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In our view, AAGB has moderate ESG credentials. On the ‘environmental’ component, AAGB will upgrade it’s already fuel efficient fleet to an even more fuel efficient one. On the ‘social’ component, we believe that this is where AAGB excels. We are especially impressed with AAGB’s support for its staff during the COVID-19 pandemic. That said, we believe that it will be helpful if AAGB appointed at least 1 female director. On the ‘governance’ component, we gather that there is room for improvement.

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