BEST EMERGING MARKET PERFORMERS

The Best Emerging Market Performers Ranking is comprised of the best performing companies from the Equitics® Emerging Markets Universe. The companies in the ranking are the best performing companies from Emerging markets in a best in class approach. Selected companies have achieved the highest scores in their reference universe. This universe contains 843 companies, from 36 sectors and 31 countries. The V.E Data & Index division acts as the constituent agent and is wholly responsible for the periodical selection of constituents of the ranking. Ranking constituents will be reviewed and updated every year.

Ranking Features Number of Constituents 100 Type ESG Ranking Eligible Companies included in the related Vigeo-Eiris Emerging Market Universe Review Annually (July)

Top Performers MA0000012437 Morocco BRELETACNOR6 Eletrobras MA0000021503 OCP Morocco MA0000011439 Lydec Morocco MA0000010811 BMCI Morocco

ESG Performance Details

Highest Overall ESG Score 68/100

Average Overall ESG Score 50,56/100

Lowest Overall ESG Score 43/100 Best EM Performers Ranking Constituents - July 2021

ISIN ISSUER COUNTRY SECTOR

CL0000000035 Aguas Andinas Waste & Water Utilities

GRS015003007 Alpha Bank Greece Retail & Specialised Banks

RU0007252813 Alrosa Russia Mining & Metals

INE079A01024 Ambuja Cements India Building Materials

ZAE000013181 Anglo American Platinum South Africa Mining & Metals

ZAE000043485 AngloGold Ashanti South Africa Mining & Metals

TRAARCLK91H5 Arcelik Turkey Technology-Hardware

TW0003711008 ASE Technology Holding Technology-Hardware

MA0000012445 Morocco Retail & Specialised Banks

TW0002409000 AU Optronics Taiwan Technology-Hardware

BRBBDCACNOR1 Brazil Diversified Banks

BRSANBCDAM13 Brasil Brazil Retail & Specialised Banks

CLP1506A1070 Chile Retail & Specialised Banks

COB07PA00078 Retail & Specialised Banks

MA0000012437 Bank of Africa Morocco Retail & Specialised Banks

PHY0967S1694 Bank of the Philippine Islands Philippines Retail & Specialised Banks

TH0148A10Z06 Banpu Thailand Mining & Metals

MA0000011884 Banque Centrale Populaire Morocco Retail & Specialised Banks Bco Nacional de Desenvolvimento USP14486AA54 Brazil Specific Purpose Banks & Agencies Economico e Social MA0000010811 BMCI Morocco Retail & Specialised Banks

TW0002882008 Cathay Financial Holding Taiwan

COT60PA00038 Celsia SA ESP Colombia Electric & Gas Utilities

COD38PA00053 Cementos Argos Colombia Building Materials

MXP225611567 Building Materials

EST01PA00013 CEMEX Latam Holdings Colombia Building Materials

CZ0005112300 CEZ Czech Republic Electric & Gas Utilities

TW0002610003 China Airlines Taiwan Travel & Tourism

TW0002412004 Taiwan Telecommunications

TW0002891009 CTBC Financial Holding Taiwan Retail & Specialised Banks

COC04PA00016 Colombia Energy

BRENBRACNOR2 EDP-Energias do Brasil Brazil Electric & Gas Utilities

BRELETACNOR6 Eletrobras Brazil Electric & Gas Utilities

CLP371151059 Empresa Nacional de Telecomunicaciones Chile Telecommunications Best EM Performers Ranking Constituents - July 2021

ISIN ISSUER SECTOR COUNTRY

CL0000001314 Empresas CMPC Chile Forest Products & Paper

CLP371861061 Enel Americas Chile Electric & Gas Utilities

CL0002266774 Enel Chile Chile Electric & Gas Utilities

CLP3710M1090 Enel Generacion Chile Chile Electric & Gas Utilities

PEP700511004 Enel Generacion Peru Electric & Gas Utilities

BREGIEACNOR9 Engie Brasil Energia Brazil Electric & Gas Utilities

ZAE000084992 Exxaro Resources South Africa Mining & Metals

PEP736001004 Ferreycorp Peru Industrial Goods & Services

MXCFFU000001 Fibra Uno Administracion Mexico - Real Estate

TW0002892007 First Financial Holdings Taiwan Retail & Specialised Banks

TW0002881000 Fubon Financial Holdings Taiwan Financial Services - General

PHY272571498 Globe Telecom Philippines Telecommunications

ZAE000018123 Gold Fields South Africa Mining & Metals

COT13PA00086 Grupo de Inversiones Suramericana Colombia Financial Services - General

MXP370711014 Grupo Financiero Mexico Retail & Specialised Banks

INE038A01020 Hindalco Industries India Mining & Metals

MX01IE060002 IEnova Mexico Electric & Gas Utilities

ZAE000083648 Impala Platinum Holdings South Africa Mining & Metals

TH1027010004 Indorama Ventures Thailand Chemicals

INE009A01021 Infosys Ltd. India Software & IT Services

ZAE000081949 Investec (South Africa) South Africa Financial Services - General

BRITUBACNPR1 Itau Unibanco Holdings Brazil Diversified Banks

MA0000011488 Itissalat Al-Maghrib Morocco Telecommunications

TH0016010009 Kasikornbank Thailand Diversified Banks

CZ0008019106 Komercni Banka Czech Republic Retail & Specialised Banks

MA0000012320 LafargeHolcim Maroc Morocco Building Materials

TW0002301009 Lite-On Technology Taiwan Technology-Hardware

MA0000011439 Lydec Morocco Electric & Gas Utilities

MA0000011058 Morocco Mining & Metals

HU0000153937 MOL Hungarian Oil Gas Hungary Energy

GRS003003035 National Bank of Greece Greece Retail & Specialised Banks

ZAE000004875 Nedbank Group South Africa Retail & Specialised Banks

ZAE000011953 Netcare South Africa Health Care Equipment & Services Best EM Performers Ranking Constituents - July 2021

ISIN ISSUER SECTOR COUNTRY

MA0000021503 OCP Morocco Mining & Metals

GRS260333000 OTE - Hellenic Telecommunications Greece Telecommunications

GRS014003032 Piraeus Bank Greece Retail & Specialised Banks

KR7005490008 POSCO South Korea Mining & Metals

TH0646010Z00 PTT Thailand Energy

TH1074010006 PTT Global Chemical Thailand Chemicals

RU000A0J2Q06 Rosneft Oil Russia Energy

KR7000810002 Samsung Fire & Marine Insurance South Korea Insurance

ZAE000006284 Sappi South Africa Forest Products & Paper

ZAE000006896 Sasol South Africa Energy

INE070A01015 Shree Cement India Building Materials

TH0003010Z04 Siam Cement Thailand Building Materials

TH0015010000 Siam Thailand Retail & Specialised Banks

KR7017670001 SK Telecom South Korea Telecommunications

MA0000010068 SMI Morocco Mining & Metals

MA0000010019 Morocco Mining & Metals

TW0002887007 Taishin Financial Holdings Taiwan Retail & Specialised Banks

TW0003045001 Taiwan Telecommunications

TW0002330008 Taiwan Semiconductor Manufacturing Taiwan Technology-Hardware

INE669C01036 Tech Mahindra India Software & IT Services

BRVIVTACNPR7 Telefonica Brasil Brazil Telecommunications

ZAE000071080 Tiger Brands South Africa Food

BRTIMSACNOR5 TIM Participacoes Brazil Telecommunications

TRETTLK00013 Turk Telekomunikasyon Turkey Telecommunications

TRAGARAN91N1 Turkiye Garanti Bankasi Turkey Retail & Specialised Banks

TREVKFB00019 Turkiye Vakiflar Bankasi Turkey Retail & Specialised Banks

ID1000095706 Unilever Indonesia Indonesia Luxury Goods & Cosmetics

RU000A1025V3 United Company Rusal Russia Mining & Metals

TW0002303005 United Microelectronics Taiwan Technology-Hardware

TW0005347009 Vanguard International Semiconductor Taiwan Technology-Hardware

ZAE000132577 Vodacom Group South Africa Telecommunications

USP98088AA83 Votorantim Cimentos Brazil Building Materials

INE075A01022 Wipro Ltd. India Software & IT Services

INE528G01035 Yes Bank India Retail & Specialised Banks RANKING METHODOLOGY

V.E assesses and rates the performances of companies according the Equitics® methodology based on 38 criteria, divided in to six key areas of corporate environmental, social and governance responsibility, namely:

Environment: Protection, safeguard, prevention of attacks on the environment, implementation of an adequate managerial strategy, eco-design, protection of biodiversity and reasonable control of environmental impacts on the overall life cycle of products and services.

Human Rights: Respect of trade unions’ freedom and promotion of collective negotiation, nondiscrimination and promotion of equality, eradication of banned working practices, and prevention of inhumane or humiliating treatments.

Human Resources: Constant improvement of industrial relations, career development, as well as quality of working conditions.

Community Involvement : Contribution to economic and social development of the territories of establishment and their human communities, concrete commitment in favor of the control of societal impacts of products and services, transparent and participative contribution to causes of general interest.

Business Behaviour: Taking into account clients’ rights and interests, integration of social and environmental standards both in the process of selection of suppliers and in the overall supplying chain, efficient prevention of corruption, and respect of competition laws.

Corporate Governance : Efficiency and integrity, insurance of both independence and effectiveness of the Board of Directors, effectiveness and efficiency of audit and control systems, and in particular inclusion of social responsibility risks, respect of shareholders’ rights and most of all of the minorities, transparency and moderation in executive remuneration.

Two filters are applied to determine the new indices’ constituents. Companies are excluded if:

§ their level of commitment is insufficient in one of six key areas reviewed by V.E, in regards to their overall score. § They are part of V.E’s warning list

About V.E V.E is a global leader in ESG assessments, data, research, benchmarks and analytics. Leveraging our extensive proprietary database, we equip market players with the ESG insight they need to manage risks and better understand and address their social and environmental impact. Since 2019, V.E has been an Affiliate of Moody’s Corporation.

V.E has an industry unique ISO 9001: 2015 quality certification for its processes relating to methodology, assessments, sale and delivery of its data to all types of investors and issuers. V.E is a Climate Bonds Initiative Verified Provider of Second Party Opinions. With a team of over 300 experts of 30 different nationalities, V.E is present in Paris, London, Brussels, , Hong Kong, Milan, New York, Rabat, and Singapore. For more information: www.vigeo-eiris.com

About Moody’s ESG Solutions Moody’s ESG Solutions Group is a business unit of Moody’s Corporation serving the growing global demand for ESG and climate insights. The group leverages Moody’s data and expertise across ESG, climate risk, and sustainable , and aligns with Moody’s Investors Service (MIS) and Moody’s Analytics (MA) to deliver a comprehensive, integrated suite of ESG and climate risk solutions including ESG scores, analytics, Sustainability Ratings and Sustainable Finance Reviewer/certifier services.

For more information visit Moody’s ESG hub at www.moodys.com/esg