QUESTION 1.

Assess the extent of Ethical Sourcing of KMD Brands and Premier Investments based on the disclosures made by the firms.

In assessing the disclosures consider the following:

Why do you think the companies made the disclosures?

Which national and/or global social or environmental issues are addressed by the disclosures?

How do the disclosures address them?

QUESTION 2.

Based on your answers to question 1, do you believe that a change (up or down) in the long-term discount rate of each company is warranted? Indicate the direction of the change (if any) and provide a rationale (including for 'no change')