2. Additional disclosures to users of ESG ratings and rated items within the scope of Directive …

(i)

where applicable, scientific evidence and assumptions on which the ratings are based;

(ii)

the relevant key performance indicators per E, S and G factor, and weighting method;

(iii)

in the case of an aggregated ESG rating, the result of the assessment for each E, S and G category of factors, presented in a manner that ensures comparability of the E, S and G category;

(iv)

any potential shortcomings of methodologies, and the measures taken to address those shortcomings;

(v)

policies for the revision of methodologies;

(vi)

when an ESG rating has been upgraded or downgraded due to any material changes to rating methodologies, models, key rating assumptions or data sources (including estimates), the reasons for those changes and their implications for the given rating;

(vii)

date of the last revision of methodologies;

(viii)

where the ESG rating covers the E factor, whether and to what extent the ESG rating is correlated with the percentage of taxonomy-alignment under Regulation (EU) 2020/852, or aligned with other international agreements, together with an explanation of any significant deviations therefrom;

(i)

a more detailed explanation of data sources used, including whether public or non-public, whether subject to assurance engagement, and whether derived from the sustainability reporting standards developed pursuant to Articles 19a and 29b of Directive 2013/34/EU concerning sustainable economic activities and disclosure of information pursuant to Regulation (EU) 2020/852 and Regulation (EU) 2019/2088, including whether and how information on companies’ transition plans derived from such sustainability reporting standards is used;

(ii)

where applicable, the use of estimation and industry average and explanation of the underlying methodology;

(iii)

the policies for updating data and revising historical data, and the date of last updates of data;

(iv)

data quality controls, their frequency and the remediation process if issues arise;

(v)

where applicable, any steps taken to address limitations in data sources;