NORTH AMERICAN GENDER EQUALITY INDEX 14 SEPTEMBER 2017

INTRODUCTION.............................................4

METHODOLOGY..................................................5

COMPONENTS........................................................6

KEY INSIGHTS....................................................................9

EQUILEAP RESEARCH...........................................................11

ABOUT US.......................................................................................13

ACKNOWLEDGEMENTS..................................................................14

CONTENTS

Many large companies are making gender diversity a priority for their businesses as substantial evidence suggests that greater gender diversity results in better corporate performance – simply put the investment thesis is strong.

Raj Lala, President & CEO of Evolve Funds

4 5NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017 NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017

INTRODUCTION

Equileap was set up to accelerate progress towards gender equality and cut the 118 years the World Economic Forum currently estimates it will take for equality to be achieved at pre-sent rates of change. It was created in the light of research showing that gender diverse com-panies tend to produce higher financial returns and have lower risk. Equileap believes this is not yet fully accounted for in market pricing, creating an interesting strategy for investors to benefit potentially from a Gender Dividend.

Equal pay and, more broadly, equal opportuni-ties at work are powerful levers to grow global prosperity. A recent report from McKinsey esti-mated that $28 trillion could be added to global GDP by 2025 if full gender equality was achie-ved. This also has the potential to take millions of women and their children out of poverty and move us closer to achieving the Sustainable Development Goals by 2030, as defined by the United Nations. This makes Gender Lens Inves-ting, using a well-researched Gender Equality Index, not just the smart thing to do, but also the right thing to do.

Inspired by the Women’s Empowerment Prin-ciples of the United Nations, Equileap has created an extensive Gender Scorecard (see page 12) which includes 19 criteria of gender balance and gender equality. Equileap has ap-plied this Scorecard to assess the performance of over 3,000 public companies in 23 deve-loped countries, creating a one of a kind, in-depth Database.

Using this research, Equileap has partnered with the index provider Solactive to launch a family of indices tracking companies that deli-ver the best performance on gender equality, composed of Global, European and US ver-sions. This new addition to the family, the So-

lactive Equileap North American Gender Equa-lity Index (the “Index”), was designed with the same methodology, to track the top companies leading the field in terms of gender equality in Canada and the United States. The Index is based on research carried out by Equileap in 2016 and calculated by Solactive.

This Report gives insights into the composition of the Equileap North American Gender Equa-lity Index, which is an important tool for change as well as being an investment strategy. Impro-ving how companies employ and treat women workers in terms of access to jobs, pay, bene-fits and leadership opportunities is a powerful lever to achieve economic equality.

Equileap believes if companies become fairer and more equitable places for women, they have an important role to play in helping to shift the global economy towards increased equality. Additionally, investors have substan-tial power to influence the pace of that change in deciding how to use their funds, and they can lead the way towards these changes, if they can find and invest in those companies waking up to the importance of gender equity.

Overall, there are strong economic and moral reasons to invest in gender balance and gen-der equality. This Index has been created to help guide those looking for practical and ef-fective ways not just to aim to make a return with their investments, but also to make a real difference.

DIANA VAN MAASDIJKChief Executive and Co-Founder

JO ANDREWSDirector of Social Impact and Co-Founder

METHODOLOGY

The starting universe composed of all public companies domiciled in and with their primary listing in Canada or the United States.

To be included in the Index, components need to pass: Standard liquidity criteria: USD 2 billion or

more of market capitalization and USD 5 mil-lion or more of average daily value traded; An ESG screening as defined by Equileap: ex-

clusion of companies which derive the majority of their revenues from the Weapons, Gambling, or Tobacco industries and exclusion of compa-nies on the Norwegian Ethics Council List; An in-depth gender equality screening as

defined by Equileap: companies are ranked on 35 points according to 19 gender criteria. The 19 criteria are grouped in 4 categories listed below:

A. Gender balance in leadership & workforceB. Equal compensation & work life balanceC. Policies promoting gender equalityD. Commitment to transparency and ac-countability

The 150 best scoring companies are selected as the final index components. If several com-panies have the same Equileap Score, they are sorted according to their market capitalization.

The companies were ranked according to their performance on the Equileap Scorecard, based on data collection completed by September 2016. The companies in the Index were selec-ted from a total of 1,156 companies domiciled in Canada and the US (the “North American Universe”).

The Index is equal weighted and published in Canadian dollars. It is reviewed quarterly and re-balanced annually. For more information, please read the Index Guideline. The Index’s legal name is Solactive Equileap North Ame-rican Gender Equality Index (Bloomberg ticker EQUALNA Index).

6 7NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017 NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017

COMPONENTSAS OF 14 SEPTEMBER 2017

ISIN SECURITY NAME COUNTRY SECTOR

US00846U1016 AGILENT TECHNOLOGIES INC UNITED STATES Health Technology

US0138721065 ALCOA CORP UNITED STATES Non-Energy Minerals

US02376R1023 AMERICAN AIRLINES GROUP INC UNITED STATES Transportation

US0378331005 APPLE INC UNITED STATES Electronic Technology

CA0467894006 ATCO LTD -CLASS I CANADA Utilities

US00724F1012 ADOBE SYSTEMS INC UNITED STATES Technology Services

US0527691069 AUTODESK INC UNITED STATES Technology Services

US00817Y1082 AETNA INC UNITED STATES Health Services

CA0089161081 AGRIUM INC CANADA Process Industries

US0200021014 ALLSTATE CORP UNITED STATES Finance

US0231351067 AMAZON.COM INC UNITED STATES Retail Trade

US03349M1053 ANDEAVOR UNITED STATES Energy Minerals

US0441861046 ASHLAND INC UNITED STATES Process Industries

US0304201033 AMERICAN WATER WORKS CO INC UNITED STATES Utilities

US0258161092 AMERICAN EXPRESS CO UNITED STATES Finance

US0605051046 BANK OF AMERICA CORP UNITED STATES Finance

US0718131099 BAXTER INTL. UNITED STATES Health Technology

US0865161014 BEST BUY CO INC UNITED STATES Retail Trade

CA05534B7604 BCE INC CANADA Communications

US1156372096 BROWN-FORMAN CORP-CLASS B UNITED STATES Consumer Non-Durables

US05722G1004 BAKER HUGHES A GE CO LLC UNITED STATES Industrial Services

US09062X1037 BIOGEN INC UNITED STATES Health Technology

US0640581007 BANK OF NEW YORK MELLON CORP UNITED STATES Finance

US1101221083 BRISTOL-MYERS SQUIBB CO UNITED STATES Health Technology

CA0641491075 BANK OF NOVA SCOTIA CANADA Finance

US1729674242 CITIGROUP INC UNITED STATES Finance

US12673P1057 CA INC UNITED STATES Technology Services

US2058871029 CONAGRA BRANDS INC UNITED STATES Consumer Non-Durables

US1510201049 CELGENE CORP UNITED STATES Health Technology

US1255091092 CIGNA CORP UNITED STATES Health Services

US1941621039 COLGATE-PALMOLIVE CO UNITED STATES Consumer Non-Durables

CA1360691010 CDN. IMPERIAL BANK CANADA Finance

US20030N1019 COMCAST CORP-CLASS A UNITED STATES Consumer Services

US2310211063 CUMMINS INC UNITED STATES Producer Manufacturing

US20825C1045 CONOCOPHILLIPS UNITED STATES Energy Minerals

US1344291091 CAMPBELL SOUP CO UNITED STATES Consumer Non-Durables

US17275R1023 CISCO SYSTEMS INC UNITED STATES Electronic Technology

US1264081035 CSX CORP UNITED STATES Transportation

US1567001060 CENTURYLINK INC UNITED STATES Communications

US1924461023 COGNIZANT TECHNOLOGY SOLUTI CL A UNITED STATES Technology Services

CA15135U1093 CENOVUS ENERGY INC CANADA Energy Minerals

ISIN SECURITY NAME COUNTRY SECTOR

US1266501006 CVS HEALTH CORP UNITED STATES Retail Trade

US25746U1097 DOMINION ENERGY INC UNITED STATES Utilities

US2473617023 DELTA AIR LINES UNITED STATES Transportation

US2546871060 WALT DISNEY CO/THE UNITED STATES Consumer Services

US2371941053 DARDEN RESTAURANTS UNITED STATES Consumer Services

US26078J1007 DOWDUPONT INC UNITED STATES Process Industries

US2810201077 EDISON INTERNATIONAL UNITED STATES Utilities

US5184391044 ESTEE LAUDER COMPANIES INC UNITED STATES Consumer Non-Durables

CA29250N1050 ENBRIDGE INC CANADA Industrial Services

US26884L1098 EQT CORP UNITED STATES Energy Minerals

US30161N1019 EXELON CORP UNITED STATES Utilities

US3453708600 FORD MOTOR CO UNITED STATES Consumer Durables

US3456051099 FOREST CITY REALTY TRUST INC UNITED STATES Finance

CA31943B1004 FIRST CAPITAL REALTY INC COM CANADA Finance

US31428X1063 FEDEX CORP UNITED STATES Transportation

US3024913036 FMC CORP UNITED STATES Process Industries

US3696041033 GENERAL ELECTRIC CO UNITED STATES Producer Manufacturing

CA3759161035 GILDAN ACTIVEWEAR INC CANADA Consumer Non-Durables

US3755581036 GILEAD SCIENCES INC UNITED STATES Health Technology

US02079K3059 ALPHABET INC A-SHARES UNITED STATES Technology Services

US3647601083 GAP INC/THE UNITED STATES Retail Trade

US95040Q1040 WELLTOWER INC UNITED STATES Finance

US42809H1077 HESS CORP UNITED STATES Energy Minerals

US40434L1052 HP INC UNITED STATES Electronic Technology

US44107P1049 HOST HOTELS & RESORTS INC UNITED STATES Finance

US4592001014 INTL BUSINESS MACHINES CORP UNITED STATES Technology Services

US4595061015 INTL FLAVORS & FRAG UNITED STATES Consumer Non-Durables

CA4530384086 IMPERIAL OIL LTD CANADA Energy Minerals

US48020Q1076 JONES LANG LASALLE INC UNITED STATES Finance

US4781601046 JOHNSON & JOHNSON UNITED STATES Health Technology

US46625H1005 JPMORGAN CHASE & CO UNITED STATES Finance

US4878361082 KELLOGG CO UNITED STATES Consumer Non-Durables

CA4969024047 KINROSS GOLD CORP CANADA Non-Energy Minerals

US4943681035 KIMBERLY-CLARK CORP UNITED STATES Consumer Non-Durables

US5010441013 KROGER CO UNITED STATES Retail Trade

US5324571083 ELI LILLY & CO UNITED STATES Health Technology

CA5503721063 LUNDIN MINING CORP CANADA Non-Energy Minerals

US55616P1049 MACYS INC UNITED STATES Retail Trade

US56418H1005 MANPOWERGROUP INC UNITED STATES Commercial Services

US5801351017 MCDONALDS CORP UNITED STATES Consumer Services

US58155Q1031 MCKESSON CORP UNITED STATES Distribution Services

US59156R1086 METLIFE INC UNITED STATES Finance

CA56501R1064 MANULIFE FINANCIAL CORP CANADA Finance

US88579Y1010 3M COMPANY UNITED STATES Producer Manufacturing

US61166W1018 MONSANTO CO UNITED STATES Process Industries

US61945C1036 MOSAIC CO/THE UNITED STATES Process Industries

US58933Y1055 MERCK & CO. INC. UNITED STATES Health Technology

US5658491064 MARATHON OIL CORP UNITED STATES Energy Minerals

US5949181045 MICROSOFT CORP UNITED STATES Technology Services

US6200763075 MOTOROLA SOLUTIONS INC UNITED STATES Electronic Technology

CA6330671034 NATIONAL BANK OF CANADA CANADA Finance

US6516391066 NEWMONT MINING CORP UNITED STATES Non-Energy Minerals

0%

5%

10%

15%

20%

25%

30%

Score

0% 9% 27% 36% 45% 55% 64% 73% 82% 91% 100%18%

Avg: 25%

Avg: 56%

8 9NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017 NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017

ISIN SECURITY NAME COUNTRY SECTOR

US6541061031 NIKE INC UNITED STATES Consumer Non-Durables

US6558441084 NORFOLK SOUTHERN CORP UNITED STATES Transportation

US67066G1040 NVIDIA CORP UNITED STATES Electronic Technology

US6907421019 OWENS CORNING INC UNITED STATES Non-Energy Minerals

US6826801036 ONEOK INC UNITED STATES Industrial Services

US6821891057 ON SEMICONDUCTOR CORPORATION UNITED STATES Electronic Technology

US6745991058 OCCIDENTAL PETROLEUM CORP UNITED STATES Energy Minerals

US7244791007 PITNEY BOWES INC UNITED STATES Producer Manufacturing

US69331C1080 P G & E CORP UNITED STATES Utilities

US7134481081 PEPSICO INC UNITED STATES Consumer Non-Durables

US7170811035 PFIZER INC UNITED STATES Health Technology

US7427181091 PROCTER & GAMBLE CO UNITED STATES Consumer Non-Durables

US74340W1036 PROLOGIS INC UNITED STATES Finance

US6934751057 PNC FINANCIAL SERVICES GROUP UNITED STATES Finance

US7443201022 PRUDENTIAL FINANCIAL INC UNITED STATES Finance

US74005P1049 PRAXAIR INC UNITED STATES Process Industries

US7475251036 QUALCOMM INC UNITED STATES Electronic Technology

CA7751092007 ROGERS COMMUNICAT B CANADA Communications

US7611521078 RESMED INC UNITED STATES Health Technology

US7739031091 ROCKWELL AUTOMATION INC UNITED STATES Producer Manufacturing

US7782961038 ROSS STORES UNITED STATES Retail Trade

CA7800871021 ROYAL BANK OF CANADA CANADA Finance

US85207U1051 SPRINT CORP UNITED STATES Communications

US84756N1090 SPECTRA ENERGY PARTNERS LP UNITED STATES Industrial Services

AN8068571086 SCHLUMBERGER LTD CURACAO Industrial Services

US8168511090 SEMPRA ENERGY UNITED STATES Utilities

US8574771031 STATE STREET CORP UNITED STATES Finance

CA8672241079 SUNCOR ENERGY INC CANADA Energy Minerals

US8715031089 SYMANTEC CORP UNITED STATES Technology Services

US00206R1023 AT&T UNITED STATES Communications

CA87971M1032 TELUS CORPORATION CANADA Communications

US60871R2094 MOLSON COORS BREWING CO UNITED STATES Consumer Non-Durables

CA8911605092 TORONTO-DOMINION BANK CANADA Finance

US87612E1064 TARGET CORP UNITED STATES Retail Trade

US8865471085 TIFFANY & CO UNITED STATES Retail Trade

US8725401090 TJX COMPANIES INC UNITED STATES Retail Trade

US8835561023 THERMO FISHER SCIENTIFIC INC UNITED STATES Health Technology

CA8849031056 THOMSON REUTERS CORP CANADA Commercial Services

CA89353D1078 TRANSCANADA CORP CANADA Industrial Services

US9024941034 TYSON FOODS INC UNITED STATES Consumer Non-Durables

US8825081040 TEXAS INSTRUMENTS INC UNITED STATES Electronic Technology

US9113121068 UNITED PARCEL SERVICE-CL B UNITED STATES Transportation

US92343V1044 VERIZON COMMUNICATIONS INC UNITED STATES Communications

US9314271084 WALGREEN BOOTS ALLIANCE INC UNITED STATES Retail Trade

US98138H1014 WORKDAY INC UNITED STATES Technology Services

US9497461015 WELLS FARGO & CO UNITED STATES Finance

US92924F1066 WGL HOLDINGS INC UNITED STATES Utilities

US94106L1098 WASTE MANAGEMENT INC UNITED STATES Industrial Services

CA92938W2022 WSP GLOBAL INC CANADA Industrial Services

US9621661043 WEYERHAEUSER CO UNITED STATES Finance

US98310W1080 WYNDHAM WORLDWIDE UNITED STATES Consumer Services

US9841216081 XEROX CORP UNITED STATES Electronic Technology

KEY INSIGHTS

HOW NORTH AMERICAN INDEX COMPA-NIES MAKE A DIFFERENCE FOR GENDER EQUALITY

Companies in the Index are 3 times more likely to have a gender balanced (40-60%) Executive Board than those companies in the North American Universe which didn’t make it to the Index (the “Non-Index”).

Companies in the Index perform much better on gender equality compared to those in the Non-Index, with a difference of nearly a third in overall scores.

90% of the companies in the Index have a training and career development policy in place for all employees, both men and women, compared to only 21% of the Non-Index companies.

88% of companies in the Index have a social supply chain policy in place (to reduce the social risks in the supply chain), including a commitment not to engage with entities which condone or support trafficking, including for labour or sexual exploitation), compared to 22% of Non-Index companies.

INSIGHTS PER COUNTRY

Proportionately more Canadian companies make it to the Index than US companies, suggesting that their performance on gender balance and equality is better overall (see chart 1).

COMPARISON BETWEEN THE INDEX AND THE NORTH AMERICAN UNIVERSE

Every company in the Index has more to gain from the gender dividend by increasing gender diversity and gaining more points on the Equileap Scorecard. But companies in the Index perform much better on gender balance and equality compared to those in the remaining part of the North American Universe, with a 31 percentage point difference in overall scores.

Equileap Gender Equality Score (in %)

NR. OF COMPANIES IN INDEX

NR. OF COMPANIES IN NORTH AMERICAN UNIVERSE

% OF COMPANIES MAKING IT TO THE INDEX

United States 124 1,058 12%

Canada 22 98 22%

TOTAL 146 1156 13%

NB: Total score is based on the total maximum points for 12 criteria in the Gender Scorecard.

Looking more in detail at the differences between the Index and the Non-Index companies, the breakdown shows that companies in the Index have a significantly higher percentage of women in the Non-Executive board and women in the Executive Board compared to the Non-Index average, whereas the figures for senior management and a gender balanced workforce are not significantly different compared to the remaining companies in the Universe.

Non-Index Index

10 11NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017 NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017

Posts held by women (in %)

NON-EXECUTIVE BOARD

EXECUTIVE BOARD

SENIOR MANAGE-MENT

GENDER BALANCED WORK FORCE

Index 24.0% 21.5% 26.0% 38.3%

Non-Index 16.5% 12.7% 25.4% 34.8%

Only two companies in the Index, Kinross Gold and 3M, have a fair remuneration policy in place. Of the companies which are not in the Index, only one company has such policy in place.

INSIGHTS PER SECTOR

The sectors with the largest representation of companies in the Index are: Consumer, Non-cyclical and Financial.

Companies in the Index per sector (in %)

Focusing on companies in the Index, those in the Financial and Communications sectors score on average highest against the Equileap Scorecard, and those in the Utilities, Energy and Industrial sectors score lowest. This suggests that these sectors have ground to make up both in terms of the number of companies reaching the Index and in their scores when they do. Conversely, the Financial sector does well, both on the numbers of firms reaching the Index and on their overall scores.

Average score of companies in the Index per sector (in % of total available score)

NB: Total score is based on the total maximum points for 12 criteria in the Gender Scorecard.

Consumer, Non-cyclical 18%

Financial 16%

Consumer, Cyclical 12%

Communications 10%

Technology 10%

Energy 10%

Basic materials 9%

Industrial 8%

Utilities 5%

0

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20

30

40

50

60

70

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Consu

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Comm

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Consu

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Tech

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Utiliti

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EQUILEAP RESEARCH

DATA COLLECTION

The Equileap Database was created by collecting publicly available information, as reported by the companies themselves in their annual reports and company filings. Equileap invests a great deal of effort to ensure the accuracy of the data it uses. The material presented is based on publicly available information from company websites and documents, and additional data provided by companies themselves to Equileap and its researchers.

We encourage companies to publish their gender data or policies in their own reports, as transparently as possible, and to reply as fully as they can to Equileap’s inquiries. We have an open invitation to any company to submit its data to the Equileap database at any time, please e-mail research@equileap. org. with proof of policies and practices. The Database is continuously updated as new research and information becomes available.

RESEARCH & RANKING: EQUILEAP GENDER SCORECARD

Inspired by the UN Women’s Empowerment Principles, the Equileap Gender Scorecard is the methodology used to assess and rank companies based on 19 gender equity criteria covering four categories:

The Equileap Gender Scorecard uses a points system to score and rank each company’s commitment to gender equality on a comparative basis. If a company receives zero, for example, for one indicator, this does not necessarily mean that bad practices are present or there is no company action on the issue. Rather, it means that Equileap has been unable to identify this in the company’s own documentation or was unable to get answers to inquiries to the company.

The data used to create the North American Gender Equality Index was collected up until September 2016, At that time Equileap had information relating to 12 of the total 19 criteria on the Gender Scorecard. Since then Equileap has obtained much more independently verifiable data on all 19 points by increasing its research capacity and proactively engaging with companies. We expect to have much more complete data when we rebalance the Index at the end of September 2017.

CATEGORY A. GENDER BALANCE IN LEADERSHIP &

WORKFORCE

CATEGORY B. EQUAL

COMPENSATION & WORK LIFE

BALANCE

=CATEGORY C.

POLICIES PROMOTING

GENDER EQUALITY

CATEGORY D. COMMITMENT TO WOMEN’S

EMPOWERMENT

12 13NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017 NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017

CRITERIA & DEFINITION MEASURE

CATEGORY A GENDER BALANCE IN LEADERSHIP & WORKFORCE

CRITERIA 1 Non-Executive Board Percentage of male and female Board of Directors as a proportion of the total number, as of the fiscal year end wherever

available, otherwise as of the date of the latest filing Where the company has a Supervisory Board and a Management Board, this refers to the Supervisory Board

Gender balance between 10-20Gender balance between 20-40Gender balance between 40-60

CRITERIA 2 Executives Percentage of male and female executives as a proportion of the total number, as of the fiscal year end wherever available,

otherwise as of the date of the latest filing Executives are either defined by the company or represent those individuals that form the company executive committee/

board or management committee/board or equivalent

65 Gender balance between 10-20Gender balance between 20-40Gender balance between 40-60

CRITERIA 3 Senior Management Percentage of men and women employed in senior management positions, as a percentage of total, as of the fiscal year end

wherever available, otherwise as of the date of the latest filing Senior Management are defined and reported by the company.

Gender balance between 10-20Gender balance between 20-40Gender balance between 40-60

CRITERIA 4 Workforce Percentage of men and women employed at the company, as a percentage of total employees

Gender balance between 10-20Gender balance between 20-40Gender balance between 40-60

CRITERIA 5 Promotion & Career Development Opportunities Ratio of each gender in management compared to ratio of each gender in total employees

Ratio between 0-50% Ratio between 50-75% Ratio between 75-100%

CATEGORY B EQUAL COMPENSATION & WORK LIFE BALANCE

CRITERIA 6 Fair Remuneration Demonstrates a commitment to ensure payment of a fair wage to all employees, even in those countries that do not legally

require a minimum wage

Has a fair remuneration policy or equivalent

CRITERIA 7 Equal Pay Commitment to provide comparable wages, hours, and benefits, including retirement benefits for all employees for

comparable work in country of incorporation.

Has published gender segregated pay information in company reports or filingsHas a strategy and/or has acted to close any gender pay gap identified Has a gender pay gap of less than or equal to 3%

CRITERIA 8 Parental Leave Paid leave programs for child and dependent care to both women and men (maternity leave, paternity leave, dependent care)

in country of incorporation

Offers paid primary carer leave to women Offers paid primary carer leave to men

CRITERIA 9 Flexible Work Options Option for employees to control and/or vary the start/end times of the work day and/or vary the location from which

employees work in country of incorporation

Offers flexible work locations Offers flexible work hours

CATEGORY C POLICIES PROMOTING GENDER EQUALITY

CRITERIA 10 Training and Career Development Ensures equal access to training and career development to both men and women

Has an employee training policy

CRITERIA 11 Recruitment Strategy Commitment to ensure non-discrimination against any type of demographic group. This could be in the form of an equal

opportunities policy, as described by the company

Has an equal opportunity policy or equivalent to ensure gender diversity

CRITERIA 12 Freedom from Violence, Abuse and Sexual Harassment Prohibit all forms of violence in the work place, including verbal, physical and sexual harassment

Has an anti-sexual harassment/ anti-bullying/anti-violence policy or equivalent

CRITERIA 13 Safety at Work Commitment to the safety of employees in the workplace, in travel to and from the workplace, and on company related

business, and ensure the safety of vendors in the workplace

Has an employee health and safety policy

CRITERIA 14 Human Rights Commitment to ensure the protection of the rights of all people it works with including employees’ rights to participate in legal,

civic and political affairs

Has a human rights policy

CRITERIA 15 Social Supply Chain Commitment to reduce social risks in its supply chain such as forbid business related activities that condone, support, or

otherwise participate in trafficking, including for labour or sexual exploitation

Has implemented any initiatives to reduce the social risks in its supply chain

CRITERIA 16 Supplier Diversity Commitment to ensure diversity in the supply chain, including a focus to ensure women owned businesses in the supply chain

Has a supplier diversity programme

CRITERIA 17 Employee Protection Systems and policies for the reporting of internal ethical compliance complaints without retaliation or retribution, including but

not limited to access to confidential third-party ethics hotlines or systems for confidential written complaints

Has an employee protection/ whistle-blower policy or equivalent

CATEGORY D COMMITMENT, TRANSPARENCY & ACCOUNTABILITY

CRITERIA 18 Commitment to Women’s Empowerment - Recognition and commitment to ensuring women’s empowerment in the workplace

Is signatory to the UN’s Women’s Empowerment Principles

CRITERIA 19 Audit- Undertaken and awarded an independent gender audit certificated by an Equileap recognized body

Has received one of the three EDGE Certificates

CATEGORY E ALARM BELL

CRITERIA 20 An alarm bell is added to the Company Report, and such company is not included in the index. Companies that within the past two years have had: a) A legal judgement or an official ruling regarding discrimination against any employees, or b) Two or more legal cases brought against them regarding discrimination against any employees, or c) A legal judgement or an official ruling regarding unethical practices in its marketing and advertisement are removed for 1 year.

=

ABOUT US

ABOUT EQUILEAP

Equileap is a social venture that aims to accelerate progress towards gender equity in the workplace as a vital lever in reducing poverty and inequality. It uses the three strategies to do this:

INVEST - It encourages private and institutional investors to diversify their portfolios with a unique set of data and a variety of gender-impact tools.

EDUCATE - It provides key information and organises thematic events to increase gender awareness.

DONATE - It supports women and girls, largely in the global south, with grants and loans to tackle the root causes of gender inequality.

Equileap has developed a comprehensive tool-kit designed to make the gender performance of public companies transparent and comparable, making it possible for firms to see how to improve outcomes, and for investors, wanting to use a gender lens, to obtain clear and well-grounded evidence. With its broad data-set and gender impact tools, Equileap is a unique global resource of information on gender equality in the workplace.

Equileap seeks to use the power of financial markets and investments in companies to create both change and a sustainable source of funding for projects working to break the structural economic inequality women face in poorer economies around the world. Any net profit made by Equileap is passed to the Equileap Foundation, which is the first in the world to be funded with a sustainable flow of grant making resources for women and girls derived from the financial markets.

More information at www.equileap.org.

ABOUT SOLACTIVE

Solactive AG is an innovative index provider that focuses on the development, calculation and distribution of tailor-made indices over all asset classes. As at January 2017, Solactive AG served approximately 350 clients in Europe, America and Asia, with approximately USD 100 billion invested in products linked to indices calculated by the Company globally, primarily via 250 Exchange Traded Funds from a number of well-known providers. Solactive AG was established in 2007 and is headquartered in Frankfurt.

More information at www.solactive.com.

14NORTH AMERICAN GENDER EQUALITY INDEX - SEPTEMBER 2017

ACKNOWLEDGMENTS

Equileap would not exist without the support and help of several organisations and indivi-duals. We would like to thank you all for your input, it has been invaluable.

Stichting Equileap Foundation (8560 58 889) is registered in The Netherlands as a tax exempt organisation. Equileap was set up in 2015 by Diana van Maasdijk and Jo Andrews.

EQUILEAP DISCLAIMER

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Foundation (“Equileap”) (and part of the research was conducted in collaboration

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SOLACTIVE DISCLAIMER

This document contains the underlying principles and regulations regarding the

structure and the operating of the Solactive Equileap North American Gender

Equality Index (the “Index”). Solactive AG shall make every effort to implement

regulations. Solactive AG does not offer any explicit or tacit guarantee or assurance,

neither pertaining to the results from the use of the Index nor the Index value at

any certain point in time nor in any other respect. The Index is merely calculated

and published by Solactive AG and it strives to the best of its ability to ensure the

correctness of the calculation. There is no obligation for Solactive AG – irrespective

of possible obligations to issuers – to advise third parties, including investors and/

or financial intermediaries, of any errors in the Index. The publication of the Index by

Solactive AG is no recommendation for capital investment and does not contain any

assurance or opinion of Solactive AG regarding a possible investment in a financial

instrument based on this Index.

The information in this document does not constitute tax, legal or investment advice

and is not intended as a recommendation for buying or selling securities. Solactive

AG and all other companies mentioned in this document will not be responsible for

the consequences of reliance upon any opinion or statement contained herein or for

any omission.

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