This is the fourth annual Climate report from the RBC Emerging Markets Equity team and is designed to supplement our Responsible Investment report, which we have been publishing annually as a team since 2016. The aim of this report is to provide stakeholders with additional information on climate-related risks and opportunities of the RBC Emerging Markets Equity Strategy (“the strategy”). We believe that companies that invest and plan for the future and focus on a range of material ESG factors, including climate change, have more durable business practices and are therefore more likely to achieve resilient, long-term returns while also avoiding risks. RBC Global Asset Management (“RBC GAM”) has developed a number of climate data tools for measuring and monitoring changes in our portfolio’s climate-related risks and opportunities. Using these tools and other inputs, we can provide climate-related metrics for each of the categories below: Carbon intensity: measuring our portfolio’s scope 1 & 2 carbon intensity relative to the benchmark. Net-zero alignment: this is based on two metrics – the percentage of AUM invested in issuers with net-zero or science-based targets 1 and a temperature alignment below 2°C, based on ITR 2 . Climate-related engagements: our engagement strategy focuses on understanding our companies’ approach to climate change and monitoring their progress. We provide further details in this report. For our full report, please contact RBCGAM-USMarketingTeam@rbc.com .