b'9 5 2-20 2 Bill Cannon1 2A General Manager of Infrastructure Business GroupN DDB NOYEAs General Manager of SCOAs Infrastructure Group, how have you seen sustainabilitybecome a priority for the different units?Sustainability and sustainable investing is all we do now. It is not just a priority, it is a prerequisite for us to think and analyze prior to moving forward on a potential investment or trading opportunity. As we build out our strategies for the business units in SC Americas, we are shifting more to trying to decarbonize our respective sectors. While renewable energy is pretty straightforward in its CO 2reduction for the electricity sector, we also think about the transportation sector and how we can help rail companies go green.For social infrastructure we are more focused on contributing to society and bringing basic services(water, sanitation, healthcare) to underserved regions.Our annual goals for the Infrastructure group have also changed. While we still need to meet our KPIs andKAIs, and these metrics have evolved from being solely finance driven to now including CO 2reduction goals and D&I goals.You have overseen renewable energy projects over the last decade. How does that connect to our carbonreduction goals?We made our first US renewable energy investment in 2009. Since then we have pivoted Perennial Power to become a clean energy company focused on renewable energy and gas-fired generation to support the integration of renewable ener-gy into the electric grid. Globally, our capital recycling strategy for the power team is to exit our coal-fired generation and reinvest the proceeds into cleaner generation such as wind, solar, hydro or geothermal. Our capital recycling strategy will lead to a reduction of our carbon footprint and allow us to meet our 2050 carbon neutral goals.Weve come a long way in our energy awareness since the 1950s whenwe started, to say the least. What criteria do you look for infrastructure In 2012, SCOA invested in the Desert projects now that we didnt back then, or even just a few years ago? Sunlight Solar Farm (below), a 550-megawatt For all of our investments or trading strategies, we should of course look for the(MW) solar power project under construction in financial impact as we have a responsibility to be good stewards of our share- the California desert, east of Palm Springs.holders capital. But the demands from shareholders (and customers, regulators/ Sumitomos first investment in U.S. solar governments, lenders and employees) have changed since the 50s and we needprojects expanded Sumitomos renewable to demonstrate how our strategy and new investments contribute to society. Are weenergy portfolio, which already included over improving the air people breathe? Are we brining a core necessity like water and1,800 MW in projects across the United States. electricity to underserved markets? Are we pushing new technologies to improveAccording to the U.S. Department of the efficiencies or broadly reduce costs for consumers?Interior, Desert Sunlight is the largest solar The ESG story of a new investment is a critical part of explaining how an opportunityphotovoltaic (PV) facility approved for U.S. fits within our global strategy.public land, and generates enough energy to power more than 160,000 homes and displace Contributing broadly to society and Enriching Lives and the World 300,000 metric tons of greenhouse emissions communicate Sumitomo Corporation of Americas mission and values, but howper yearequivalent to taking 60,000 cars off do you translate those concepts to your team when it comes to their work? the road. The values of Sumitomo to contribute broadly to society and enrich lives and the world are ingrained in everything the Infrastructure Group does. Starting with our strategy we focus on decarbonization of our portfolio and also helping our partners and customers decarbonize. With our new investments or trading arrangements, we look for opportunities where we can bring our value-added strength of decar-bonization or where we can contribute to society through clean drinking water and sanitation services. Our team goals and our personal goals also reflect this emphasis and we strive in our daily activities to reduce costs, enhance value and otherwise benefit our customers. We also consider our ESG values in our daily work, trying to create a collaborative working environment that is inclusive and respectful of our team members opinions. Sumitomo Corporation of Americas 13'