Morgan Stanley

Morgan Stanley Environmental and Social Policy Statement Disclaimer

This Policy Statement sets forth the processes Morgan Stanley follows to mitigate potential impacts of environmental and social risks to our business and to safeguard shareholder value. These include due diligence, escalation, and guidelines for certain sectors and activities.

All prospective transactions and prospective clients are reviewed individually. Decisions under Morgan Stanley’s risk management framework (inclusive of this Policy Statement) are based upon the specific risk factors and mitigants present in each case and are made in compliance with applicable law and regulation.