We have incorporated the UBS Proprietary ESG Model in our equity research library platform and developed new tools to flag and share ESG research and track engagement. These tags are monitored on an on-going basis by the Sustainable and Impact Investing ('SI') team. In addition, the SI team fully supports our equity analysts on ESG risks and opportunities for individual company cases or across an entire sector. This feedback loop allows for a comprehensive assessment of companies. Key issues covered include corporate governance, product quality, business ethics, climate change, human capital, supply chain and cybersecurity. These industry specific issues are assessed for their overall potential scale of impact on value drivers for financial performance.