Environmental, Social and Governance (“ESG”) are fundamental non-financial factors that can materially impact the success of a company. Valor acknowledges the need to recognize and apply environmental, social and governance considerations and incorporate them globally as part of the strategy and operation of the company. Valor seeks to promote and solidify the realization of its company goals by taking into consideration the effects of ESG, with a view toward long-term sustainable success for the company and all of its stakeholders. Valor recognizes the specific effect ESG can have on a company's strategy, operations and investments. As well as the effect that it can have on stakeholders associated with the company. In order to fully realize the value associated with ESG in our management processes, Valor maintains a strong commitment and adherence to legal and ethical conduct and standards.