Screening is used as an additional data point in the investment decision making process. Westfield does not mandate general rankings or scores on any financial factors for our current or prospective portfolio holdings as we rely on our seasoned investment professionals to conduct fundamental research within their respective areas of expertise. Similarly, the Director of ESG Research does not seek to invest in companies that simply reach a certain ESG score as defined by a third party service provider; rather, he often meets with a company’s Chief Sustainability Officer (CSO), or other members of the company management, to determine how they are embedding ESG efforts into their business strategy. Westfield’s ESG research does not stop at figuring out why a company is incorporating ESG factors into their business model; rather, we take the next step by asking questions about and focusing on the economic impacts of sustainability initiatives and how these issues will impact the company’s growth prospects and bottom line.