In alignment with its corporate project Shape Music for Good, Believe continued to promote gender parity in the music industry during the quarter. Believe hosted for the second year in a row the Gender Equality Hub at the Reeperbahn festival in Hamburg (Germany) in partnership with Keychange, the pioneering international initiative aiming at creating a more gender representative and inclusive music industry for present and future generations. The Hub offered masterclasses with key industry leaders who shared their expertise and encouraged women and other underrepresented groups in the music industry to be seen and to become part of the Keychange initiative. Faithful to its driving force of fairness, the Group launched in September its first collective employee shareholder scheme, which provides employees with the opportunity to be directly associated with the future of Believe. Participation rate reached 40% in the six countries where the plan was implemented and 57% in France. Believe’s commitment to its corporate social responsibility resulted in better ESG performances compared to its industry peers, as reflected by its metric "Gender Equality Index” for France (99/100) and its AA MSCI ESG rating, the highest level reached within the Media index.