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[Audio] Congratulations on receiving your Sustainalytics ESG Risk Rating Report for the second consecutive year. The Risk Rating report is licensed for Marketing and Investor Relations use cases that we will explain momentarily. As the Risk Rating report is published in our Sustainalytics Issuer Gateway Platform , lets begin understanding the report..

[Audio] The ESG Risk Rating of Darling Ingredients is 21.1 is considered to have a medium risk of material financial impacts driven by Material ESG Issues:.

[Audio] The Sustainalytics ESG Rating of the company is expressed as summation of the individual risk rating of the MEIs, sorted from highest risk to lowest risk. This sorting allows us to derive a contribution to the Risk Rating from highest to lowest..

[Audio] The Risk Rating is derived from the Exposure and Management score of the MEI. Lets have a closer look on how it works through the Risk Decomposition chart of Carbon – Own Operations..

Material ESG Issues ESG Issues regarded material for the company. Issue Name Carbon -Own Operations Corporate Governance 9.0 High 3.7 Low Human Capital 2.7 Low Human Rights -Supply Chain 2.4 Low Resource Use Occupational Health and Safety 3.2 Low 2.0 Low Business Ethics 3.2 Low 2.0 Low E&S Impact of Products and Services Product Governance Overall Exposure Score I Category Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 strong 70.7 strong 37.5 Average 38.0 Average 61.1 Strong 62.5 strong 52.3 Strong ESG Risk Rating Score I Category 7.2 4.2 4.2 5.3 4.3 4.0 44.4 Medium Medium Medium Medium Medium Medium Medium 4.1 2.3 1.7 1.5 22.4 Medium Low Negligible Negligible Medium Contribution to ESG Risk Rating 18.5% 16.4% 12.1% 10.8% 10.2% 9.0% 9.0% 7.4% 6.7% 100.0%.

Material ESG Issues ESG Issues regarded material for company. Narne Carbon .Own Exposure Score I Categ«y 7.2 b.'eoum Management I Catevy 428 Average ESG Risk Rating Score I 4.1 Medium Contribution to ESG Risk Rating 18.5%.

Material ESG Issues ESG Issues regarded material for company. Narne Carbon .Own Exposure Score I Categ«y 7.2 b.'eoum Management I Catevy 428 Average ESG Risk Rating Score I 4.1 Medium Contribution to ESG Risk Rating 18.5%.

[Audio] The company's exposure to Carbon – Own Operations is deviating 1.2 times from its subindustry exposure of 6, resulting in the exposure of 7.2.

[Audio] Out of the manageable risk of 7.2, the company managed 3.1 that is derived from the management score of Carbon-Own Operations..

[Audio] That is how the risk rating of all the MEIs are calculated..

Material ESG Issues ESG Issues regarded material for the company. Issue Name Carbon .Own Operations Exposure Score I Category 7.2 Meeum Management I Category 428 Average ESG Risk Rating Scote I Category 4.1 Medium Contribution to ESG Risk Rating 18.5%.

[Audio] The company's exposure to Carbon – Own Operations is deviating 1.2 times from its subindustry exposure of 6, resulting in the exposure of 7.2.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

4.1. 7.8. Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.

Exposure Score I Category 7.2 Medium 9.0 High 4.2 Medium 42 Medium 5.3 Medium 3.2 Low 3.2 Low 4.3 Medium 4.0 Medium 44.4 Medium Management Score I Category 42.5 Average 59.1 Strong 37.4 Average 53.0 Strong 70.7 Strong 37.5 Average 38.0 Average 61.1 Strong 62.5 Strong 52.3 strong.