Dear Valued Client,

We are pleased to inform you that Morningstar Sustainalytics is preparing exciting updates for 2024.

We plan to enhance our ESG Risk Ratings and Corporate Governance products to (1) reshape our focus on financial materiality and ESG issues and (2) enhance our coverage of emerging corporate governance best practices.

We plan to implement these upgrades at the beginning of Q2 2024 and will share additional updates (including more information about how they will be reflected in ESG Risk Ratings and Corporate Governance) by the end of Q3 2023.

Contact Morningstar Support if you have any questions.

Regards,

Your Morningstar Team