made on a commercially reasonable efforts basis and are subject to change. In particular, new laws, guidelines or regulations may be introduced in relation to the methodology used to provide corporate ESG ratings which could impact the Index Administrator’s ESG index score and the relevant screenings and exclusions and cause them to change. ESG data may be inconsistent across providers. The Index Administrator’s ESG index score, relevant screenings and exclusions and related disclosures are also subject to change as a result of periodic reviews conducted by the Index Administrator in relation to the sources of ESG data.
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