《可持續(xù)金融披露規(guī)則》（SFDR）的ESG關(guān)鍵負(fù)面指標(biāo)（PAIs）

ROB三CO

TheInvestmentEngineers

PrincipalAdverseImpactStatement

ROBECOINSTITUTIONALASSETMANAGEMENT

June2022

sustainableInvestingExpertiseby

ROBecosAMa.

Contents

1.Summary3

2.Descriptionofprincipaladversesustainabilityimpacts4

3.Descriptionofpoliciestoidentifyandprioritiseprincipaladverseimpacts

onsustainabilityfactors11

3.1Methodologytoidentifyandprioritizeprincipaladverseimpact11

3.2Governance12

3.3Datasources12

4.Engagementpolicies14

4.1CorporateEngagement14

4.2PublicPolicyEngagement15

4.3ProxyVoting15

4.4Adaptionofthepolicies16

5.Referencetointernationalstandards18

5.1ParisAgreement18

5.2UNGlobalCompact,OECDGuidelinesforMultinationalEnterprises

andUNGuidingPrinciplesonBusinessandHumanRights19

5.3Biodiversity19

5.4CorporateGovernance20

6.Historicalcomparison21

Annex1:IntegrationofPrincipalAdverseImpactinSDGFramework22

PrincipalAdverseImpact|2

1.Summary

RobecoInstitutionalAssetManagement(IS8DZW1TZSQ8YPXVRC46)considersprincipaladverseimpactsofitsinvestmentdecisionsonsustainabilityfactorsaspartofitsinvestmentduediligenceprocessandprocedures.Forsustainableinvestmentsthismeansensuringthattheinvestmentsdonosignificantharmtoanyenvironmentalorsocialobjective.

ThepresentstatementistheconsolidatedstatementonprincipaladverseimpactsonsustainabilityfactorsofRobecoInstitutionalAssetManagement.Thepublicationofthisstatementonprincipaladverseimpactsonsustainabilityfactorscoincideswiththefirstreferenceperiodof1January2022to31December2022.ReportingoverthatreferenceperiodontheindicatorsforadverseimpactsofTable1,andanyrelevantindicatorsofTable2and3ofAnnexIoftheSFDRDelegatedActwilltakeplacein2023,followingthemeasurementofthefirstreferenceperiods(Q12022-Q42022).

AsummaryofPrincipalAdverseIndicatorsconsideredbyRobecoispresentedinTable1.

Table1:SummaryofPrincipalAdverseIndicatorsprioritizedbyRobeco

Applicableto

Investeecompanies

Sovereignsandsupranationals

Theme

Climateandotherenvironment-relatedindicators

Socialandemployee,respectforhumanrights,anticorruptionandantibriberymatters

Climateandotherenvironment-relatedindicators

Socialandemployee,respectforhumanrights,anticorruptionandantibriberymatters

PAIindicator

GHGemissions

Carbonfootprint

GHGintensityofinvesteecompanies

Exposuretocompaniesactiveinthefossilfuelsector

Shareofnon-renewableenergyconsumptionandproduction

Energyconsumptionintensityperhighimpactclimatesector

Activitiesnegativelyaffectingbiodiversitysensitiveareas

Emissionstowater

Hazardouswasteratio

Investingincompanieswithoutcarbonemissionreductioninitiatives

Deforestation

ShareofbondsnotcertifiedasgreenunderafutureEUactsettingupanEUGreenBondStandard

ViolationsofUNGlobalCompactprinciplesandOrganisationforEconomicCooperationandDevelopment(OECD)GuidelinesforMultinationalEnterprises

LackofprocessesandcompliancemechanismstomonitorcompliancewithUNGlobalCompactprinciplesandOECDGuidelinesfor

MultinationalEnterprises

Unadjustedgenderpaygap

Boardgenderdiversity

Exposuretocontroversialweapons(antipersonnelmines,clustermunitions,chemicalweaponsandbiologicalweapons)

ExcessiveCEOpayratio

ShareofbondsnotcertifiedasgreenunderafutureEUactsettingupanEUGreenBondStandard

GHGintensity

Investeecountriessubjecttosocialviolations

Table

1

1

1

1

1

1

1

1

1

2

2

2

1

1

1

1

1

3

2

1

1

Number

1

2

3

4

5

6

7

8

9

4

15

16

10

11

12

13

14

8

17

15

16

PrincipalAdverseImpact|3

2.Descriptionofprincipaladverseimpactsofinvestmentdecisions

onsustainabilityfactors

Table2:Descriptionoftheprincipaladverseimpactsonsustainabilityfactors

Indicatorsapplicabletoinvestmentsininvesteecompanies

CLIMATEANDOTHERENVIRONMENT-RELATEDINDICATORS

AdverseSustainabilityIndicatorMetricImpact1

(yearn)

Impact2(yearn-1)

Explanation3Actionstaken,andactionsplanned,andtargetssetforthenextreferenceperiod

Green-

housegasemissions

1.GHGemissions

2.Carbonfootprint

3.GHGintensityofinvesteecompanies

4.Exposureto

companiesactiveinthefossilfuelsector

5.Shareofnon-renewableenergyconsumptionandproduction

6.Energy

consumption

intensityperhighimpactclimatesector

Scope1GHGemissions

Scope2GHGemissions

Scope3GHGemissions

TotalGHGemissions

Carbonfootprint

GHGintensityofinvesteecompanies

Shareofinvestmentsin

companiesactiveinthefossilfuelsector

Shareofnon-renewableenergyconsumptionandnon-renewableenergyproductionofinvestee

companiesfromnon-renewableenergysourcescomparedto

renewableenergysources,expressedaspercentage

EnergyconsumptioninGWhpermillionEURofrevenueofinvesteecompanies,perhighimpact

climatesector

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

NA

Generalapproach

RobecoiscommittedtocontributetothegoalsoftheParisAgreementandtoachievingnetzerocarbonemissionsby2050.Tothisend,Robecopublishedanetzeroroadmapincludinginterimcarbonreductiontargetsfor2025and2030.TheportfoliodecarbonizationtargetsarederivedfromtheP2pathwayfromtheIPCC1.5-degreescenarioof2018.TheP2pathway

iscomposedofthefollowingemissionmilestones:49%reductionofGHGemissionsin2030and-89%reductionofGHGemissionsin2050,bothrelativeto2010baseline.InitiallyconfinedtothemajorityofRobecofundsonly,thescopeofour

decarbonizationstrategywillgraduallyincreasetoincludeclientmandatesandreach100%ofAUM.Ourambitionfornetzerodependsonallsectorsofsocietyandeconomydoingtheirpart:policy,industry,investorsandconsumers.OurcommitmentismadeintheexpectationthatgovernmentswillfollowthroughontheirowncommitmentstothegoalsoftheParisAgreement.

Engagement

Robecoengageswithkeyhighemittersinourinvestmentportfoliosviatheengagementtheme“AccelerationtoParis”andthe“NetZeroCarbonEmissions”theme.

ProxyVoting

Forcompaniesinhighemittingsectorsthatdonotsufficientlyaddresstheimpactofclimatechangeontheirbusinesses,

Robecowillopposetheagendaitemmostappropriateforthatissue.Tothatend,thenominationoftheaccountableboardmembertakesprecedence.Robecoalsogenerallysupportsreasonableshareholderproposalsthataskcompaniestoprepareandplanformitigatingclimatechangerisks.Thisincludesbutisnotlimitedtoresolutionsrequestingcompaniestoreviewtheirenergyefficiencyandconsiderincreasingtheuseofrenewableenergies.

Exclusions

Robeco’sExclusionpolicycoverstheexclusionofactivitieswithhighlynegativeclimateimpacts(e.g.thermalcoal,oilsandsandarticdrilling).Thresholdscanbefoundat

/docm/docu-exclusion-policy.pdf

.

AnumberofRobecofundsfollowaParis-AlignedBenchmark(PAB)orClimateTransitionBenchmark(CTB)andthereforeapplytheexclusioncriteriaassetoutinArticle12(1)oftheEUClimateTransitionBenchmarks,EUParis-alignedBenchmarksand

sustainability-relateddisclosuresforbenchmarks.

1.RobecohasstartedmeasuringperformanceonPrincipalAdverseImpactasof31March2022.Thefirstresultswillbepublishedin2023.

2.RobecohasstartedmeasurinwgperformanceonPrincipalAdverseImpactasof31March2022.Thefirstresultswillbepublishedin2023,2024willbethefirstyearreflectingacomparisontoapreviousyear.

3.Thiscolumnwillprovideanexplanationonthedevelopmentofthespecficprincipaladverseimpactindicatoragainstthedifferentreferenceperiods,inrelationtotheactionstaken.

PrincipalAdverseImpact|4

Biodiversity7.Activities

negativelyaffectingbiodi-versity

sensitiveareas

Shareofinvestmentsininvesteecompanieswithsites/operationslocatedinorneartobiodiversity-sensitiveareaswhereactivi-tiesofthoseinvesteecom-panies

negativelyaffectthoseareas

NANANAGeneralapproach

Robecoisdevelopingmethodstoevaluatethematerialityofbiodiversityforourportfolios,andtheimpactofourportfoliosonbiodiversity.BasedonsuchmethodsRobecowillsetquantifiedtargetsinordertocombatbiodiversityloss,latestby2024.

Forrelevantsectors,biodiversityimpactisconsideredinfundamentalSIresearchanalysis.Robecoisdevelopingaframeworktoconsiderthisacrossallinvestments.

Engagement

In2021,Robecostartedathree-yearengagementprogramfocusedondeforestationlinkedto5highriskcommodities.

Exclusions

Water8.Emissionsto

water

Tonnesofemissionstowater

generatedbyinves-teecompaniespermillionEURinvested,

expressedasaweightedaverage

NANAGiventhe

current

limited

coverageofemissionstowater,

Robecois

calculatingthewater

footprintsofportfolios

Robeco’sExclusionpolicyoutlinestheapproachtoinvestmentinpalmoilproducersandrelatedexclusionsthresholds.

Generalapproach

Forrelevantsectors,waterfootprintisconsideredinSIresearchprofiles,F-scoresandothercompanyreportsinthefundamentalinvestmentdomain.

Engagement

In2022,RobecolaunchedanengagementprogramonNaturalResourceManagement,thatwillscreenonallwaterand

waste-relatedprincipaladverseimpactindicators.Robecohasstartedwithasmallnumberofcompaniesunderengagement,andwillincreasethenumberofcompaniesinthefuture.Theselectionofnewcompanieswillpartlybebasedontheoutcomesonscreeningonthisindicator.

WithinRobeco’sControversialBehaviorprogram,companiesarescreenedonapotentialviolationinrelationtowater.WhenRobecodeemsacompanytocausesignificantnegativeimpactonlocalwatersupplyorwasteissueswhichisabreachofUNGlobalCompactprinciple7,itwilleitherapplyenhancedengagementordirectlyexcludethecompanyfromtheuniverse

Waste9.Hazardouswaste

andradioactivewasteratio

TonnesofhazardouswasteandradioactivewastegeneratedbyinvesteecompaniespermillionEURinvested,expressedasa

weightedaverage

NANAGiventhe

current

limited

coverageofhazardouswasteandradioactivewasteratios,Robecois

calculatingthewaste

footprintsofportfolios.

Generalapproach

Forrelevantsectors,wastefootprintisconsideredinSIresearchprofiles,F-scoresandothercompanyreportsinthefundamentalinvestmentdomain.

Engagement

In2022,RobecolaunchedanengagementprogramonNaturalResourceManagement,whichwillcoverwaste-relatedtopics.Robecoisstartingwithasmallnumberofcompaniesunderengagement,andwillincreasethenumberofcompaniesinthefuture,whenfurtherscreeningonthisindicator.

Inaddition,withinRobeco’sControversialBehaviorprogram,companiesarescreenedonapotentialviolationinrelationtowaste.WhenRobecodeemsacompanytocausesignificantnegativeimpactonlocalwatersupplyorwasteissueswhichisabreachofUNGlobalCompactprinciple7,itwilleitherapplyenhancedengagementordirectlyexcludethecompanyfromtheuniverse.

PrincipalAdverseImpact|5

INDICATORSFORSOCIALANDEMPLOYEE,RESPECTFORHUMANRIGHTS,ANTI-CORRUPTIONANDANTI-BRIBERYMATTERS

AdverseSustainabilityIndicatorMetricImpact

(yearn)

Impact

(yearn-1)

ExplanationActionstaken,andactionsplanned,andtargetssetforthenextreferenceperiod

Socialand

10.Violationsof

Shareofinvestmentsininvestee

NA

NA

NA

Generalapproach

employee

UNGlobalCompact

companiesthathavebeen

RobecoactsinaccordancewiththeInternationalLaborOrganization(ILO)standards,UnitedNationsGuidingPrinciples

matters

principlesand

Organisation

forEconomic

CooperationandDevelopment

(OECD)GuidelinesforMultinationalEnterprises

involvedinviolationsoftheUNGCprinciplesorOECDGuide-linesforMultinationalEnterprises

(UNGPs),UnitedNationsGlobalCompact(UNGC)PrinciplesandtheOrganizationforEconomicCo-operationand

Development(OECD)GuidelinesforMultinationalEnterprises,andisguidedbytheseinternationalstandardstoassessthebehaviorofcompanies.

Engagement/exclusions

Inordertomitigateseverebreaches,anenhancedengagementprocessisappliedwhereRobecodeemsaseverebreachoftheseprinciplesandguidelineshasoccured.Ifthisenhancedengagement,whichmaylastuptoaperiodofthreeyears,doesnotleadtothedesiredchange,Robecowillexcludeacompanyfromitsinvestmentuniverse.

Forfundswithanextendedsustainabilityprofile,Robecoexcludescompaniesthathaveseverebreachesoftheseprinciplesandguidelineswithoutpreviousengagement.

Proxyvoting

Forcompaniesthatarefacedwithsignificanthumanrightsissues,Robecoexpectscompaniestoconductaduediligenceinordertoadheretohumanrights.Forcompaniesthatarenottakingadequatestepstomitigatetheirhumanrightsimpactsandarelinkedtosocialcontroversies,Robecowillopposetheagendaitemmostappropriateforthatissue.Tothatend,the

nominationofthemostaccountableboardmembertakesprecedence.

11.Lackof

processesandcompliancemechanisms

tomonitor

compliancewith

UNGlobalCompactprinciplesand

OECDGuidelinesforMultinationalEnterprises

Shareofinvestmentsininvesteecompanieswithoutpolicies

tomonitorcompliancewith

theUNGCprinciplesorOECD

GuidelinesforMultinational

Enterprisesorgrievance/

complaintshandlingmechanismstoaddressviolationsoftheUNGCprinciplesorOECDGuidelinesforMultinationalEnterprises

NA

NA

NA

Generalapproach

RobecosupportsthehumanrightsprinciplesdescribedintheUniversalDeclarationofHumanRights(UDHR)anddetailedintheGuidingPrinciplesonBusinessandHumanRights(UNGP),theOECDGuidelinesforMultinationalEnterprisesandtheeightfundamentalInternationalLabourOrganization(ILO)conventions.OurcommitmenttotheseprinciplesmeansRobecowillexpectcompaniestoformallycommittorespecthumanrights,haveinplacehumanrightsduediligenceprocesses,and,whereappropriate,ensurethatvictimsofhumanrightsabuseshaveaccesstoremedy.

Engagement

TheUnitedNationsUniversalDeclarationofHumanRights,theInternationalLaborOrganization’s(ILO)laborstandards,

theUnitedNationsGuidingPrinciplesforBusinessandHumanRights(UNGPs),theUnitedNationsGlobalCompact(UNGC)andtheOECDGuidelinesforMultinationalEnterprisesoutlineminimalbehavioralstandardsthatserveasthebasisforthe

enhancedengagementprogram.Thedesiredoutcomeistheidentifiableeliminationandremediationofanybreachand

enhancementsinmanagementprocessesaimedatavoidinganyrepeatedbreach.Foreachenhancedengagement,we

addressthesameoverarchingobjectives:Eliminationofthebreach,Policy,Stakeholderdialogue,Riskmanagementsystems,Transparency.Remediationisakeyelementoftheeliminationofbreachinallenhancedengagementcases.

Proxyvoting

Forcompaniesthatarefacedwithsignificanthumanrightsissues,Robecoexpectscompaniestoconductaduediligenceinordertoadheretohumanrights.Forcompaniesthatarenottakingadequatestepstomitigatetheirhumanrightsimpactsandarelinkedtosocialcontroversies,Robecowillopposetheagendaitemmostappropriateforthatissue.Tothatend,thenominationofthemostaccountableboardmembertakesprecedence.

PrincipalAdverseImpact|6

Socialandemployeematters

12.Unadjustedgenderpaygap

Averageunadjustedgen-derpaygapofinvesteecompanies

NANANAEngagement

In2022,Robecolaunchesanengagementprogramondiversityandinclusion,whichwillincludeelementsinrelationtothegenderpaygap.Overall,genderpaygapdisclosuresareonlymandatoryinfewjurisdictions(e.g.UK,California).Companiesareencouragedtoimprovesuchdisclosures.

Proxyvoting

Genderdiversityenhancescorporategovernance,talentattractionandhumancapitaldevelopment,whichfostersvaluecreationnotonlywithincompanies,butalsoforstakeholdersandsociety.Robecousuallysupportsreasonableshareholderresolutionsrequestingdisclosureofspecificdiversitytargetsanddisclosureongenderpaygapswithincompanies.

13.Boardgenderdiversity

Averageratiooffemaletomaleboardmembersininvestee

companies,expressedasa

percentageofallboardmembers

NANANAGeneralapproach

Assessmentofboardgenderdiversityisacomponentofthefundamentalinvestmentprocess,andisreflectedoninSIresearch

profiles.

Engagement

In2022,Robecolaunchesanengagementprogramondiversityandinclusion,whichwillincludeelementsinrelationtoequalpay.

Proxyvoting

Robecosupportstheelectionofadirectornominatedbymanagementunlessthenomineeaddstoasub-standard

compositioncomparedtolocalbestpracticesintermsoftenure,diversity,skillsandexternalcommitmentsortheboardfails

toincorporatebasicconsiderationsforgenderdiversity.Boardsshouldcomplywithbestpracticesorlegalrequirementswheretheseexist.Inotherdevelopedmarkets,weexpecttheleastrepresentedgendertocompriseatleast30%oftheboard.Inallmarketsanagainstvoteiswarrantedifthereisnogenderdiversity.

14.Exposure

Shareofinvestmentsininvestee

NANANAGeneralapproach/exclusions

tocontroversial

companiesinvolvedinthe

ForallstrategiesRobecodeemsanti-personnelmines,clustermunitions,chemical,biologicalweapons,whitephosphorus,

weapons(anti-

manufactureorsellingof

depleteduraniumweaponsandnuclearweaponsthataretailormadeandessential,tobecontroversialweapons.Exclusionis

personnelmines,

controversialweapons

appliedtocompaniesthataremanufacturersofcertainproductsthatdonotcomplywiththefollowingtreatiesorlegalbans

clustermunitions,

oncontroversialweapons:

chemicalweapons

1.TheOttawaTreaty(1997)whichprohibitstheuse,stockpiling,productionandtransferofanti-personnelmines.

andbiological

2.TheConventiononClusterMunitions(2008)whichprohibitstheuse,stockpiling,productionandtransferofcluster

weapons)

munitions.

3.TheChemicalWeaponsConvention(1997)whichprohibitstheuse,stockpiling,productionandtransferofchemicalweapons.

4.BiologicalWeaponsConvention(1975)whichprohibitstheuse,stockpiling,productionandtransferofbiologicalweapons.

5.TheTreatyontheNon-ProliferationofNuclearWeapons(1968)whichlimitsthespreadofnuclearweaponstothegroupofso-calledNuclearWeaponsStates(USA,Russia,UK,FranceandChina).

6.TheDutchactonFinancialSupervision‘Besluitmarktmisbruik’art.21a.

7.TheBelgianLoiMahoux,thebanonuraniumweapons.

8.CouncilRegulation(EU)2018/1542of15October2018concerningrestrictivemeasuresagainsttheproliferationanduseofchemicalweapons.

PrincipalAdverseImpact|7

INDICATORSAPPLICABLETOINVESTMENTSINSOVEREIGNSANDSUPRANATIONALS

AdverseSustainabilityIndicator

Metric

Impact(yearn)

Impact

(yearn-1)

Explanation

Actionstaken,andactionsplanned,andtargetssetforthenextreferenceperiod

Environ-15.GHGintensity

GHGintensityofinvesteecountries

NA

NA

NA

Generalapproach

mentalRobecomonitorsasetofcountrydataonclimateperformance.TheseincludeGHGintensity(suchasCO2/GDP),CO2per

capitadata,emissiontrendsandpolicymetrics.ThisdatasethasbeenincorporatedintheCountrySustainabilityRanking,

whichisusedforthefundamentalanalysisofgovernmentbonds.FortheClimateBondfund,thedecarbonizationtrajectory

isbasedonCO2percapitadata.WeseethisasapreferredmetricoverCO2perunitofGDP.Thelatterpenalizesdeveloping

economiesforthefollowingtworeasons:First,theirlevelofGDPpercapitaisrelativelylow.Second,intheirstageofeconomicdevelopmentmanufacturingplaysalargerrolefortheseeconomies.Asaresult,anemergingeconomysuchasIndiascores

worsethantheUSonCO2/GDP,whilethepercapitaemissionsareonlyafractionofthoseintheUS.Intheselectionof

CO2percapitadatathereisatrade-offbetweentimeliness(productiondata)andcoverageofimportedCO2emissions

(consumptiondata).FormanagingtheweightedaveragecarbonintensityoftheClimateBondfundwehaveselectedtheCO2percapitadatabasedonproduction.

Engagement

Robecowillengagewithasmallgroupofsovereignsontheirperformanceonclimate.Robecohasdevelopedaproprietary

methodologyforrankingcountriesontheirclimateperformance.Themethodologyincludesmetricssuchas:GHGintensity,emissiontrendsandpolicymetrics.Theselectionofcountriesforengagementwillamongstothersbebasedonthismetric

andrelevanceforourfunds.Theengagementisaimedatimprovingtransparencyonconcretepoliciesandshort-andmediumtargets.Engagementshouldalsoincreaseawarenessofthistopicamongissuersandimproveinvestabilityforourclimate

funds.Robecowillapproachsovereignsinacollaborationwithotherinvestors.Engagementisneverintendedtounduly

influencethepoliticalprocessandRobecoonlyconductsengagementonpublicpolicywhereitisdeemedappropriateandtransparent.

Social16.Investee

countriessubjecttosocialviolations

Numberofinvesteecountries

subjecttosocialviolations

(absolutenumberandrelative

numberdividedbyallinvestee

countries),asreferredtoin

internationaltreatiesand

conventions,UnitedNations

principlesand,whereapplicable,nationallaw

NANANAGeneralapproach

ThePRSpoliticalriskdata,usedforthemeasurementofthisindicator,areanimportantcomponentofRobeco’sCountry

SustainabilityRanking.ThePRSinternalconflictscoreisusedasaninstrumenttodetectcountriesthatruntheriskofgettinginvolvedinseriousinternalconflict.ThePRSmetricisbasedonthreecomponents:civildisorder,terrorism,andcivilwar.

Typically,acountrythatscoresatthelowerdecilesforthisindicatordoessoonallthreecomponents.TheinternalconflictscoreispartofabroaderpoliticalriskscoringframeworkbyPRS,whichalsoincorporatescategoriessuchasgovernmentstability

andexternalconflict.Robeco’sanalysissuggeststhatadeteriorationinthisscoreshouldberegardedasawarningsignalforthefundamentalstrengthofacountryvis-à-vispeersinthesameratingcategory.Inaddition,allocationstocountrieswithalowCSRscoreshould,onafundlevel,bebalancedbyallocationstohigherscoringcountriestokeepthefund’sweightedaveragescoreattherequiredlevel.Thiswill,ceterisparibus,influencetheriskpremiumrequiredforinvestinginsovereignbondsoflowerscoringcountriesinourinvestmentprocess.

Exclusions

Robecodeemsinvestingingovernmentbonds(federalorlocal)ofcountrieswhereseriousviolationsofhumanrightsoracollapseofthegovernancestructuretakeplaceasunsustainable.Inaddition,RobecowillfollowapplicablesanctionsoftheUN,EUorUStowhichitissubjectandfollowsanymandatory(investment)restrictionsderivingtherefrom.

PrincipalAdverseImpact|8

INDICATORSAPPLICABLETOINVESTMENTSINREALESTATEASSETS

AdverseSustainabilityIndicator

Metric

Impact

Impact

Explanation

Actionstaken,andactionsplanned,andtargetssetforthenextreferenceperiod

(yearn)

(yearn-1)

Fossilfuels17.Exposureto

Shareofinvestmentsinrealestate

NA

NA

NA

NA

fossilfuelsthrough

assetsinvolvedintheextraction,

realestateassets

storage,transportormanufactureoffossilfuels

Energy18.Exposureto

hareofinvestmentsinenergy

NA

NA

NA

NA

efficiencyenergy-inefficient

realestateassets

inefficientrealestateassets

Otherindicatorsforprincipaladverse

impactsonsustainabilityfactors

CLIMATEANDOTHERENVIRONMENT-RELATEDINDICATORS

INDICATORSAPPLICABLETOINVESTMENTSININVESTEECOMPANIES

AdverseSustainabilityIndicator

Metric

Impact

Impact

Explanation

Actionstaken,andactionsplanned,andtargetssetforthenextreferenceperiod

(yearn)

(yearn-1)

Emissions

4.Investmentsin

Shareofinvestme