Dear Clients, Partners, and Friends of sustainAX,

Thank you for your trust and collaboration throughout 2025. As the year draws to a close, we would like to briefly reflect and look ahead. 2025 marked important milestones for sustainAX. Our value proposition was increasingly validated through deeper client engagement, new partnership discussions, and extended coverage within the Nordic credit market. Internally, our development and AI capabilities were significantly strengthened with the appointment of our CTO, Waqar Ali Subhani. We were also selected to join the Minc scale-up incubator, benefiting from valuable business and technology-focused coaching. In early 2026, sustainAX enters its sixth year of activity. We look forward to launching several new products, including a new ESG risk research platform designed to scale domain expert analysis through automation and AI, alongside a substantial expansion of our global credit coverage. We would like to thank our clients in particular for their continued confidence and support. Best wishes for the year ahead, The sustainAX team If you would like to discuss ESG risk research for credit portfolios, private equity portfolios, or bank loan book tails, do not hesitate to contact us.