Standard Life BlackRock Global Equity pn

Sustainable, Responsible &/or ESG Policy:

Objectives and Investment Policy

The Fund aims to provide a return on your investment (generated through an increase in the value of the assets held by the Fund and/or income received from those assets) over the medium to long term (3 to 5 or more consecutive years beginning at the point of investment), whilst incorporating the environmental, social and governance (ESG) commitments described below.

The Fund invests globally at least 70% of its total assets in the equity securities (i.e. shares) of companies domiciled in, or whose main business is in, developed markets. The Fund may also invest in emerging market companies.

Investment decisions are based on the fundamental research of the investment manager (IM) focusing on company-specific analysis that seeks to identify and select equity and equity-related securities that can, as a portfolio, deliver the Fund’s investment objective. The Fund’s portfolio is expected to be concentrated (i.e. a less diverse portfolio).

The IM may use derivatives (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective, to reduce risk within the Fund's portfolio, reduce investment costs and generate additional income (though the use of derivatives to help achieve the Fund's investment objective will be limited).

The ESG commitments applied by the IM when seeking to achieve the Fund's investment objective comprises: (i) applying the BlackRock EMEA Baseline Screens and other exclusionary screens; (ii) applying the proprietary methodology described below; and (iii) seeking to reduce the carbon emission intensity score of the Fund relative to the MSCI World Index (Index). These ESG commitments apply to direct investment in corporate issuers only and do not apply to other investments held by the Fund for liquidity purposes (however, this exposure will not exceed 20% of the Fund's total assets).

The IM identifies the investible universe by first applying the BlackRock EMEA Baseline Screens and other exclusionary screens. The IM will exclude direct investment in corporate issuers whose MSCI ESG rating is CCC and limit and/or exclude (as applicable) direct investment in issuers which, in the opinion of the IM, have exposure to, or ties with, certain sectors. Further details of these screens are set out in the Fund’s prospectus. They include, amongst others, the BlackRock EMEA Baseline Screens, for further details of which please refer to the BlackRock website at https://www.blackrock.com/corporate/literature/publication/blackrock-baselinescreens-in-europe-middleeast-and- africa.pdf

For those companies that remain eligible after application of these screens, the IM uses third-party research and its proprietary framework to create a portfolio comprised of the following categories of companies: (a) sustainability enablers (companies that derive greater than 20% of their revenue from products or services which are aligned with the sustainability themes described in the prospectus); (b) environmental improvers (companies that the IM has identified as having the potential to reduce their contribution to climate change); and (c) emerging enablers (companies which do not at the point of investment meet the 20% revenue threshold under (a), but where the IM believes based on engagement and/or data, that the company will meet such threshold within 3 to 5 years).

The Fund also actively aims to achieve, in respect of only the corporate issuers (i.e. companies) in which it invests, a carbon emission intensity score that is 20% lower than the Index. The calculation includes scope 1 and 2 GHG emissions but excludes scope 3 GHG emissions.

(Source: KIID, as at January 2026)