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Second Party Opinion: Jacobs Engineering Group Inc.'s Sustainability-Linked Bond Framework

Guiding Jacobs' sustainability strategy is its commitment to climate action through its customer offerings, carbon neutrality within its operations, and diversity and inclusion (D&I). Jacobs' net-zero targets across scopes 1, 2, and 3 are approved by the science-based target initiative (SBTi). In 2021, Jacobs refreshed its materiality assessment to identify the sustainability topics most relevant to its business and stakeholders, forming its sustainability strategy, PlanBeyond 2.0℠. We believe Jacobs' framework addresses the recommendations under the four elements of CTFH. The company discloses its transition strategy which is overseen by the PlanBeyond Executive Steering Committee and incorporates SBTi initiative approved Science-Based targets across Scopes 1, 2, and 3. We believe the strategy is relevant to the material segments of Jacob’s business as the strategy addresses decarbonization of its core activities. Finally, Jacobs discloses its expected climate-related pipeline and