We continue to strengthen the governance and oversight of climate and ESG risks. Our investment teams are at the core of our governance process and bear the primary responsibility for identifying, analysing, and integrating financially material ESG and climate considerations. In addition, we have established independent oversight mechanisms. Our ESG Oversight Committee, chaired by our Chief Responsibility Officer, provides effective oversight over ESG investment processes including portfolio design, portfolio management, various ESG data and toolsets, risk and compliance activities, as well as non-investments oversight over ESG processes including reporting and ESG disclosure. Other independent functions provide oversight for their respective areas of governance, and escalate any concerns to the ESG Oversight Committee, which can, in turn, escalate concerns to the Janus Henderson Executive Committee (ExCo): - Front office controls and governance: ongoing assurance that alignment with documented sustainability commitments can be evidenced where automated controls and/or third-party data are not available - Compliance: portfolio- and issuer-level monitoring of implementation of ESG and climate commitments - Financial risk team: portfolio-level oversight and climate and ESG risks Lastly, the Janus Henderson Group Board of Directors provides top-level oversight of climate and ESG risks. Our Chief Responsibility Officer provides quarterly updates to the Governance and Nominations Committee on both operational and investment issues. More details on our approach to the governance and oversight of climate and ESG risks can be found in our firmwide TCFD report.