We provide and make available the publicly accessible portions of our Websites www.lucroranalytics.com and esg.lucroranalytics.com ("the Sites") and the information provided on the Sites (the "Content"), to you, subject to the following terms and conditions contained in this Terms of Sites Use ("Agreement"). By using these Sites, you agree that you have freely and voluntarily entered into this Agreement and have read and understood each and every provision, including, but not limited to, your rights, obligations, and applicable terms and conditions as set forth in this Agreement. If you do not agree to be legally bound by this Agreement, you should exit these Sites immediately.

Information About Us

The Sites are operated by Lucror Analytics Pte. Ltd. ("We" or "Lucror" or "Our" or "Us"). We are registered in Singapore (RC No: 201005735Z) and have our registered office at 20 Cross Street, #02-13/15 Cross Street Exchange, Singapore 048422.

Accessing the Sites

Access to and use of the Sites are available to the person, firm, corporation or other organization entering into this Agreement with us by accepting these terms and, where the context so requires, to you or your authorized users who consent to the terms and conditions of this Agreement. We also provide a subscription-based service (the "Subscription Service") that is accessible through the Sites and through which certain Content (i.e. our reports, documents and other articles) are made available to: (i) registered users who enter into a subscription agreement with us (the "Subscription Agreement") and pay the requisite subscription fees (the "Registered Users"); and (ii) individuals participating in a free-trial of the Subscription Service (the "Free Trial Participants"). If you are not a Registered User or an authorized Free Trial Participant you are not entitled to access the Subscription Service. All users of the Subscription Service shall be subject to the terms and conditions of the Subscription Agreement.

Access to the Sites are permitted on a temporary basis, and we reserve the right to withdraw or amend the service we provide on the Sites without notice (see below). We will not be liable if for any reason the Sites are unavailable at any time or for any period. From time to time, we may restrict access to the whole or parts of the Sites, If you choose, or you are provided with, a user identification code, password or any other piece of information as part of our security procedures, you must treat such information as confidential, and you must not disclose it to any third party. We have the right to disable any user identification code or password, whether chosen by you or allocated by us, at any time, if in our opinion you have failed to comply with any of the provisions of this Agreement.

You are responsible for making all arrangements necessary for you to have access to the Sites. You are also responsible for ensuring that all persons who access the Sites through your internet connection are aware of these terms, and that they accept and comply with them.

Permitted Uses

You may access and view the Sites and print out parts of the Contents for your own information, research or study and for lawful purposes only (the "Permitted Uses"), subject to all terms and conditions of this Agreement.

You shall not do any act or use the Sites in such a manner that might compromise the security of the Sites or cause any damage to the Sites or the Content.

You are prohibited from any use of the Content or Sites that would constitute an illegal offence, give rise to any liability (civil or criminal) or otherwise violate any applicable laws or regulations, or this Agreement.

Except as provided in this Agreement or with our written permission, you may not use, copy, modify, transmit, distribute or derive any work based on any Content, in whole or in part.

Intellectual Property Rights

Lucror Analytics is a trademark (the "Trademarks") of Lucror. The use and reproduction of the Trademarks without our prior written permission is prohibited. Other company, product and service names and logos used and displayed on these Sites may be trademarks or service marks owned by others. Nothing on these Sites should be construed as granting any license or right to use any of the Trademarks or other trademarks displayed on these Sites without the prior written permission in each instance of Lucror and/or the owner(s) of such other trademarks. All goodwill generated from the use of the Trademarks on any web Sites will inure to our benefit.

The Sites and Content including but not limited to text, graphics, Sites design and images are subject to copyright protection. The copyright in the Sites and Contents is owned by Lucror, unless otherwise indicated to be owned by third parties. No part of the Sites or Content may be reproduced, broadcasted, adapted, licensed or sold. Any use of such Content other than for Permitted Uses is expressly prohibited without the prior permission of Lucror and/or the relevant right holder.

If you believe, in good faith, that any Content or part thereof infringes your intellectual property right, please notify Lucror in writing to the address set forth below.

Attn: Mr. Madhav Kapadia Address: Lucror Analytics Pte. Ltd. 20 Cross Street, #02-13/15 Cross Street Exchange, Singapore 048422

Reliance on information posted

The Content including commentaries and other materials posted on the Sites are for information only and not intended to provide any advice or recommendation. You should not rely on the Contents or any part thereof without first making independent enquiries or investigation as to their accuracy or reliability or obtaining professional advice if necessary. We therefore disclaim all liability and responsibility arising from any reliance placed on the Content or any part thereof by any visitor to the Sites, or by anyone who may be informed of any of its contents.

In issuing and maintaining our reports and other Content on the Sites, we rely on factual information we receive from various sources which we believe to be credible. We conduct a reasonable investigation of the factual information relied upon by it in accordance with our methodology, and obtain reasonable verification of that information from independent sources, to the extent such sources are available for a given security or in a given jurisdiction. Users of our Content should understand that neither an enhanced factual investigation nor any third-party verification can ensure that all of the information we rely on will be accurate and complete. The information provided on this Sites is provided "as is" without warranty of any kind and we make no representation or warranty, express or implied, as to the accuracy, correctness, timeliness, completeness, satisfactory quality or fitness for any particular purpose of any such information.

We do not warrant that the Sites or the servers that make the Sites available will be free of virus or harmful components.

The Sites changes regularly

We aim to update the Sites regularly, and may change the Content at any time. If the need arises, we may suspend access to the Sites, or close it indefinitely. Any of the material on the Sites may be out of date at any given time, and we are under no obligation to update such material.

Exclusion of liability

The material displayed on the Sites are provided without any guarantees or warranties whatsoever. To the fullest extent permitted by law, we, other members of our group of companies and third parties connected to us hereby expressly exclude:

All conditions, warranties and other terms which might otherwise be implied by statute, common law or equity.

Any liability for any direct, indirect or consequential loss or damage incurred by any user in connection with the Sites or in connection with the use, inability to use, or results of the use of the websites, any websites linked to it and any materials posted on it, including, without limitation any liability for: (a) loss of income or revenue; (b) loss of business; (c) loss of profits or contracts; (d) loss of anticipated savings; (e) loss of data; (f) loss of goodwill; (g) wasted management or office time; and (h) for any other loss or damage of any kind, however arising and whether caused by negligence, breach of contract or otherwise, even if foreseeable.

If you are dissatisfied with the Sites, your sole and exclusive remedy is to discontinue using the Sites.

Links to other Websites from these Sites

The Sites may provide the addresses of, or contain hyperlinks to, websites operated by persons other than Lucror. Except to the extent those Sites materials are under the control of Lucror, Lucror has not reviewed the linked Sites and does not, whether expressly or implicitly, endorse or approve the contents of such Sites. Such addresses or hyperlinks are provided solely for your convenience and information and the content of the linked Sites does not in any way form part of Lucror's Content. Accessing such Sites or following such link through the Sites shall be at your own risk.

You are solely responsible for determining the extent to which you may use any content at any other Sites to which you link from these Sites. We assume no responsibility for the use of third-party software on the Sites and shall have no liability whatsoever to any person or entity for the accuracy or completeness of any outcome generated by such software.

Information about you and your visits to these Sites

We process information about you in accordance with our Privacy Policy. By using the Sites, you consent to such processing and you warrant that all data provided by you is accurate.

Uploading material to these Sites

You warrant that any such contribution or uploaded material to the Sites complies with acceptable standards in the view of Lucror, and without limiting the generality of the foregoing you shall not contribute unsolicited or unauthorized advertisement and/or material which is offending, harmful, defamatory, obscene, sexually or racially oriented or, in Lucror's opinion, otherwise objectionable.

You shall indemnify us against any loss, liability or damage arising out of any breach of that warranty.

Any material you upload to the Sites will be considered non-confidential and non-proprietary. You also warrant that you have the right to transmit or post such material, and that doing so will not violate the rights of any third party or violate any law.

Subject to the Privacy Policy, we have the right to use, copy, distribute, disseminate and disclose to third parties any such material for any purpose. We also have the right to disclose your identity to any third party who is claiming that any material posted or uploaded by you to the Sites constitutes a violation of their intellectual property rights, or of their right to privacy.

We will not be responsible, or liable to any third party, for the content or accuracy of any materials posted by you or any other user of the Sites.

We have the right to remove any material or posting you make on the Sites if, in our opinion, such material does not comply with acceptable standards in the view of Lucror.

Viruses, hacking and other offenses

You must not misuse the Sites by knowingly introducing viruses, trojans, worms, logic bombs or other material which is malicious or technologically harmful. You must not attempt to gain unauthorised access to the Sites, the server on which the Sites are stored or any server, computer or database connected to the Sites. You must not attack the Sites via a denial-of-service attack or a distributed denial-of service attack.

We will report any misuse or unauthorized access to the relevant law enforcement authorities and we will cooperate with those authorities by disclosing your identity to them. In such event of such a breach, you will also be barred from accessing the Sites immediately.

We will not be liable for any loss or damage caused by a distributed denial-of-service attack, viruses or other technologically harmful material that may infect your computer equipment, computer programs, data or other proprietary material due to your use of the Sites or to your downloading of any material posted on it, or on any other Sites linked to it.

No framing or linking allowed

Except for Permitted Uses, no part of these Sites may be copied or imitated in whole or in part by any means, including but not limited to, the use of framing or mirrors. None of the Content on the Sites may be retransmitted without our express written consent, nor may be used on any other Sites or in any networked computer environment.

Jurisdiction and Applicable Law

The Singapore courts shall have exclusive jurisdiction over any claim arising from, or related to, this Agreement and use of the Sites, although we retain the right to bring proceedings against you for breach of these conditions in your country of residence or any other relevant country.

This Agreement and any dispute or claim arising out of or in connection with them or subject matter or formation (including non-contractual disputes or claims) shall be governed by and construed in accordance with the law of Singapore.


We may revise this Agreement at any time by amending this page. You are expected to check this page from time to time to take notice of any changes we made, as they are binding on you. Some of the provisions contained in this Agreement may also be superseded by provisions or notices published elsewhere on the Sites. Your continued use of the Sites following the posting of changes to the Agreement will mean that you accept those changes.


Failure to insist on strict performance of any of the terms and conditions of this Agreement will not operate as a waiver of any subsequent default or failure of performance. No waiver by us of any right under this Agreement will be deemed to be either a waiver of any other right or provision or a waiver of that same right or provision at any other time.

Nature of Relationship / Severability

No joint venture, partnership, employment, or agency relationship exists between you and Lucror as a result of this Agreement or your utilization of the Sites. If any provision of this Agreement is held unenforceable by a court or tribunal of competent jurisdiction, that provision shall be enforced to the maximum extent permissible so as to effect the intent of the parties, and the remainder of this Agreement shall continue in full force and effect.


You agree to defend, indemnify, and hold us harmless from and against any and all actions (including third party actions and claims), demands, costs, claims, losses, liabilities, damages and expenses, including legal fees on an indemnity basis, arising out of the access to, use or misuse of these Sites by you, or from your breach of any warranty under this Agreement or arising in any manner out of your acts or omissions, whether on your behalf or on behalf of or relating to any third party. We reserve the right to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, without relieving you of your indemnity obligations, and in that event, you agree to cooperate with our defense of the claim.


You acknowledge and agree that Lucror may suspend or terminate your access to and use of the Sites at any time, with or without cause, in our absolute discretion and without notice. The relevant version of this Agreement shall continue to apply to all prior use of the Sites. The following paragraphs of this Agreement shall survive termination of your use or access to the Sites: paragraphs concerning Indemnification, Exclusion of Liability, and any other provision that by its terms survives termination of your use of or access to the Sites.


If you have any concerns about material which appears on the Sites, please contact general@lucroranalytics.com.