RPIA Sustainability Report - 2025

Page 17 | RPIA SUSTAINABILITY REPORT 2025

ESG INTEGRATION

OVERVIEW

CORPORATE SUSTAINABILITY

CULTURE & VALUES

Implementing Our ESG Integration Approach

RPIA’s ESG integration approach - our analysis and engagement efforts - applies to all strategies managed by the firm. The approaches and degrees may vary between portfolios based on individual portfolio objectives, strategies, and composition. As we analyze and engage on ESG factors, we consider the three pillars of ESG: (1) environmental factors; (2) social factors; and (3) governance factors, and seek to identify risks and opportunities that are likely to be material to the issuers we invest in over the short, medium, and long term.

Analysis of Issuers As part of our approach to assessing the existence and materiality of the ESG risks and opportunities, we prioritize understanding the context in which an issuer operates. This includes reviewing, among other sources, public disclosures, industry news, and feedback from third-party research organizations and rating agencies. To support our analysis, we deploy our proprietary tool, the RP Barometer, to develop a more comprehensive view of the ESG risks an issuer may face. The RP Barometer incorporates both quantitative metrics (e.g. current data and trends over time) and qualitative inputs that provide insights into how an issuer’s management team and boards identify, manage, and communicate ESG risks, as well as how they demonstrate progress over time. The RP Barometer is designed to supplement our fundamental analysis and includes an evaluation of an issuer’s transition risk and workplace equity. Data outputs from the RP Barometer can also be used to understand the overall ESG performance of the issuers we invest in and can help the investment team identify engagement opportunities. Qualitative inputs to our ESG analysis are important to understand the context of an issuer’s operations.

RP Barometer: Our ESG Analysis Process

Inputs Information from companies through reporting and engagement, data providers, rating agencies, news outlets, etc.

ESG Pillars Categorize inputs under ESG Pillars and Transition Analysis

RP Barometer

ESG Factors Common themes under each ESG Pillar used to categorize areas of focus

Metrics Quantifiable information assessed both on most recent data and trends overtime

Discussion Points Qualitative information to help guide assessment of company’s future management of ESG risks/ opportunities

ESG Assessment

ESG Engagement

We also leverage information from third party research organizations and rating agencies.

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