While ESG has always been a part of our heritage, our investment in the development of R-Factor™ (short for “Responsibility Factor”), a proprietary ESG scoring system, represents our view that ESG issues will only become more important over time. R-Factor™ is designed to measure the performance of a company’s business operations and governance as they relate to financially material ESG issues facing the company’s industry; address market infrastructure challenges around ESG data quality; and give companies a road map to implement and improve disclosure of financially material ESG data to all investors.