The basis for NN IP's responsible investment approach is NN Group's Responsible Investment policy framework. NN IP applies the restricted list of NN Group. This includes Countries: Sovereign issuers involved in severe and systematic violations of Human Rights, against which arms embargoes have been issued by the UN Security Council. Based on NN’s exclusion list, NN IP also does not invest in controversial weapons, arms trade entities that are subject to embargoes and tobacco production. NN IP’s RI approach is a reflection of our investment beliefs, the organisation’s values, relevant laws, and internationally recognized standards such as the United Nations Global Compact and OECD Guidelines for Multinational Enterprises (hereafter: OECD Guidelines), based on which minimum requirements have been developed that have to be adhered to in the investment process. NN Group entities comply with all applicable sanction laws and regulations. For our Sustainable corporate bond funds, negative screening is based on controversial behaviour (norms-based screening) as well as exclusion of certain sectors (gambling, adult entertainment, fur and specialty leather and weapons). NN IP applies positive screening for the Euro Green Bond fund on top of the already restrictive Green Bond Principles criteria.