B. ESG Disclosure Levels
| 1. | VARA has established three different levels of ESG disclosure requirements, which it may add to or amend from time to time— |
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| a. | Voluntary ESG Disclosure; | |||
| b. | Compliance ESG Disclosure; and | |||
| c. | Mandatory ESG Disclosure | |||
| with Voluntary ESG Disclosure being the lowest and Mandatory ESG Disclosure being the highest. |
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