Nature Action 100 does not require or seek collective decision-making or action with respect to acquiring, holding, disposing and/or voting of securities. Investor participants are independent fiduciaries responsible for their own investment and voting decisions and must always act completely independently to set their own strategies, policies and practices based on their own best interests. The use of particular engagement tools and tactics, including the scope of participation in Nature Action 100 engagements, is at the discretion of individual investors. Participants may not claim to represent other participants or make statements referencing other participants without their express consent. Any decision by participants to act with respect to acquiring, holding, disposing and/or voting of securities shall be at their sole discretion and made in their individual capacities and not on behalf of Nature Action 100, its partners or their other signatories or members. 

Nature Action 100 participants will not be asked to provide and are responsible to ensure that they do not disclose or exchange, to either Nature Action 100, investor network entities, other participants, or other participants at Nature Action 100 events, strategic or competitively sensitive information. Competitively sensitive information includes all information that could significantly affect competitive processes and should not be shared with a competitor, including price and discount information, costs, research and development plans, commercial and strategic plans, investment plans, and information on employee compensation and benefits. 

Nature Action 100 participants must not coordinate views or their actions in such a way that could restrict competition (e.g., a joint refusal to deal with a specific company or companies) or result in participants facilitating the exchange of competitively sensitive information among companies, or the investment companies acting in concert (this includes the one-way disclosure of information). Even the exchange of information can achieve the same end as, or be viewed as evidence of, an unlawful agreement. It is important to avoid exchanging information which might result in, or give the appearance of, a breach of corporate or competition law.   

Nature Action 100 and its partners do not act or speak on behalf of each other or Nature Action 100 investor participants. They also do not seek directly or indirectly, either on their own or another’s behalf, the power to act as proxy for a security holder and do not furnish or otherwise request or act on behalf of a person who furnishes or requests, a form of revocation, abstention, consent or authorization. In addition, Nature Action 100 does not provide investment or voting recommendations. Nature Action 100 and its partners do not provide investment, legal, accounting or tax advice. Nature Action 100 and its partners do not necessarily endorse or validate the information contained herein. 

The terms of engagement, responsibilities, rights and other information contained elsewhere herein are intended to be interpreted in a manner consistent with the foregoing.