MuniFin Green Finance and Liquidity Portfolio Evaluation

MuniFin 51 Copyright MuniFin • Appendix 15 ESG Score of MuniFin's liquidity portfolio MuniFin's liquidity portfolio is managed in accordance with the company's Responsibility Policy approved by the Board of Directors. • MuniFin monitors the environmental, social responsibility and governance practices of the issuers in the liquidity portfolio. This is done by monitoring the ESG scores of the issuers. • The average ESG score of all investments is compared with a benchmark index using an asset class breakdown corresponding to the company's liquidity portfolio. • At the end of 2020, MuniFin's liquidity portfolio had an ESG average of 55.7 on a scale of 1-100, which is above the benchmark index (53.3). Source: Union Investment 2020

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