In 2016 BlackRock provided training on ESG incorporation through product team and investment team consultations and conversations, external research providers, and independent organizations with unique insights into specific sustainability topics. These sessions were led by subject matter experts from various teams, including investment stewardship, portfolio analytics, and product development. Feedback has been positive, and there have been requests for additional training. We continue to develop our approach to training on ESG incorporation and introduce new sources to keep current with sustainability trends and market developments. Some employees will take the Sustainability Accounting Standards Board’s Fundamentals of Sustainability Accounting credential in 2017, and we note the CFA Institute's body of knowledge--which many of our employees study to pass the CFA exams--has expanded ESG coverage.