747 Capital maintains high ethical standards in its investment process and expects its partners to adhere to similarly high standards. 747 Capital is not an investment product which seeks to promote one or more environmental or social characteristics and does not have sustainable investment as an objective. Its partners are therefore informed that sustainability risks and the adverse impacts of investment decisions on sustainability factors are not relevant for the purpose of the assessment required under the EU’s Sustainable Finance Disclosure Regulation (“SFDR”), considering the lack of information and data available to adequately assess principal adverse impacts of investment decisions on sustainability factors. Nevertheless, 747 Capital takes in consideration various environmental, social and governance (“ESG”) elements in its due diligence process and is pleased to be a signatory to the United Nations Principles for Responsible Investment “UNPRI”, incorporating the UNPRI principles into its investment process, in order to maintain high ethical standards in this process. In accordance with article 4 sub 1 (b) of the SFDR, 747 Capital does not consider principal adverse impacts of investment decisions on sustainability factors as set forth in article 4 sub 1 (a) of the SFDR and, therefore, it does not make the disclosures as described in article 4 sub 1 (a) of the SFDR. The reasons for not publishing such a disclosure are twofold. In the first place, 747 Capital is a small size organization and such disclosure and the administrative burden in connection therewith would not be proportional. Furthermore, 747 Capital considers that it would not have sufficient access to relevant and consistent data on the basis of which it would be able to accurately report on principal adverse impacts of investment decisions on sustainability factors within the meaning of article 4 of the SFDR.