Resolution Capital has a long history of taking a responsible approach to investing and places paramount importance on protectingits clients’ interests. Resolution Capital has been a signatory to the PRI (www.unpri.org) since 2010 and a participant in the UNGlobal Compact since 2019.

Environmental, Social and Ethical (incorporating corporate governance) (‘ESG’) considerations are an integral part of ResolutionCapital’s investment philosophy. Resolution Capital believes these initiatives benefit the broader community and that strong ESGpractices of the companies in which the Fund invests are likely to be additive to their performance and lead to investors ultimatelybeing rewarded through superior investment outcomes.

Resolution Capital integrates ESG considerations into its investment process to align itself with the six Principles of the PRI andincorporates ESG factors in stock analysis and as discussion points for broader engagement activities. Examples of ESG riskswhich may be considered by Resolution Capital include poor workplace health and safety, high carbon emissions and poorcorporate governance. Resolution Capital’s ESG risk integration approach is primarily focused on assessing and managing the potential financial impact (e.g. reduced future cashflows and/or permanent impairment of asset value) resulting from ESG risks oninvestment assets. When reviewing potential investment opportunities for the Fund, Resolution Capital will assess the risk of apermanent loss of capital due to an ESG risk by identifying events that could occur as a result of an asset’s exposure to materialESG issues.

In terms of the extent to which the ESG considerations are taken into account, Resolution Capital has a framework it uses toassess ESG but does not apply a set methodology for taking such ESG considerations into account. Resolution Capital does notuse a weighting system to apply a weight to the standards and considerations.

Resolution Capital does not have a specific methodology for how labour standards considerations are taken into account in theselection, realisation and retention of the Fund’s investments. In practice, Resolution Capital records labour disclosures whereavailable, and takes into consideration responsible investment and labour standards frameworks, including UN Principals ofResponsible Investment, UN Global Compact and UN Guiding Principles on Business and Human Rights to the extent they have afinancial impact on the Fund’s investment.

The integration of ESG into the investment process is also supplemented by Resolution Capital’s engagement policy and activities,which are designed to optimise their ability to affect outcomes and enhance investment decision-making. Resolution Capital’sengagement activities include proxy voting. It is the policy of Resolution Capital to vote on all proxy resolutions it has the ability tovote on.

The Resolution Capital polices relating to the manner in which ESG considerations are incorporated into the investment processcan be accessed on www.rescap.com/esg/ or free of charge by contacting Resolution Capital on 1300 737 240.

The Resolution Capital Global Listed Infrastructure Fund - Class B (Hedged) (the ‘Fund’) is focused on companies which own physical assets or concessions which provide essential services. This may include water and electricity utilities, renewables, airports, toll roads, ports, railroads and telecommunications infrastructure. These assets typically have high barriers to entry, require significant capital investment as well as generate long dated and predictable cashflows.