As an integral part of our research process, ESG analysis is carried out by NN IP's mainstream analysts. Analysts have access to several independent ESG databases, including Sustainalytics, ISS, Bloomberg, Refinitiv and others. This includes information on how each company scores on different ESG factors compared to its sector average and if there are any structural issues or controversies from ESG perspective. ESG factors covered include, amongst others, environmental damage and climate change, bribery and corruption, human rights, health and safety and corporate governance. These data are also used for our dedicated Sustainable funds. The analysts incorporate the results of their analysis into fixed income research templates, called score cards, ensuring they have looked at all material aspects. This process is quite similar to the ESG integration process on the equity side, but with more emphasis being put on the downward risks. Portfolio managers at NN IP take the score cards into account when making investment decisions. NN IP also has a partnership with Climate Bond Initiative which provides access to their database on the green bond market.