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DISCLAIMER: Solicited and unsolicited ratings issued by Ecomate S.R.L are: (a) based on the counterparty company data available in the National Business Register at the time of issuance; (b) based on an open-standard governed by a decentralized crowdsourced technical-scientific committee; (c) processed by our AI against counterparty's input for potential fraud and/or negative events; (d) discretionally reviewed by either a trained AI-analyst and/or a human analyst; (e) not a forecasting model and should be only considered as an opinion on how distant the counterparty is from European Union sustainability guidelines and regulations, standards and objectives included in the environmental, social, economic and EU Strategy and Policy 2030-2050, namely that the counterparty company may not be able to face its compliance terms, reporting obligations or even being under ESG litigation or “ESG default”.

REGULATORY NOTICE: Ecomate S.R.L. is committed to applying to future ESMA (European Securities and Market Authority) regulations supervising EU ESG rating providers. In the absence of supervisory bodies and finalized legislative standards, Ecomate S.R.L. is a self-regulating ESG Rating Agency based on up-to-date, rigorous, independent and transparent methodologies where the indications from ESMA's draft are taken into account.

MIFID2/MIFIR notice: Ecomate S.R.L. does not provide any ESG advisoring activity and its ESG information does not amount to financial, legal or other professional advice, nor does it constitute: (a) an offer to purchase shares in the enterprises referred to; or (b) a recommendation relating to the sale and purchase of related products/services; or (c) a direct recommendation to take any particular legal, compliance and/or risk management decision.