At Goldman Sachs Asset Management, we believe environmental, social, and governance (ESG) factors are important tools for identifying investment risk and capturing opportunity. Our investment teams across equities, fixed income, liquidity and alternatives may analyze ESG information in a manner consistent with their investment style and specific strategy guidelines. ESG factors may be utilized to set exclusions, drive tilts, or seek to select securities with strong ESG ratings. In addition, for our clients who want to benefit from and accelerate trends toward greater sustainability, we are committed to helping our clients deploy their capital in a manner that is impactful and financially sound. As of June 30, 2021, Goldman Sachs Asset Management supervises $273 billion in strategies where ESG or sustainability factors are an important component, and $97.5 billion in separate accounts with values-driven screens, bringing our total fee-based assets under supervision to $370.5 billion in ESG and impact strategies.