A series of broad trends is defining the industry in which onValues operates. We describe these trends below and provide a selection of related news items through our regularly updated newsfeed.

Main trends:
   • A large and growing body of academic and industry research confirms that environ-
     mental, social and governance (ESG) issues can impact the financial performance
     of investments
   • Asset owners are therefore increasingly demanding that material ESG issues be
     taken into consideration by the investment industry
   • Such investors believe that the integration of these issues into investment decision-
     making and ownership practices is entirely consistent with the concept of fiduciary duty
   • The majority of institutional asset owners and asset managers believe that ESG
     issues will become increasingly important in the future
   • Investments in clean technologies and other ESG themes are experiencing
     strong growth
   • Financial markets are increasingly aware of the broad risks and opportunities posed
     by climate change and efforts aimed at reducing greenhouse gas emissions
   • Investment research is responding to the demand from asset owners and managers
     for better coverage of ESG issues
   • Investors and their agents are demanding better ESG disclosure and engaging in
     collaborative initiatives aimed at establishing global standards