Blockchain uniquely positioned to provide trust & transparency for ESG claims Basic Principles of Blockchain Transparent • Detailed list of every transaction ever recorded • Anyone can verify (public) or only a chosen group (private) network Blockchain: a digital ledger Immutable with transactions recorded • Each transaction builds on entire history of previous transactions chronologically and verifiably in tamper proof • Cannot “amend” without changing entire blockchain history manner Secure • No single point of failure, as ledger replicated (decentralized) across all computers (nodes) in network • Decentralized nature makes it tamper proof as corruption would require gaining control of >50% of network Ideal use case allows many disparate actors to transact in transparent, trustless manner