Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two...

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Carbon Report SEB Emerging Marketsfond Report created on: Feb 25, 2019 The carbon footprint provides a historic snapshot of the emissions from the equity holdings of the fund. The calculations are not comprehensive and indirect emissions, e.g. from suppliers, are based on reported data or estimates of emissions. The metric says nothing about how the portfolio contributes to a low-carbon society. For further information about the metric, see www.sebgroup.com.

Transcript of Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two...

Page 1: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon ReportSEB Emerging Marketsfond

Report created on: Feb 25, 2019

The carbon footprint provides a historic snapshotof the emissions from the equity holdings of thefund. The calculations are not comprehensive andindirect emissions, e.g. from suppliers, are basedon reported data or estimates of emissions. Themetric says nothing about how the portfoliocontributes to a low-carbon society. For furtherinformation about the metric, seewww.sebgroup.com.

Page 2: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Contents . . . . . . . . . . . . . . . . . . . . . . . . . . 3Executive Summary

. . . . . . . . 5Sector weighting and relative carbon footprint . . . . . . . . . . . . . . 5Relative Carbon Footprint Comparison

. . . . . . . . . . . . . . . . . 5Sector Analysis & Stock Selection . . . . . . . . . . . . . . . . . . . . . . . . . . 6Attribution Analysis

. . . . . . . . . 7Summary of 10 largest absolute contributors . . . . . . . . . . 7Summary of 10 largest portfolio companies

. . . . . . . . . . . . . . . . . . . . . . . . . . . 8Scope 3 Overview . . . . . . . . . . . . . . . . . . . 9Company Sector & Breakdown

. . . . . . . . . . . . . . . . . . . . . . . . . . . . 57Carbon Ranking

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Carbon ReportSEB Emerging MarketsfondReport created on: Feb 25, 2019 | Holdings Date: Dec 31, 2018 | Benchmark: MSCI Emerging Markets Index (Net Return)Currency: SEK | Industry Classification: GICS | Company Breakdown Metrics: carbon intensity (tCO2e / Mio. revenue) | Value: 6'175'410'703.00SEKFund Management Company: SEB Investment Management AB

Executive SummaryCarbon emissions

Scope 1-2(tCO2e)

Total carbonemissions incl.

Scope 3 (tCO2e)

Relative CarbonFootprint

(kgCO2e / SEK1'000 invested)

Carbon Intensity(kgCO2e / SEK

1'000 revenue)

WeightedAverage Carbon

Intensity (kgCO2e/ SEK 1'000

revenue)

DisclosingTitles

by Weight(market value)

Portfolio 332'540.7 1'375'298.4 52.5 60.7 55.8 40.6% 97.6%

Benchmark 99'927.2 368'920.9 15.6 27.8 29.4 78.8% 96.3%

Total carbon emissions

- measure the carbon footprint of a portfolioconsidering Scope 1-2 as well as Scope 3emissions.*)

- SEB Emerging Marketsfond is associatedwith greenhouse gas emissions of332'540.7 tons per year.

Relative carbon footprint

- is a normalized measure of the portfolio'scontribution.

- It enables comparisons with a benchmarkbetween multiple portfolios, over time andregardless of portfolio size.

Carbon intensity

- allows investors to measure how muchcarbon emissions per SEK of revenue aregenerated.

- It therefore measures the carbon efficiencyof a portfolio per unit of output.

This report analyses the portfolio of securities in terms of thecarbon emissions and other carbon related characteristics ofthe underlying portfolio companies, and compares this data tothe performance of a relevant respectively chosen marketbenchmark.

The portfolio’s intensity is 54.2% higher than the benchmark.

100.0 100.0

45.8

30.0

Carbon Intensity Carbon Emissions0.0

20.0

40.0

60.0

80.0

100.0

120.0

Portfolio Benchmark

The Sectors Utilities, Energy and Materials (per GICS classification) inthe portfolio make up 27.7% of the weight vs. 85.9% of thecontribution to emissions.

4.7%11.9%

11.1%

72.3%

46.5%

23.0%

16.4%

14.1%

Sector Weight Contribution to Emissions

UtilitiesEnergyMaterialsAll other Sectors

5 smallest contributors to the emissions of the fund are:Financed

emissions(tCO2e)

% of total Relative carbonfootprint

(kg CO2e / SEK 1'000Invested)

JM Financial Ltd ORD 0.0 0.0% 0.0

PharmaEngine Inc ORD 0.0 0.0% 0.0

QGEP Participacoes SAORD

0.0 0.0% 0.0

Tata InvestmentCorporation Ltd ORD

0.0 0.0% 0.0

Macronix InternationalCo Ltd ORD

0.0 0.0% 0.0

5 largest contributors to the emissions of the fund are:Financed

emissions(tCO2e)

% of total Relative carbonfootprint

(kg CO2e / SEK 1'000Invested)

InterRao 79'888.3 24.6% 1'862.2

Manila Electric Co ORD 29'648.5 9.1% 1'306.7

CEZ 24'935.6 7.7% 367.7

Gazprom OAO 16'415.2 5.1% 277.9

China Petroleum &Chemical

12'382.7 3.8% 94.1

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*) Scope 1 emissions are directly generated by company's operations, whereas indirect Scope 2 emissions are related to the company's energy consumption. Scope 3 emissions include other indirect emissions

including e.g. business travel, use of company's products sold, investments, and goods and services purchased.

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Sector weighting and relative carbon footprint

WeightRel. Carbon Footprint

tCO2e / Mio SEK invested Portfolio vs.Benchmark

Portfolio Benchmark Portfolio Benchmark

Utilities 4.74% 3.33% 503.5 218.1 130.84%

Energy 11.90% 5.91% 99.1 42.0 135.74%

Materials 11.06% 3.87% 75.9 74.1 2.53%

Information Technology 18.77% 16.67% 13.9 0.9 1'538.71%

Industrials 5.11% 10.77% 48.1 9.7 395.75%

TelecommunicationServices

8.70% 2.83% 8.0 3.5 125.19%

Real Estate 7.03% 3.11% 7.6 2.2 245.54%

Consumer Staples 1.70% 8.92% 25.6 5.0 413.11%

Consumer Discretionary 7.26% 11.98% 4.9 3.3 49.65%

Financials 19.92% 14.46% 0.5 0.4 19.83%

Others 1.31% 1.31% 2.0 2.5 -18.71%

Health Care 0.08% 13.17% 1.3 0.9 45.91%

Relative Carbon Footprint Comparison

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Portfolio Benchmark

Sector Analysis & Stock SelectionThe graph below shows how the carbon allocation in the portfolio differs from the average ofeach sector. Sectors have been defined using the GICS classification at theSupersector/Industry Group level.

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Portfolio GICS Sub-Industry Emissions

Benchmark, Average GICS Sub-Industry Emissions

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Attribution AnalysisThe two principal reasons why the carbon exposure of the portfoliomay differ from the benchmark are due to sector allocation as well asstock selection decisions.Sector allocation decision will cause the carbon intensity of theportfolio to diverge from the benchmark where the sectors are eithercarbon intensive or low carbon. If the portfolio is overweight incarbon intensive sectors the portfolio is likely to be more carbonintensive than the benchmark.However, if the stocks within a carbon intensive sector are the mostcarbon efficient companies, it is possible that the portfolio may stillhave a lower carbon footprint than the benchmark.

Sector Allocation Sector Selection

Sector AllocationContribution to Out/Underperformance

(tCO2e)

Sector AllocationContribution to Out/

Underperformance (%)

Stock SelectionContribution to Out/Underperformance

(tCO2e)

Stock SelectionContribution to Out/

Underperformance (%)

Energy 16'328.5 16.3% 21'952.6 22.0%

Materials 34'737.1 34.8% 234.3 0.2%

Industrials -3'699.5 -3.7% 27'100.0 27.1%

Consumer Discretionary -1'043.6 -1.0% 1'241.3 1.2%

Consumer Staples -2'398.7 -2.4% 12'013.6 12.0%

Health Care -784.3 -0.8% 347.6 0.3%

Financials 134.7 0.1% 68.5 0.1%

Information Technology 105.7 0.1% 14'321.8 14.3%

Telecommunication Services 1'353.1 1.4% 815.0 0.8%

Utilities 19'551.3 19.6% 61'868.0 61.9%

Real Estate 561.8 0.6% 1'103.3 1.1%

Others -3.0 -0.0% -42.1 -0.0%

Total 64'843.3 64.9% 141'023.8 141.1%

Explanation: The Underperformance of the portfolio is based on theeffect of over/underweighting certain sectors and selectingmore/less carbon intense stocks within each sector for each of theunderlying holdings. A positive number indicates that the effectincreased the greenhouse gas emission (in tons of CO2e) and anegative number indicated a decreasing effect.In this case, the sector weighting of SEB Emerging Marketsfondharmed 64'843.3 tCO2e, while the stock selection harmed 141'023.8tCO2e versus the benchmark. This explains a 64.9%underperformance through sector weighting and 141.1% carbonunderperformance by stock picking.

Total Emissions(tCO2e)

Portfolio 332'540.7

Benchmark 99'927.2

Portfolio Carbon Underperformance (tCO2e) 232'613.5

Portfolio Carbon Underperformance (%) 232.8

Interaction Effect: 26'746.5 26.8%

Attribution Analysis - Graph

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Sector Stock Total

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Summary of 10 largest absolute contributorsThe tables below show the 10 largest greenhouse gas contributorsand the 10 largest holdings respectively of the SEB EmergingMarketsfond.

Carbon Data section explains your Financed Emissions, i.e. theamount of greenhouse gases that the portfolio finances from thecompany’s overall emissions, relative to company ownership. Youcan further see what % of the overall portfolio GHG emissions eachcompany accounts for and if the company’s GHG emission numberwas disclosed by the company or approximated.

In the Analysis section, the Benchmark emissions are stated and theAverage Sector Emissions allow a comparison of the greenhouse gasintensity of a company against its respective sector, i.e. the amount ofGHG emissions that an investment of the same size would havefinanced, would it have been invested in the overall sector ratherthan the specific company.

The effect on the portfolio can be found under PortfolioContribution: This is a measurement of how much a specific holdingraises or reduces the carbon footprint of the portfolio.

Weight Carbon Data Analysis

Company GICS Sub-Industry Portfolio Benchmark % oftotal

carbonintensity

(tCO2e / Mio.revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

InterRao Electric Utilities 0.7% - 24.6% 776.5 79'888.3 - 10'125.6 -78'120.90

Manila Electric Co ORD Electric Utilities 0.4% - 9.1% 1'473.7 29'648.5 - 5'355.4 -28'531.49

CEZ Electric Utilities 1.1% - 7.7% 557.9 24'935.6 - 16'007.4 -21'519.93

Gazprom OAO Integrated Oil & Gas 0.9% - 5.1% 142.9 16'415.2 - 4'437.8 -13'361.77

China Petroleum &Chemical

Integrated Oil & Gas 2.1% - 3.8% 35.2 12'382.7 - 9'886.3 -5'410.99

Maanshan Iron & SteelCo Ltd ORD

Steel 0.4% - 3.7% 317.2 11'980.5 - 9'802.8 -10'736.42

China Oriental Group Steel 0.6% - 3.3% 181.5 10'652.8 - 15'961.2 -8'613.71

Motor Oil (Hellas) Oil & Gas Refining &Marketing

1.5% - 3.1% 38.3 10'062.9 - 11'801.0 -5'099.40

Severstal Steel 0.9% - 2.7% 334.6 8'832.4 - 22'613.6 -5'919.44

FormosaPetrochemical

Oil & Gas Refining &Marketing

1.3% - 2.6% 209.9 8'357.9 - 10'532.3 -3'911.93

Summary of 10 largest portfolio companies

Weight Carbon Data Analysis

Company GICS Sub-Industry Portfolio Benchmark % oftotal

carbonintensity

(tCO2e / Mio.revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Infosys Technologies IT Consulting & OtherServices

3.9% - 0.0% 1.9 147.6 - 700.0 13'749.05

Bank ofCommunications

Diversified Banks 3.3% - 0.0% 0.2 17.6 - 131.1 11'488.11

SK Telecom WirelessTelecommunicationServices

3.0% - 0.2% 5.9 810.9 - 994.8 9'600.37

Industrial Bank OfKorea

Diversified Banks 2.4% - 0.0% 0.2 24.1 - 98.0 8'504.52

Banco SantanderBrasil

Diversified Banks 2.4% - 0.0% 0.2 19.6 - 94.4 8'188.68

RadiantOpto-Electronics

Semiconductors 2.2% - 0.8% 14.3 2'661.7 - 870.6 4'933.64

China Petroleum &Chemical

Integrated Oil & Gas 2.1% - 3.8% 35.2 12'382.7 - 9'886.3 -5'410.99

ShanghaiPetrochemical

Commodity Chemicals 2.1% - 1.1% 23.9 3'415.3 - 6'847.2 3'721.70

China MinshengBanking CNY

Diversified Banks 2.0% - 0.0% 0.5 51.8 - 82.2 7'075.55

Megacable Holdings Cable & Satellite 1.8% - 0.2% 19.2 545.1 - 152.8 5'824.00

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Scope 3 OverviewThe following section provides a top-down approximation of thefinanced scope 3 emissions from each sector. The purpose of thisanalysis is to give an order of magnitude of the emissions in theportfolio on a sector level and should not be used as a basis forcomparing two individual companies.The methodology includes Scope 1, 2 and Scope 3 upstream andproduct use downstream.

The following graph shows the financed scope 1+2 emissions inrelation to the scope 3 emissions of the portfolio.

Energy Materials Industrials ConsumerDiscretionary

ConsumerStaples

HealthCare

Financials InformationTechnology

TelecommunicationServices

Utilities0%

10%

20%

30%

40%

50%

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70%

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100%

662'105

76'494

72'027

54'467

41'045

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12'158

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7'248

2'817

15

7

2'293

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41'441

16'975

8'906

4'490

199'166

154'794Scope 3Scope 1&2

The graph below compares the total emissions (including Scope 1,Scope2 and Scope 3) between portfolio and benchmark.

Portfolio Benchmark0

500000

1000000

1500000

1'046'404

328'894

269'665

99'256Scope 3Scope 1&2

*) The methodology includes Scope 1, 2 and Scope 3 upstream and product use downstream.

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Company Sector & BreakdownThis table presents all holdings in the portfolio, sorted by sector,following the logic from the sections above.

It shows how each company contributes to the overall portfoliofootprint. It allows you to see which stocks are the greatestcontributors to the portfolio’s emission in absolute as well as relativeterms.

The -/+ signs on the far right indicate if a specific holding raises orreduces the carbon footprint of the portfolio. This helps with portfoliooptimization and in managing the overall carbon portfolio footprintwithout comprising the chosen sector allocation.

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Oil & Gas Drilling 0.0% 0.0% 0.0% 42.9 0.1 12.1 2.0 0.4 +

China Oilfield Services Ltd ORD 0.0% - 0.0% 38.6 0.1 - 1.8 0.4

Velesto Energy Bhd ORD 0.0% - 0.0% 241.4 0.0 - 0.1 0.0

Gulf International Services QSC ORD 0.0% - 0.0% 7.1 0.0 - 0.1 0.0

Oil & Gas Equipment & Services 0.0% 0.3% 0.0% 9.3 5.2 100.6 17.4 32.7 +

TechnipFMC PLC ORD 0.0% 0.0% 0.0% 7.9 4.4 9.6 17.0 32.5

Anton Oilfield Services Group ORD 0.0% - 0.0% 8.9 0.0 - 0.0 0.0

Bumi Armada Bhd ORD 0.0% - 0.0% 213.1 0.0 - 0.0 -0.0

Sapura Energy Bhd ORD 0.0% - 0.0% 42.5 0.1 - 0.0 -0.0

Dialog Group Bhd ORD 0.0% - 0.0% 3.9 0.0 - 0.3 0.6

Yinson Holdings Bhd ORD 0.0% - 0.0% 38.0 0.0 - 0.1 0.2

Trubnaya Metallurgicheskaya Kompaniya PAO DR 0.0% - 0.0% 207.4 0.7 - 0.0 -0.6

Integrated Oil & Gas 5.3% 3.4% 13.1% 62.1 42'425.4 9'738.8 25'420.6 -25'605.7 -

Petroleo Brasileiro SA Petrobras ORD 0.0% - 0.0% 90.4 13.2 - 7.9 -7.5

Petroleo Brasileiro SA Petrobras PFD 0.0% - 0.0% 90.4 15.6 - 9.3 -8.9

China Petroleum & Chemical 2.1% - 3.8% 35.2 12'382.7 - 9'886.3 -5'411.0

PetroChina Co Ltd ORD 0.0% - 0.0% 79.1 5.5 - 4.6 -2.2

Ecopetrol SA ORD 0.0% - 0.0% 59.6 0.7 - 1.5 0.4

Total SA ORD 0.1% 0.4% 0.1% 50.8 263.1 1'103.7 406.3 28.2

MOL Hungarian Oil and Gas Nyrt 0.8% - 2.4% 71.5 7'808.0 - 3'739.2 -5'169.2

Polskie Gornictwo Naftowe i Gazownictwo SA ORD 0.0% - 0.0% 89.4 1.2 - 1.2 -0.3

Gazprom OAO 0.9% - 5.1% 142.9 16'415.2 - 4'437.8 -13'361.8

Surgutneftegaz PAO ORD 0.3% - 0.0% 7.5 113.5 - 1'373.7 873.8

NK Lukoil PAO ORD 0.0% - 0.0% 33.2 10.1 - 12.6 -1.1

Surgutneftegaz PAO PFD 0.3% - 0.0% 8.4 145.8 - 1'581.7 991.4

Gazprom Neft 0.3% - 0.7% 75.9 2'146.3 - 1'618.8 -989.4

NK Rosneft' PAO ORD 0.0% - 0.0% 111.6 0.4 - 0.2 -0.3

PTT PCL DR 0.0% - 0.0% 77.8 7.3 - 5.4 -3.4

Esso Thailand PCL DR 0.0% - 0.0% 3.1 0.0 - 0.2 0.1

Gazprom PAO DR 0.0% - 0.0% 142.9 0.2 - 0.1 -0.2

Gazprom Neft JSC (USD London) 0.5% - 1.0% 75.9 3'091.2 - 2'331.4 -1'427.1

NK Rosneft' PAO DR 0.0% - 0.0% 111.6 5.5 - 2.3 -3.8

Oil & Gas Exploration & Production 0.6% 1.1% 0.7% 109.3 2'255.6 2'024.8 85.6 -303.6 -

Dommo Energia SA ORD 0.0% - 0.0% 155.1 0.0 - 0.0 -0.0

QGEP Participacoes SA ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.0

CNOOC Ltd ORD 0.0% - 0.0% 39.7 1.8 - 0.3 5.4

Medco Energi Internasional Tbk PT ORD 0.0% - 0.0% 71.6 0.1 - 0.0 0.0

Sugih Energy Tbk PT ORD 0.0% - 0.0% 3'694.0 0.0 - 0.0 0.0

OIL & NATURAL GAS COMPANY 0.4% - 0.5% 97.2 1'571.8 - 66.3 -58.2

Hibiscus Petroleum Bhd ORD 0.0% - 0.0% 51.5 0.0 - 0.0 0.0

Pakistan Oilfields Ltd ORD 0.0% - 0.0% 7.7 0.0 - 0.0 0.1

Oil and Gas Development Co Ltd ORD 0.0% - 0.0% 42.6 0.0 - 0.0 0.1

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Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Tatneft' PAO ORD 0.1% - 0.2% 155.1 679.8 - 18.6 -254.8

PTT Exploration and Production PCL DR 0.0% - 0.0% 130.7 1.2 - 0.1 0.2

Noble Energy Inc ORD 0.0% 0.0% 0.0% 86.1 0.4 35.9 0.0 0.5

Novatek PAO DR 0.0% - 0.0% 19.1 0.4 - 0.2 3.7

Parsley Energy Inc ORD 0.0% 0.0% 0.0% 155.1 0.1 7.6 0.0 0.4

Oil & Gas Refining & Marketing 4.0% 0.5% 7.2% 56.0 23'449.8 2'326.8 31'604.4 -10'370.9 -

Cosan SA Industria e Comercio ORD 0.0% - 0.0% 62.3 0.3 - 1.1 0.2

Empresas Copec SA ORD 0.0% - 0.0% 0.2 0.0 - 3.3 1.4

Hellenic Petroleum 0.1% - 0.2% 70.9 663.7 - 446.8 -473.2

Motor Oil (Hellas) 1.5% - 3.1% 38.3 10'062.9 - 11'801.0 -5'099.4

Reliance Industries Ltd ORD 0.0% - 0.0% 64.3 8.1 - 27.7 3.7

Bharat Petroleum Corporation Ltd ORD 0.0% - 0.0% 13.0 0.5 - 2.1 0.4

Hindustan Petroleum Corp Ltd ORD 0.0% - 0.0% 13.8 0.4 - 1.1 0.1

Chennai Petroleum Corporation Ltd ORD 0.0% - 0.0% 21.1 0.0 - 0.0 -0.0

Indian Oil Corpn Ltd ORD 0.0% - 0.0% 27.3 0.8 - 1.5 -0.2

S-Oil Corp ORD 0.0% - 0.0% 66.4 1.4 - 2.4 -0.4

GS Holdings Corp ORD 0.0% - 0.0% 30.2 0.7 - 1.5 -0.1

SK Innovation Co Ltd ORD 0.0% - 0.0% 46.3 4.4 - 6.3 -1.7

Petronas Dagangan Bhd ORD 0.0% - 0.0% 1.8 0.0 - 0.9 0.4

Petron Corp ORD 0.0% - 0.0% 16.2 0.1 - 0.2 -0.0

Pakistan State Oil Company Ltd ORD 0.0% - 0.0% 27.5 0.3 - 0.1 -0.2

Grupa Lotos SA ORD 0.0% - 0.0% 60.6 1.2 - 1.5 -0.6

Polski Koncern Naftowny 1.1% - 1.3% 40.9 4'345.1 - 8'770.0 -605.8

Bangchak Corporation PCL DR 0.0% - 0.0% 41.0 0.2 - 0.3 -0.1

Thai Oil PCL DR 0.0% - 0.0% 56.3 0.7 - 1.3 -0.2

Turkiye Petrol Rafinerileri AS ORD 0.0% - 0.0% 27.4 0.5 - 1.9 0.3

Formosa Petrochemical 1.3% - 2.6% 209.9 8'357.9 - 10'532.3 -3'911.9

Reliance Industries Ltd DR 0.0% - 0.0% 64.3 0.2 - 0.7 0.1

Oil & Gas Storage & Transportation 0.4% 0.7% 1.5% 156.3 4'973.9 1'705.8 3'867.3 -3'615.5 -

Kunlun Energy Company Ltd ORD 0.4% - 1.5% 156.9 4'966.4 - 3'828.7 -3'621.6

Sinopec Kantons Holdings Ltd ORD 0.0% - 0.0% 62.4 0.0 - 0.4 0.1

Ultrapar Participacoes SA ORD 0.0% - 0.0% 2.4 0.1 - 3.9 1.3

China Suntien Green Energy Corp Ltd ORD 0.0% - 0.0% 3.8 0.0 - 0.5 0.2

Great Eastern Shipping Company Ltd ORD 0.0% - 0.0% 158.8 0.1 - 0.3 -0.1

Aegis Logistics Ltd ORD 0.0% - 0.0% 3.5 0.0 - 0.0 0.0

SK Gas Ltd ORD 0.0% - 0.0% 8.0 0.1 - 0.3 0.0

Qatar Gas Transport Co Ltd ORD 0.0% - 0.0% 262.0 0.5 - 0.8 -0.2

Transneft' PAO PFD 0.0% - 0.0% 250.4 3.1 - 0.6 -2.9

Siamgas and Petrochemicals PCL DR 0.0% - 0.0% 276.6 0.7 - 0.2 -0.6

ONEOK Inc ORD 0.0% 0.1% 0.0% 25.2 2.2 45.5 28.7 8.0

Targa Resources Corp ORD 0.0% 0.0% 0.0% 52.1 0.7 50.8 3.0 0.4

Coal & Consumable Fuels 1.6% 0.0% 0.5% 29.7 1'530.3 22.2 12'674.1 4'011.8 +

Inner Mongolia Yitai Coal Co Ltd ORD 0.0% - 0.0% 76.7 0.4 - 0.8 -0.0

China Shenhua Energy Co Ltd ORD 0.0% - 0.0% 79.3 1.3 - 4.8 0.8

Yanzhou Coal Mining Co Ltd ORD 0.0% - 0.0% 79.3 0.4 - 1.1 0.1

China Coal Energy Co Ltd ORD 0.0% - 0.0% 298.7 0.2 - 0.1 -0.1

United Tractors Tbk PT ORD 0.2% - 0.0% 12.3 44.5 - 1'247.4 495.2

Bumi Resources Tbk PT ORD 0.0% - 0.0% 5'494.6 0.2 - 0.3 -0.1

PT Tambang Batubara Bukit Asam 1.4% - 0.5% 31.0 1'482.4 - 11'416.0 3'502.0

10

Page 11: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Adaro Energy Tbk PT ORD 0.0% - 0.0% 75.9 0.3 - 0.9 0.1

Coal India Ltd ORD 0.0% - 0.0% 67.9 0.4 - 1.3 0.2

Exxaro Resources Ltd ORD 0.0% - 0.0% 60.0 0.2 - 1.5 0.4

Commodity Chemicals 4.8% 0.2% 3.8% 52.0 12'223.1 797.2 15'860.5 4'338.9 +

Braskem SA PFD 0.0% - 0.0% 82.5 1.3 - 0.6 -0.7

Shanghai Chlor-Alkali Chemical Co Ltd ORD 0.0% - 0.0% 15.7 0.0 - 0.0 0.0

Shanghai Petrochemical 2.1% - 1.1% 23.9 3'415.3 - 6'847.2 3'721.7

Alexandria Mineral Oils Co SAE ORD 0.0% - 0.0% 15.7 0.0 - 0.0 0.0

Sidi Kerir Petrochemicals Co SAE ORD 0.0% - 0.0% 23.8 0.0 - 0.0 0.0

Silver Grant International Industries Ltd ORD 0.0% - 0.0% 12.6 0.0 - 0.0 0.0

Himadri Speciality Chemical Ltd ORD 0.0% - 0.0% 34.2 0.0 - 0.0 0.0

Supreme Industries Ltd ORD 0.0% - 0.0% 15.0 0.0 - 0.1 0.1

Rain Industries Ltd ORD 0.0% - 0.0% 500.4 0.3 - 0.0 -0.2

Taekwang Industrial Co Ltd ORD 0.0% - 0.0% 61.7 0.3 - 0.2 -0.1

Hyosung Corp ORD 0.3% - 0.2% 15.5 673.1 - 1'008.9 367.9

SK Discovery Co Ltd ORD 0.0% - 0.0% 10.6 0.0 - 0.0 0.0

Korea Petro Chemical Ind Co Ltd ORD 0.0% - 0.0% 104.0 0.2 - 0.1 -0.1

AK Holdings Inc ORD 0.0% - 0.0% 17.9 0.1 - 0.1 -0.0

Hanwha Chemical Corp ORD 0.0% - 0.0% 32.7 0.5 - 0.5 0.0

Lotte Chemical Corp ORD 0.0% - 0.0% 63.4 1.2 - 1.0 -0.1

Kumho Petro Chemical Co Ltd ORD 0.0% - 0.0% 52.6 0.4 - 0.3 -0.0

SKC Co Ltd ORD 0.0% - 0.0% 50.2 0.3 - 0.2 -0.0

LG Chem Ltd ORD 0.0% - 0.0% 63.1 2.9 - 3.6 0.8

LG Chem Ltd PFD 0.0% - 0.0% 63.1 0.3 - 0.4 0.1

STCube Inc ORD 0.0% - 0.0% 8.3 0.0 - 0.1 0.1

Ecopro Co Ltd ORD 0.0% - 0.0% 47.8 0.0 - 0.1 0.1

Foosung Co Ltd ORD 0.0% - 0.0% 284.4 0.1 - 0.1 0.0

Kolon Industries Inc ORD 0.0% - 0.0% 20.0 0.2 - 0.3 0.1

SKC Kolon PI Inc ORD 0.0% - 0.0% 65.0 0.1 - 0.1 0.1

China Sanjiang Fine Chemicals 0.0% - 0.1% 38.1 168.4 - 105.1 -60.0

Mexichem SAB de CV ORD 0.0% - 0.0% 33.3 0.5 - 0.7 0.2

Scientex Bhd ORD 0.0% - 0.0% 29.2 0.0 - 0.2 0.1

Petronas Chemicals Group 1.7% - 1.6% 223.6 5'122.3 - 5'616.8 679.2

Ciech SA ORD 0.0% - 0.0% 42.8 0.1 - 0.1 0.0

Vinythai PCL DR 0.0% - 0.0% 55.4 0.0 - 0.0 0.0

Petkim Petrokimya Holding 0.6% - 0.7% 150.7 2'429.8 - 1'937.7 -435.1

SASA Polyester Sanayi AS ORD 0.0% - 0.0% 15.6 0.0 - 0.0 0.0

Formosa Plastics Corp ORD 0.0% - 0.0% 190.1 3.4 - 3.4 0.1

Nan Ya Plastics Corp ORD 0.0% - 0.0% 84.2 2.0 - 2.9 1.0

USI Corp ORD 0.0% - 0.0% 9.9 0.0 - 0.1 0.0

China General Plastics Corp ORD 0.0% - 0.0% 5.9 0.0 - 0.0 0.0

Taiwan Styrene Monomer Corp ORD 0.0% - 0.0% 27.1 0.0 - 0.1 0.0

Grand Pacific Petrochemical Corp ORD 0.1% - 0.1% 125.8 364.3 - 232.0 -125.3

UPC Technology Corp ORD 0.0% - 0.0% 6.6 0.0 - 0.0 0.0

China Petrochemical Development Corp ORD 0.0% - 0.0% 241.6 0.8 - 0.3 -0.5

Formosa Chemicals & Fibre Corp ORD 0.0% - 0.0% 123.4 3.3 - 2.8 -0.5

Shinkong Synthetic Fiber Corp ORD 0.0% - 0.0% 45.6 0.2 - 0.1 -0.1

Oriental Union Chemical Corp ORD 0.0% - 0.0% 51.9 0.1 - 0.2 0.1

11

Page 12: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Eternal Materials Co Ltd ORD 0.0% - 0.0% 8.2 0.0 - 0.2 0.2

China Man-Made Fiber Corp ORD 0.0% - 0.0% 57.9 0.2 - 0.1 -0.1

TSRC Corp ORD 0.0% - 0.0% 78.0 0.2 - 0.1 -0.0

China Synthetic Rubber Corp ORD 0.0% - 0.0% 54.2 0.1 - 0.2 0.1

Qualipoly Chemical 0.0% - 0.0% 12.7 30.8 - 93.6 65.6

Diversified Chemicals 0.0% 0.4% 0.0% 467.9 31.0 1'131.4 8.8 -25.1 -

Tata Chemicals Ltd ORD 0.0% - 0.0% 307.6 0.7 - 0.2 -0.5

Atul Ltd ORD 0.0% - 0.0% 57.8 0.0 - 0.1 0.0

Godrej Industries Ltd ORD 0.0% - 0.0% 7.3 0.0 - 0.2 0.1

Pidilite Industries Ltd ORD 0.0% - 0.0% 74.7 0.1 - 0.6 0.3

BASF India Ltd ORD 0.0% - 0.0% 69.5 0.1 - 0.1 -0.1

DCM Shriram Ltd ORD 0.0% - 0.0% 85.9 0.0 - 0.0 -0.0

Lotte Fine Chemical Co Ltd ORD 0.0% - 0.0% 83.7 0.2 - 0.4 0.0

OCI Co Ltd ORD 0.0% - 0.0% 129.6 0.8 - 0.6 -0.4

Fufeng Group Ltd ORD 0.0% - 0.0% 22.4 0.1 - 0.3 0.1

Omnia Holdings Ltd ORD 0.0% - 0.0% 12.0 0.0 - 0.2 0.1

Sasol Ltd ORD 0.0% - 0.0% 655.5 28.9 - 6.1 -24.8

Fertilizers & Agricultural Chemicals 0.0% 0.1% 0.0% 136.6 5.1 683.4 3.7 -0.9 -

Sinofert Holdings Ltd ORD 0.0% - 0.0% 8.6 0.0 - 0.0 0.0

Sociedad Quimica y Minera de Chile SA PFD 0.0% - 0.0% 37.7 0.1 - 1.1 1.1

China BlueChemical Ltd ORD 0.0% - 0.0% 55.5 0.2 - 0.2 0.0

Chambal Fertilisers and Chemicals Ltd ORD 0.0% - 0.0% 102.0 0.0 - 0.0 -0.0

Gujarat Narmada Valley Fertilizers & Chemicals LtdORD

0.0% - 0.0% 42.3 0.0 - 0.1 0.0

Coromandel International Ltd ORD 0.0% - 0.0% 8.2 0.0 - 0.2 0.2

Bayer CropScience Ltd ORD 0.0% - 0.0% 2'136.0 0.9 - 0.1 -0.8

Rallis India Ltd ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.1

UPL Ltd ORD 0.0% - 0.0% 17.4 0.1 - 0.8 0.8

Namhae Chemical Corp ORD 0.0% - 0.0% 8.4 0.0 - 0.0 0.0

Engro Corporation Ltd ORD 0.0% - 0.0% 288.9 1.1 - 0.1 -0.9

Fauji Fertilizer Company Ltd ORD 0.0% - 0.0% 308.6 0.5 - 0.1 -0.4

Fauji Fertilizer Bin Qasim Ltd ORD 0.0% - 0.0% 84.7 0.1 - 0.0 -0.0

Engro Fertilizers Ltd ORD 0.0% - 0.0% 163.1 0.2 - 0.1 -0.1

Grupa Azoty SA ORD 0.0% - 0.0% 408.2 1.1 - 0.1 -1.0

PhosAgro PAO DR 0.0% - 0.0% 72.3 0.3 - 0.4 0.1

China XLX Fertiliser Ltd ORD 0.0% - 0.0% 81.3 0.0 - 0.0 -0.0

Taiwan Fertilizer Co Ltd ORD 0.0% - 0.0% 146.9 0.3 - 0.3 0.1

Industrial Gases 0.0% 0.3% 0.0% 156.3 141.9 1'250.2 209.3 -9.3 -

Air Liquide SA ORD 0.0% 0.1% 0.0% 156.4 141.8 548.9 208.9 -9.5

SK Materials Co Ltd ORD 0.0% - 0.0% 46.1 0.0 - 0.4 0.2

Specialty Chemicals 0.0% 0.9% 0.0% 39.2 1.7 534.8 4.0 3.9 +

Huabao International Holdings Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.1 0.1

Asian Paints Ltd ORD 0.0% - 0.0% 4.3 0.0 - 1.0 1.4

Akzo Nobel India Ltd ORD 0.0% - 0.0% 3.5 0.0 - 0.1 0.1

Vinati Organics Ltd ORD 0.0% - 0.0% 14.0 0.0 - 0.0 0.0

Gujarat Fluorochemicals Ltd ORD 0.0% - 0.0% 14.6 0.0 - 0.1 0.1

Aarti Industries Ltd ORD 0.0% - 0.0% 13.8 0.0 - 0.1 0.1

Songwon Industrial Co Ltd ORD 0.0% - 0.0% 25.4 0.0 - 0.0 0.0

Dongjin Semichem Co Ltd ORD 0.0% - 0.0% 17.3 0.0 - 0.0 0.1

Hansol Chemical Co Ltd ORD 0.0% - 0.0% 43.5 0.1 - 0.1 0.1

12

Page 13: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

SoulBrain Co Ltd ORD 0.0% - 0.0% 15.7 0.0 - 0.1 0.1

Huchems Fine Chemical Corp ORD 0.0% - 0.0% 71.6 0.1 - 0.1 0.0

Dongyue Group Ltd ORD 0.0% - 0.0% 94.4 0.2 - 0.1 -0.1

D&L; Industries Inc ORD 0.0% - 0.0% 1.8 0.0 - 0.1 0.2

Soda Sanayii AS ORD 0.0% - 0.0% 24.8 0.0 - 0.1 0.1

Everlight Chemical Industrial Corp ORD 0.0% - 0.0% 35.9 0.0 - 0.1 0.0

China Steel Chemical Corp ORD 0.0% - 0.0% 58.6 0.0 - 0.1 0.1

Nantex Industry Co Ltd ORD 0.0% - 0.0% 5.0 0.0 - 0.0 0.0

Celanese Corp ORD 0.0% 0.0% 0.0% 47.9 0.7 40.4 1.6 1.4

AECI Ltd ORD 0.0% - 0.0% 46.4 0.3 - 0.2 -0.1

Construction Materials 0.0% 0.3% 0.1% 458.7 415.1 3'876.5 412.9 -344.7 -

Anhui Conch Cement Co Ltd ORD 0.0% - 0.0% 563.9 6.1 - 9.9 -4.5

China National Building Material Co Ltd ORD 0.0% - 0.0% 1.9 0.1 - 5.2 0.8

Bbmg Corp ORD 0.0% - 0.0% 537.6 1.2 - 0.8 -1.1

Cementos Argos SA ORD 0.0% - 0.0% 312.9 0.9 - 1.7 -0.7

Grupo Argos SA ORD 0.0% - 0.0% 246.0 1.7 - 2.6 -1.3

CEMEX Latam Holdings SA ORD 0.0% - 0.0% 368.2 0.2 - 0.2 -0.1

Titan Cement Company SA ORD 0.0% - 0.0% 938.2 4.0 - 1.7 -3.7

Indocement Tunggal Prakarsa Tbk PT ORD 0.0% - 0.0% 1'031.4 2.4 - 3.6 -1.8

Semen Indonesia (Persero) Tbk PT ORD 0.0% - 0.0% 1'146.9 6.7 - 3.9 -6.0

Grasim Industries Ltd ORD 0.0% - 0.0% 466.4 7.9 - 4.9 -7.1

Century Textile and Industries Ltd ORD 0.0% - 0.0% 423.3 0.5 - 0.7 -0.4

Shree Cement Ltd ORD 0.0% - 0.0% 1'068.5 1.3 - 2.4 -0.8

Ambuja Cements Ltd ORD 0.0% - 0.0% 569.2 2.1 - 3.1 -1.6

Ramco Cements Ltd ORD 0.0% - 0.0% 479.5 0.4 - 1.0 -0.2

India Cements Ltd ORD 0.0% - 0.0% 383.8 0.6 - 0.5 -0.5

UltraTech Cement Ltd ORD 0.0% - 0.0% 1'009.0 5.5 - 7.0 -4.3

West China Cement Ltd ORD 0.0% - 0.0% 1'331.0 2.0 - 0.7 -1.9

Tongyang Inc ORD 0.0% - 0.0% 334.1 0.5 - 0.6 -0.4

Hanil Holdings Co Ltd ORD 0.0% - 0.0% 435.6 0.2 - 0.1 -0.2

Posco Chemtech Co Ltd ORD 0.0% - 0.0% 4.4 0.0 - 1.7 0.3

Eugene Corp ORD 0.0% - 0.0% 131.9 0.5 - 0.5 -0.4

Sampyo Cement Co Ltd ORD 0.0% - 0.0% 527.7 0.7 - 0.3 -0.7

Asia Cement Co Ltd ORD 0.0% - 0.0% 929.2 1.3 - 0.2 -1.3

Asia Cement (China) Holdings Corp ORD 0.0% - 0.0% 849.1 0.7 - 0.2 -0.7

China Resources Cement Holdings Ltd ORD 0.0% - 0.0% 563.7 4.8 - 3.3 -4.2

Cemex SAB de CV ORD 0.0% - 0.0% 469.9 20.3 - 11.7 -18.3

Cahya Mata Sarawak Bhd ORD 0.0% - 0.0% 29.4 0.0 - 0.6 0.1

Lafarge Malaysia Bhd ORD 0.0% - 0.0% 521.9 0.2 - 0.3 -0.2

D G Khan Cement Company Ltd ORD 0.0% - 0.0% 578.9 0.2 - 0.2 -0.2

Lucky Cement Ltd ORD 0.0% - 0.0% 295.9 0.3 - 0.5 -0.2

Fauji Cement Company Ltd ORD 0.0% - 0.0% 510.4 0.1 - 0.1 -0.1

Qatar National Cement Co QSC ORD 0.0% - 0.0% 1'024.2 0.7 - 0.8 -0.6

Siam Cement PCL DR 0.0% - 0.0% 238.5 4.0 - 7.7 -2.7

TPI Polene PCL DR 0.0% - 0.0% 853.1 0.1 - 0.1 -0.1

Bolu Cimento 0.0% - 0.1% 491.8 328.8 - 321.2 -274.0

Taiwan Cement Corp ORD 0.0% - 0.0% 181.3 2.4 - 7.6 -1.1

Asia Cement Corp ORD 0.0% - 0.0% 276.2 1.9 - 3.6 -1.3

13

Page 14: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Universal Cement Corp ORD 0.0% - 0.0% 685.0 0.3 - 0.5 -0.2

Goldsun Building Materials Co Ltd ORD 0.0% - 0.0% 499.8 0.7 - 0.2 -0.7

PPC Ltd ORD 0.0% - 0.0% 700.7 2.5 - 1.0 -2.3

Metal & Glass Containers 0.0% 0.1% 0.0% 37.9 0.3 77.7 0.3 0.1 +

CPMC Holdings Ltd ORD 0.0% - 0.0% 48.4 0.0 - 0.0 0.0

Time Technoplast Ltd ORD 0.0% - 0.0% 11.5 0.0 - 0.0 0.1

LOCK&LOCK; Co Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.1 0.1

Taiwan Hon Chuan Enterprise Co Ltd ORD 0.0% - 0.0% 26.8 0.0 - 0.1 0.0

Nampak Ltd ORD 0.0% - 0.0% 48.1 0.2 - 0.1 -0.1

Paper Packaging 0.0% 0.2% 0.0% 86.7 1.1 502.5 1.0 0.2 +

Klabin SA 0.0% - 0.0% 33.4 0.2 - 0.8 0.8

Greatview Aseptic Packaging Co Ltd ORD 0.0% - 0.0% 27.9 0.0 - 0.1 0.1

Youyuan International Holdings Ltd ORD 0.0% - 0.0% 125.1 0.0 - 0.0 -0.0

Cheng Loong Corp ORD 0.0% - 0.0% 141.8 0.9 - 0.1 -0.7

Aluminum 0.0% 0.0% 0.0% 163.9 7.5 181.7 9.2 -5.4 -

Aluminum Corp of China Ltd ORD 0.0% - 0.0% 163.8 1.5 - 1.7 -1.1

Hindalco Industries Ltd ORD 0.0% - 0.0% 140.4 3.8 - 3.9 -2.9

National Aluminium Co Ltd ORD 0.0% - 0.0% 999.5 1.0 - 0.5 -0.9

China Hongqiao Group Ltd ORD 0.0% - 0.0% 168.8 0.9 - 1.2 -0.6

China Zhongwang Holdings Ltd ORD 0.0% - 0.0% 32.2 0.0 - 0.3 0.0

Press Metal Aluminium Holdings Bhd ORD 0.0% - 0.0% 136.8 0.3 - 1.5 0.1

Diversified Metals & Mining 0.0% 0.8% 0.0% 158.0 10.7 2'988.1 15.3 -2.1 -

China Molybdenum Co Ltd ORD 0.0% - 0.0% 91.1 0.0 - 0.7 0.3

Zhejiang Huayou Cobalt Co Ltd ORD 0.0% - 0.0% 124.0 0.0 - 0.1 0.0

MMG Ltd ORD 0.0% - 0.0% 44.0 0.1 - 0.4 0.1

Aneka Tambang Tbk PT ORD 0.0% - 0.0% 295.5 0.8 - 0.4 -0.6

Timah Tbk PT ORD 0.0% - 0.0% 187.2 0.5 - 0.2 -0.4

Vedanta Ltd ORD 0.0% - 0.0% 420.1 4.0 - 1.4 -3.2

Youngpoong Corp ORD 0.0% - 0.0% 44.2 0.0 - 0.0 -0.0

Korea Zinc Inc ORD 0.0% - 0.0% 70.1 0.6 - 1.5 0.2

Poongsan Corp ORD 0.0% - 0.0% 11.8 0.1 - 0.3 0.1

Grupo Mexico SAB de CV ORD 0.0% - 0.0% 118.5 1.6 - 3.7 0.6

Volcan Compania Minera SAA PFD 0.0% - 0.0% 214.9 0.1 - 0.2 -0.0

GMK Noril'skiy Nikel' PAO ORD 0.0% - 0.0% 132.3 2.6 - 5.9 0.8

African Rainbow Minerals Ltd ORD 0.0% - 0.0% 216.3 0.3 - 0.5 -0.0

Gold 0.0% 0.2% 0.0% 133.0 9.2 306.2 3.9 -4.1 -

Zhaojin Mining Industry Co Ltd ORD 0.0% - 0.0% 86.2 0.2 - 0.2 0.1

Zijin Mining Group Co Ltd ORD 0.0% - 0.0% 129.2 1.1 - 0.4 -0.5

Polyus PAO ORD 0.0% - 0.0% 145.8 0.4 - 0.4 0.1

Koza Altin Isletmeleri AS ORD 0.0% - 0.0% 42.1 0.0 - 0.1 0.1

Compania de Minas Buenaventura SAA DR 0.0% - 0.0% 107.8 0.4 - 0.6 0.3

Harmony Gold Mining Company Ltd ORD 0.0% - 0.0% 224.1 1.6 - 0.2 -1.4

Gold Fields Ltd ORD 0.0% - 0.0% 32.6 0.4 - 0.6 0.4

AngloGold Ashanti Ltd ORD 0.0% - 0.0% 130.5 3.4 - 1.1 -2.0

Sibanye Gold Ltd ORD 0.0% - 0.0% 282.1 1.7 - 0.3 -1.3

Precious Metals & Minerals 0.5% 0.0% 0.3% 52.2 907.3 3.5 1'102.0 755.3 +

Polymetal International PLC ORD 0.0% - 0.0% 54.4 0.1 - 0.2 0.2

Industrias Penoles SAB de CV ORD 0.0% - 0.0% 68.5 0.3 - 0.3 0.2

Alrosa 0.5% - 0.3% 52.1 903.9 - 1'100.5 756.5

Anglo American Platinum Ltd ORD 0.0% - 0.0% 146.1 1.1 - 0.4 -0.4

14

Page 15: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Northam Platinum Ltd ORD 0.0% - 0.0% 165.5 0.2 - 0.2 0.1

Impala Platinum Holdings Ltd ORD 0.0% - 0.0% 148.9 1.7 - 0.3 -1.2

Steel 5.0% 0.2% 11.3% 170.2 36'805.1 5'678.7 128'980.2 -20'955.4 -

China Oriental Group 0.6% - 3.3% 181.5 10'652.8 - 15'961.2 -8'613.7

Companhia Siderurgica Nacional ORD 0.0% - 0.0% 279.8 3.5 - 3.3 -3.0

Gerdau SA PFD 0.0% - 0.0% 7.5 0.3 - 8.3 0.8

Metalurgica Gerdau SA PFD 0.0% - 0.0% 644.3 7.1 - 2.7 -6.7

Vale SA ORD 0.0% - 0.0% 59.7 5.0 - 72.4 4.5

CAP SA ORD 0.0% - 0.0% 27.0 0.1 - 1.6 0.1

Baoshan Iron & Steel Co Ltd ORD 0.0% - 0.0% 338.7 0.7 - 0.9 -0.6

Inner Mongolia BaoTou Steel Union Co Ltd ORD 0.0% - 0.0% 537.1 0.5 - 1.3 -0.3

Angang Steel Co Ltd ORD 0.0% - 0.0% 320.0 0.9 - 0.9 -0.8

Maanshan Iron & Steel Co Ltd ORD 0.4% - 3.7% 317.2 11'980.5 - 9'802.8 -10'736.4

Ezz Steel Co SAE ORD 0.0% - 0.0% 300.9 0.5 - 0.3 -0.4

Shougang Fushan Resources Group Ltd ORD 0.0% - 0.0% 155.2 0.1 - 1.2 0.1

JSW Steel Ltd ORD 0.0% - 0.0% 731.6 15.4 - 6.3 -14.5

Tata Steel Ltd ORD 0.0% - 0.0% 170.8 3.3 - 4.7 -2.6

Jindal Steel And Power Ltd ORD 0.0% - 0.0% 910.6 3.7 - 1.4 -3.5

Dongkuk Steel Mill Co Ltd ORD 0.0% - 0.0% 8.6 0.1 - 0.9 0.0

SeAH Besteel Corp ORD 0.0% - 0.0% 68.5 0.2 - 0.6 -0.1

Kiswire Co Ltd ORD 0.0% - 0.0% 25.9 0.0 - 0.4 0.0

Hyundai Steel Co ORD 0.0% - 0.0% 163.1 5.4 - 7.0 -4.5

Posco ORD 0.0% - 0.0% 228.3 32.7 - 34.8 -28.1

Jenax Inc ORD 0.0% - 0.0% 163.4 0.0 - 0.3 0.0

Tiangong International Co Ltd ORD 0.0% - 0.0% 375.6 0.1 - 0.1 -0.1

Industrias CH SAB de CV ORD 0.0% - 0.0% 222.6 0.3 - 0.6 -0.2

International Steels Ltd ORD 0.0% - 0.0% 236.2 0.0 - 0.1 -0.0

Jastrzebska Spolka Weglowa SA ORD 0.0% - 0.0% 80.5 0.2 - 1.9 0.1

Novolipetsk Steel PAO ORD 0.0% - 0.0% 4.9 0.0 - 5.4 0.7

Severstal 0.9% - 2.7% 334.6 8'832.4 - 22'613.6 -5'919.4

Magnitogorsk Iron&Steel; Works Russia 0.9% - 0.0% 3.3 137.0 - 23'345.8 2'952.0

Raspadskaya PAO ORD 0.0% - 0.0% 114.6 0.1 - 0.6 -0.0

Eregli Demir ve Celik Fabrikalari 0.5% - 1.2% 319.2 3'916.8 - 13'581.9 -2'147.0

Kardemir Karabuk Demir Celik Sanayi ve Ticaret ASORD

0.0% - 0.0% 696.6 1.2 - 0.9 -1.0

China Metal Products Co Ltd ORD 0.0% - 0.0% 332.3 0.5 - 0.4 -0.4

China Steel Corp ORD 0.0% - 0.0% 291.9 9.9 - 19.4 -7.4

Tung Ho Steel Enterprise Corp ORD 0.0% - 0.0% 63.3 0.2 - 1.3 -0.0

Chung Hung Steel Corp ORD 0.0% - 0.0% 35.5 0.0 - 0.2 -0.0

Feng Hsin Steel Co Ltd ORD 0.1% - 0.1% 115.2 231.7 - 1'337.6 -56.3

Yieh Phui Enterprise Co Ltd ORD 0.0% - 0.0% 13.2 0.0 - 0.5 0.0

Ta Chen Stainless Pipe Co Ltd ORD 0.0% - 0.0% 138.8 2.5 - 3.2 -2.0

Hsin Kuang Steel Co Ltd ORD 0.0% - 0.0% 271.9 0.1 - 0.3 -0.1

YC Inox Co Ltd ORD 0.0% - 0.0% 88.8 0.3 - 0.8 -0.2

Ton Yi Industrial Corp ORD 0.0% - 0.0% 19.3 0.0 - 0.1 0.0

Century Iron And Steel Industrial Co Ltd ORD 0.0% - 0.0% 168.0 0.3 - 0.4 -0.2

Novolipetsk Steel GDR 0.4% - 0.0% 4.9 69.7 - 11'116.7 1'394.4

KUMBA IRON ORE 1.2% - 0.3% 38.1 889.2 - 31'035.2 3'220.4

Forest Products 0.1% 0.0% 0.0% 54.0 115.6 19.3 161.9 57.9 +

15

Page 16: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Duratex SA ORD 0.0% - 0.0% 29.5 0.1 - 0.3 0.2

Century Plyboards (India) Ltd ORD 0.0% - 0.0% 4.1 0.0 - 0.1 0.1

Ta Ann 0.1% - 0.0% 54.1 115.5 - 161.6 57.7

Paper Products 0.7% 0.1% 0.8% 78.5 2'472.9 339.8 4'195.0 -124.1 -

Nine Dragons Paper Holdings Ltd ORD 0.0% - 0.0% 78.6 0.5 - 0.9 -0.1

Suzano Papel e Celulose SA ORD 0.0% - 0.0% 64.6 1.0 - 2.9 0.6

Empresas CMPC SA ORD 0.0% - 0.0% 42.9 0.5 - 2.1 0.6

Pabrik Kertas Tjiwi Kimia Tbk PT ORD 0.0% - 0.0% 195.3 1.7 - 0.5 -1.4

Indah Kiat Pulp & Paper Tbk PT ORD 0.0% - 0.0% 143.4 1.9 - 1.0 -1.4

Hansol Paper Co Ltd ORD 0.0% - 0.0% 78.9 0.5 - 0.2 -0.4

Lee & Man Paper Manufacturing Ltd ORD 0.0% - 0.0% 76.4 0.2 - 0.6 0.1

Packages Ltd ORD 0.0% - 0.0% 145.7 0.0 - 0.0 -0.0

YFY Inc ORD 0.0% - 0.0% 87.4 0.6 - 0.3 -0.5

Long Chen Paper Co Ltd ORD 0.0% - 0.0% 95.5 0.1 - 0.1 -0.0

Sappi Ltd ORD 0.0% - 0.0% 115.1 2.3 - 1.5 -1.5

Mondi ZAR 0.7% - 0.8% 78.5 2'463.5 - 4'185.0 -120.3

Aerospace & Defense 0.0% 2.0% 0.0% 2.1 0.1 288.1 0.2 2.6 +

Embraer SA ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.8

AviChina Industry & Technology Co Ltd ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.3

Hanwha AeroSpace Co Ltd ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.3

Korea Aerospace Industries Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.6

LIG Nex1 Co Ltd ORD 0.0% - 0.0% 3.5 0.0 - 0.0 0.1

Aselsan Elektronik Sanayi ve Ticaret AS ORD 0.0% - 0.0% 5.6 0.0 - 0.0 0.4

Boeing Co ORD 0.0% 0.5% 0.0% 1.9 0.0 33.9 0.0 0.1

Building Products 0.5% 0.5% 0.5% 51.3 1'489.4 391.9 752.3 150.0 +

China Fangda Group Co Ltd ORD 0.0% - 0.0% 13.7 0.0 - 0.0 0.1

Astral Poly Technik Ltd ORD 0.0% - 0.0% 14.9 0.0 - 0.0 0.0

Kajaria Ceramics Ltd ORD 0.0% - 0.0% 29.4 0.0 - 0.1 0.1

KCC Corp ORD 0.0% - 0.0% 60.7 0.4 - 0.2 0.0

Kyung Dong Navien Co Ltd ORD 0.0% - 0.0% 25.1 0.0 - 0.0 0.0

IS Dongseo Co Ltd ORD 0.0% - 0.0% 25.5 0.1 - 0.0 0.0

LG Hausys Ltd ORD 0.0% - 0.0% 6.8 0.0 - 0.1 0.1

China Lesso Group Holdings 0.2% - 0.2% 31.0 605.2 - 386.8 237.9

Trakya Cam Sanayii AS ORD 0.2% - 0.3% 93.4 883.2 - 362.1 -94.7

Taiwan Glass Ind Corp ORD 0.0% - 0.0% 65.1 0.1 - 0.1 0.0

Xxentria Technology Materials Co Ltd ORD 0.0% - 0.0% 66.4 0.0 - 0.0 0.0

Fortune Brands Home & Security Inc ORD 0.0% 0.0% 0.0% 5.9 0.4 2.9 3.0 6.1

Construction & Engineering 0.5% 0.4% 1.6% 80.5 5'067.5 192.3 550.7 -3'447.4 -

Arabtec Holding PJSC ORD 0.0% - 0.0% 10.1 0.0 - 0.0 0.0

Drake and Scull International PJSC ORD 0.0% - 0.0% 0.5 0.0 - 0.0 0.0

SalfaCorp SA ORD 0.0% - 0.0% 7.0 0.1 - 0.1 0.1

Besalco SA ORD 0.0% - 0.0% 17.2 0.0 - 0.0 0.0

China Communications Construction Co Ltd ORD 0.0% - 0.0% 10.3 0.5 - 0.4 0.6

China Railway Group Ltd ORD 0.0% - 0.0% 17.1 1.0 - 0.3 -0.1

China Railway Construction Corp Ltd ORD 0.0% - 0.0% 5.1 0.3 - 0.2 0.4

China State Construction Engineering Corp Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.1 0.2

Metallurgical Corporation of China Ltd ORD 0.0% - 0.0% 14.3 0.0 - 0.0 0.0

Metallurgical Corporation of China Ltd ORD 0.0% - 0.0% 14.3 0.1 - 0.1 0.1

Sinopec Engineering Group Co Ltd ORD 0.0% - 0.0% 23.3 0.2 - 0.1 0.1

16

Page 17: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Beijing Urban Construction Design & DevelopmentGroup Co Ltd ORD

0.0% - 0.0% 4.6 0.0 - 0.0 0.0

Bouygues SA ORD 0.0% 0.0% 0.0% 8.9 5.6 23.2 6.2 12.8

Vinci SA ORD 0.0% 0.1% 0.0% 6.6 10.8 34.5 42.6 115.9

Adhi Karya (Persero) Tbk PT ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Wijaya Karya (Persero) Tbk PT ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Pembangunan Perumahan (Persero) Tbk PT ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Waskita Karya (Persero) Tbk PT ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.1

Larsen & Toubro Ltd ORD 0.0% - 0.0% 4.9 0.1 - 0.7 1.8

Voltas Ltd ORD 0.0% - 0.0% 0.3 0.0 - 0.1 0.2

Sadbhav Engineering Ltd ORD 0.0% - 0.0% 4.2 0.0 - 0.0 0.1

KEC International Ltd ORD 0.0% - 0.0% 20.4 0.0 - 0.0 -0.0

Engineers India Ltd ORD 0.0% - 0.0% 5.2 0.0 - 0.0 0.1

GMR Infrastructure Ltd ORD 0.0% - 0.0% 27.2 0.0 - 0.0 0.1

IRB Infrastructure Developers Ltd ORD 0.0% - 0.0% 4.0 0.0 - 0.0 0.1

NCC Ltd ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.1

Ge Power India Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Chiyoda Corp ORD 0.0% - 0.0% 0.2 0.1 - 1.6 4.6

Daelim Industrial Co Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.2 0.6

Hyundai Engineering & Construction Co Ltd ORD 0.0% - 0.0% 4.9 0.4 - 0.4 0.7

GS Engineering & Construction Corp ORD 0.0% - 0.0% 0.9 0.0 - 0.2 0.5

Taeyoung Engineering & Construction Co Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.1

HDC Holdings Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Samsung Engineering Co Ltd ORD 0.0% - 0.0% 2.2 0.1 - 0.2 0.5

Daewoo Engineering & Construction Co Ltd ORD 0.0% - 0.0% 0.9 0.0 - 0.1 0.2

KEPCO Engineering & Construction Co Inc ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.1

China State Construction International Holdings LtdORD

0.0% - 0.0% 38.2 0.3 - 0.2 0.2

Malaysian Resources Corporation Bhd ORD 0.0% - 0.0% 7.3 0.0 - 0.0 0.1

IJM Corporation Bhd ORD 0.0% - 0.0% 1.7 0.0 - 0.1 0.3

Gamuda Bhd ORD 0.0% - 0.0% 18.0 0.0 - 0.1 0.3

Muhibbah Engineering (M) Bhd ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.1

Gadang Holdings 0.0% - 0.0% 0.9 0.6 - 18.1 53.2

WCT Holdings Bhd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Megawide Construction Corp ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.0

Budimex SA ORD 0.0% - 0.0% 5.7 0.0 - 0.0 0.1

Sino Thai Engineering and Construction PCL DR 0.0% - 0.0% 12.0 0.0 - 0.1 0.2

Italian Thai Development PCL DR 0.0% - 0.0% 12.6 0.0 - 0.0 0.0

CH Karnchang PCL DR 0.0% - 0.0% 1.9 0.0 - 0.1 0.2

Unique Engineering and Construction PCL DR 0.0% - 0.0% 4.2 0.0 - 0.0 0.0

Tekfen Holding AS ORD 0.4% - 1.6% 85.3 5'046.9 - 477.8 -3'642.1

Run Long Construction Co Ltd ORD 0.0% - 0.0% 1.1 0.0 - 0.0 0.0

United Integrated Services Co Ltd ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.1

BES Engineering Co ORD 0.0% - 0.0% 14.0 0.0 - 0.0 0.0

CTCI Corp ORD 0.0% - 0.0% 0.4 0.0 - 0.1 0.2

Larsen & Toubro Ltd DR 0.0% - 0.0% 4.9 0.0 - 0.1 0.2

Wilson Bayly Holmes - Ovcon Ltd ORD 0.0% - 0.0% 2.0 0.0 - 0.1 0.1

Murray & Roberts Holdings Ltd ORD 0.0% - 0.0% 5.7 0.0 - 0.0 0.1

Electrical Components & Equipment 0.1% 0.6% 0.0% 4.1 21.4 102.3 19.7 228.3 +

Zhuzhou CRRC Times Electric Co Ltd ORD 0.0% - 0.0% 2.2 0.0 - 0.1 0.7

17

Page 18: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

El Sewedy Electric Co SAE ORD 0.0% - 0.0% 10.7 0.0 - 0.0 0.1

Schneider Electric SE ORD 0.0% 0.1% 0.0% 2.1 3.2 7.7 12.1 150.0

Crompton Greaves Consumer Electricals Ltd ORD 0.0% - 0.0% 14.3 0.1 - 0.0 0.3

Havells India Ltd ORD 0.0% - 0.0% 7.9 0.0 - 0.0 0.6

Graphite India Ltd ORD 0.0% - 0.0% 7.0 0.0 - 0.0 0.1

HEG Ltd ORD 0.0% - 0.0% 4.9 17.4 - 7.3 75.0

Amara Raja Batteries Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.1

V Guard Industries Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

LS Corp ORD 0.0% - 0.0% 2.8 0.1 - 0.0 0.2

LS Industrial Systems Co Ltd ORD 0.0% - 0.0% 22.5 0.1 - 0.0 0.1

Korea Electric Terminal Co Ltd ORD 0.0% - 0.0% 6.1 0.0 - 0.0 0.0

Feelux Co Ltd ORD 0.0% - 0.0% 5.0 0.0 - 0.0 0.1

BizLink Holding Inc ORD 0.0% - 0.0% 5.3 0.0 - 0.0 0.1

TECO Electric & Machinery Co Ltd ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.3

Kung Long Batteries Industrial Co Ltd ORD 0.0% - 0.0% 5.6 0.0 - 0.0 0.0

Walsin Lihwa Corp ORD 0.0% - 0.0% 18.7 0.4 - 0.0 0.1

Acbel Polytech Inc ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.1

Voltronic Power Technology Corp ORD 0.0% - 0.0% 5.0 0.0 - 0.0 0.2

Chicony Power Technology Co Ltd ORD 0.0% - 0.0% 6.2 0.0 - 0.0 0.0

Heavy Electrical Equipment 0.0% 0.1% 0.0% 1.8 0.1 19.0 0.1 0.9 +

Hangzhou Steam Turbine Co Ltd ORD 0.0% - 0.0% 4.6 0.0 - 0.0 0.1

Harbin Electric Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.1

Shanghai Electric Group Co Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.0 0.2

Xinjiang Goldwind Science & Technology Co LtdORD

0.0% - 0.0% 4.0 0.0 - 0.0 0.1

Suzlon Energy Ltd ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.0

Ge T&D; India Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.1

Doosan Heavy Industries & Construction Co LtdORD

0.0% - 0.0% 2.8 0.1 - 0.0 0.1

China High Speed Transmission Equipment GroupCo Ltd ORD

0.0% - 0.0% 3.0 0.0 - 0.0 0.1

Chung-Hsin Electric & Machinery Mfg Corp ORD 0.0% - 0.0% 12.9 0.0 - 0.0 0.0

Industrial Conglomerates 0.6% 1.4% 1.5% 131.9 4'923.1 588.6 527.4 -2'769.3 -

Dubai Investments PJSC ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.2

Mytilineos Holdings SA ORD 0.0% - 0.0% 366.0 1.8 - 0.1 -1.5

CITIC Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.5 2.1

Shanghai Industrial Holdings Ltd ORD 0.3% - 0.2% 30.5 516.7 - 231.5 437.7

Beijing Enterprises Holdings Ltd ORD 0.0% - 0.0% 33.7 0.5 - 0.2 0.3

Fosun International Ltd ORD 0.0% - 0.0% 24.3 0.3 - 0.2 0.7

Opus Global Nyrt ORD 0.0% - 0.0% 151.7 0.0 - 0.0 0.0

Hanwha Corp ORD 0.0% - 0.0% 0.4 0.0 - 0.1 0.3

CJ Corp ORD 0.0% - 0.0% 2.0 0.1 - 0.1 0.3

Kolon Corp ORD 0.0% - 0.0% 28.8 0.2 - 0.0 -0.1

LG Corp ORD 0.0% - 0.0% 55.0 1.0 - 0.4 0.6

Lotte Corp ORD 0.0% - 0.0% 7.3 0.0 - 0.1 0.4

Samsung C&T; Corp ORD 0.0% - 0.0% 1.8 0.1 - 0.5 1.9

SK Holdings Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.4 1.8

Alfa SAB de CV ORD 0.0% - 0.0% 35.2 1.6 - 0.2 -0.7

Grupo Carso SAB de CV ORD 0.0% - 0.0% 14.7 0.1 - 0.1 0.4

Hap Seng Consolidated Bhd ORD 0.0% - 0.0% 22.7 0.0 - 0.1 0.3

Berjaya Corporation Bhd ORD 0.0% - 0.0% 8.8 0.1 - 0.0 0.0

18

Page 19: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Sime Darby Bhd ORD 0.0% - 0.0% 53.2 0.6 - 0.1 -0.3

Aboitiz Equity Ventures Inc ORD 0.0% - 0.0% 78.4 0.3 - 0.2 0.4

Alliance Global Group Inc ORD 0.0% - 0.0% 37.8 0.2 - 0.1 0.1

DMCI Holdings Inc ORD 0.0% - 0.0% 37.8 0.1 - 0.1 0.2

JG Summit Holdings Inc ORD 0.0% - 0.0% 37.3 0.3 - 0.2 0.6

SM Investments Corp ORD 0.0% - 0.0% 8.4 0.1 - 0.3 1.1

Qatar Industrial Manufacturing Co QSC ORD 0.0% - 0.0% 7.9 0.0 - 0.0 0.0

Industries Qatar QSC ORD 0.0% - 0.0% 37.2 0.1 - 0.4 1.6

Thoresen Thai Agencies PCL DR 0.0% - 0.0% 281.1 0.2 - 0.0 -0.2

Dogan Sirketler Grubu Holding AS ORD 0.0% - 0.0% 8.2 0.0 - 0.0 0.0

Koc Holding AS ORD 0.0% - 0.0% 10.7 0.2 - 0.1 0.4

Turkiye Sise ve Cam Fabrikalari AS ORD 0.4% - 1.4% 222.2 4'397.4 - 290.7 -3'211.8

AG Anadolu Grubu Holding AS ORD 0.0% - 0.0% 37.0 0.0 - 0.0 0.0

Far Eastern New Century Corp ORD 0.0% - 0.0% 13.3 0.3 - 0.2 0.5

Hosken Consolidated Investments Ltd ORD 0.0% - 0.0% 27.8 0.1 - 0.0 0.0

Reunert Ltd ORD 0.0% - 0.0% 8.9 0.0 - 0.1 0.2

Bidvest Group Ltd ORD 0.0% - 0.0% 17.7 0.4 - 0.3 0.9

Kap Industrial Holdings Ltd ORD 0.0% - 0.0% 67.8 0.4 - 0.1 -0.1

Construction Machinery & Heavy Trucks 0.7% 0.5% 0.2% 11.5 767.5 78.9 129.4 1'574.7 +

China Yuchai International Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.0

Iochpe Maxion SA ORD 0.0% - 0.0% 5.1 0.0 - 0.0 0.1

MARCOPOLO RTS 0.0% - 0.0% 4.4 0.0 - 0.0 0.0

Marcopolo SA PFD 0.0% - 0.0% 4.4 0.0 - 0.0 0.2

Randon SA Implementos e Participacoes PFD 0.0% - 0.0% 13.2 0.0 - 0.0 0.1

Shanghai Diesel Engine Co Ltd ORD 0.0% - 0.0% 6.3 0.0 - 0.0 0.1

Kama Co Ltd ORD 0.0% - 0.0% 13.3 0.0 - 0.0 0.0

Sany Heavy Industry Co Ltd ORD 0.0% - 0.0% 5.9 0.0 - 0.0 0.1

Weichai Power Co Ltd ORD 0.2% - 0.0% 4.9 93.6 - 40.6 638.1

CRRC Corp Ltd ORD 0.0% - 0.0% 8.2 0.1 - 0.1 0.9

Sinotruk Hong Kong 0.5% - 0.2% 14.4 671.8 - 87.8 913.2

Eicher Motors Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.9

Ashok Leyland Ltd ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.3

Hyundai Heavy Industries Co Ltd ORD 0.0% - 0.0% 3.4 0.5 - 0.1 0.7

Samsung Heavy Industries Co Ltd ORD 0.0% - 0.0% 5.7 0.3 - 0.0 0.6

Hyundai Mipo Dockyard Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.3

Daewoo Shipbuilding & Marine Engineering Co LtdORD

0.0% - 0.0% 4.2 0.2 - 0.0 0.1

Hyundai Rotem Co ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.2

Lonking Holdings Ltd ORD 0.0% - 0.0% 9.8 0.0 - 0.0 0.2

Sany Heavy Equipment International HoldingsCompany Ltd ORD

0.0% - 0.0% 27.0 0.0 - 0.0 0.1

Famur SA ORD 0.0% - 0.0% 29.9 0.0 - 0.0 0.0

Otokar Otomotiv ve Savunma Sanayi AS ORD 0.0% - 0.0% 6.8 0.0 - 0.0 0.1

CSBC Corp Taiwan ORD 0.0% - 0.0% 19.0 0.0 - 0.0 0.0

Caterpillar Inc ORD 0.0% 0.2% 0.0% 6.7 0.1 38.8 0.1 1.7

Cummins Inc ORD 0.0% 0.1% 0.0% 5.7 0.8 13.2 0.7 11.5

Agricultural & Farm Machinery 0.0% 0.2% 0.0% 9.6 0.1 35.2 0.0 0.2 +

First Tractor Co Ltd ORD 0.0% - 0.0% 13.6 0.0 - 0.0 0.0

Escorts Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.1

Jain Irrigation Systems Ltd ORD 0.0% - 0.0% 33.6 0.1 - 0.0 0.0

19

Page 20: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Millat Tractors Ltd ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.0

Industrial Machinery 0.0% 1.1% 0.0% 6.0 10.0 157.5 8.6 87.3 +

WEG SA ORD 0.0% - 0.0% 3.5 0.0 - 0.1 1.0

Shang Gong Group Co Ltd ORD 0.0% - 0.0% 5.2 0.0 - 0.0 0.0

Huangshi Dongbei Electrical Appliance Co Ltd ORD 0.0% - 0.0% 7.3 0.0 - 0.0 0.0

Carborundum Universal Ltd ORD 0.0% - 0.0% 27.8 0.0 - 0.0 0.0

Thermax Limited ORD 0.0% - 0.0% 4.3 0.0 - 0.0 0.1

AIA Engineering Ltd ORD 0.0% - 0.0% 5.0 0.0 - 0.0 0.2

Lakshmi Machine Works Ltd ORD 0.0% - 0.0% 4.0 0.0 - 0.0 0.0

Timken India Ltd ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.1

Schaeffler India Ltd ORD 0.0% - 0.0% 5.3 0.0 - 0.0 0.0

Hyundai Elevator Co Ltd ORD 0.0% - 0.0% 6.3 0.1 - 0.0 0.3

Doosan Infracore Co Ltd ORD 0.0% - 0.0% 4.3 0.1 - 0.0 0.2

Airtac International Group ORD 0.0% - 0.0% 12.0 0.0 - 0.0 0.3

China Conch Venture Holdings Ltd ORD 0.0% - 0.0% 203.9 0.5 - 0.1 0.9

CIMC Enric Holdings Ltd ORD 0.0% - 0.0% 12.9 0.0 - 0.0 0.2

Haitian International Holdings Ltd ORD 0.0% - 0.0% 6.2 0.0 - 0.0 0.5

SKP Resources Bhd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.0

Yung Tay Engineering Co Ltd ORD 0.0% - 0.0% 5.7 9.2 - 8.1 82.7

Hiwin Technologies Corp ORD 0.0% - 0.0% 22.1 0.0 - 0.0 0.5

King Slide Works Co Ltd ORD 0.0% - 0.0% 6.4 0.0 - 0.0 0.1

Sunonwealth Electric Machine Industry Co Ltd ORD 0.0% - 0.0% 5.0 0.0 - 0.0 0.0

Shin Zu Shing Co Ltd ORD 0.0% - 0.0% 5.6 0.0 - 0.0 0.1

Rechi Precision Co Ltd ORD 0.0% - 0.0% 7.2 0.0 - 0.0 0.1

Trading Companies & Distributors 0.0% 0.6% 0.0% 3.7 1.1 260.5 3.5 13.0 +

CITIC Resources Holdings Ltd ORD 0.0% - 0.0% 22.5 0.0 - 0.0 0.1

C&D; International Investment Group Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.0

AKR Corporindo Tbk PT ORD 0.0% - 0.0% 4.6 0.0 - 0.0 0.2

Adani Enterprises Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.1

LG International Corp ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.1

SK Networks Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.2

Posco Daewoo Corp ORD 0.0% - 0.0% 0.0 0.0 - 0.1 0.2

China Aircraft Leasing Group Holdings Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.1

Brighton-Best International Taiwan Inc ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.0

W W Grainger Inc ORD 0.0% 0.0% 0.0% 1.6 0.3 3.0 3.1 12.2

Trencor Ltd ORD 0.0% - 0.0% 263.6 0.6 - 0.0 -0.5

Barloworld Ltd ORD 0.0% - 0.0% 7.4 0.1 - 0.1 0.4

Invicta Holdings Ltd ORD 0.0% - 0.0% 7.3 0.0 - 0.0 0.0

Commercial Printing 0.0% 0.0% 0.0% 4.3 0.0 26.4 0.0 0.1 +

Realord Group Holdings Ltd ORD 0.0% - 0.0% 200.5 0.0 - 0.0 0.0

Valid Solucoes SA ORD 0.0% - 0.0% 4.1 0.0 - 0.0 0.1

Environmental & Facilities Services 0.0% 0.2% 0.0% 90.3 26.9 686.3 101.4 74.4 +

China Everbright International Ltd ORD 0.0% - 0.0% 348.5 1.7 - 0.9 -0.8

HLB Life Science Co Ltd ORD 0.0% - 0.0% 8.8 0.0 - 0.1 0.1

ECOVE Environment Corp ORD 0.0% - 0.0% 540.5 0.0 - 0.0 -0.0

Sunny Friend Environmental Technology Co LtdORD

0.0% - 0.0% 75.7 0.0 - 0.1 0.1

Cleanaway Co Ltd ORD 0.0% - 0.0% 86.1 25.2 - 100.3 75.1

Diversified Support Services 0.0% 0.1% 0.0% 2.2 0.0 9.0 0.7 2.2 +

KEPCO Plant Service & Engineering Co Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.1 0.2

20

Page 21: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Greentown Service Group Co Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.0

Cintas Corp ORD 0.0% 0.0% 0.0% 1.7 0.0 1.5 0.4 1.1

Copart Inc ORD 0.0% 0.0% 0.0% 6.7 0.0 1.7 0.3 0.8

Blue Label Telecoms Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.1

Security & Alarm Services 0.0% 0.1% 0.0% 5.8 0.0 11.3 0.0 0.8 +

S1 Corp ORD 0.0% - 0.0% 4.8 0.0 - 0.0 0.4

Taiwan Secom Co Ltd ORD 0.0% - 0.0% 7.9 0.0 - 0.0 0.3

Taiwan Shin Kong Security Co Ltd ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.0

Human Resource & Employment Services 0.0% 0.2% 0.0% 1.9 0.0 4.2 0.0 0.5 +

51job Inc DR 0.0% - 0.0% 1.9 0.0 - 0.0 0.5

Research & Consulting Services 0.0% 0.5% 0.0% 2.4 0.0 100.2 0.0 0.2 +

Nice Information Service Co Ltd ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.1

Sporton International Inc ORD 0.0% - 0.0% 12.8 0.0 - 0.0 0.0

Air Freight & Logistics 0.0% 0.5% 0.0% 17.9 2.2 521.8 1.6 0.2 +

Sinotrans Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.2 0.2

Blue Dart Express Ltd ORD 0.0% - 0.0% 7.0 0.0 - 0.0 0.0

Hanjin Transportation Co Ltd ORD 0.0% - 0.0% 41.1 0.4 - 0.1 -0.3

Hyundai Glovis Co Ltd ORD 0.0% - 0.0% 37.1 1.1 - 0.4 -0.5

Beijing Sports and Entertainment Industry GroupLtd ORD

0.0% - 0.0% 13.5 0.0 - 0.0 0.0

Pos Malaysia Bhd ORD 0.0% - 0.0% 33.3 0.0 - 0.0 0.0

Kerry TJ Logistics Co Ltd ORD 0.0% - 0.0% 174.2 0.0 - 0.0 -0.0

XPO Logistics Inc ORD 0.0% 0.0% 0.0% 9.1 0.7 34.9 0.9 0.7

Airlines 0.2% 0.1% 0.4% 116.1 1'314.2 1'267.1 2'263.9 -638.0 -

Air Arabia PJSC ORD 0.1% - 0.1% 114.7 424.4 - 1'129.2 -86.5

Gol Linhas Aereas Inteligentes SA PFD 0.0% - 0.0% 143.1 1.2 - 0.5 -1.0

LATAM Airlines Group SA ORD 0.0% - 0.0% 149.3 2.8 - 3.1 -1.9

Shandong Airlines Co Ltd ORD 0.0% - 0.0% 115.7 0.3 - 0.1 -0.2

Air China Ltd ORD 0.0% - 0.0% 148.6 0.9 - 1.5 -0.4

China Eastern Airlines Corp Ltd ORD 0.0% - 0.0% 155.2 0.1 - 0.2 -0.1

China Southern Airlines Co Ltd ORD 0.0% - 0.0% 166.1 1.1 - 1.1 -0.8

Aegean Airlines 0.0% - 0.1% 116.8 278.0 - 268.8 -197.6

Spicejet Ltd ORD 0.0% - 0.0% 89.4 0.0 - 0.0 -0.0

Korean Air Lines Co Ltd ORD 0.0% - 0.0% 162.7 3.6 - 1.2 -3.3

Asiana Airlines Inc ORD 0.0% - 0.0% 138.8 1.4 - 0.3 -1.3

JejuAir Co Ltd ORD 0.0% - 0.0% 114.7 0.0 - 0.1 -0.0

Hanjin Kal Corp ORD 0.0% - 0.0% 114.7 0.6 - 0.9 -0.4

Grupo Aeromexico SAB de CV ORD 0.0% - 0.0% 123.3 0.5 - 0.3 -0.4

Controladora Vuela Compania de Aviacion SAB deCV ORD

0.0% - 0.0% 123.3 0.4 - 0.4 -0.3

Airasia Group Bhd ORD 0.0% - 0.0% 205.8 0.6 - 0.9 -0.3

Avianca Holdings SA PFD 0.0% - 0.0% 136.6 2.0 - 0.2 -1.9

Cebu Air Inc ORD 0.1% - 0.2% 115.9 589.8 - 851.1 -335.4

Aeroflot-Rossiyskiye Avialinii PAO ORD 0.0% - 0.0% 108.8 1.7 - 0.9 -1.4

Turk Hava Yollari AO ORD 0.0% - 0.0% 110.8 1.4 - 1.3 -1.0

Pegasus Hava Tasimaciligi AS ORD 0.0% - 0.0% 234.6 0.2 - 0.1 -0.1

China Airlines Ltd ORD 0.0% - 0.0% 188.4 1.7 - 0.7 -1.4

Eva Airways Corp ORD 0.0% - 0.0% 144.9 1.6 - 0.9 -1.3

Marine 0.0% 0.1% 0.0% 246.2 9.5 814.6 9.0 -7.2 -

Compania Sud Americana de Vapores SA ORD 0.0% - 0.0% 41.0 0.0 - 0.6 0.2

COSCO SHIPPING Holdings Co Ltd ORD 0.0% - 0.0% 143.7 0.3 - 0.3 -0.2

21

Page 22: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

COSCO Shipping Energy Transportation Co Ltd ORD 0.0% - 0.0% 215.8 0.1 - 0.2 -0.0

PT Trada Alam Minera Tbk ORD 0.0% - 0.0% 525.9 0.0 - 0.1 0.0

Korea Line Corp ORD 0.0% - 0.0% 458.7 0.8 - 0.4 -0.7

Hyundai Merchant Marine Co Ltd ORD 0.0% - 0.0% 166.1 1.6 - 0.7 -1.4

Pan Ocean Co Ltd ORD 0.0% - 0.0% 131.8 0.3 - 0.9 -0.1

Wisdom Marine Lines Co Ltd ORD 0.0% - 0.0% 761.2 1.2 - 0.5 -1.0

Seaspan Corp ORD 0.0% - 0.0% 600.5 1.9 - 0.6 -1.8

Misc Bhd ORD 0.0% - 0.0% 245.7 0.6 - 1.8 -0.1

Qatar Navigation QPSC ORD 0.0% - 0.0% 256.6 0.2 - 0.5 -0.1

Precious Shipping PCL DR 0.0% - 0.0% 677.9 0.0 - 0.1 -0.0

Evergreen Marine Corp Taiwan Ltd ORD 0.0% - 0.0% 178.7 1.1 - 0.7 -1.0

Sincere Navigation Corp ORD 0.0% - 0.0% 660.2 0.2 - 0.3 -0.2

U-Ming Marine Transport Corp ORD 0.0% - 0.0% 457.1 0.2 - 0.5 -0.1

Yang Ming Marine Transport Corp ORD 0.0% - 0.0% 128.1 0.7 - 0.3 -0.6

Grindrod Ltd ORD 0.0% - 0.0% 79.9 0.1 - 0.3 -0.0

Railroads 0.2% 1.2% 0.5% 351.2 1'757.9 883.4 286.3 -931.2 -

Rumo SA ORD 0.0% - 0.0% 106.1 2.6 - 0.5 -1.2

Cosan Logistica SA ORD 0.0% - 0.0% 155.4 0.4 - 0.0 -0.4

Daqin Railway Co Ltd ORD 0.2% - 0.5% 352.6 1'754.9 - 285.7 -929.9

Container Corporation of India Ltd ORD 0.0% - 0.0% 1.0 0.0 - 0.1 0.3

Trucking 0.0% 0.1% 0.0% 28.0 0.8 228.6 2.3 2.0 +

Localiza Rent a Car SA ORD 0.0% - 0.0% 9.9 0.1 - 0.9 1.0

Shanghai JinJiang International IndustrialInvestment Co Ltd ORD

0.0% - 0.0% 35.3 0.0 - 0.0 0.0

CJ Logistics Corp ORD 0.0% - 0.0% 35.3 0.3 - 0.2 -0.0

CAR Inc ORD 0.0% - 0.0% 43.8 0.0 - 0.1 0.1

Evergreen International Storage & Transport CorpORD

0.0% - 0.0% 19.6 0.0 - 0.1 0.1

eHi Car Services Ltd DR 0.0% - 0.0% 79.4 0.0 - 0.0 0.0

J B Hunt Transport Services Inc ORD 0.0% 0.0% 0.0% 30.7 0.3 24.3 0.9 0.7

Airport Services 0.4% 0.1% 0.0% 12.8 52.4 8.6 81.6 1'320.8 +

Beijing Capital International Airport Co Ltd ORD 0.0% - 0.0% 9.5 0.0 - 0.0 0.4

Grupo Aeroportuario del Pacifico SAB de CV ORD 0.0% - 0.0% 10.1 0.0 - 0.0 0.8

Grupo Aeroportuario del Centro Norte SAB de CVORD

0.4% - 0.0% 12.8 52.3 - 81.4 1'318.1

Grupo Aeroportuario del Sureste SAB de CV ORD 0.0% - 0.0% 10.1 0.0 - 0.1 0.9

Malaysia Airports Holdings Bhd ORD 0.0% - 0.0% 47.7 0.1 - 0.0 0.2

MacroAsia Corp ORD 0.0% - 0.0% 80.3 0.0 - 0.0 0.0

TAV Havalimanlari Holding AS ORD 0.0% - 0.0% 8.3 0.0 - 0.0 0.2

Highways & Railtracks 1.8% 0.1% 0.0% 4.4 113.6 4.8 239.8 6'283.9 +

Shenzhen International Holdings Ltd ORD 0.0% - 0.0% 5.1 0.0 - 0.0 0.5

Yuexiu Transport infrastructure Ltd ORD 0.0% - 0.0% 2.9 0.0 - 0.0 0.2

CCR SA ORD 0.0% - 0.0% 2.4 0.0 - 0.0 1.2

Ecorodovias Infraestrutura e Logistica SA ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.2

Anhui Expressway 0.0% - 0.0% 4.9 1.1 - 2.4 62.3

Jiangsu Express 1.1% - 0.0% 4.8 61.1 - 145.0 3'779.3

Shenzhen Expressway 0.3% - 0.0% 4.0 16.3 - 33.9 873.1

Zhejiang Expressway 0.4% - 0.0% 4.0 34.9 - 58.4 1'499.5

Jasa Marga (Persero) Tbk PT ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.2

Promotora y Operadora de Infraestructura SAB deCV ORD

0.0% - 0.0% 5.3 0.0 - 0.0 0.7

Taiwan High Speed Rail Corp ORD 0.0% - 0.0% 29.6 0.1 - 0.0 0.4

22

Page 23: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Marine Ports & Services 0.0% 0.0% 0.0% 559.5 5.8 21.9 17.4 -2.7 -

DP World Ltd ORD 0.0% - 0.0% 24.2 0.1 - 4.1 0.7

COSCO SHIPPING Ports Ltd ORD 0.0% - 0.0% 3'035.4 5.3 - 2.8 -4.8

Santos Brasil Participacoes SA ORD 0.0% - 0.0% 16.6 0.0 - 0.3 0.0

China Merchants Port Holdings Co Ltd ORD 0.0% - 0.0% 81.4 0.1 - 3.2 0.5

Gujarat Pipavav Port Ltd ORD 0.0% - 0.0% 78.2 0.0 - 0.2 0.0

Adani Ports and Special Economic Zone Ltd ORD 0.0% - 0.0% 84.2 0.2 - 3.8 0.5

Westports Holdings Bhd ORD 0.0% - 0.0% 47.3 0.0 - 1.3 0.2

International Container Terminal Services Inc ORD 0.0% - 0.0% 81.5 0.1 - 1.6 0.2

Auto Parts & Equipment 0.6% 0.4% 0.2% 14.0 544.9 165.5 328.3 1'403.6 +

Mahle Metal Leve SA ORD 0.1% - 0.0% 16.3 59.5 - 43.6 198.3

Tupy SA ORD 0.0% - 0.0% 40.5 0.1 - 0.0 -0.0

HUAYU Automotive Systems Co Ltd ORD 0.0% - 0.0% 4.3 0.0 - 0.0 0.1

Launch Tech Co Ltd ORD 0.0% - 0.0% 10.2 0.0 - 0.0 0.0

Fuyao Glass Industry Group Co Ltd ORD 0.0% - 0.0% 6.8 0.0 - 0.1 0.4

Exide Industries Ltd ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.2

Bosch Ltd ORD 0.0% - 0.0% 174.6 0.3 - 0.1 0.2

Wabco India Ltd ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.1

Sundram Fasteners Ltd ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.0

Minda Industries Ltd ORD 0.0% - 0.0% 5.6 0.0 - 0.0 0.0

Bharat Forge Ltd ORD 0.0% - 0.0% 29.5 0.0 - 0.1 0.3

Mahindra CIE Automotive Ltd ORD 0.0% - 0.0% 13.5 0.0 - 0.0 0.0

Motherson Sumi Systems Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.1 0.5

SL Corp ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.0

Hyundai Wia Corp ORD 0.0% - 0.0% 4.8 0.1 - 0.0 0.1

Hyundai Mobis Co Ltd ORD 0.0% - 0.0% 1.3 0.1 - 0.6 3.3

Sungwoo Hitech Co Ltd ORD 0.0% - 0.0% 5.7 0.0 - 0.0 0.0

Hanon Systems ORD 0.0% - 0.0% 6.0 0.0 - 0.1 0.5

Halla Holdings Corp ORD 0.0% - 0.0% 18.3 0.0 - 0.0 0.1

S&T; Motiv Co Ltd ORD 0.0% - 0.0% 5.8 0.0 - 0.0 0.1

Esmo Corp ORD 0.0% - 0.0% 4.7 0.0 - 0.0 0.1

Mando Corp ORD 0.0% - 0.0% 5.1 0.1 - 0.0 0.2

Cayman Engley Industrial 0.0% - 0.0% 5.3 7.7 - 18.0 98.6

Chaowei Power Holdings Ltd ORD 0.0% - 0.0% 9.4 0.1 - 0.0 0.0

China First Capital Group Ltd ORD 0.0% - 0.0% 25.9 0.0 - 0.1 0.4

Hiroca Holdings 0.2% - 0.0% 5.2 70.7 - 131.5 708.3

Nexteer Automotive Group Ltd ORD 0.1% - 0.0% 4.4 43.1 - 71.2 378.3

Tianneng Power International Ltd ORD 0.0% - 0.0% 8.6 0.1 - 0.0 0.1

Tenedora Nemak 0.1% - 0.1% 35.5 362.7 - 62.6 7.0

Thal Ltd ORD 0.0% - 0.0% 36.2 0.0 - 0.0 0.0

Tong Yang Industry Co Ltd ORD 0.0% - 0.0% 6.7 0.0 - 0.0 0.2

Hota Industrial Mfg. Co Ltd ORD 0.0% - 0.0% 11.2 0.0 - 0.1 0.3

CUB Elecparts Inc ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.1

Tires & Rubber 0.0% 0.2% 0.0% 17.8 14.9 171.1 24.5 36.8 +

Compagnie Generale des Etablissements MichelinSCA ORD

0.0% 0.0% 0.0% 17.8 10.6 48.1 17.1 25.4

Apollo Tyres Ltd ORD 0.0% - 0.0% 24.4 0.1 - 0.1 0.1

CEAT Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.1 0.1

Bridgestone Corp ORD 0.0% 0.1% 0.0% 17.7 3.5 58.8 6.5 10.1

Nexen Tire Corp ORD 0.0% - 0.0% 13.6 0.0 - 0.0 0.1

23

Page 24: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Kumho Tire Co Inc ORD 0.0% - 0.0% 15.5 0.2 - 0.1 -0.0

Hankook Tire Co Ltd ORD 0.0% - 0.0% 28.1 0.3 - 0.3 0.4

Nankang Rubber Tire Corp Ltd ORD 0.0% - 0.0% 18.5 0.0 - 0.0 0.0

Cheng Shin Rubber Ind. Co Ltd ORD 0.0% - 0.0% 6.1 0.1 - 0.3 0.7

Kenda Rubber Industrial Co Ltd ORD 0.0% - 0.0% 17.4 0.0 - 0.1 0.1

Automobile Manufacturers 1.2% 1.5% 0.1% 4.4 330.0 667.9 740.0 3'858.8 +

Brilliance China Automotive Holdings Ltd ORD 0.0% - 0.0% 5.2 0.0 - 0.1 0.7

Byd Co Ltd ORD 0.0% - 0.0% 16.8 0.2 - 0.2 0.7

Dongfeng Motor Group Co Ltd ORD 0.0% - 0.0% 4.4 0.1 - 0.1 0.7

Great Wall Motor Co Ltd ORD 0.0% - 0.0% 11.4 0.1 - 0.1 0.4

Guangzhou Automobile Group Co Ltd ORD 0.0% - 0.0% 4.6 0.0 - 0.1 0.8

BAIC Motor Corp Ltd ORD 0.0% - 0.0% 5.5 0.0 - 0.0 0.2

Peugeot SA ORD 0.0% 0.0% 0.0% 1.1 0.0 8.2 0.0 0.1

Renault SA ORD 0.0% 0.0% 0.0% 2.7 2.7 10.8 5.2 26.2

Astra International Tbk PT ORD 0.0% - 0.0% 34.8 1.0 - 0.5 1.9

Mahindra and Mahindra Ltd ORD 0.0% - 0.0% 1.7 0.1 - 0.3 1.7

Tata Motors Ltd ORD 0.0% - 0.0% 1.2 0.0 - 0.2 0.8

Maruti Suzuki India Ltd ORD 0.0% - 0.0% 4.0 0.0 - 0.4 2.4

Kia Motors Corp ORD 0.0% - 0.0% 3.5 0.5 - 0.4 1.6

Ssangyong Motor Co Ltd ORD 0.0% - 0.0% 5.9 0.0 - 0.0 0.0

Hyundai Motor Co ORD 0.0% - 0.0% 3.9 0.6 - 0.7 3.3

Hyundai Motor Co PFD 0.0% - 0.0% 3.9 0.1 - 0.1 0.3

Hyundai Motor Co PFD 0.0% - 0.0% 3.9 0.1 - 0.1 0.6

Geely Automobile Holdings Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.4 2.0

Drb-Hicom Bhd ORD 0.0% - 0.0% 5.2 0.0 - 0.0 0.1

UMW Holdings Bhd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.1

Indus Motor Company Ltd ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.0

Ford Otomotiv Sanayi 0.9% - 0.1% 4.4 229.3 - 519.5 2'701.3

Tofas Turk Otomobil Fabrika 0.3% - 0.0% 4.5 95.0 - 211.4 1'091.8

Yulon Motor Co Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.1

China Motor Corp ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Tata Motors Ltd DR 0.0% - 0.0% 1.1 0.0 - 0.0 0.1

Motorcycle Manufacturers 0.0% 0.0% 0.0% 3.6 0.0 8.3 0.0 0.1 +

Yadea Group Holdings Ltd ORD 0.0% - 0.0% 4.2 0.0 - 0.0 0.0

Sanyang Motor Co Ltd ORD 0.0% - 0.0% 3.5 0.0 - 0.0 0.1

Consumer Electronics 0.0% 0.3% 0.0% 3.7 0.5 70.2 0.5 2.2 +

Skyworth Digital Holdings Ltd ORD 0.0% - 0.0% 10.8 0.1 - 0.0 0.0

Konka Group Co Ltd ORD 0.0% - 0.0% 9.5 0.0 - 0.0 0.0

LG Electronics Inc ORD 0.0% - 0.0% 2.8 0.2 - 0.3 1.3

Q Technology (Group) Co Ltd ORD 0.0% - 0.0% 3.8 0.0 - 0.0 0.1

Tcl Electronics Holdings Ltd ORD 0.0% - 0.0% 8.9 0.1 - 0.0 0.0

Vestel Elektronik Sanayi ve Ticaret AS ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.0

Kinpo Electronics Inc ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Tatung Co ORD 0.0% - 0.0% 2.1 0.0 - 0.1 0.5

Amtran Technology Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Home Furnishings 0.0% 0.0% 0.0% 5.0 0.0 40.6 0.3 0.6 +

Oriental Weavers Carpet Co SAE ORD 0.0% - 0.0% 5.3 0.0 - 0.0 0.0

Hanssem Co Ltd ORD 0.0% - 0.0% 7.3 0.0 - 0.1 0.2

Hyundai Livart Furniture Co Ltd ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.0

24

Page 25: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Kasen International Holdings Ltd ORD 0.0% - 0.0% 15.5 0.0 - 0.0 0.0

Steinhoff International Holdings Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.1 0.1

Nien Made Enterprise Co Ltd ORD 0.0% - 0.0% 4.7 0.0 - 0.1 0.3

Homebuilding 0.0% 0.2% 0.0% 1.4 0.0 17.4 0.0 0.9 +

Cyrela Brazil Realty SA Empreendimentos eParticipacoes ORD

0.0% - 0.0% 1.4 0.0 - 0.0 0.3

EZTEC Empreendimentos e Participacoes SA ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.2

MRV Engenharia e Participacoes SA ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.3

Consorcio Ara SAB de CV ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.1

Household Appliances 0.8% 0.1% 0.0% 4.3 89.8 24.0 221.4 2'701.4 +

Haier Electronics Group Co Ltd ORD 0.0% - 0.0% 5.5 0.1 - 0.1 0.9

Gree Electric Appliances A 0.8% - 0.0% 4.3 89.7 - 221.1 2'698.7

Midea Group Co Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.3

Bajaj Electricals Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.0

Symphony Ltd ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.1

TTK Prestige Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.0

Coway Co Ltd ORD 0.0% - 0.0% 0.3 0.0 - 0.1 1.0

Cuckoo Holdings Co Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.0

Arcelik AS ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.2

Whirlpool of India Ltd ORD 0.0% 0.0% 0.0% 4.7 0.0 10.3 0.0 0.2

Leisure Products 0.0% 0.1% 0.0% 2.9 0.1 12.6 0.2 2.8 +

HLB Inc ORD 0.0% - 0.0% 7.2 0.0 - 0.0 0.5

Goodbaby International Holdings Ltd ORD 0.0% - 0.0% 21.4 0.0 - 0.0 0.0

Merida Industry Co Ltd ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.2

Giant Manufacturing Co Ltd ORD 0.0% - 0.0% 6.0 0.1 - 0.0 0.5

Hasbro Inc ORD 0.0% 0.0% 0.0% 0.3 0.0 0.3 0.1 1.6

Apparel, Accessories & Luxury Goods 0.9% 0.9% 0.0% 3.0 112.0 35.5 106.7 2'986.1 +

HengTen Networks Group Ltd ORD 0.0% - 0.0% 12.7 0.0 - 0.0 0.2

Guararapes Confeccoes SA ORD 0.0% - 0.0% 9.6 0.0 - 0.0 0.1

LVMH Moet Hennessy Louis Vuitton SE ORD 0.0% 0.2% 0.0% 1.2 0.9 4.7 5.5 158.3

Kering SA ORD 0.1% 0.1% 0.0% 1.2 1.0 1.8 6.9 197.4

V I P Industries Ltd ORD 0.0% - 0.0% 10.6 0.0 - 0.0 0.0

Titan Company Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 1.0

Rajesh Exports Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.2

Aditya Birla Fashion and Retail Ltd ORD 0.0% - 0.0% 2.9 0.0 - 0.0 0.1

F&F; Co Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.0

Handsome Corp ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.2

Fila Korea Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.5

LF Corp ORD 0.0% - 0.0% 1.6 4.2 - 3.2 88.0

Hansae Co Ltd ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.1

Youngone Corp ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.2

Bosideng International Holdings Ltd ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.2

China Dongxiang (Group) Co Ltd ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.2

China Lilang Ltd ORD 0.2% - 0.0% 2.3 11.3 - 24.8 703.6

Citychamp Watch & Jewellery Group Ltd ORD 0.0% - 0.0% 6.0 0.0 - 0.0 0.0

Cosmo Lady China Holdings Co Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.0

Li Ning Co Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.5

Paiho Shih Holdings Corp ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.0

Shenzhou International Group Holdings Ltd ORD 0.0% - 0.0% 16.0 0.1 - 0.1 2.0

361 Degrees International 0.1% - 0.0% 5.3 48.4 - 16.0 413.2

25

Page 26: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Topbi International Holdings 0.4% - 0.0% 2.5 45.9 - 49.8 1'392.2

Xtep International Holdings Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.2

LPP SA ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.8

Makalot Industrial Co Ltd ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.2

Roo Hsing Co Ltd ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.0

Quang Viet Enterprise Co Ltd ORD 0.0% - 0.0% 23.7 0.0 - 0.0 0.0

Lululemon Athletica Inc ORD 0.0% 0.0% 0.0% 0.8 0.0 0.4 0.3 7.4

Footwear 0.1% 0.3% 0.1% 11.9 186.1 15.1 20.1 182.1 +

Alpargatas SA PFD 0.0% - 0.0% 1.9 0.0 - 0.0 0.2

Arezzo Industria e Comercio SA ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.2

Grendene SA ORD 0.0% - 0.0% 14.4 0.0 - 0.0 0.0

Vulcabras Azaleia SA ORD 0.0% - 0.0% 54.5 0.0 - 0.0 0.0

Fuguiniao Co Ltd ORD 0.0% - 0.0% 6.1 0.0 - 0.0 0.0

Bata India Ltd ORD 0.0% - 0.0% 5.7 0.0 - 0.0 0.2

Hwaseung Industries Co Ltd ORD 0.0% - 0.0% 17.0 0.0 - 0.0 0.0

ANTA Sports Products Ltd ORD 0.0% - 0.0% 3.7 0.0 - 0.1 1.3

CCC SA ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.4

Pou Chen Corp ORD 0.1% - 0.1% 11.9 185.9 - 19.9 179.2

Feng Tay Enterprises Co Ltd ORD 0.0% - 0.0% 14.7 0.1 - 0.0 0.5

Textiles 0.3% 0.0% 0.0% 2.1 6.7 0.0 517.8 990.7 +

Shanghai Haixin Group Co Ltd ORD 0.0% - 0.0% 2.9 0.0 - 0.0 0.0

Lu Thai Textile Co Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.1 0.1

Arvind Ltd ORD 0.0% - 0.0% 57.1 0.0 - 0.0 0.0

Welspun India Ltd ORD 0.0% - 0.0% 132.1 0.1 - 0.0 -0.0

Raymond Ltd ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.1

SRF Ltd ORD 0.0% - 0.0% 15.1 0.0 - 0.1 0.1

Vardhman Textiles Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.1 0.1

Texhong Textile Group Ltd ORD 0.0% - 0.0% 8.6 0.0 - 0.0 0.0

Nishat Mills Ltd ORD 0.0% - 0.0% 2.9 0.0 - 0.0 0.0

Formosa Taffeta Co Ltd ORD 0.0% - 0.0% 47.7 0.2 - 0.2 0.1

Tainan Spinning Co Ltd ORD 0.0% - 0.0% 35.8 0.1 - 0.1 0.0

Eclat Textile Co Ltd ORD 0.0% - 0.0% 16.1 0.0 - 0.3 0.5

Ruentex Industries Ltd ORD 0.3% - 0.0% 2.0 6.2 - 516.9 989.4

Taiwan Paiho Ltd ORD 0.0% - 0.0% 2.3 0.0 - 0.1 0.2

Casinos & Gaming 0.1% 0.3% 0.0% 0.6 5.4 45.5 18.9 259.7 +

Greek Organisation of Football Prognostics SA ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.6

Paradise Co Ltd ORD 0.0% - 0.0% 13.2 0.0 - 0.0 0.2

Kangwon Land Inc ORD 0.0% - 0.0% 6.0 0.0 - 0.1 0.9

Grand Korea Leisure Co Ltd ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.2

Berjaya Sports Toto Bhd ORD 0.1% - 0.0% 0.6 4.9 - 18.6 256.1

Genting Bhd ORD 0.0% - 0.0% 19.2 0.2 - 0.1 0.7

Magnum Bhd ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.1

Genting Malaysia Bhd ORD 0.0% - 0.0% 5.4 0.0 - 0.0 0.6

Bloomberry Resorts Corp ORD 0.0% - 0.0% 11.8 0.0 - 0.0 0.2

500.Com Ltd DR 0.0% - 0.0% 55.4 0.0 - 0.0 0.1

Sun International Ltd ORD 0.0% - 0.0% 67.6 0.2 - 0.0 -0.1

Tsogo Sun Holdings Ltd ORD 0.0% - 0.0% 27.0 0.0 - 0.0 0.1

Hotels, Resorts & Cruise Lines 0.0% 0.4% 0.0% 49.3 149.0 521.4 74.3 -24.7 -

CVC Brasil Operadora e Agencia de Viagens SAORD

0.0% - 0.0% 31.6 0.1 - 0.4 0.5

26

Page 27: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Huangshan Tourism Development Co Ltd ORD 0.0% - 0.0% 39.6 0.0 - 0.0 0.0

Shanghai Jin Jiang International Hotels 0.0% - 0.0% 49.4 148.7 - 73.3 -26.0

China Travel International Investment Hong KongLtd ORD

0.0% - 0.0% 37.2 0.0 - 0.1 0.2

Indian Hotels Company Ltd ORD 0.0% - 0.0% 43.7 0.1 - 0.1 0.2

EIH Ltd ORD 0.0% - 0.0% 53.7 0.0 - 0.0 0.0

Thomas Cook (India) Ltd ORD 0.0% - 0.0% 10.4 0.0 - 0.1 0.1

Lotte Tour Development Co Ltd ORD 0.0% - 0.0% 36.4 0.0 - 0.0 0.0

Hanatour Service Inc ORD 0.0% - 0.0% 7.3 0.0 - 0.1 0.2

Modetour Network Inc ORD 0.0% - 0.0% 9.4 0.0 - 0.0 0.1

Hoteles City Express SAB de CV ORD 0.0% - 0.0% 99.5 0.1 - 0.1 0.0

Erawan Group PCL DR 0.0% - 0.0% 19.0 0.0 - 0.0 0.0

Formosa International Hotels Corp ORD 0.0% - 0.0% 31.2 0.0 - 0.0 0.0

Tuniu Corp DR 0.0% - 0.0% 11.5 0.0 - 0.0 0.0

Leisure Facilities 0.0% 0.1% 0.0% 9.6 0.0 10.0 0.0 0.3 +

Shenzhen Overseas Chinese Town Co Ltd ORD 0.0% - 0.0% 10.2 0.0 - 0.0 0.1

Ananti Inc ORD 0.0% - 0.0% 8.6 0.0 - 0.0 0.2

Restaurants 0.0% 1.0% 0.0% 36.5 6.0 167.9 1.6 7.3 +

Jubilant Foodworks Ltd ORD 0.0% - 0.0% 50.8 0.1 - 0.0 0.2

Ajisen China Holdings Ltd ORD 0.0% - 0.0% 21.9 0.0 - 0.0 0.0

Gourmet Master Co Ltd ORD 0.0% - 0.0% 25.0 0.0 - 0.0 0.1

Alsea SAB de CV ORD 0.0% - 0.0% 15.7 0.1 - 0.0 0.3

Jollibee Foods Corp ORD 0.0% - 0.0% 3.9 0.0 - 0.1 0.7

Cracker Barrel Old Country Store Inc ORD 0.0% - 0.0% 19.6 1.0 - 0.4 2.5

Yum China Holdings Inc ORD 0.0% - 0.0% 48.1 4.8 - 1.0 3.4

Famous Brands Ltd ORD 0.0% - 0.0% 7.0 0.0 - 0.0 0.1

Education Services 0.1% 0.0% 0.0% 6.5 14.9 0.1 17.9 270.2 +

Anima Holding SA ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.1

Estacio Participacoes SA ORD 0.0% - 0.0% 2.9 0.0 - 0.0 0.5

Kroton Educacional SA ORD 0.0% - 0.0% 16.0 0.1 - 0.1 1.0

Ser Educacional SA ORD 0.1% - 0.0% 6.5 14.7 - 17.4 262.7

China Maple Leaf Educational Systems Ltd ORD 0.0% - 0.0% 17.9 0.0 - 0.0 0.2

New Oriental Education & Technology Group IncDR

0.0% - 0.0% 2.0 0.0 - 0.2 2.7

TAL Education Group DR 0.0% - 0.0% 20.8 0.1 - 0.2 2.6

Tarena International Inc DR 0.0% - 0.0% 14.6 0.0 - 0.0 0.1

Advtech Ltd ORD 0.0% - 0.0% 7.9 0.0 - 0.0 0.2

Curro Holdings Ltd ORD 0.0% - 0.0% 26.5 0.0 - 0.0 0.1

Specialized Consumer Services 0.0% 0.0% 0.0% 10.6 0.0 1.2 0.0 0.2 +

Fu Shou Yuan International Group Ltd ORD 0.0% - 0.0% 10.9 0.0 - 0.0 0.2

Lungyen Life Service Corp ORD 0.0% - 0.0% 4.1 0.0 - 0.0 0.0

Advertising 0.0% 0.2% 0.0% 1.5 0.0 7.4 0.0 0.7 +

Smiles Fidelidade SA ORD 0.0% - 0.0% 10.9 0.0 - 0.0 0.2

Cheil Worldwide Inc ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.4

Innocean Worldwide Inc ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.2

Broadcasting 0.1% 0.1% 0.0% 13.3 28.5 4.6 8.6 271.5 +

Global Mediacom Tbk PT ORD 0.0% - 0.0% 13.5 0.0 - 0.0 0.0

Media Nusantara Citra Tbk PT ORD 0.1% - 0.0% 13.3 28.4 - 8.5 269.1

Surya Citra Media Tbk PT ORD 0.0% - 0.0% 7.1 0.0 - 0.0 0.2

Zee Entertainment Enterprises Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.7

Phoenix Media Investment (Holdings) Ltd ORD 0.0% - 0.0% 5.4 0.0 - 0.0 0.0

27

Page 28: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Grupo Televisa SAB ORD 0.0% - 0.0% 8.0 0.1 - 0.0 1.4

Cable & Satellite 1.8% 0.6% 0.2% 19.1 545.1 46.1 153.4 5'849.8 +

Dish TV India Ltd ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.1

KT Skylife Co Ltd ORD 0.0% - 0.0% 1.1 0.0 - 0.0 0.1

Megacable Holdings 1.8% - 0.2% 19.2 545.1 - 152.8 5'824.0

Cyfrowy Polsat SA ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.3

Naspers Ltd ORD 0.0% - 0.0% 3.5 0.1 - 0.6 24.4

Movies & Entertainment 0.0% 0.7% 0.0% 1.3 0.8 49.0 3.2 94.2 +

Alibaba Pictures Group Ltd ORD 0.0% - 0.0% 4.6 0.0 - 0.0 0.7

SMI Holdings Group Ltd ORD 0.0% - 0.0% 12.5 0.0 - 0.0 0.1

Poly Culture Group Corp Ltd ORD 0.0% - 0.0% 13.2 0.0 - 0.0 0.0

Vivendi SA ORD 0.0% 0.1% 0.0% 1.2 0.7 1.9 3.2 92.6

PVR Ltd ORD 0.0% - 0.0% 37.6 0.1 - 0.0 0.1

SM Entertainment Co Ltd ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.2

CJ CGV Co Ltd ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.2

YG Entertainment Inc ORD 0.0% - 0.0% 0.5 0.0 - 0.0 0.1

IMAX China Holding Inc ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Viva China Holdings Ltd ORD 0.0% - 0.0% 3.8 0.0 - 0.0 0.1

Publishing 0.0% 0.1% 0.0% 1.1 0.2 6.4 0.2 4.0 +

Lagardere SCA ORD 0.0% - 0.0% 1.1 0.2 - 0.2 4.0

Distributors 0.0% 0.1% 0.0% 0.2 2.5 13.7 8.7 71.5 +

Dah Chong Hong Holdings Ltd ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.1

China Animation Characters Company Ltd ORD 0.0% - 0.0% 5.5 0.0 - 0.0 0.0

Dogus Otomotiv Service Ve Tic 0.0% - 0.0% 0.2 2.3 - 8.6 71.3

Test Rite International Co Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.0

Imperial Logistics Ltd ORD 0.0% - 0.0% 17.4 0.1 - 0.0 0.1

Internet Retail 0.3% 2.2% 0.0% 1.7 19.5 53.3 15.7 1'034.0 +

B2W Companhia Digital ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.6

GS Home Shopping Inc ORD 0.2% - 0.0% 1.6 16.8 - 11.6 758.1

CJ ENM Co Ltd ORD 0.0% - 0.0% 3.7 0.0 - 0.0 0.5

Hyundai Home Shopping Network Corp ORD 0.0% - 0.0% 1.1 0.0 - 0.0 0.2

Cogobuy Group ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Momo Com Inc ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.0

Amazon.com Inc ORD 0.1% 1.7% 0.0% 1.7 2.0 47.2 3.8 249.2

Baozun Inc DR 0.0% - 0.0% 0.6 0.0 - 0.0 0.3

Ctrip.Com International Ltd DR 0.0% - 0.0% 40.5 0.3 - 0.0 3.0

Expedia Group Inc ORD 0.0% 0.0% 0.0% 0.4 0.0 0.5 0.2 11.4

JD.com Inc DR 0.0% - 0.0% 2.5 0.2 - 0.1 4.2

Jumei International Holding Ltd DR 0.0% - 0.0% 2.4 0.0 - 0.0 0.0

Netflix Inc ORD 0.0% 0.3% 0.0% 0.2 0.0 0.5 0.1 4.4

Vipshop Holdings Ltd DR 0.0% - 0.0% 3.9 0.1 - 0.0 0.7

Department Stores 0.3% 0.1% 0.0% 12.0 83.0 67.6 150.9 949.3 +

Lojas Renner SA ORD 0.0% - 0.0% 1.2 0.0 - 0.3 2.1

Ripley Corp SA ORD 0.0% - 0.0% 8.1 0.0 - 0.0 0.1

SACI Falabella ORD 0.0% - 0.0% 6.4 0.1 - 0.2 1.3

Ramayana Lestari Sentosa Tbk PT ORD 0.0% - 0.0% 17.5 0.0 - 0.0 0.0

Mitra Adiperkasa Tbk PT ORD 0.0% - 0.0% 15.4 0.1 - 0.0 0.1

Matahari Department Store Tbk PT ORD 0.3% - 0.0% 12.1 82.2 - 149.9 943.4

Shinsegae Inc ORD 0.0% - 0.0% 7.3 0.1 - 0.1 0.4

Lotte Shopping Co Ltd ORD 0.0% - 0.0% 3.0 0.1 - 0.1 0.3

28

Page 29: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Hyundai Department Store Co Ltd ORD 0.0% - 0.0% 12.0 0.0 - 0.0 0.3

Lifestyle China Group Ltd ORD 0.0% - 0.0% 30.5 0.0 - 0.0 0.0

El Puerto de Liverpool SAB de CV ORD 0.0% - 0.0% 10.9 0.0 - 0.0 0.3

Far Eastern Department Stores Ltd ORD 0.0% - 0.0% 14.6 0.1 - 0.0 0.1

Poya International Co Ltd ORD 0.0% - 0.0% 13.1 0.0 - 0.0 0.1

Woolworths Holdings Ltd ORD 0.0% - 0.0% 8.7 0.1 - 0.1 0.7

General Merchandise Stores 0.0% 0.3% 0.0% 2.5 0.1 81.6 0.4 3.5 +

Lojas Americanas SA PFD 0.0% - 0.0% 1.2 0.0 - 0.1 1.0

Magazine Luiza SA ORD 0.0% - 0.0% 5.9 0.1 - 0.1 0.8

AEON CO (M) Bhd ORD 0.0% - 0.0% 10.9 0.0 - 0.0 0.0

Dollar Tree Inc ORD 0.0% 0.1% 0.0% 1.7 0.0 5.6 0.2 1.7

Apparel Retail 0.1% 0.5% 0.0% 2.1 3.6 49.4 8.9 214.9 +

Pou Sheng International Holdings Ltd ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.1

Cia Hering ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.3

Shinsegae International Inc ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.1

Padini Holdings Bhd ORD 0.1% - 0.0% 2.0 3.3 - 8.8 212.3

Truworths International Ltd ORD 0.0% - 0.0% 7.1 0.0 - 0.0 0.6

Foschini Group Ltd ORD 0.0% - 0.0% 10.6 0.1 - 0.0 0.6

Mr Price Group Ltd ORD 0.0% - 0.0% 13.7 0.1 - 0.0 0.9

Computer & Electronics Retail 0.0% 0.1% 0.0% 4.2 0.2 13.3 0.1 0.5 +

GOME Retail Holdings Ltd ORD 0.0% - 0.0% 4.6 0.1 - 0.0 0.2

Suning.Com Co Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.1

LOTTE Himart Co Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.1

M.video PAO ORD 0.0% - 0.0% 5.3 0.0 - 0.0 0.1

Home Improvement Retail 0.0% 0.8% 0.0% 3.1 0.0 96.4 0.1 1.3 +

Via Varejo SA ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.2

Ace Hardware Indonesia Tbk PT ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.3

Home Product Center PCL DR 0.0% - 0.0% 6.2 0.0 - 0.0 0.5

Siam Global House PCL DR 0.0% - 0.0% 5.1 0.0 - 0.0 0.3

Cashbuild Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.1

Specialty Stores 0.4% 0.1% 0.0% 5.3 51.4 11.3 99.2 1'347.4 +

Jumbo SA ORD 0.4% - 0.0% 6.2 46.2 - 90.7 1'232.6

FF Group 0.0% - 0.0% 2.4 5.2 - 8.4 113.4

PC Jeweller Ltd ORD 0.0% - 0.0% 4.2 0.0 - 0.0 0.0

Hotel Shilla Co Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.5

Automotive Retail 0.1% 0.2% 0.0% 8.5 47.5 23.3 47.6 210.3 +

Seobu T&D; Co Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.1

China Harmony New Energy Auto Holding Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.1

China ZhengTong Auto Services Holdings Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.1

Zhongsheng Group Holdings Ltd ORD 0.0% - 0.0% 4.1 0.0 - 0.1 0.3

Bermaz Auto Bhd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.1

Hotai Motor Co Ltd ORD 0.1% - 0.0% 0.0 0.1 - 33.2 179.7

Super Group Ltd ORD 0.0% - 0.0% 17.6 47.3 - 14.3 29.9

Drug Retail 0.0% 0.4% 0.0% 4.5 0.1 77.8 0.2 1.8 +

RAIA DROGASIL ORD 0.0% - 0.0% 2.5 0.0 - 0.1 0.9

Clicks Group Ltd ORD 0.0% - 0.0% 5.8 0.1 - 0.1 0.9

Food Distributors 0.0% 0.1% 0.0% 3.5 0.3 24.7 1.4 2.6 +

Hyundai Green Food Co Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.1 0.1

Dong Suh Companies Inc ORD 0.0% - 0.0% 15.0 0.0 - 0.1 0.1

Taiwan Tea Corp ORD 0.0% - 0.0% 12.4 0.0 - 0.1 0.1

29

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Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

SPAR Group Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.3 0.6

Bid Corporation Ltd ORD 0.0% - 0.0% 4.5 0.2 - 0.9 1.6

Food Retail 0.2% 0.6% 0.0% 5.9 82.9 535.5 199.4 662.7 +

GS Retail Co Ltd ORD 0.0% - 0.0% 4.1 0.0 - 0.1 0.2

BGF Co Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.0

Grupo Comercial Chedraui SAB de CV ORD 0.0% - 0.0% 6.2 0.1 - 0.0 0.1

La Comer SAB de CV ORD 0.0% - 0.0% 12.6 0.0 - 0.0 0.1

Cosco Capital Inc ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.1

Eurocash SA ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.1

CP All PCL DR 0.0% - 0.0% 5.6 0.2 - 0.8 2.8

BIM Birlesik Magazalar AS ORD 0.2% - 0.0% 5.8 74.1 - 193.9 651.1

President Chain Store Corp ORD 0.0% - 0.0% 10.3 0.2 - 0.4 1.2

Kroger Co ORD 0.0% 0.1% 0.0% 6.9 7.0 131.5 3.0 4.2

Magnit PAO DR 0.0% - 0.0% 11.9 0.3 - 0.4 1.1

X5 Retail Group NV DR 0.0% - 0.0% 9.8 0.2 - 0.2 0.5

Pick N Pay Stores Ltd ORD 0.0% - 0.0% 16.8 0.4 - 0.1 0.2

Shoprite Holdings Ltd ORD 0.0% - 0.0% 19.1 0.5 - 0.4 0.9

Hypermarkets & Super Centers 0.0% 0.8% 0.0% 3.9 26.4 451.2 19.9 52.0 +

Companhia Brasileira de Distribuicao PFD 0.0% - 0.0% 2.5 0.1 - 0.3 0.9

Cencosud SA ORD 0.0% - 0.0% 5.7 0.1 - 0.2 0.5

Yonghui Superstores Co Ltd ORD 0.0% - 0.0% 6.9 0.0 - 0.0 0.1

Almacenes Exito SA ORD 0.0% - 0.0% 1.8 0.0 - 0.1 0.2

Carrefour SA ORD 0.0% 0.0% 0.0% 3.8 24.7 35.9 17.0 42.4

Sun Art Retail Group Ltd ORD 0.0% - 0.0% 8.0 0.1 - 0.2 0.5

E-Mart Inc ORD 0.0% - 0.0% 4.7 0.1 - 0.2 0.7

Wal Mart de Mexico SAB de CV ORD 0.0% - 0.0% 4.7 0.3 - 0.8 3.0

Al Meera Consumer Goods Co QSC ORD 0.0% - 0.0% 14.4 0.0 - 0.0 0.1

Walmart Inc ORD 0.0% 0.4% 0.0% 5.2 0.7 215.4 1.1 3.5

Massmart Holdings Ltd ORD 0.0% - 0.0% 10.7 0.1 - 0.0 0.1

Brewers 0.3% 0.4% 0.0% 6.0 52.2 89.1 86.6 1'021.3 +

Ambev SA ORD 0.0% - 0.0% 5.1 0.1 - 0.4 5.3

Compania Cervecerias Unidas SA ORD 0.3% - 0.0% 6.0 52.0 - 86.0 1'014.1

Tsingtao Brewery Co Ltd ORD 0.0% - 0.0% 35.1 0.1 - 0.0 0.2

China Resources Beer Holdings Co Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.1 1.2

Carlsberg Brewery Malaysia Bhd ORD 0.0% - 0.0% 5.2 0.0 - 0.0 0.3

Anadolu Efes Biracilik ve Malt Sanayii AS ORD 0.0% - 0.0% 10.1 0.0 - 0.0 0.2

Distillers & Vintners 0.0% 0.5% 0.0% 5.3 0.1 34.5 0.1 1.8 +

Vina Concha y Toro SA ORD 0.0% - 0.0% 6.2 0.0 - 0.0 0.3

Wuliangye Yibin Co Ltd ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.2

Kweichow Moutai Co Ltd ORD 0.0% - 0.0% 4.1 0.0 - 0.0 0.5

Jiangsu Yanghe Brewery Joint-Stock Co Ltd ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.1

United Spirits Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.5

Radico Khaitan Ltd ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.1

Hite Jinro ORD 0.0% - 0.0% 13.2 0.0 - 0.0 0.1

Muhak Co Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.1

Soft Drinks 0.1% 1.1% 0.0% 5.1 16.0 196.1 20.9 258.0 +

Embotelladora Andina SA PFD 0.1% - 0.0% 5.1 15.4 - 20.4 252.0

Coca Cola Embonor SA PFD 0.0% - 0.0% 15.7 0.0 - 0.0 0.0

Lotte Chilsung Beverage Co Ltd ORD 0.0% - 0.0% 8.1 0.0 - 0.0 0.1

30

Page 31: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Tibet Water Resources Ltd ORD 0.0% - 0.0% 16.5 0.0 - 0.0 0.3

Arca Continental SAB de CV ORD 0.0% - 0.0% 15.7 0.1 - 0.1 0.6

Coca-Cola Femsa SAB de CV ORD 0.0% - 0.0% 5.0 0.1 - 0.1 0.6

Fomento Economico Mexicano SAB de CV 0.0% - 0.0% 6.4 0.3 - 0.3 4.0

Fraser & Neave Holdings Bhd ORD 0.0% - 0.0% 4.7 0.0 - 0.0 0.1

Coca-Cola Icecek AS ORD 0.0% - 0.0% 6.7 0.0 - 0.0 0.1

Coca-Cola Co ORD 0.0% 0.5% 0.0% 7.4 0.0 56.9 0.0 0.1

Agricultural Products 0.0% 0.1% 0.0% 21.4 92.7 548.1 64.6 31.2 +

SLC Agricola SA ORD 0.0% - 0.0% 14.0 0.0 - 0.1 0.1

China Agri-Industries Holdings Ltd ORD 0.0% - 0.0% 13.7 0.3 - 0.1 -0.1

Charoen Pokphand Indonesia Tbk PT ORD 0.0% - 0.0% 15.1 0.2 - 0.5 0.8

Perusahaan Perkebunan London SumatraIndonesia Tbk PT ORD

0.0% - 0.0% 103.2 0.1 - 0.1 0.0

Sawit Sumbermas Sarana Tbk PT ORD 0.0% - 0.0% 105.3 0.0 - 0.0 0.0

Kaveri Seed Company Ltd ORD 0.0% - 0.0% 15.4 0.0 - 0.0 0.0

Easy Bio Inc ORD 0.0% - 0.0% 17.7 0.0 - 0.0 -0.0

Kernel Holding 0.0% - 0.0% 21.5 91.7 - 62.9 29.0

IOI Corporation Bhd ORD 0.0% - 0.0% 12.0 0.1 - 0.3 0.6

Genting Plantations Bhd ORD 0.0% - 0.0% 16.1 0.0 - 0.1 0.2

Kuala Lumpur Kepong Bhd ORD 0.0% - 0.0% 12.4 0.1 - 0.3 0.5

FGV Holdings Bhd ORD 0.0% - 0.0% 17.1 0.1 - 0.1 0.0

Ros Agro PLC DR 0.0% - 0.0% 13.2 0.0 - 0.1 0.1

Packaged Foods & Meats 1.0% 1.8% 0.8% 52.7 2'474.0 542.2 592.5 848.4 +

China Foods Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.1

Minerva SA ORD 0.0% - 0.0% 1'296.3 6.5 - 0.0 -6.5

BRF SA ORD 0.0% - 0.0% 8.1 0.1 - 0.1 0.6

JBS SA ORD 0.0% - 0.0% 14.0 1.6 - 0.2 -0.7

M Dias Branco SA Industria e Comercio deAlimentos ORD

0.0% - 0.0% 9.9 0.0 - 0.1 0.3

Marfrig Global Foods SA ORD 0.0% - 0.0% 12.2 0.1 - 0.0 -0.0

Sao Martinho SA ORD 0.3% - 0.2% 55.6 493.6 - 211.6 692.3

Juhayna Food Industries SAE ORD 0.0% - 0.0% 23.5 0.0 - 0.0 0.0

Danone SA ORD 0.1% 0.1% 0.0% 7.5 10.8 25.0 32.4 170.5

Indofood Sukses Makmur Tbk PT ORD 0.0% - 0.0% 12.5 0.1 - 0.1 0.5

Inti Agri Resources Tbk PT ORD 0.0% - 0.0% 15.1 0.0 - 0.0 0.1

Indofood CBP Sukses Makmur Tbk PT ORD 0.0% - 0.0% 12.0 0.0 - 0.1 0.4

Japfa Comfeed Indonesia Tbk PT ORD 0.0% - 0.0% 15.4 0.2 - 0.1 0.2

Tata Global Beverages Ltd ORD 0.0% - 0.0% 7.1 0.0 - 0.0 0.2

Britannia Industries Ltd ORD 0.0% - 0.0% 13.3 0.0 - 0.1 0.6

Future Consumer Ltd ORD 0.0% - 0.0% 16.1 0.0 - 0.0 0.0

Nestle India Ltd ORD 0.0% - 0.0% 7.6 0.0 - 0.2 1.0

Venky's (India) Ltd ORD 0.0% - 0.0% 10.6 0.0 - 0.0 0.0

Zydus Wellness Ltd ORD 0.0% - 0.0% 12.7 0.0 - 0.0 0.1

Kagome Co Ltd ORD 0.0% - 0.0% 4.5 0.2 - 0.8 4.4

Yamazaki Baking Co Ltd ORD 0.0% 0.0% 0.0% 6.6 1.6 6.5 1.1 4.4

Samyang Holdings Corp ORD 0.0% - 0.0% 15.9 0.0 - 0.0 0.0

Daesang Corp ORD 0.0% - 0.0% 18.2 0.1 - 0.0 0.0

ORION Holdings Corp ORD 0.1% - 0.0% 9.3 52.7 - 41.3 178.2

Lotte Food Co Ltd ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.1

Samyang Foods Co Ltd ORD 0.0% - 0.0% 13.4 0.0 - 0.0 0.0

31

Page 32: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Namyang Dairy Products Co Ltd ORD 0.0% - 0.0% 11.1 0.0 - 0.0 0.0

Nongshim Co Ltd ORD 0.0% - 0.0% 11.3 0.0 - 0.0 0.2

Binggrae Co Ltd ORD 0.0% - 0.0% 10.2 0.0 - 0.0 0.1

SPC Samlip Co Ltd ORD 0.0% - 0.0% 14.6 0.0 - 0.0 0.0

Dongwon Industries Co Ltd ORD 0.0% - 0.0% 15.5 0.0 - 0.0 0.1

Ottogi Corp ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.3

NatureCell Co Ltd ORD 0.0% - 0.0% 14.4 0.0 - 0.0 0.1

Pulmuone Co Ltd ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.0

Dongwon F & B Co Ltd ORD 0.0% - 0.0% 13.3 0.1 - 0.0 0.0

CJ CheilJedang Corp ORD 0.0% - 0.0% 3.3 0.1 - 0.1 0.5

China Mengniu Dairy Co Ltd ORD 0.0% - 0.0% 12.2 0.3 - 0.4 1.7

China Huishan Dairy Holdings Company Ltd ORD 0.0% - 0.0% 14.6 0.0 - 0.0 0.0

Dali Foods Group Co Ltd ORD 0.0% - 0.0% 13.3 0.0 - 0.1 0.3

Tingyi Cayman Islands Holding Corp ORD 0.0% - 0.0% 12.5 0.1 - 0.1 0.6

Uni-President China Holdings Ltd ORD 0.0% - 0.0% 23.4 0.1 - 0.0 0.2

Want Want China Holdings Ltd ORD 0.0% - 0.0% 9.5 0.1 - 0.2 1.1

Yihai International Holding Ltd ORD 0.0% - 0.0% 11.1 0.0 - 0.1 0.3

Industrias Bachoco SAB de CV ORD 0.0% - 0.0% 15.8 0.1 - 0.0 0.2

Grupo Herdez SAB de CV ORD 0.0% - 0.0% 13.3 0.0 - 0.0 0.1

Gruma SAB de CV ORD 0.0% - 0.0% 11.9 0.1 - 0.1 0.5

Grupo Bimbo SAB de CV ORD 0.0% - 0.0% 12.6 0.2 - 0.2 0.6

PPB Group Bhd ORD 0.0% - 0.0% 15.9 0.0 - 0.1 0.7

Nestle (Malaysia) Bhd ORD 0.0% - 0.0% 16.7 0.0 - 0.1 0.5

QL Resources Bhd ORD 0.0% - 0.0% 15.5 0.0 - 0.1 0.3

Century Pacific Food Inc ORD 0.0% - 0.0% 5.7 0.0 - 0.0 0.1

Universal Robina Corp ORD 0.0% - 0.0% 12.6 0.1 - 0.1 0.6

Thai Union Group PCL DR 0.0% - 0.0% 5.3 0.0 - 0.0 0.2

Ulker Biskuvi Sanayi AS ORD 0.0% - 0.0% 15.0 0.0 - 0.0 0.1

Great Wall Enterprise Co Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.1

Charoen Pokphand Enterprise Taiwan Co Ltd ORD 0.0% - 0.0% 20.1 0.0 - 0.0 0.0

Uni-President Enterprises Corp ORD 0.0% - 0.0% 1.3 0.1 - 0.5 2.7

Standard Foods Corp ORD 0.0% - 0.0% 12.3 0.0 - 0.0 0.2

Lien Hwa Industrial Corp ORD 0.0% - 0.0% 13.5 0.0 - 0.0 0.3

Namchow Holdings Co Ltd ORD 0.0% - 0.0% 21.8 36.2 - 19.1 70.8

Hormel Foods Corp ORD 0.0% 0.0% 0.0% 11.1 0.2 12.1 0.3 1.4

Astral Foods 0.5% - 0.6% 65.4 1'867.4 - 282.0 -291.7

Avi Ltd ORD 0.0% - 0.0% 28.8 0.1 - 0.1 0.5

Tiger Brands Ltd ORD 0.0% - 0.0% 31.6 0.2 - 0.1 0.7

Tongaat Hulett Ltd ORD 0.0% - 0.0% 100.4 0.2 - 0.0 -0.1

Pioneer Food Group Ltd ORD 0.0% - 0.0% 33.7 0.1 - 0.0 0.1

Tobacco 0.0% 0.9% 0.0% 6.9 0.2 33.8 0.1 7.4 +

Eastern Company SAE ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.2

Gudang Garam Tbk PT ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.7

Hanjaya Mandala Sampoerna Tbk PT ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.6

ITC Ltd ORD 0.0% - 0.0% 15.8 0.2 - 0.1 3.1

Godfrey Phillips India Ltd ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.0

KT&G; Corp ORD 0.0% - 0.0% 1.9 0.0 - 0.0 2.5

British American Tobacco (Malaysia) Bhd ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.3

Household Products 0.0% 1.3% 0.0% 10.1 1.5 247.9 2.8 30.8 +

32

Page 33: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Unilever Indonesia Tbk PT ORD 0.0% - 0.0% 6.5 0.0 - 0.1 1.3

Hindustan Unilever Ltd ORD 0.0% - 0.0% 2.2 0.0 - 0.3 3.9

Jyothy Laboratories Ltd ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.0

Vinda International Holdings Ltd ORD 0.0% - 0.0% 5.4 0.0 - 0.0 0.1

Kimberly-Clark de Mexico SAB de CV ORD 0.0% - 0.0% 55.2 0.2 - 0.1 0.4

Procter & Gamble Co ORD 0.0% 0.6% 0.0% 9.5 1.3 106.5 2.3 25.0

Personal Products 0.0% 0.9% 0.0% 3.0 2.0 65.7 6.0 138.9 +

Natura Cosmeticos SA ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.6

L'Oreal SA ORD 0.0% 0.2% 0.0% 0.5 0.2 1.2 4.6 108.3

Industri Jamu dan Farmasi Sido Muncul Tbk PTORD

0.0% - 0.0% 12.1 0.0 - 0.0 0.1

Dabur India Ltd ORD 0.0% - 0.0% 5.4 0.0 - 0.0 0.8

Godrej Consumer Products Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.9

Marico Ltd ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.6

Gillette India Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.2

Bajaj Consumer Care Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.1

Kao Corp ORD 0.0% 0.1% 0.0% 9.9 1.5 25.3 0.9 19.9

Amorepacific Group ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.4

Kolmar Korea Holdings Co Ltd ORD 0.0% - 0.0% 7.3 0.0 - 0.0 0.1

Jayjun Cosmetic Co Ltd ORD 0.0% - 0.0% 12.5 0.0 - 0.0 0.0

LG Household & Healthcare Ltd ORD 0.0% - 0.0% 1.0 0.0 - 0.1 2.6

LG Household & Healthcare Ltd PFD 0.0% - 0.0% 1.0 0.0 - 0.0 0.4

Amorepacific Corp ORD 0.0% - 0.0% 1.0 0.0 - 0.1 1.3

Amorepacific Corp PFD 0.0% - 0.0% 1.0 0.0 - 0.0 0.2

Kolmar Korea Co Ltd ORD 0.0% - 0.0% 7.9 0.0 - 0.0 0.2

Cosmax Inc ORD 0.0% - 0.0% 7.9 0.0 - 0.0 0.2

Nutri Biotech Co Ltd ORD 0.0% - 0.0% 19.1 0.0 - 0.0 0.0

It's Hanbul Co Ltd ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.1

Chlitina Holding Ltd ORD 0.0% - 0.0% 8.7 0.0 - 0.0 0.1

Hengan International Group Company Ltd ORD 0.0% - 0.0% 10.5 0.1 - 0.1 1.4

Grape King Bio Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.2

TCI Co Ltd ORD 0.0% - 0.0% 10.2 0.0 - 0.0 0.3

Health Care Equipment 0.0% 2.3% 0.0% 1.9 0.2 103.5 0.2 13.5 +

Olympus Corp ORD 0.0% 0.0% 0.0% 2.0 0.2 1.7 0.2 9.3

Dio Corp ORD 0.0% - 0.0% 7.5 0.0 - 0.0 0.1

InBody Co Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

OsstemImplant Co Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.2

Huons Global Co Ltd ORD 0.0% - 0.0% 8.6 0.0 - 0.0 0.0

Vieworks Co Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Beijing Enterprises Medical and Health IndustryGroup Ltd ORD

0.0% - 0.0% 4.7 0.0 - 0.0 0.0

LifeTech Scientific Corp ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Taidoc Technology Corp ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.0

Hologic Inc ORD 0.0% 0.0% 0.0% 1.0 0.0 0.5 0.0 2.1

IDEXX Laboratories Inc ORD 0.0% 0.0% 0.0% 2.1 0.0 0.8 0.0 0.4

Varian Medical Systems Inc ORD 0.0% 0.0% 0.0% 1.4 0.0 0.7 0.0 1.1

Health Care Supplies 0.0% 0.3% 0.0% 8.1 0.1 24.7 0.1 1.8 +

Shandong Weigao Group Medical Polymer Co LtdORD

0.0% - 0.0% 16.7 0.0 - 0.0 0.4

Suheung Co Ltd ORD 0.0% - 0.0% 8.6 0.0 - 0.0 0.0

Ginko International Co Ltd ORD 0.0% - 0.0% 5.1 0.0 - 0.0 0.1

33

Page 34: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Hartalega Holdings Bhd ORD 0.0% - 0.0% 5.9 0.0 - 0.0 0.4

Supermax Corporation Bhd ORD 0.0% - 0.0% 6.6 0.0 - 0.0 0.1

Top Glove Corporation Bhd ORD 0.0% - 0.0% 3.5 0.0 - 0.0 0.4

Kossan Rubber Industries Bhd ORD 0.0% - 0.0% 4.6 0.0 - 0.0 0.2

St.Shine Optical Co Ltd ORD 0.0% - 0.0% 3.5 0.0 - 0.0 0.1

Health Care Distributors 0.0% 0.2% 0.0% 0.8 0.1 17.4 0.0 1.8 +

Huadong Medicine Co Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.1

SINOPHARM GROUP CO LTD ORD 0.0% - 0.0% 0.8 0.1 - 0.0 1.3

Shanghai Pharmaceuticals Holding Co Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.4

Health Care Services 0.0% 0.2% 0.0% 2.1 0.0 24.4 0.0 0.8 +

Fleury SA ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.2

Meinian Onehealth Healthcare Holdings Co Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.1

Genertec Universal Medical Group Co Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.3

Medipost Co Ltd ORD 0.0% - 0.0% 13.1 0.0 - 0.0 0.2

Health Care Facilities 0.0% 0.2% 0.0% 11.4 0.3 72.9 0.4 4.2 +

Fortis Healthcare Ltd ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.2

Apollo Hospitals Enterprise Ltd ORD 0.0% - 0.0% 5.1 0.0 - 0.0 0.4

China Resources Medical Holdings Co Ltd ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.1

IHH Healthcare Bhd ORD 0.0% - 0.0% 15.9 0.0 - 0.1 0.7

KPJ Healthcare Bhd ORD 0.0% - 0.0% 7.4 0.0 - 0.0 0.2

Medicare Group QSC ORD 0.0% - 0.0% 19.8 0.0 - 0.0 0.1

Bumrungrad Hospital PCL DR 0.0% - 0.0% 9.1 0.0 - 0.0 0.5

Bangkok Dusit Medical Services PCL DR 0.0% - 0.0% 11.7 0.0 - 0.1 0.7

Vibhavadi Medical Center PCL DR 0.0% - 0.0% 12.7 0.0 - 0.0 0.2

Bangkok Chain Hospital PCL DR 0.0% - 0.0% 8.3 0.0 - 0.0 0.2

Netcare Ltd ORD 0.0% - 0.0% 15.9 0.1 - 0.0 0.3

Life Healthcare Group Holdings Ltd ORD 0.0% - 0.0% 12.3 0.1 - 0.1 0.6

Managed Health Care 0.0% 1.3% 0.0% 0.1 0.0 14.2 0.0 0.6 +

Odontoprev SA ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.3

Qualicorp SA ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.3

Health Care Technology 0.0% 0.1% 0.0% 4.8 0.0 2.5 0.0 0.8 +

Alibaba Health Information Technology Ltd ORD 0.0% - 0.0% 4.8 0.0 - 0.0 0.8

Biotechnology 0.0% 1.9% 0.0% 2.5 0.1 40.6 0.3 29.6 +

Green Cross Holdings ORD 0.0% - 0.0% 5.8 0.0 - 0.0 0.1

Pharmicell Co Ltd ORD 0.0% - 0.0% 7.4 0.0 - 0.0 0.2

Green Cross Corp ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.2

Green Cross Cell Corp ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

iNtRON Biotechnology Inc ORD 0.0% - 0.0% 15.0 0.0 - 0.0 0.1

Celltrion Inc ORD 0.0% - 0.0% 12.1 0.0 - 0.0 4.2

CrystalGenomics Inc ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.1

ViroMed Co Ltd ORD 0.0% - 0.0% 18.7 0.0 - 0.0 0.8

Medy Tox Inc ORD 0.0% - 0.0% 9.3 0.0 - 0.0 0.5

Genexine Inc ORD 0.0% - 0.0% 25.2 0.0 - 0.0 0.2

Seegene Inc ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.1

Green Cross Lab Cell Corp ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.0

Hugel Inc ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.2

Naturalendo Tech Co Ltd ORD 0.0% - 0.0% 29.5 0.0 - 0.0 0.1

Taigen Biopharmaceuticals Holdings Ltd ORD 0.0% - 0.0% 19.0 0.0 - 0.0 0.1

3SBio Inc ORD 0.0% - 0.0% 12.6 0.0 - 0.0 0.5

TaiMed Biologics Inc ORD 0.0% - 0.0% 560.0 0.0 - 0.0 0.2

34

Page 35: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

PharmaEngine Inc ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.1

OBI Pharma Inc ORD 0.0% - 0.0% 56.6 0.0 - 0.0 0.1

PharmaEssentia Corp ORD 0.0% - 0.0% 1'252.5 0.0 - 0.0 0.4

Biomarin Pharmaceutical Inc ORD 0.0% 0.0% 0.0% 3.5 0.0 0.7 0.0 1.0

Biogen Inc ORD 0.0% 0.2% 0.0% 1.2 0.0 2.3 0.0 2.2

Regeneron Pharmaceuticals Inc ORD 0.0% 0.1% 0.0% 1.6 0.1 1.1 0.2 18.2

Pharmaceuticals 0.1% 6.1% 0.0% 3.9 5.6 425.0 5.2 207.8 +

China Grand Pharmaceutical and HealthcareHoldings Ltd ORD

0.0% - 0.0% 7.2 0.0 - 0.0 0.0

Luye Pharma Group Ltd ORD 0.0% - 0.0% 6.3 0.0 - 0.0 0.2

Sihuan Pharmaceutical Holdings Group Ltd ORD 0.0% - 0.0% 11.7 0.0 - 0.0 0.2

Hypera SA ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.8

Yunnan Baiyao Group Co Ltd ORD 0.0% - 0.0% 4.0 0.0 - 0.0 0.1

Jiangsu Hengrui Medicine Co Ltd ORD 0.0% - 0.0% 4.2 0.0 - 0.0 0.2

Kangmei Pharmaceutical Co Ltd ORD 0.0% - 0.0% 3.4 0.0 - 0.0 0.0

Shanghai Fudan-Zhangjiang Bio-Pharmaceutical CoLtd ORD

0.0% - 0.0% 2.7 0.0 - 0.0 0.1

Tong Ren Tang Technologies Co Ltd ORD 0.0% - 0.0% 3.4 0.0 - 0.0 0.3

Sanofi SA ORD 0.0% 0.3% 0.0% 3.0 2.1 18.4 2.7 107.9

China Traditional Chinese Medicine Holdings Co LtdORD

0.0% - 0.0% 3.2 0.0 - 0.0 0.3

Beijing Tong Ren Tang Chinese Medicine Co LtdORD

0.0% - 0.0% 2.7 0.0 - 0.0 0.1

CSPC Pharmaceutical Group Ltd ORD 0.0% - 0.0% 10.9 0.1 - 0.0 1.9

Richter Gedeon Vegyeszeti Gyar Nyrt ORD 0.0% - 0.0% 4.6 0.0 - 0.0 0.7

Kalbe Farma Tbk PT ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.6

Cadila Healthcare Ltd ORD 0.0% - 0.0% 4.0 0.0 - 0.0 0.2

Ajanta Pharma Ltd ORD 0.0% - 0.0% 3.9 0.0 - 0.0 0.1

Sun Pharmaceutical Industries Ltd ORD 0.0% - 0.0% 11.9 0.1 - 0.0 1.2

Wockhardt Ltd ORD 0.0% - 0.0% 6.9 0.0 - 0.0 0.1

Sanofi India Ltd ORD 0.0% - 0.0% 14.1 0.0 - 0.0 0.1

Cipla Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.6

Dr.Reddy's Laboratories Ltd ORD 0.0% - 0.0% 25.8 0.1 - 0.0 0.7

Granules India Ltd ORD 0.0% - 0.0% 36.8 0.0 - 0.0 0.0

Piramal Enterprises Ltd ORD 0.0% - 0.0% 10.8 0.0 - 0.0 0.6

Pfizer Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.1

Merck Ltd ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.0

Sun Pharma Advanced Research Company Ltd ORD 0.0% - 0.0% 4.1 0.0 - 0.0 0.0

Lupin Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.7

Aurobindo Pharma Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.7

Suven Life Sciences Ltd ORD 0.0% - 0.0% 19.1 0.0 - 0.0 0.1

IPCA Laboratories Ltd ORD 0.0% - 0.0% 4.7 0.0 - 0.0 0.1

Jubilant Life Sciences Ltd ORD 0.0% - 0.0% 118.4 0.2 - 0.0 -0.0

Alembic Pharmaceuticals Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.1

Glenmark Pharmaceuticals Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.3

Strides Pharma Science Ltd ORD 0.0% - 0.0% 21.2 0.0 - 0.0 0.1

Natco Pharma Ltd ORD 0.0% - 0.0% 47.2 0.0 - 0.0 0.2

Yuhan Corp ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.5

Sam Chun Dang Pharm Co Ltd ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.1

Dong-A Socio Holdings Co Ltd ORD 0.0% - 0.0% 4.8 0.0 - 0.0 0.1

JW Pharmaceutical Corp ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.1

35

Page 36: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Dongsung Pharmaceutical Co Ltd ORD 0.0% - 0.0% 5.1 0.0 - 0.0 0.1

Handok Inc ORD 0.0% - 0.0% 4.6 0.0 - 0.0 0.0

Bukwang Pharm Co Ltd ORD 0.0% - 0.0% 6.0 0.0 - 0.0 0.2

Aprogen Pharmaceuticals Inc ORD 0.0% - 0.0% 5.3 0.0 - 0.0 0.1

Daewoong Co Ltd ORD 0.0% - 0.0% 5.9 0.0 - 0.0 0.0

Yungjin Pharm Co Ltd ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.2

Samjin Pharmaceutical Co Ltd ORD 0.0% - 0.0% 3.9 2.1 - 1.6 62.0

Ilyang Pharmaceutical Co Ltd ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.1

Hanmi Science Co Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.2

Kwangdong Pharmaceutical Co Ltd ORD 0.0% - 0.0% 3.8 0.0 - 0.0 0.1

Hanall Biopharma Co Ltd ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.2

Oscotec Inc ORD 0.0% - 0.0% 25.8 0.0 - 0.0 0.1

Komipharm International Co Ltd ORD 0.0% - 0.0% 16.9 0.0 - 0.0 0.2

Binex Co Ltd ORD 0.0% - 0.0% 10.1 0.0 - 0.0 0.1

CMG Pharmaceutical Co Ltd ORD 0.0% - 0.0% 5.8 0.0 - 0.0 0.1

Theragen Etex Co Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.1

Dae Hwa Pharm Co Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.1

Daewoong Pharma ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.2

JW Holdings Corp ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.1

Kolon Life Science Inc ORD 0.0% - 0.0% 7.7 0.0 - 0.0 0.1

Hanmi Pharm Co Ltd ORD 0.0% - 0.0% 7.5 0.0 - 0.0 0.7

Mezzion Pharma Co Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.0 0.0

Dong-A ST Co Ltd ORD 0.0% - 0.0% 6.9 0.0 - 0.0 0.1

Chong Kun Dang Pharmaceutical Corp ORD 0.0% - 0.0% 3.7 0.0 - 0.0 0.2

Caregen Co Ltd ORD 0.0% - 0.0% 5.1 0.0 - 0.0 0.1

Huons Co Ltd ORD 0.0% - 0.0% 4.6 0.0 - 0.0 0.1

Il Dong Pharmaceutical Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.1

China Medical System Holdings Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.3

China Shineway Pharmaceutical Group Ltd ORD 0.0% - 0.0% 18.6 0.0 - 0.0 0.1

Consun Pharmaceutical Group Ltd ORD 0.0% - 0.0% 20.3 0.0 - 0.0 0.0

Lee's Pharmaceutical Holdings Ltd ORD 0.0% - 0.0% 12.9 0.0 - 0.0 0.0

Pharmally International Holding Company Ltd ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.1

Sino Biopharmaceutical Ltd ORD 0.0% - 0.0% 2.2 0.0 - 0.0 1.4

SSY Group Ltd ORD 0.0% - 0.0% 8.5 0.0 - 0.0 0.4

Genomma Lab Internacional SAB de CV ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.2

Searle Company Ltd ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.0

ScinoPharm Taiwan Ltd ORD 0.0% - 0.0% 20.8 0.0 - 0.0 0.1

Lotus Pharmaceutical Co Ltd ORD 0.0% - 0.0% 9.2 0.0 - 0.0 0.0

YungShin Global Holding Corp ORD 0.0% - 0.0% 11.5 0.0 - 0.0 0.0

TTY Biopharm Co Ltd ORD 0.0% - 0.0% 6.5 0.0 - 0.0 0.2

Center Laboratories Inc ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.1

Dr.Reddy's Laboratories Ltd DR 0.0% - 0.0% 26.0 0.0 - 0.0 0.2

Pfizer Inc ORD 0.0% 0.7% 0.0% 4.6 0.4 53.7 0.4 17.7

Aspen Pharmacare Holdings Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 1.0

Life Sciences Tools & Services 0.0% 0.7% 0.0% 55.7 0.2 34.9 0.1 2.1 +

Divi's Laboratories Ltd ORD 0.0% - 0.0% 102.6 0.1 - 0.0 0.3

Peptron Inc ORD 0.0% - 0.0% 29.2 0.0 - 0.0 0.0

LegoChem Biosciences Inc ORD 0.0% - 0.0% 6.1 0.0 - 0.0 0.0

36

Page 37: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Samsung Biologics Co Ltd ORD 0.0% - 0.0% 36.1 0.0 - 0.1 1.4

Genscript Biotech Corp ORD 0.0% - 0.0% 17.3 0.0 - 0.0 0.3

Diversified Banks 17.4% 7.3% 0.2% 0.7 562.2 149.4 699.6 71'591.3 +

Abu Dhabi Commercial Bank PJSC ORD 0.0% - 0.0% 0.7 0.0 - 0.0 1.5

DUBAI ISLAMIC BANK 1.0% - 0.0% 0.7 12.0 - 38.9 3'321.9

Emirates 0.2% - 0.0% 0.8 3.5 - 6.9 586.8

First Abu Dhabi Bank PJSC ORD 0.0% - 0.0% 1.1 0.0 - 0.0 2.6

Credicorp Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.0 4.0

Banco ABC Brasil SA PFD 0.0% - 0.0% 1.1 0.0 - 0.0 0.0

Banco do Brasil SA ORD 0.0% - 0.0% 0.1 0.0 - 0.0 2.9

Banco Bradesco SA ORD 0.0% - 0.0% 0.1 0.0 - 0.0 2.7

Banco Bradesco SA PFD 0.0% - 0.0% 0.1 0.0 - 0.1 9.9

Banco do Estado do Rio Grande do Sul SA 0.7% - 0.0% 1.0 63.9 - 26.8 2'226.1

Itausa Investimentos Itau SA PFD 0.0% - 0.0% 31.2 0.1 - 0.0 3.8

Itau Unibanco Holding SA PFD 0.0% - 0.0% 0.1 0.0 - 0.1 12.2

Banco Santander Brasil 2.4% - 0.0% 0.2 19.6 - 94.4 8'188.7

Itau Corpbanca ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.4

Banco de Chile ORD 0.0% - 0.0% 1.4 0.0 - 0.0 1.1

Banco Santander-Chile ORD 0.0% - 0.0% 0.6 0.0 - 0.0 1.4

Banco de Credito e Inversiones ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.8

Grupo Security SA ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.0

Ping An Bank Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.2

Shanghai Pudong Development Bank Co Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.0 0.3

China Minsheng Banking CNY 2.0% - 0.0% 0.5 51.8 - 82.2 7'075.6

China Merchants Bank Co Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.4

Hua Xia Bank Co Ltd ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.2

Industrial Bank Co Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.0 0.3

China Citic Bank Corp Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 1.4

Bank of China Ltd ORD 0.0% - 0.0% 1.0 0.1 - 0.1 8.9

Bank of Communications 3.3% - 0.0% 0.2 17.6 - 131.1 11'488.1

China Construction Bank Corp ORD 0.0% - 0.0% 0.1 0.0 - 0.2 20.8

China Merchants Bank Co Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 4.1

Industrial and Commercial Bank of China Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.2 13.0

Bank of Beijing Co Ltd ORD 0.0% - 0.0% 0.4 0.6 - 1.8 149.3

China Construction Bank Corp ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.2

China Minsheng Banking 0.5% - 0.0% 0.5 12.2 - 19.3 1'633.7

Agricultural Bank of China Ltd ORD 0.0% - 0.0% 1.5 0.1 - 0.0 3.3

Agricultural Bank of China Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.2

China Everbright Bank Co Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.4

Bancolombia SA PFD 0.0% - 0.0% 0.4 0.0 - 0.0 1.8

Grupo Aval Acciones y Valores SA PFD 0.1% - 0.0% 3.4 19.7 - 4.2 339.4

Komercni Banka as ORD 0.1% - 0.0% 1.9 2.2 - 3.7 310.3

Moneta Money Bank 1.2% - 0.0% 4.6 97.7 - 48.3 4'052.0

Commercial International Bank Egypt SAE ORD 0.0% - 0.0% 1.0 0.0 - 0.0 1.1

Credit Agricole SA ORD 0.0% 0.0% 0.0% 0.2 0.6 0.4 1.7 147.7

BNP Paribas SA ORD 0.0% 0.1% 0.0% 0.6 0.9 4.6 1.1 94.8

National Bank of Greece SA ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.1

Piraeus Bank SA ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.0

37

Page 38: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Alpha Bank SA ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.4

Eurobank Ergasias SA ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.2

OTP Bank Nyrt ORD 0.3% - 0.0% 3.8 21.6 - 11.2 933.5

Bank Danamon Indonesia Tbk PT ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.5

Bank Mandiri (Persero) Tbk PT ORD 0.0% - 0.0% 1.9 0.0 - 0.0 2.4

Bank Negara Indonesia (Persero) Tbk PT ORD 0.0% - 0.0% 0.4 0.0 - 0.0 1.2

Bank Central Asia Tbk PT ORD 0.0% - 0.0% 2.0 0.0 - 0.1 4.8

Bank Pembangunan Daerah Jawa Barat danBanten Tbk PT ORD

0.0% - 0.0% 3.3 0.0 - 0.0 0.1

Bank Rakyat Indonesia (Persero) Tbk PT ORD 0.0% - 0.0% 2.7 0.0 - 0.0 3.6

Karur Vysya Bank Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.1

State Bank of India ORD 0.0% - 0.0% 3.5 0.2 - 0.0 1.4

ICICI Bank Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.0 3.0

IDFC First Bank Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.3

Jammu and Kashmir Bank Ltd ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.0

Federal Bank Ltd ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.4

Axis Bank Ltd ORD 0.0% - 0.0% 2.3 0.1 - 0.1 4.3

Allahabad Bank ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.0

Canara Bank Ltd ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.1

City Union Bank Ltd ORD 0.0% - 0.0% 6.3 0.0 - 0.0 0.1

DCB Bank Ltd ORD 0.0% - 0.0% 5.3 0.0 - 0.0 0.1

Yes Bank Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 1.1

Indian Bank ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.1

Karnataka Bank Ltd ORD 0.0% - 0.0% 3.5 0.0 - 0.0 0.1

South Indian Bank Ltd ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.0

Union Bank of India Ltd ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.1

Vijaya Bank ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.0

WOORI BANK 1.6% - 0.0% 1.2 157.9 - 65.8 5'521.1

Industrial Bank Of Korea 2.4% - 0.0% 0.2 24.1 - 98.0 8'504.5

Shinhan Financial 1.1% - 0.0% 0.9 38.6 - 44.3 3'762.4

Hana Financial Group Inc ORD 0.0% - 0.0% 0.3 0.0 - 0.0 2.5

KB Financial Group Inc ORD 0.0% - 0.0% 1.3 0.1 - 0.0 4.0

JB Financial Group Co Ltd ORD 0.1% - 0.0% 0.7 9.4 - 3.7 302.2

Grupo Financiero Inbursa SAB de CV ORD 0.0% - 0.0% 1.1 0.5 - 1.0 81.2

Grupo Financiero Banorte SAB de CV ORD 0.0% - 0.0% 1.2 0.0 - 0.0 3.4

AMMB Holdings Bhd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.4

Cimb Group Holdings Bhd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 1.5

RHB Bank Bhd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.2

Hong Leong Financial Group Bhd ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.3

Malayan Banking Bhd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 2.1

Public Bank Bhd ORD 0.0% - 0.0% 1.5 0.0 - 0.1 4.3

Hong Leong Bank Bhd ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.8

BDO Unibank Inc ORD 0.0% - 0.0% 4.4 0.0 - 0.0 1.2

Bank of the Philippine Islands ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.4

Metropolitan Bank and Trust Co ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.4

Security Bank Corp ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.2

MCB Bank Ltd ORD 0.0% - 0.0% 5.2 0.0 - 0.0 0.1

National Bank of Pakistan ORD 0.0% - 0.0% 4.1 0.0 - 0.0 0.0

Bank Alfalah Ltd ORD 0.0% - 0.0% 4.2 0.0 - 0.0 0.0

38

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Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

United Bank Ltd ORD 0.0% - 0.0% 4.7 0.0 - 0.0 0.1

Habib Bank Ltd ORD 0.0% - 0.0% 3.9 0.0 - 0.0 0.1

Alior Bank SA ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.3

Bank Handlowy w Warszawie SA ORD 0.0% - 0.0% 3.4 0.0 - 0.0 0.2

Bank Millennium SA ORD 0.0% - 0.0% 4.6 0.0 - 0.0 0.4

mBank SA ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.5

Santander Bank Polska SA ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.8

Bank Polska Kasa Opieki SA ORD 0.0% - 0.0% 2.9 0.0 - 0.0 1.1

Powszechna Kasa Oszczednosci Bank Polski SAORD

0.0% - 0.0% 2.7 0.0 - 0.0 2.3

Doha Bank QPSC ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.1

Qatar Islamic Bank QPSC ORD 0.0% - 0.0% 0.4 0.0 - 0.0 1.1

Qatar National Bank QPSC ORD 0.0% - 0.0% 0.8 0.0 - 0.1 5.9

Commercial Bank PSQC ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.6

Masraf Al Rayan QPSC ORD 0.0% - 0.0% 0.1 0.0 - 0.0 1.2

Sberbank Rossii PAO ORD 0.0% - 0.0% 2.6 0.1 - 0.1 5.8

Bank VTB PAO ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.0

Moskovskiy Kreditnyi Bank PAO ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.0

Bangkok Bank PCL ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.4

Siam Commercial Bank PCL DR 0.0% - 0.0% 0.6 0.0 - 0.0 1.8

Kasikornbank PCL ORD 0.0% - 0.0% 2.3 0.0 - 0.0 1.8

Kasikornbank PCL DR 0.0% - 0.0% 2.3 0.0 - 0.0 0.9

TMB Bank PCL DR 0.0% - 0.0% 2.4 0.0 - 0.0 0.3

Kiatnakin Bank PCL DR 0.0% - 0.0% 1.0 0.0 - 0.0 0.3

Krung Thai Bank PCL DR 0.0% - 0.0% 1.8 0.0 - 0.0 0.5

TISCO Financial Group PCL DR 0.0% - 0.0% 1.3 0.0 - 0.0 0.3

Akbank TAS ORD 0.0% - 0.0% 0.7 0.0 - 0.0 0.9

Turkiye Garanti Bankasi AS ORD 0.0% - 0.0% 0.9 0.0 - 0.0 1.0

Turkiye Is Bankasi AS ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.4

Turkiye Sinai Kalkinma Bankasi AS ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.1

Turkiye Halk Bankasi AS ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.2

Chang Hwa Commercial Bank Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.9

King's Town Bank Co Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.2

Taichung Commercial Bank Co Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.3

Taiwan Business Bank ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.3

Far Eastern International Bank ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.2

Hua Nan Financial Holdings Co Ltd ORD 0.0% - 0.0% 0.3 0.0 - 0.0 1.3

China Development Financial Holding Corp ORD 0.0% - 0.0% 2.5 0.0 - 0.0 1.1

E.SUN Financial Holding Co Ltd ORD 0.0% - 0.0% 0.9 0.0 - 0.0 1.5

Mega Financial Holding Co Ltd ORD 0.0% - 0.0% 1.1 0.0 - 0.0 2.3

Taishin Financial Holding Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.9

Sinopac Financial Holdings Co Ltd ORD 0.3% - 0.0% 0.7 5.7 - 12.7 1'078.7

CTBC Financial Holding Co Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.0 2.9

First Financial Holding Co Ltd ORD 0.0% - 0.0% 1.2 0.0 - 0.0 1.6

Taiwan Cooperative Financial Holding Co Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 1.2

Bank VTB PAO DR 0.0% - 0.0% 1.3 0.0 - 0.0 0.5

State Bank of India DR 0.0% - 0.0% 3.5 0.0 - 0.0 0.2

Wells Fargo & Co ORD 0.0% 0.6% 0.0% 1.3 0.0 15.3 0.0 2.8

Nedbank Group Ltd ORD 0.0% - 0.0% 2.8 0.1 - 0.0 1.9

39

Page 40: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Capitec Bank Holdings Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.9

Standard Bank Group Ltd ORD 0.0% - 0.0% 2.5 0.1 - 0.1 4.5

Absa Group Ltd ORD 0.0% - 0.0% 4.5 0.1 - 0.0 2.3

Regional Banks 0.0% 0.9% 0.0% 0.7 0.6 25.3 1.7 99.8 +

Bank of Ningbo Co Ltd ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.2

Bank of Nanjing Co Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.0 0.1

Chongqing Rural Commercial Bank Co Ltd ORD 0.0% - 0.0% 1.1 0.0 - 0.0 0.4

Huishang Bank 0.0% - 0.0% 0.7 0.6 - 1.7 97.6

Bank Tabungan Negara (Persero) Tbk PT ORD 0.0% - 0.0% 2.9 0.0 - 0.0 0.2

BNK Financial Group Inc ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.4

DGB Financial Group ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.4

Texas Capital Bancshares Inc ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.5

Thrifts & Mortgage Finance 0.0% 0.0% 0.0% 0.2 0.0 0.0 0.5 12.1 +

Housing Development Finance Corporation LtdORD

0.0% - 0.0% 0.1 0.0 - 0.4 10.6

LIC Housing Finance Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.5

Indiabulls Housing Finance Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.6

Dewan Housing Finance Corporation Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.1

Can Fin Homes Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.0

Gruh Finance Ltd ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.2

Malaysia Building Society Bhd ORD 0.0% - 0.0% 0.7 0.0 - 0.0 0.2

Other Diversified Financial Services 0.0% 0.1% 0.0% 1.9 0.2 8.0 0.1 8.6 +

Pool Advista Indonesia Tbk PT ORD 0.0% - 0.0% 28.8 0.0 - 0.0 0.1

Meritz Financial Group Inc ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.1

Fubon Financial Holding Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 2.3

PSG Group Ltd ORD 0.0% - 0.0% 4.8 0.0 - 0.0 0.7

Rmb Holdings Ltd ORD 0.0% - 0.0% 14'890.9 0.1 - 0.0 1.1

FirstRand Ltd ORD 0.0% - 0.0% 4.2 0.1 - 0.0 4.2

Multi-Sector Holdings 0.0% 0.1% 0.0% 24.2 1.1 28.6 0.5 4.3 +

Amanat Holdings PJSC ORD 0.0% - 0.0% 19.7 0.0 - 0.0 0.0

Corporacion Financiera Colombiana SA ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.2

Grupo de Inversiones Suramericana SA ORD 0.0% - 0.0% 0.0 0.0 - 0.1 1.0

Hankook Tire Worldwide Co Ltd ORD 0.0% - 0.0% 269.6 0.2 - 0.0 -0.1

Ayala Corp ORD 0.0% - 0.0% 76.2 0.5 - 0.1 0.5

GT Capital Holdings Inc ORD 0.0% - 0.0% 4.0 0.0 - 0.0 0.4

Metro Pacific Investments Corp ORD 0.0% - 0.0% 35.2 0.0 - 0.0 0.3

Haci Omer Sabanci Holding AS ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.4

Remgro Ltd ORD 0.0% - 0.0% 49.0 0.4 - 0.2 1.7

Specialized Finance 0.0% 0.0% 0.0% 0.6 0.0 0.1 0.0 2.2 +

Far East Horizon Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.5

REC Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.3

IDFC Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.1

Power Finance Corporation Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.2

NICE Holdings Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.1

Chailease Holding Co Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.0 1.0

Consumer Finance 0.1% 0.4% 0.0% 1.3 6.5 7.8 5.9 330.9 +

Bharat Financial Inclusion Ltd ORD 0.0% - 0.0% 35.7 0.0 - 0.0 0.3

Bajaj Finance Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 1.5

Muthoot Finance Ltd ORD 0.0% - 0.0% 6.5 0.0 - 0.0 0.2

Manappuram Finance Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.2

40

Page 41: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Repco Home Finance Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Sundaram Finance Ltd ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.2

Shriram Transport Finance Company Ltd ORD 0.0% - 0.0% 5.8 0.0 - 0.0 0.5

Mahindra and Mahindra Financial Services Ltd ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.4

Samsung Card Co Ltd ORD 0.0% - 0.0% 0.5 0.0 - 0.0 0.3

Chong Sing Holdings FinTech Group Ltd ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.0

Credito Real SAB De Sofom 0.0% - 0.0% 0.3 0.4 - 1.7 95.4

Unifin Financiera SAB de CV SOFOM ENR ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.0

Gentera SAB de CV ORD 0.1% - 0.0% 1.6 5.9 - 4.0 220.0

Kruk SA ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.2

Yulon Finance Corp ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.0

Ally Financial Inc ORD 0.0% 0.0% 0.0% 0.4 0.0 0.7 0.0 2.1

Capital One Financial Corp ORD 0.0% 0.1% 0.0% 0.8 0.1 3.1 0.2 9.1

Asset Management & Custody Banks 0.0% 0.8% 0.0% 2.2 0.1 13.6 0.1 4.2 +

China Cinda Asset Management Co Ltd ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.6

China Huarong Asset Management Co Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.5

Edelweiss Financial Services Ltd ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.2

Tata Investment Corporation Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.0

Daou Technology Inc ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.2

Daou Data Corp ORD 0.0% - 0.0% 3.4 0.0 - 0.0 0.0

Brait SE ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.2

Reinet Investments SCA ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.5

OSK Holdings Bhd ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.1

Bank of New York Mellon Corp ORD 0.0% 0.1% 0.0% 0.1 0.0 0.2 0.0 1.3

Noah Holdings Ltd DR 0.0% - 0.0% 5.0 0.0 - 0.0 0.3

Coronation Fund Managers Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.0 0.2

Investment Banking & Brokerage 1.7% 0.6% 0.0% 0.2 12.2 7.8 98.3 5'916.9 +

Haitong Securities Co Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.2

CITIC Securities Co Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 1.3

Huatai Securities Co Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.2

China Galaxy Securities Co Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.4

GF Securities Co Ltd ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.5

Orient Securities Co Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.1

China International Capital Corp Ltd ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.4

Shenwan Hongyuan Group Co Ltd ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.3

EFG Hermes Holdings SAE ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.2

Kresna Graha Investama Tbk PT ORD 0.0% - 0.0% 6.7 0.0 - 0.0 0.0

Indiabulls Ventures Ltd ORD 0.0% - 0.0% 7.1 0.0 - 0.0 0.2

IIFL Holdings Ltd ORD 0.0% - 0.0% 11.1 0.0 - 0.0 0.2

JM Financial Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.0

Yuanta Securities Korea Co., Ltd ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.1

DAISHIN SECURITIES CO LTD ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.2

NH Investment & Securities Co Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.4

MERITZ SECURITIES CO LTD ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.4

Woori Investment Bank Co Ltd ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.0

Samsung Securities Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.4

Kyobo Securities Co Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.1

KIWOOM Securities Co Ltd ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.3

Korea Investment Holdings Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.6

41

Page 42: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

China LNG Group Ltd ORD 0.0% - 0.0% 65.8 0.0 - 0.0 0.0

China Bills Finance Corp ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.1

President Securities Corp ORD 0.0% - 0.0% 2'742.9 1.3 - 0.0 -1.1

Fuhwa Financial Holding 1.7% - 0.0% 0.2 10.8 - 97.9 5'897.0

Jih Sun Financial Holding Co Ltd ORD 0.0% - 0.0% 8.2 0.0 - 0.0 0.2

Capital Securities Corp ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.2

E*TRADE Financial Corp ORD 0.0% 0.0% 0.0% 0.8 0.0 0.3 0.0 1.5

Morgan Stanley ORD 0.0% 0.1% 0.0% 0.8 0.1 3.2 0.2 11.9

Diversified Capital Markets 0.2% 0.3% 0.0% 0.1 0.3 9.5 6.3 582.5 +

Natixis SA ORD 0.1% 0.0% 0.0% 0.1 0.2 0.0 2.3 215.9

China Everbright Ltd ORD 0.1% - 0.0% 0.3 0.2 - 3.9 364.7

Motilal Oswal Financial Services Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.1

Mirae Asset Daewoo Co Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.6

Waterland Financial Holdings Co Ltd ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.3

Investec Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.4

Insurance Brokers 0.0% 0.3% 0.0% 0.7 0.0 8.2 0.0 0.2 +

Wiz Solucoes e Corretagem de Seguros SA ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.0

Fanhua Inc DR 0.0% - 0.0% 0.7 0.0 - 0.0 0.2

Life & Health Insurance 0.0% 1.3% 0.0% 0.4 0.2 28.5 0.4 41.6 +

Ping An Insurance Group Co of China Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.4

China Life Insurance Co Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.0 4.5

Ping An Insurance Group Co of China Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.1 12.3

New China Life Insurance Co Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.8

China Taiping Insurance Holdings Co Ltd ORD 0.0% - 0.0% 0.9 0.0 - 0.0 1.1

Panin Financial Tbk PT ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.1

Max Financial Services Ltd ORD 0.0% - 0.0% 8.9 0.0 - 0.0 0.2

Samsung Life Insurance Co Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 1.3

Tongyang Life Insurance Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.1

Mirae Asset Life Insurance Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.0

Hanwha Life Insurance Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.2

China Life Insurance Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.7

Mercuries Life Insurance Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.1

Cathay Financial Holding Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 2.8

Shin Kong Financial Holding Co Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.0 0.6

Prudential Financial Inc ORD 0.0% 0.1% 0.0% 0.1 0.0 1.1 0.1 9.7

Unum Group ORD 0.0% 0.0% 0.0% 0.2 0.0 0.2 0.0 2.0

Discovery Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 1.1

Sanlam Ltd ORD 0.0% - 0.0% 0.8 0.0 - 0.0 2.5

Liberty Holdings Ltd ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.3

MMI Holdings Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.3

Rand Merchant Investment Holdings Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.5

Multi-line Insurance 0.4% 1.0% 0.0% 0.1 3.7 51.5 31.8 1'511.2 +

BB Seguridade Participacoes SA ORD 0.0% - 0.0% 0.0 0.0 - 0.0 1.4

Porto Seguro SA ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.4

Sul America SA 0.4% - 0.0% 0.1 3.1 - 29.2 1'389.4

China Pacific Insurance Group Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 2.3

AXA SA ORD 0.0% 0.1% 0.0% 0.1 0.5 2.0 2.4 115.0

Powszechny Zaklad Ubezpieczen SA ORD 0.0% - 0.0% 1.4 0.0 - 0.0 1.7

Property & Casualty Insurance 0.0% 0.9% 0.0% 0.5 0.1 19.2 0.0 6.5 +

42

Page 43: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

PICC Property and Casualty Co Ltd ORD 0.0% - 0.0% 1.2 0.1 - 0.0 1.6

People's Insurance Company Group of China LtdORD

0.0% - 0.0% 0.9 0.0 - 0.0 0.7

TI Financial Holdings Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.1

Meritz Fire & Marine Insurance Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.3

Samsung Fire & Marine Insurance Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 1.9

Hyundai Marine & Fire Insurance Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.5

DB Insurance Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.7

Qualitas Controladora SAB de CV ORD 0.0% - 0.0% 0.7 0.0 - 0.0 0.2

Qatar Insurance Co SAQ ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.5

Reinsurance 0.0% 0.3% 0.0% 0.0 0.1 2.9 0.2 75.4 +

China Reinsurance Group Corp ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.1

Scor SE ORD 0.0% 0.0% 0.0% 0.0 0.1 0.1 0.2 75.1

Korean Reinsurance Co ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.2

Internet Software & Services 2.2% 2.0% 0.0% 2.0 27.1 33.5 76.6 7'509.5 +

Just Dial Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.1

Info Edge (India) Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.4

Naver Corp ORD 0.0% - 0.0% 2.0 0.0 - 0.0 4.1

Kakao Corp ORD 0.0% - 0.0% 1.7 0.0 - 0.0 1.1

Ahnlab Inc ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

SINA Corp ORD 0.0% - 0.0% 2.9 0.0 - 0.0 1.0

Tencent Holdings 1.6% - 0.0% 1.7 16.2 - 54.9 5'351.9

PChome Online Inc ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.1

Akamai Technologies Inc ORD 0.0% 0.0% 0.0% 5.2 0.0 2.2 0.0 1.2

Alibaba Group Holding ADR 0.6% - 0.0% 2.9 8.9 - 20.7 1'993.3

Alphabet Inc ORD 0.0% 0.9% 0.0% 2.1 0.1 19.4 0.1 9.4

Autohome Inc DR 0.0% - 0.0% 1.3 0.0 - 0.0 1.0

Baidu Inc DR 0.0% - 0.0% 2.2 0.1 - 0.1 11.6

Bitauto Holdings Ltd DR 0.0% - 0.0% 1.5 0.0 - 0.0 0.1

eBay Inc ORD 0.0% 0.1% 0.0% 1.4 0.0 1.6 0.0 0.5

Facebook Inc ORD 0.0% 0.9% 0.0% 2.4 0.1 7.5 0.6 56.5

Fang Holdings Ltd DR 0.0% - 0.0% 4.6 0.0 - 0.0 0.1

58.com Inc DR 0.0% - 0.0% 1.7 0.0 - 0.0 1.4

Momo Inc DR 0.0% - 0.0% 1.7 1.6 - 0.0 -0.5

NetEase Inc DR 0.0% - 0.0% 1.8 0.0 - 0.0 4.7

21Vianet Group Inc DR 0.0% - 0.0% 1.8 0.0 - 0.0 0.2

Weibo Corp DR 0.0% - 0.0% 1.4 0.0 - 0.0 0.8

YY Inc DR 0.0% - 0.0% 4.5 0.0 - 0.0 0.8

IT Consulting & Other Services 6.8% 0.9% 0.1% 2.6 441.2 66.1 1'221.0 24'554.3 +

AGTech Holdings Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.0

Digital China Holdings Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.1

Hi Sun Technology (China) Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.1

Sonda SA ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.2

Atos SE ORD 0.0% 0.0% 0.0% 0.6 0.1 0.8 0.3 5.4

Capgemini SE ORD 0.1% 0.0% 0.0% 1.5 3.6 2.9 10.1 188.6

Infosys Technologies 3.9% - 0.0% 1.9 147.6 - 700.0 13'749.1

MindTree Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.3

Wipro Ltd ORD 0.0% - 0.0% 6.4 4.4 - 4.9 89.5

Hexaware Technologies Ltd ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.1

Persistent Systems Ltd ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.1

43

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Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Sonata Software 0.1% - 0.0% 1.3 4.1 - 9.9 184.4

Mphasis Ltd ORD 0.0% - 0.0% 5.7 0.0 - 0.0 0.3

Tata Consultancy Services Ltd ORD 0.0% - 0.0% 3.1 0.1 - 0.3 6.2

Tech Mahindra 1.1% - 0.1% 3.7 174.1 - 200.0 3'680.4

HCL Technologies 1.6% - 0.0% 2.8 105.8 - 292.9 5'571.7

Samsung SDS Co Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.1 1.7

Posco ICT Co Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.1

Chinasoft International Ltd ORD 0.0% - 0.0% 5.4 0.0 - 0.0 0.2

Systex Corp ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.0

Infosys Ltd DR 0.0% - 0.0% 1.9 0.0 - 0.0 0.2

International Business Machines Corp ORD 0.0% 0.3% 0.0% 2.4 1.2 26.2 2.4 44.4

Wipro Ltd DR 0.0% - 0.0% 6.4 0.0 - 0.0 0.2

Eoh Holdings Ltd ORD 0.0% - 0.0% 1.1 0.0 - 0.0 0.1

Data Processing & Outsourced Services 0.0% 2.3% 0.0% 0.9 0.0 21.1 0.1 4.4 +

Cielo SA ORD 0.0% - 0.0% 0.1 0.0 - 0.0 1.0

TravelSky Technology Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.7

Worldline SA ORD 0.0% - 0.0% 0.7 0.0 - 0.0 0.4

Vakrangee Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Eclerx Services Ltd ORD 0.0% - 0.0% 5.7 0.0 - 0.0 0.1

KGInicis Co Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.1

Fiserv Inc ORD 0.0% 0.1% 0.0% 0.9 0.0 1.1 0.0 0.3

Paychex Inc ORD 0.0% 0.1% 0.0% 1.0 0.0 0.5 0.0 1.9

Application Software 0.0% 1.6% 0.0% 0.3 0.0 15.5 0.1 13.2 +

Linx SA ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.3

Iflytek Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Zensar Technologies Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.0

Hancom Inc ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Gamevil Inc ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Com2uS Corp ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.2

DoubleU Games Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Inspur International Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.0

Kingdee International Software Group Co Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.5

Adobe Systems Inc ORD 0.0% 0.3% 0.0% 1.2 0.0 2.0 0.0 0.1

Synopsys Inc ORD 0.0% 0.0% 0.0% 0.1 0.0 0.0 0.1 11.6

Xunlei Ltd DR 0.0% - 0.0% 6.7 0.0 - 0.0 0.0

Systems Software 0.0% 2.8% 0.0% 0.4 0.1 13.4 0.3 58.1 +

Totvs SA ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.3

NIIT Technologies Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.1

Tata Elxsi Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.1

KPIT Technologies Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.1

DuzonBizon Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.3

Asseco Poland SA ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.3

Microsoft Corp ORD 0.0% 2.1% 0.0% 0.2 0.0 3.1 0.3 55.2

ServiceNow Inc ORD 0.0% 0.1% 0.0% 1.7 0.0 0.6 0.0 1.6

Home Entertainment Software 0.0% 0.3% 0.0% 0.6 0.1 3.2 0.3 31.9 +

Ubisoft Entertainment SA ORD 0.0% 0.0% 0.0% 0.5 0.0 0.1 0.2 28.4

NCSOFT Corp ORD 0.0% - 0.0% 2.9 0.0 - 0.0 1.8

Webzen Inc ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

WeMade Entertainment Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

44

Page 45: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

NHN Entertainment Corp ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.2

Kingsoft Corp Ltd ORD 0.0% - 0.0% 11.2 0.0 - 0.0 0.5

CD Projekt SA ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.9

International Games System Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Communications Equipment 0.0% 1.0% 0.0% 4.6 0.2 38.8 0.1 1.9 +

Eastern Communications Co Ltd ORD 0.0% - 0.0% 10.0 0.0 - 0.0 0.0

ZTE Corp ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.5

BYD Electronic International Co Ltd ORD 0.0% - 0.0% 9.8 0.1 - 0.0 0.2

Sterlite Technologies Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.1

Taihan Fiberoptics Co Ltd ORD 0.0% - 0.0% 6.7 0.0 - 0.0 0.1

Sangsangin Co Ltd ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.1

China Fiber Optic Network System Group Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.0

Comba Telecom Systems Holdings Ltd ORD 0.0% - 0.0% 8.5 0.0 - 0.0 0.0

Accton Technology Corp ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.4

Advanced Ceramic X Corp ORD 0.0% - 0.0% 16.1 0.0 - 0.0 0.1

Arcadyan Technology Corp ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.0

Sercomm Corp ORD 0.0% - 0.0% 3.8 0.0 - 0.0 0.1

Wistron NeWeb Corp ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.2

Technology Hardware, Storage & Peripherals 1.5% 2.6% 0.1% 5.3 368.4 135.4 191.6 4'841.4 +

BOE Technology Group Co Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.2

Focus Media Information Technology Co Ltd ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.1

Legend Holdings Corp ORD 0.0% - 0.0% 0.8 0.0 - 0.0 0.1

Lenovo Group Ltd ORD 0.0% - 0.0% 0.7 0.1 - 0.0 1.2

Samsung Electronics 1.1% - 0.1% 8.2 278.1 - 134.6 3'365.4

Samsung Electronics Co Ltd PFD 0.2% - 0.0% 8.2 43.8 - 21.2 524.5

Sindoh Co Ltd ORD 0.0% - 0.0% 5.0 0.0 - 0.0 0.1

Casetek Holdings Ltd ORD 0.0% - 0.0% 7.1 0.0 - 0.0 0.1

China Goldjoy Group Ltd ORD 0.0% - 0.0% 6.6 0.0 - 0.0 0.0

Coolpad Group Ltd ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.0

Lite-On Technology Corp ORD 0.0% - 0.0% 6.4 0.2 - 0.0 0.6

CMC Magnetics Corp ORD 0.0% - 0.0% 8.4 0.0 - 0.0 0.1

Compal Electronics Inc ORD 0.0% - 0.0% 1.0 0.1 - 0.0 0.5

Ritek Corp ORD 0.0% - 0.0% 23.6 0.1 - 0.0 0.1

Qisda Corp ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.2

Acer Inc ORD 0.0% - 0.0% 0.3 0.0 - 0.0 0.5

Foxconn Technology Co Ltd ORD 0.0% - 0.0% 24.4 0.1 - 0.0 0.3

Inventec Corp ORD 0.1% - 0.0% 1.4 29.4 - 8.6 202.3

Asustek Computer Inc ORD 0.0% - 0.0% 0.1 0.0 - 0.0 1.2

Clevo Co ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Gigabyte Technology Co Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.2

Micro-Star International Co Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.3

Quanta Computer Inc ORD 0.0% - 0.0% 2.1 0.2 - 0.0 1.0

Chicony Electronics Co Ltd ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.3

Advantech Co Ltd ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.8

Transcend Information Inc ORD 0.0% - 0.0% 0.5 0.0 - 0.0 0.0

Catcher Technology Co Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.0 1.1

HTC Corp ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.2

Getac Technology Corp ORD 0.2% - 0.0% 1.4 10.8 - 20.3 535.5

IEI Integration Corp ORD 0.0% - 0.0% 3.8 0.0 - 0.0 0.0

45

Page 46: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Wistron Corp ORD 0.0% - 0.0% 2.0 0.2 - 0.0 0.3

MiTAC Holdings Corp ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.1

Primax Electronics Ltd ORD 0.0% - 0.0% 5.0 0.0 - 0.0 0.1

Pegatron Corp ORD 0.0% - 0.0% 1.8 0.2 - 0.0 0.7

Aten International Co Ltd ORD 0.0% - 0.0% 3.4 4.9 - 6.1 158.1

Ennoconn Corp ORD 0.0% - 0.0% 6.9 0.0 - 0.0 0.1

Darfon Electronics Corp ORD 0.0% - 0.0% 18.3 0.0 - 0.0 0.0

Apple Inc ORD 0.0% 2.1% 0.0% 0.0 0.0 1.5 0.3 8.7

Electronic Equipment & Instruments 0.1% 0.4% 0.0% 0.8 12.5 58.1 14.3 202.6 +

Pax Global Technology Ltd ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.1

Hangzhou Hikvision Digital Technology Co Ltd ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.3

China Railway Signal & Communication Corp LtdORD

0.0% - 0.0% 2.1 0.0 - 0.0 0.2

Daea TI Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

SFA Engineering Corp ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.2

Wasion Holdings Ltd ORD 0.0% - 0.0% 9.5 0.0 - 0.0 0.0

Chroma ATE Inc ORD 0.0% - 0.0% 6.1 0.0 - 0.0 0.4

Test Research Inc ORD 0.0% - 0.0% 7.8 0.0 - 0.0 0.0

Coretronic Corp ORD 0.1% - 0.0% 0.8 12.4 - 14.2 201.2

Firich Enterprises Co Ltd ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.0

Electronic Components 3.4% 0.4% 3.6% 36.6 11'810.1 162.4 2'847.4 -147.4 -

Samsung SDI Co Ltd ORD 0.0% - 0.0% 2.7 0.0 - 0.7 2.7

Daeduck Electronics Co Ltd ORD 0.0% - 0.0% 11.6 0.0 - 0.0 0.0

Samsung Electro-Mechanics Co Ltd ORD 0.0% - 0.0% 24.1 0.4 - 0.3 0.9

LG Innotek Co Ltd ORD 0.0% - 0.0% 8.5 0.1 - 0.1 0.2

Iljin Materials ORD 0.0% - 0.0% 59.1 0.0 - 0.0 0.1

LG Display Co Ltd ORD 0.0% - 0.0% 36.3 1.5 - 0.2 -0.5

L&F; Co Ltd ORD 0.0% - 0.0% 7.0 0.0 - 0.0 0.1

BH Co Ltd ORD 0.0% - 0.0% 14.8 0.0 - 0.0 0.1

Partron Co Ltd ORD 0.0% - 0.0% 8.9 0.0 - 0.0 0.1

G-TreeBNT Co Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

Camsing International Holding Ltd ORD 0.0% - 0.0% 14.6 0.0 - 0.0 0.0

Concraft Holding Co Ltd ORD 0.0% - 0.0% 6.9 0.0 - 0.0 0.0

General Interface Solution (GIS) Holding Ltd ORD 0.0% - 0.0% 6.7 0.1 - 0.0 0.1

Kingboard Holdings Ltd ORD 0.1% - 0.1% 68.5 422.8 - 96.9 -25.8

Kingboard Laminates Holdings Ltd ORD 0.2% - 0.0% 12.4 67.6 - 164.2 606.3

Sunny Optical Technology Group Co Ltd ORD 0.0% - 0.0% 3.2 0.0 - 0.4 1.7

Tongda Group Holdings Ltd ORD 0.0% - 0.0% 8.7 0.0 - 0.0 0.2

TPK Holding Co Ltd ORD 0.0% - 0.0% 7.2 0.1 - 0.0 0.1

Truly International Holdings Ltd ORD 0.0% - 0.0% 9.3 0.0 - 0.0 0.0

Zhen Ding Technology Holding 1.2% - 1.2% 34.2 4'029.1 - 1'036.5 221.0

KCE Electronics PCL DR 0.0% - 0.0% 16.4 0.0 - 0.0 0.2

Syncmold Enterprise Corp ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.0

Delta Electronics Inc ORD 0.0% - 0.0% 6.6 0.2 - 0.6 2.3

Compeq Manufacturing Co Ltd ORD 0.0% - 0.0% 42.2 0.1 - 0.0 0.0

Yageo Corp ORD 0.0% - 0.0% 20.8 0.1 - 0.2 0.6

Pan-International Industrial Corp ORD 0.0% - 0.0% 9.3 0.0 - 0.0 0.0

Chin-Poon Industrial Co Ltd ORD 0.0% - 0.0% 10.2 0.0 - 0.0 0.1

Unitech Printed Circuit Board Corp ORD 0.0% - 0.0% 21.3 0.0 - 0.0 0.0

46

Page 47: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Elite Material Co Ltd ORD 0.0% - 0.0% 6.4 0.0 - 0.1 0.2

Cheng Uei Precision Industry Co Ltd ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.1

AU OPTRONICS 0.8% - 1.4% 34.9 4'412.7 - 627.9 -1'854.2

Thinking Electronic Industrial Co Ltd ORD 0.0% - 0.0% 8.4 0.0 - 0.0 0.0

Chilisin Electronics Corp ORD 0.0% - 0.0% 18.2 0.0 - 0.0 0.1

Walsin Technology Corp ORD 0.0% - 0.0% 39.0 0.1 - 0.1 0.3

LARGAN Precision Co Ltd ORD 0.0% - 0.0% 3.4 0.0 - 0.7 2.9

Asia Optical Co Inc ORD 0.0% - 0.0% 6.2 0.0 - 0.1 0.2

Sinbon Electronics Co Ltd ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.1

Holy Stone Enterprise Co Ltd ORD 0.0% - 0.0% 5.1 0.0 - 0.0 0.1

Unimicron Technology Corp ORD 0.0% - 0.0% 46.6 0.5 - 0.1 -0.3

TXC Corp ORD 0.0% - 0.0% 7.3 0.0 - 0.0 0.1

Tripod Technology 0.5% - 0.5% 62.1 1'692.8 - 421.4 34.2

Genius Electronic Optical Co Ltd ORD 0.0% - 0.0% 22.0 0.0 - 0.0 0.1

Innolux Corp ORD 0.2% - 0.3% 43.4 1'083.0 - 146.8 -482.3

Alltop Technology 0.0% - 0.0% 9.0 6.7 - 26.7 102.7

Lotes Co Ltd ORD 0.0% - 0.0% 11.2 0.0 - 0.0 0.1

First Hi-Tec 0.0% - 0.0% 12.4 12.0 - 17.6 60.3

Simplo Technology Co Ltd ORD 0.0% - 0.0% 1.3 0.0 - 0.1 0.4

Career Technology MFG Co Ltd ORD 0.0% - 0.0% 11.4 0.0 - 0.0 0.1

ITEQ Corp ORD 0.0% - 0.0% 5.6 0.0 - 0.0 0.1

Flexium Interconnect Inc ORD 0.4% - 0.0% 6.4 79.6 - 305.0 1'174.8

Tong Hsing Electronic Industries Ltd ORD 0.0% - 0.0% 17.3 0.0 - 0.0 0.1

Taiwan Union Technology Corp ORD 0.0% - 0.0% 7.7 0.0 - 0.1 0.2

Chunghwa Precision Test Tech Co Ltd ORD 0.0% - 0.0% 9.3 0.0 - 0.0 0.1

Nan Ya Printed Circuit Board Corp ORD 0.0% - 0.0% 48.1 0.1 - 0.0 -0.0

E Ink Holdings Inc ORD 0.0% - 0.0% 18.1 0.0 - 0.1 0.2

Electronic Manufacturing Services 0.0% 0.1% 0.0% 2.0 0.7 23.2 1.3 8.5 +

Telcon RF Pharmaceutical Inc ORD 0.0% - 0.0% 7.1 0.0 - 0.0 0.1

AAC Technologies Holdings Inc ORD 0.0% - 0.0% 14.2 0.1 - 0.1 1.0

VS Industry Bhd ORD 0.0% - 0.0% 6.3 0.0 - 0.0 0.1

Inari Amertron Bhd ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.2

Hon Hai Precision Industry Co Ltd ORD 0.0% - 0.0% 1.5 0.5 - 1.0 6.9

Merry Electronics Co Ltd ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.2

Hannstar Display Corp ORD 0.0% - 0.0% 57.8 0.1 - 0.0 0.0

Technology Distributors 0.0% 0.1% 0.0% 6.4 0.9 39.6 1.0 0.5 +

Redington (India) Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.1

Synnex Technology International Corp ORD 0.0% - 0.0% 0.3 0.0 - 0.3 0.5

Aurora Corp ORD 0.0% - 0.0% 3.4 0.0 - 0.0 0.0

Wah Lee Industrial Corp ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.1

WT Microelectronics Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.1 0.2

WPG Holdings Ltd ORD 0.0% - 0.0% 15.6 0.9 - 0.3 -0.5

Supreme Electronics Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.0

Datatec Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.1 0.1

Semiconductor Equipment 0.1% 0.4% 0.0% 3.6 9.9 18.5 42.2 425.5 +

Wonik Holdings Co Ltd ORD 0.0% - 0.0% 3.4 0.0 - 0.0 0.0

EO Technics Co Ltd ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.1

MeereCompany Inc ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.0

Tokai Carbon Korea Co Ltd ORD 0.0% - 0.0% 5.2 0.0 - 0.0 0.0

47

Page 48: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Kohyoung Technology Inc ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.3

Toptec Co Ltd ORD 0.0% - 0.0% 1.1 0.0 - 0.0 0.0

Wonik IPS Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.1

GCL-Poly Energy Holdings Ltd ORD 0.0% - 0.0% 27.5 0.1 - 0.0 0.1

Xinyi Solar Holdings Ltd ORD 0.1% - 0.0% 3.5 9.4 - 41.5 418.8

ViTrox Corporation Bhd ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.0

SDI Corp ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.0

Visual Photonics Epitaxy Co Ltd ORD 0.0% - 0.0% 7.7 0.0 - 0.0 0.1

Foxsemicon Integrated Technology Inc ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.1

Topco Scientific Co Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.0 0.0

Sino-American Silicon Products Inc ORD 0.0% - 0.0% 12.5 0.0 - 0.0 0.2

Wafer Works Corp ORD 0.0% - 0.0% 43.3 0.0 - 0.0 0.1

Globalwafers Co Ltd ORD 0.0% - 0.0% 47.4 0.2 - 0.0 0.3

Applied Materials Inc ORD 0.0% 0.1% 0.0% 1.4 0.0 2.2 0.5 5.0

Daqo New Energy Corp DR 0.0% - 0.0% 20.2 0.0 - 0.0 0.1

Semiconductors 4.6% 2.0% 1.2% 16.3 3'892.5 280.2 1'833.7 12'461.9 +

LONGi Green Energy Technology Co Ltd ORD 0.0% - 0.0% 22.5 0.0 - 0.0 0.1

Hua Hong Semiconductor Ltd ORD 0.0% - 0.0% 70.9 0.2 - 0.0 0.1

Hynix Semiconductor 1.2% - 0.3% 41.0 878.3 - 471.8 3'217.0

DB HiTek Co Ltd ORD 0.0% - 0.0% 58.3 0.2 - 0.0 -0.1

Seoul Semiconductor Co Ltd ORD 0.0% - 0.0% 13.6 0.0 - 0.0 0.2

Leeno Industrial Inc ORD 0.0% - 0.0% 12.9 0.0 - 0.0 0.2

GemVax & KAEL Co Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.1

Silicon Works Co Ltd ORD 0.0% - 0.0% 0.7 0.0 - 0.0 0.1

On-Bright Electronics Inc ORD 0.0% - 0.0% 11.0 0.0 - 0.0 0.0

Parade Technologies Ltd ORD 0.0% - 0.0% 0.6 0.0 - 0.0 0.2

Semiconductor Manufacturing International CorpORD

0.0% - 0.0% 51.7 0.3 - 0.1 0.4

Silergy Corp ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.2

Malaysian Pacific Ind. 0.1% - 0.0% 30.4 145.2 - 55.1 329.0

Globetronics Technology Bhd ORD 0.0% - 0.0% 20.9 0.0 - 0.0 0.0

United Microelectronics Corp ORD 0.0% - 0.0% 46.7 0.7 - 0.1 0.3

Taiwan Semiconductor 0.7% - 0.1% 30.0 193.4 - 264.2 2'091.9

Macronix International Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.0 0.3

Winbond Electronics Corp ORD 0.0% - 0.0% 24.5 0.1 - 0.0 0.3

Realtek Semiconductor Corp ORD 0.0% - 0.0% 3.0 0.0 - 0.1 0.6

Everlight Electronics Co Ltd ORD 0.0% - 0.0% 10.6 0.0 - 0.0 0.1

Nanya Technology Corp ORD 0.0% - 0.0% 26.6 0.0 - 0.1 0.5

Greatek Electronics Inc ORD 0.0% - 0.0% 19.2 0.0 - 0.0 0.1

Epistar Corp ORD 0.0% - 0.0% 28.2 0.1 - 0.0 0.2

King Yuan Electronics Co Ltd ORD 0.0% - 0.0% 40.9 0.1 - 0.0 0.2

MediaTek Inc ORD 0.0% - 0.0% 0.4 0.0 - 0.3 2.9

Elan Microelectronics Corp ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.2

Pan Jit International Inc ORD 0.0% - 0.0% 17.2 0.0 - 0.0 0.0

Elite Semiconductor Memory Technology Inc ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.0

Novatek Microelectronics Corp ORD 0.0% - 0.0% 0.6 0.0 - 0.1 0.7

Faraday Technology Corp ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

LandMark Optoelectronics Corp ORD 0.0% - 0.0% 3.1 0.0 - 0.0 0.1

WIN Semiconductors Corp ORD 0.0% - 0.0% 22.6 0.0 - 0.1 0.4

48

Page 49: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Kinsus Interconnect Technology Corp ORD 0.0% - 0.0% 31.4 0.1 - 0.0 0.1

PixArt Imaging Inc ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Adata Technology Co Ltd ORD 0.0% - 0.0% 7.3 0.0 - 0.0 0.0

Ardentec Corp ORD 0.0% - 0.0% 37.9 0.0 - 0.0 0.1

Xintec Inc ORD 0.0% - 0.0% 45.6 0.0 - 0.0 0.0

Global Unichip Corp ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.1

eMemory Technology Inc ORD 0.0% - 0.0% 6.1 0.0 - 0.0 0.1

United Renewable Energy Co Ltd ORD 0.0% - 0.0% 21.2 0.0 - 0.0 0.1

Lextar Electronics Corp ORD 0.0% - 0.0% 16.2 0.0 - 0.0 0.1

Asmedia Technology Inc ORD 0.0% - 0.0% 14.0 0.0 - 0.0 0.2

Aspeed Technology Inc ORD 0.0% - 0.0% 11.3 0.0 - 0.0 0.1

Vanguard International Semiconductor Corp ORD 0.0% - 0.0% 107.0 0.2 - 0.1 0.3

Taiwan Semiconductor Co Ltd ORD 0.0% - 0.0% 8.7 0.0 - 0.0 0.1

Darwin Precisions Corp ORD 0.0% - 0.0% 14.6 0.0 - 0.0 0.0

Chipbond Technology Corp ORD 0.0% - 0.0% 25.0 0.1 - 0.0 0.2

Radiant Opto-Electronics 2.2% - 0.8% 14.3 2'661.7 - 870.6 4'933.6

Holtek Semiconductor Inc ORD 0.0% - 0.0% 3.0 0.0 - 0.0 0.1

Powertech Technology Inc ORD 0.0% - 0.0% 27.6 0.1 - 0.0 0.2

Sigurd Microelectronics Corp ORD 0.0% - 0.0% 43.0 0.1 - 0.0 0.1

Sitronix Technology Corp ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.1

ChipMOS Technologies Inc ORD 0.0% - 0.0% 43.9 0.0 - 0.0 0.0

Phison Electronics 0.4% - 0.0% 0.5 10.4 - 169.1 1'449.7

Intel Corp ORD 0.0% 0.6% 0.0% 3.2 0.2 36.0 1.0 8.8

JinkoSolar Holding Co Ltd DR 0.0% - 0.0% 19.8 0.2 - 0.0 -0.1

Micron Technology Inc ORD 0.0% 0.1% 0.0% 23.4 0.5 64.8 0.3 2.1

Alternative Carriers 0.1% 0.1% 0.0% 5.3 5.4 40.3 25.2 279.7 +

APT Satellite Holdings Ltd ORD 0.0% - 0.0% 4.3 0.0 - 0.0 0.0

Link Net Tbk 0.1% - 0.0% 5.3 5.4 - 25.2 279.4

TIME dotCom Bhd ORD 0.0% - 0.0% 4.3 0.0 - 0.0 0.2

Thaicom PCL DR 0.0% - 0.0% 4.4 0.0 - 0.0 0.0

Integrated Telecommunication Services 4.8% 2.1% 1.0% 12.1 3'249.7 496.7 1'619.7 13'661.3 +

Emirates Telecom Group 1.1% - 0.0% 4.3 107.5 - 372.7 3'671.2

Telefonica Brasil -Pref 1.2% - 0.0% 1.4 62.8 - 415.3 4'154.5

China Communications Services Corp Ltd ORD 0.0% - 0.0% 3.5 0.1 - 0.1 0.5

China Telecom Corp Ltd ORD 0.0% - 0.0% 27.2 1.3 - 0.2 0.6

O2 Czech Republic 0.5% - 0.0% 4.5 51.7 - 159.4 1'554.4

Telecom Egypt Co SAE ORD 0.0% - 0.0% 8.3 0.0 - 0.0 0.0

Hellenic Telecommunications Organization SA ORD 0.0% - 0.0% 2.4 0.0 - 0.1 0.8

China Unicom Hong Kong Ltd ORD 0.0% - 0.0% 15.3 0.5 - 0.2 1.2

Magyar Telekom 0.6% - 0.1% 9.9 424.8 - 196.9 1'559.0

Tower Bersama Infrastructure Tbk PT ORD 0.0% - 0.0% 4.4 0.0 - 0.0 0.2

Telekomunikasi Indonesia (Persero) TbkPerusahaan Perseroan PT ORD

0.0% - 0.0% 6.0 0.1 - 0.3 3.3

Bharti Infratel Ltd ORD 0.0% - 0.0% 3.9 0.0 - 0.0 0.4

Tata Communications Ltd ORD 0.0% - 0.0% 22.1 0.0 - 0.0 0.1

Himachal Futuristic Communications Ltd ORD 0.0% - 0.0% 3.3 0.0 - 0.0 0.0

KT Corp ORD 0.0% - 0.0% 6.8 0.0 - 0.0 0.0

LG UPLUS 0.9% - 0.4% 12.8 1'189.9 - 288.9 1'722.6

Sejong Telecom Inc ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.0

49

Page 50: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Telesites SAB de CV ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.2

Telekom Malaysia Bhd ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.2

Orange Polska SA ORD 0.0% - 0.0% 20.3 0.1 - 0.0 0.1

Ooredoo QPSC ORD 0.0% - 0.0% 4.3 0.0 - 0.0 0.4

True Corporation PCL DR 0.0% - 0.0% 15.2 0.1 - 0.0 0.3

Jasmine International PCL DR 0.0% - 0.0% 4.4 0.0 - 0.0 0.1

Chunghwa Telecom Co Ltd ORD 0.0% - 0.0% 14.0 0.2 - 0.3 3.0

Asia Pacific Telecom Co Ltd ORD 0.0% - 0.0% 15.8 0.0 - 0.0 0.1

Telkom South Africa 0.5% - 0.4% 26.7 1'410.5 - 185.1 448.1

Wireless Telecommunication Services 3.9% 0.7% 0.3% 6.8 1'125.8 104.8 1'290.8 12'497.2 +

Tim Participacoes SA ORD 0.0% - 0.0% 1.4 0.0 - 0.1 0.7

Empresa Nacional de Telecomunicaciones SA ORD 0.0% - 0.0% 6.3 0.0 - 0.0 0.4

Global Telecom Holding SAE ORD 0.0% - 0.0% 4.3 0.0 - 0.0 0.2

China Mobile 0.5% - 0.1% 16.6 294.1 - 182.2 1'568.0

Reliance Communications Ltd ORD 0.0% - 0.0% 4.8 0.0 - 0.0 0.0

Bharti Airtel Ltd ORD 0.0% - 0.0% 4.3 0.1 - 0.1 1.4

Vodafone Idea Ltd ORD 0.0% - 0.0% 39.6 0.1 - 0.0 0.1

SK Telecom 3.0% - 0.2% 5.9 810.9 - 994.8 9'600.4

America Movil SAB de CV ORD 0.0% - 0.0% 4.5 0.5 - 0.6 6.1

Maxis Bhd ORD 0.0% - 0.0% 12.8 0.0 - 0.1 0.7

Axiata Group Bhd ORD 0.0% - 0.0% 24.2 0.1 - 0.1 0.5

Digi.Com Bhd ORD 0.0% - 0.0% 11.3 0.0 - 0.1 0.9

Globe Telecom Inc ORD 0.3% - 0.0% 1.7 18.9 - 111.6 1'119.8

PLDT Inc ORD 0.0% - 0.0% 13.1 0.1 - 0.1 0.5

Vodafone Qatar QSC ORD 0.0% - 0.0% 6.5 0.0 - 0.0 0.3

Detskiy Mir PAO ORD 0.0% - 0.0% 4.0 0.0 - 0.0 0.0

Advanced Info Service PCL DR 0.0% - 0.0% 11.2 0.1 - 0.1 1.3

Turkcell Iletisim Hizmetleri AS ORD 0.0% - 0.0% 9.7 0.1 - 0.1 0.7

Taiwan Mobile Co Ltd ORD 0.0% - 0.0% 8.3 0.1 - 0.1 1.4

Far EasTone Telecommunications Co Ltd ORD 0.0% - 0.0% 13.4 0.1 - 0.1 0.8

AFK Sistema PAO DR 0.0% - 0.0% 13.2 0.1 - 0.0 -0.0

Mobil'nye Telesistemy PAO DR 0.0% - 0.0% 8.5 0.1 - 0.1 0.9

MTN Group Ltd ORD 0.0% - 0.0% 11.7 0.3 - 0.3 2.4

Vodacom Group Ltd ORD 0.0% - 0.0% 10.7 0.1 - 0.1 1.3

Electric Utilities 3.9% 1.9% 44.1% 638.5 143'127.0 27'029.7 57'540.9 -135'342.2

-

Alupar Investimento SA 0.0% - 0.0% 2.0 0.0 - 1.6 0.4

Companhia Energetica de Minas Gerais CEMIG PFD 0.0% - 0.0% 11.6 0.4 - 3.5 0.4

Companhia Paranaense de Energia PFD 0.0% - 0.0% 19.4 0.2 - 1.1 0.1

Centrais Eletricas Brasileiras SA ORD 0.0% - 0.0% 57.3 1.3 - 2.3 -0.8

Centrais Eletricas Brasileiras SA PFD 0.0% - 0.0% 63.1 1.3 - 2.7 -0.7

EDP Energias do Brasil SA ORD 0.0% - 0.0% 225.4 1.9 - 1.7 -1.5

Equatorial Energia SA ORD 0.0% - 0.0% 117.4 1.4 - 4.3 -0.4

Light SA ORD 0.0% - 0.0% 10.7 0.1 - 0.4 0.0

TRANSMISSORA ALIANCA 1.1% - 0.0% 3.3 43.0 - 16'440.2 3'750.1

Enel Americas SA ORD 0.0% - 0.0% 74.1 1.3 - 6.4 0.2

Interconnection Electric SA ESP ORD 0.2% - 0.0% 0.1 0.5 - 2'667.1 609.1

CEZ 1.1% - 7.7% 557.9 24'935.6 - 16'007.4 -21'519.9

Public Power Corporation SA ORD 0.0% - 0.0% 760.0 6.9 - 0.2 -6.9

50

Page 51: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Tata Power Company Ltd ORD 0.0% - 0.0% 1'008.3 9.2 - 1.2 -8.9

CESC Ltd ORD 0.1% - 0.2% 78.4 553.1 - 879.2 -352.7

Power Grid Corporation of India Ltd ORD 0.0% - 0.0% 4.0 0.0 - 4.6 1.0

Korea Electric Power Corp ORD 0.0% - 0.0% 3.3 0.3 - 8.5 1.7

Tenaga Nasional Bhd ORD 0.0% - 0.0% 328.2 7.6 - 10.7 -5.2

Manila Electric Co ORD 0.4% - 9.1% 1'473.7 29'648.5 - 5'355.4 -28'531.5

Enea SA ORD 0.0% - 0.5% 543.1 1'607.0 - 362.3 -1'524.7

Energa SA ORD 0.0% - 0.0% 186.8 1.4 - 0.6 -1.3

PGE Polska Grupa Energetyczna SA ORD 0.0% - 0.0% 1'031.9 12.9 - 2.7 -12.3

Mosenergo PAO ORD 0.0% - 0.0% 1'595.3 0.7 - 0.1 -0.7

RusHydro 0.1% - 1.9% 661.9 6'282.4 - 1'892.6 -5'858.2

InterRao 0.7% - 24.6% 776.5 79'888.3 - 10'125.6 -78'120.9

Fed Grid Comp of United Energy Systems 0.2% - 0.0% 0.0 0.1 - 3'646.3 833.9

Southern Co ORD 0.0% 0.1% 0.0% 593.8 121.9 2'040.6 112.5 -96.2

Gas Utilities 0.1% 0.2% 0.0% 10.6 42.8 391.8 232.3 222.8 +

Beijing Gas Blue Sky Holdings Ltd ORD 0.0% - 0.0% 22.4 0.0 - 0.0 0.0

China Gas Holdings Ltd ORD 0.0% - 0.0% 20.0 0.2 - 1.3 1.4

China Resources Gas Group Ltd ORD 0.0% - 0.0% 8.2 0.1 - 0.8 0.9

China Oil and Gas Group Ltd ORD 0.0% - 0.0% 21.6 0.0 - 0.0 0.0

Companhia de Gas de Sao Paulo Comgas PFD 0.1% - 0.0% 7.8 30.6 - 225.3 226.9

Perusahaan Gas Negara (Persero) Tbk PT ORD 0.0% - 0.0% 2.5 0.0 - 0.4 0.5

GAIL (India) Ltd ORD 0.0% - 0.0% 46.8 0.5 - 0.8 0.4

Indraprastha Gas Ltd ORD 0.0% - 0.0% 22.4 0.0 - 0.2 0.2

Gujarat State Petronet Ltd ORD 0.0% - 0.0% 20.8 0.0 - 0.1 0.1

Korea Gas Corp ORD 0.0% - 0.0% 5.6 0.2 - 0.3 0.2

ENN Energy Holdings Ltd ORD 0.0% - 0.0% 22.6 0.5 - 1.6 1.3

China Tian Lun Gas Holdings Ltd ORD 0.0% - 0.0% 22.6 0.0 - 0.0 0.0

Towngas China Company Ltd ORD 0.0% - 0.0% 3.8 0.0 - 0.2 0.2

Infraestructura Energetica Nova SAB de CV ORD 0.0% - 0.0% 236.1 0.3 - 0.5 0.2

Gas Malaysia Bhd ORD 0.0% - 0.0% 23.5 0.0 - 0.1 0.0

Petronas Gas Bhd ORD 0.0% - 0.0% 5'550.7 10.3 - 0.7 -9.5

Sui Northern Gas Pipelines Ltd ORD 0.0% - 0.0% 4.8 0.0 - 0.0 0.0

Multi-Utilities 0.1% 1.0% 0.2% 102.7 679.4 12'732.5 1'206.7 -446.0 -

Veolia Environnement SA ORD 0.0% 0.0% 0.1% 155.7 317.7 570.9 304.6 -258.8

Engie SA ORD 0.0% 0.1% 0.0% 209.1 147.1 1'712.3 112.0 -125.5

Suez SA ORD 0.0% 0.0% 0.1% 56.9 207.1 76.6 660.1 -79.3

Tianjin Development Holdings Ltd ORD 0.0% - 0.0% 106.5 0.2 - 0.4 -0.2

YTL Corporation Bhd ORD 0.0% - 0.0% 99.5 0.5 - 1.5 -0.2

Consolidated Edison Inc ORD 0.0% 0.1% 0.0% 30.3 6.7 61.8 128.2 18.2

Water Utilities 0.0% 0.1% 0.0% 21.4 7.1 29.1 18.2 79.8 +

Beijing Enterprises Water Group Ltd ORD 0.0% - 0.0% 33.7 0.2 - 0.1 0.6

China Water Affairs Group Ltd ORD 0.0% - 0.0% 48.5 0.1 - 0.1 0.1

Companhia de Saneamento de Minas GeraisCopasa MG ORD

0.0% - 0.0% 47.7 0.2 - 0.1 0.1

Companhia de Saneamento do Parana SaneparPFD

0.0% - 0.0% 105.0 0.2 - 0.0 -0.0

Companhia de Saneamento Basico do Estado deSao Paulo SABESP ORD

0.0% - 0.0% 58.2 0.7 - 0.2 0.3

Aguas Andinas SA ORD 0.0% - 0.0% 18.5 5.5 - 17.3 77.0

Inversiones Aguas Metropolitanas SA ORD 0.0% - 0.0% 33.4 0.0 - 0.0 0.0

Athens Water and Sewerage Company SA ORD 0.0% - 0.0% 35.5 0.0 - 0.0 0.1

51

Page 52: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Guangdong Investment Ltd ORD 0.0% - 0.0% 33.7 0.1 - 0.3 1.3

CT Environmental Group Ltd ORD 0.0% - 0.0% 34.9 0.0 - 0.0 0.0

Manila Water Company Inc ORD 0.0% - 0.0% 34.3 0.0 - 0.0 0.2

TTW PCL DR 0.0% - 0.0% 34.3 0.0 - 0.0 0.1

Independent Power Producers & Energy Traders 0.1% 0.1% 1.2% 1'039.1 3'885.8 6'411.8 2'161.4 -3'643.7 -

AES Gener SA ORD 0.0% - 0.0% 1'042.9 3.2 - 2.0 -3.0

Colbun SA ORD 0.0% - 0.0% 282.7 0.9 - 4.2 -0.5

Huadian Energy Co Ltd ORD 0.0% - 0.0% 20'396.5 16.5 - 0.3 -16.5

Datang International Power Generation Co Ltd ORD 0.0% - 0.0% 1'921.7 1.4 - 0.2 -1.3

Huadian Power International Corp Ltd ORD 0.0% - 0.0% 2'378.1 6.9 - 0.9 -6.8

CGN Power Co Ltd ORD 0.0% - 0.0% 1'718.0 7.8 - 5.6 -7.2

China National Nuclear Power Co Ltd ORD 0.0% - 0.0% 3.7 0.0 - 1.9 0.2

China Power Clean Energy Development Co LtdORD

0.0% - 0.0% 3.0 0.0 - 0.6 0.1

China Power International Development Ltd ORD 0.0% - 0.0% 1'537.6 6.6 - 2.0 -6.3

JSW Energy Ltd ORD 0.0% - 0.0% 1'468.0 0.4 - 0.1 -0.4

Reliance Power Ltd ORD 0.0% - 0.0% 3'107.7 1.7 - 0.3 -1.7

PTC India Ltd ORD 0.0% - 0.0% 3.0 0.0 - 0.9 0.1

Aboitiz Power Corp ORD 0.0% - 0.0% 55.5 0.1 - 2.7 0.2

First Gen Corp ORD 0.0% - 0.3% 332.1 866.4 - 1'057.5 -746.9

Hub Power Company Ltd ORD 0.0% - 0.0% 416.0 0.7 - 0.9 -0.6

KOT Addu Power Company Ltd ORD 0.0% - 0.0% 357.9 0.2 - 0.2 -0.2

Yunipro PAO ORD 0.0% - 0.9% 2'725.9 2'963.6 - 1'074.3 -2'843.0

Electricity Generating PCL DR 0.0% - 0.0% 4'266.5 5.2 - 2.7 -4.9

Glow Energy PCL DR 0.0% - 0.0% 1'203.5 4.0 - 3.6 -3.6

Zorlu Enerji Elektrik Uretim AS ORD 0.0% - 0.0% 93.9 0.0 - 0.4 0.0

Renewable Electricity 0.6% 0.0% 1.0% 315.7 3'301.0 0.0 7'535.8 -1'114.5 -

GCL New Energy Holdings Ltd ORD 0.0% - 0.0% 102.1 0.0 - 0.3 0.0

Panda Green Energy Group Ltd ORD 0.0% - 0.0% 51.2 0.0 - 0.2 0.0

CESP Companhia Energetica de Sao Paulo PFD 0.0% - 0.0% 0.9 0.0 - 1.0 0.3

Engie Brasil 0.6% - 1.0% 315.9 3'298.1 - 7'529.0 -1'113.5

AES Tiete Energia SA 0.0% - 0.0% 0.3 0.0 - 0.4 0.1

China Yangtze Power Co Ltd ORD 0.0% - 0.0% 1'412.2 0.9 - 0.8 -0.6

China Longyuan Power Group Corp Ltd ORD 0.0% - 0.0% 334.7 1.9 - 2.0 -1.3

Huaneng Renewables Corp Ltd ORD 0.0% - 0.0% 1.9 0.0 - 1.0 0.3

China Datang Corp Renewable Power Co Ltd ORD 0.0% - 0.0% 4.5 0.0 - 0.4 0.1

Terna Energy SA ORD 0.0% - 0.0% 77.3 0.0 - 0.0 0.0

Canvest Environmental Protection Group Co LtdORD

0.0% - 0.0% 130.4 0.1 - 0.4 0.1

Super Energy Corporation PCL DR 0.0% - 0.0% 515.4 0.1 - 0.3 -0.0

Diversified REITs 0.2% 0.2% 0.7% 1'634.5 2'227.7 21.8 74.6 -1'625.5 -

Grivalia Properties REIC ORD 0.0% - 0.0% 15.4 0.0 - 0.0 0.1

GZI Real Estate Investment Trust 0.0% - 0.0% 13.1 0.0 - 0.0 0.2

Concentradora Fibra Danhos SA de CV ORD 0.0% - 0.0% 16.5 0.0 - 0.0 0.1

Fibra Uno Administracion SA de CV ORD 0.2% - 0.7% 1'687.6 2'226.2 - 72.8 -1'638.5

Forest City Realty Trust Inc ORD 0.0% - 0.0% 38.4 1.3 - 1.3 9.5

Growthpoint Properties Ltd ORD 0.0% - 0.0% 0.4 0.0 - 0.2 1.3

Vukile Property Fund Ltd ORD 0.0% - 0.0% 15.4 0.0 - 0.0 0.3

Redefine Properties Ltd ORD 0.0% - 0.0% 13.7 0.0 - 0.1 1.0

Rebosis Property Fund Ltd ORD 0.0% - 0.0% 15.4 0.0 - 0.0 0.0

52

Page 53: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Emira Property Fund ORD 0.0% - 0.0% 194.8 0.2 - 0.0 0.0

Arrowhead Properties Ltd ORD 0.0% - 0.0% 27.1 0.0 - 0.0 0.0

SA Corporate Real Estate Fund Managers (Pty) LtdORD

0.0% - 0.0% 15.4 0.0 - 0.0 0.2

Fortress Reit Ltd ORD 0.0% - 0.0% 15.4 0.0 - 0.0 0.4

Industrial REITs 0.0% 0.2% 0.0% 8.8 0.0 4.9 0.0 0.8 +

Macquarie Mexico Real Estate Management SA deCV ORD

0.0% - 0.0% 16.5 0.0 - 0.0 0.2

Prologis Property Mexico SA de CV ORD 0.0% - 0.0% 4.1 0.0 - 0.0 0.2

TF Administradora S de RL de CV 0.0% - 0.0% 2.6 0.0 - 0.0 0.2

Prologis Inc ORD 0.0% 0.1% 0.0% 0.1 0.0 0.1 0.0 0.1

Hotel & Resort REITs 0.0% 0.0% 0.0% 14.6 0.0 8.6 0.0 0.1 +

Concentradora Fibra Hotelera Mexicana SA de CV 0.0% - 0.0% 14.6 0.0 - 0.0 0.1

Office REITs 0.0% 0.2% 0.0% 15.8 0.1 20.5 2.6 6.5 +

Daiwa Office Investment Corp ORD 0.0% - 0.0% 15.4 0.1 - 2.6 6.5

Delta Property Fund Ltd 0.0% - 0.0% 27.1 0.0 - 0.0 0.0

Residential REITs 0.0% 0.3% 0.0% 22.3 0.0 24.9 0.0 0.1 +

Emlak Konut Gayrimenkul Yatirim Ortakligi AS ORD 0.0% - 0.0% 22.3 0.0 - 0.0 0.1

Retail REITs 0.0% 0.5% 0.0% 5.8 0.0 30.4 0.1 2.3 +

National Retail Properties Inc ORD 0.0% 0.0% 0.0% 1.6 0.0 0.2 0.1 1.9

Hyprop Investments Ltd ORD 0.0% - 0.0% 21.6 0.0 - 0.0 0.4

Diversified Real Estate Activities 0.0% 0.4% 0.0% 7.3 0.2 68.5 0.2 5.2 +

Aldar Properties PJSC ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.4

Deyaar Development PJSC ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.1

RAK Properties PJSC ORD 0.0% - 0.0% 4.3 0.0 - 0.0 0.1

Union Properties PJSC ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.0

Gemdale Properties and Investment Corp Ltd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.0

Skyfame Realty Holdings Ltd ORD 0.0% - 0.0% 9.9 0.0 - 0.0 0.1

Shanghai Lujiazui Finance & Trade ZoneDevelopment Co Ltd ORD

0.0% - 0.0% 2.9 0.0 - 0.0 0.1

Madinet Nasr for Housing and Development SAEORD

0.0% - 0.0% 1.7 0.0 - 0.0 0.0

Heliopolis Co for Housing and Development SAEORD

0.0% - 0.0% 2.2 0.0 - 0.0 0.0

Shenzhen Investment Ltd ORD 0.0% - 0.0% 1.1 0.0 - 0.0 0.3

ALAM SUTERA REALTY Tbk PT ORD 0.0% - 0.0% 4.5 0.0 - 0.0 0.1

Pakuwon Jati Tbk PT ORD 0.0% - 0.0% 27.1 0.0 - 0.0 0.3

Indiabulls Real Estate Ltd ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.1

Phoenix Mills Ltd ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.1

Korea Real Estate Investment & Trust Co Ltd ORD 0.0% - 0.0% 19.7 0.0 - 0.0 0.1

Eastern & Oriental Bhd ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.1

Sunway Bhd ORD 0.0% - 0.0% 18.7 0.0 - 0.0 0.1

Ayala Land Inc ORD 0.0% - 0.0% 14.0 0.1 - 0.1 1.5

Robinsons Land Corp ORD 0.0% - 0.0% 4.9 0.0 - 0.0 0.1

Barwa Real Estate Company QPSC ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.6

Ezdan Holding Group QSC ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.9

Golden Land Property Development PCL DR 0.0% - 0.0% 2.5 0.0 - 0.0 0.1

Radium Life Tech Co Ltd ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.1

Chong Hong Construction Co Ltd ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.1

Real Estate Operating Companies 0.0% 0.2% 0.0% 27.7 0.4 122.4 0.5 6.3 +

Emaar Malls PJSC ORD 0.0% - 0.0% 27.1 0.0 - 0.0 0.2

Zhuguang Holdings Group Co Ltd ORD 0.0% - 0.0% 26.2 0.0 - 0.0 0.0

Aliansce Shopping Centers SA 0.0% - 0.0% 24.6 0.0 - 0.0 0.2

BR Malls Participacoes SA ORD 0.0% - 0.0% 3.8 0.0 - 0.1 0.8

53

Page 54: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

BR Properties SA ORD 0.0% - 0.0% 24.6 0.0 - 0.0 0.1

Iguatemi Empresa de Shopping Centers SA ORD 0.0% - 0.0% 25.8 0.0 - 0.0 0.3

Multiplan Empreendimentos Imobiliarios SA ORD 0.0% - 0.0% 11.7 0.0 - 0.0 0.5

Parque Arauco SA ORD 0.0% - 0.0% 9.5 0.0 - 0.0 0.3

China Logistics Property Holdings Co Ltd ORD 0.0% - 0.0% 27.1 0.0 - 0.0 0.1

Renhe Commercial Holdings Co Ltd ORD 0.0% - 0.0% 26.1 0.0 - 0.0 0.2

Corporacion Inmobiliaria Vesta SAB de CV ORD 0.0% - 0.0% 1.3 0.0 - 0.0 0.2

SM Prime Holdings Inc ORD 0.0% - 0.0% 38.1 0.1 - 0.1 1.6

Fastighets AB Balder ORD 0.0% - 0.0% 27.9 0.1 - 0.1 0.8

Bangkok Land PCL DR 0.0% - 0.0% 19.8 0.0 - 0.0 0.3

Central Pattana PCL DR 0.0% - 0.0% 32.7 0.0 - 0.1 0.8

Attacq Ltd ORD 0.0% - 0.0% 169.6 0.1 - 0.0 0.1

Real Estate Development 6.8% 0.1% 0.4% 2.3 1'164.7 5.3 7'716.7 23'829.9 +

Damac Properties Dubai Co PJSC ORD 0.0% - 0.0% 1.5 0.0 - 0.1 0.2

Emaar Properties PJSC ORD 0.0% - 0.0% 1.9 0.0 - 0.3 1.0

Eshraq Properties Company PJSC ORD 0.0% - 0.0% 5.8 0.0 - 0.0 0.1

Carnival Group International Holdings Ltd ORD 0.0% - 0.0% 27.1 0.0 - 0.0 0.1

Road King Infrastructure Ltd ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.0

Shanghai Industrial Urban Development Group LtdORD

0.0% - 0.0% 2.4 0.0 - 0.0 0.1

Greenland Holdings 0.7% - 0.1% 1.4 173.8 - 813.4 2'301.8

Shanghai Shibei Hi-Tech Co Ltd ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.0

Beijing Capital Land Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.1

Beijing North Star Co Ltd ORD 0.0% - 0.0% 2.6 0.0 - 0.0 0.0

Guangzhou R&F; Properties Co Ltd ORD 0.0% - 0.0% 1.9 0.0 - 0.2 0.6

China Vanke Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.4 1.3

Seazen Holdings Co Ltd ORD 0.0% - 0.0% 2.1 0.0 - 0.0 0.1

China Merchants Shekou Industrial Zone HoldingsCo Ltd ORD

0.0% - 0.0% 2.2 0.0 - 0.0 0.1

Palm Hills Developments Company SAE ORD 0.0% - 0.0% 2.7 0.0 - 0.0 0.1

Sixth of October Development and Investment CoSAE ORD

0.0% - 0.0% 2.9 0.0 - 0.0 0.0

Talaat Mostafa Group Holding Co SAE ORD 0.0% - 0.0% 3.2 0.0 - 0.0 0.1

China Overseas Grand Oceans Group Ltd ORD 0.0% - 0.0% 0.2 0.0 - 0.0 0.1

Poly Property Group Co Ltd ORD 0.2% - 0.0% 1.4 35.2 - 200.6 572.0

Yuexiu Property Co Ltd ORD 0.0% - 0.0% 2.0 0.0 - 0.1 0.4

China Overseas Land & Investment Ltd ORD 0.0% - 0.0% 0.6 0.0 - 1.2 3.6

China Jinmao Holdings Group Ltd ORD 0.0% - 0.0% 2'687.7 28.2 - 0.2 -27.6

Sino-Ocean Group Holding Ltd ORD 0.2% - 0.0% 1.7 26.7 - 276.6 811.4

Hanson International Tbk PT ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.1

Summarecon Agung Tbk PT ORD 0.0% - 0.0% 3.0 0.0 - 0.1 0.2

Sentul City Tbk PT ORD 0.0% - 0.0% 7.6 0.0 - 0.0 0.0

Lippo Karawaci Tbk PT ORD 0.0% - 0.0% 1.9 0.0 - 0.0 0.1

Bumi Serpong Damai Tbk PT ORD 0.0% - 0.0% 3.2 0.0 - 0.1 0.2

Ciputra Development Tbk PT ORD 0.0% - 0.0% 2.9 0.0 - 0.1 0.2

PP Properti Tbk PT ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.1

Oberoi Realty Ltd ORD 0.0% - 0.0% 2.3 0.0 - 0.0 0.1

Godrej Properties Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.1 0.2

Sobha Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.1

Prestige Estates Projects Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.1

SK D&D; Co Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.0 0.0

54

Page 55: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Agile Property 1.5% - 0.1% 1.8 192.5 - 1'636.3 4'824.9

China Resources Land 1.8% - 0.1% 4.6 369.6 - 1'992.3 5'756.2

China Aoyuan Group Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.1 0.2

CHINA SCE PROPERTY HOLDINGS 1.0% - 0.1% 2.3 166.1 - 1'114.3 3'234.7

China Evergrande Group ORD 0.0% - 0.0% 1.9 0.3 - 0.7 1.7

CIFI Holdings Group Co Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.2 0.6

Country Garden Holdings Co Ltd ORD 0.0% - 0.0% 1.2 0.0 - 0.9 2.6

Fantasia Holdings Group Co Ltd ORD 0.0% - 0.0% 2.2 0.0 - 0.0 0.0

Fullshare Holdings Ltd ORD 0.0% - 0.0% 634.4 0.3 - 0.1 0.1

Future Land Development Holdings Ltd ORD 0.1% - 0.0% 1.8 9.0 - 75.0 217.8

Glory Land Company Ltd ORD 0.0% - 0.0% 2.9 0.0 - 0.0 0.0

Glorious Property Holdings Ltd ORD 0.0% - 0.0% 1.0 0.0 - 0.0 0.0

Greentown China Holdings Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.1 0.2

Greenland Hong Kong Holdings Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.0 0.1

Jiayuan International Group Ltd ORD 0.0% - 0.0% 27.1 0.0 - 0.0 0.1

Kaisa Group Holdings Ltd ORD 0.0% - 0.0% 2.7 0.0 - 0.1 0.2

KWG Group Holdings Ltd ORD 0.0% - 0.0% 2.7 0.0 - 0.1 0.4

Logan Property Holdings 0.5% - 0.0% 1.8 74.7 - 521.2 1'507.7

Longfor Properties 0.6% - 0.0% 2.3 44.9 - 638.2 1'894.9

Powerlong Real Estate Holdings Ltd ORD 0.0% - 0.0% 1.6 0.0 - 0.1 0.2

Redco Properties Group Ltd ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.0

Ronshine China Holdings Ltd ORD 0.0% - 0.0% 62.4 0.2 - 0.0 -0.1

Shimao Property Holdings Ltd ORD 0.1% - 0.0% 2.1 17.2 - 122.6 353.9

Shui On Land Ltd ORD 0.0% - 0.0% 4.6 0.0 - 0.1 0.3

Soho China Ltd ORD 0.0% - 0.0% 27.6 0.0 - 0.1 0.2

Sunac China Holdings Ltd ORD 0.0% - 0.0% 1.4 0.0 - 0.8 2.3

Yuzhou Properties Company Ltd ORD 0.2% - 0.0% 1.8 22.6 - 238.4 699.6

UEM Sunrise Bhd ORD 0.0% - 0.0% 0.9 0.0 - 0.0 0.1

UOA Development 0.1% - 0.0% 3.1 3.2 - 80.1 239.0

IOI Properties Group Bhd ORD 0.0% - 0.0% 3.8 0.0 - 0.1 0.2

Mah Sing Group Bhd ORD 0.0% - 0.0% 1.8 0.0 - 0.0 0.1

S P Setia Bhd ORD 0.0% - 0.0% 2.4 0.0 - 0.1 0.2

DoubleDragon Properties Corp ORD 0.0% - 0.0% 17.1 0.0 - 0.0 0.1

Filinvest Land Inc ORD 0.0% - 0.0% 4.0 0.0 - 0.0 0.1

Megaworld Corp ORD 0.0% - 0.0% 2.7 0.0 - 0.1 0.3

Vista Land and Lifescapes Inc ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.1

United Development Company QPSC ORD 0.0% - 0.0% 2.5 0.0 - 0.1 0.2

Land and Houses PCL DR 0.0% - 0.0% 0.3 0.0 - 0.0 0.1

Quality Houses PCL DR 0.0% - 0.0% 3.0 0.0 - 0.0 0.1

AP Thailand PCL DR 0.0% - 0.0% 1.4 0.0 - 0.0 0.0

Supalai PCL DR 0.0% - 0.0% 1.4 0.0 - 0.0 0.1

LPN Development PCL DR 0.0% - 0.0% 1.0 0.0 - 0.0 0.0

Sansiri PCL DR 0.0% - 0.0% 1.6 0.0 - 0.0 0.1

Amata Corporation PCL DR 0.0% - 0.0% 4.0 0.0 - 0.0 0.1

Singha Estate PCL DR 0.0% - 0.0% 4.3 0.0 - 0.0 0.0

Cathay Real Estate Development Co Ltd ORD 0.0% - 0.0% 0.1 0.0 - 0.0 0.1

Kindom Construction Corp ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.1

Hung Sheng Construction Ltd ORD 0.0% - 0.0% 2.0 0.0 - 0.0 0.1

55

Page 56: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Weight Carbon Data Analysis

Company Portfolio Benchmark % of total carbon intensity(tCO2e / Mio.

revenue)

FinancedEmissions

(tCO2e)

BenchmarkEmissions

(tCO2e)

Av. SectorEmissions

(tCO2e)

PortfolioContribution

(tCO2e)

Highwealth Construction Corp ORD 0.0% - 0.0% 1.4 0.0 - 0.1 0.2

Huaku Development Co Ltd ORD 0.0% - 0.0% 1.3 0.0 - 0.1 0.2

Farglory Land Development Co Ltd ORD 0.0% - 0.0% 0.0 0.0 - 0.1 0.2

Ruentex Development Co Ltd ORD 0.0% - 0.0% 2.4 0.0 - 0.1 0.2

Gruppa LSR PAO DR 0.0% - 0.0% 1.6 0.0 - 0.0 0.0

Real Estate Services 0.0% 0.1% 0.0% 11.5 0.0 3.0 0.0 0.1 +

China Overseas Property Holdings Ltd ORD 0.0% - 0.0% 27.1 0.0 - 0.0 0.0

Colour Life Services Group Co Ltd ORD 0.0% - 0.0% 1.5 0.0 - 0.0 0.1

Sinyi Realty Inc ORD 0.0% - 0.0% 2.5 0.0 - 0.0 0.0

Others 1.3% 1.3% 0.1% 3.8 164.8 205.6 0.0 4'345.6 +

Dubai Financial Market PJSC ORD 0.0% - 0.0% 1.2 0.0 - 0.0 0.0

Central European Media Enterprises Ltd ORD 0.0% - 0.0% 4.1 0.0 - 0.0 0.0

Multiplus SA ORD 0.0% - 0.0% 1.2 1.2 - 0.0 130.1

Cia De Transmissao 0.9% - 0.0% 0.1 4.7 - 0.0 3'174.0

Jiangxi Copper Co Ltd ORD 0.0% - 0.0% 17.1 0.4 - 0.0 -0.0

Hellenic Exchanges Athens Stock Exchange SAORD

0.0% - 0.0% 5.3 0.0 - 0.0 0.1

CRISIL Ltd ORD 0.0% - 0.0% 10.4 0.0 - 0.0 0.1

CARE Ratings Ltd ORD 0.0% - 0.0% 6.2 0.0 - 0.0 0.1

Jcontentree Corp ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.0

Cafe24 Corp ORD 0.0% - 0.0% 4.1 0.1 - 0.0 0.1

Hyundai Hy Communications 0.0% - 0.0% 0.4 0.4 - 0.0 99.8

Jinchuan Group International Resources Co LtdORD

0.0% - 0.0% 311.5 0.0 - 0.0 -0.0

Netdragon Websoft Holdings Ltd ORD 0.0% - 0.0% 3.6 0.0 - 0.0 0.1

IGG Inc ORD 0.0% - 0.0% 2.8 0.0 - 0.0 0.4

Tian Ge Interactive Holdings Ltd ORD 0.0% - 0.0% 1.7 0.0 - 0.0 0.0

Bolsa Mexicana de Valores SAB de CV ORD 0.3% - 0.0% 1.5 3.7 - 0.0 961.5

Bursa Malaysia Bhd ORD 0.0% - 0.0% 6.9 0.0 - 0.0 0.3

Gielda Papierow Wartosciowych w Warszawie SAORD

0.0% - 0.0% 2.6 0.0 - 0.0 0.0

KGHM Polska Miedz SA ORD 0.0% - 0.0% 96.7 1.1 - 0.0 -0.3

Moskovskaya Birzha MMVB-RTS PAO ORD 0.0% - 0.0% 1.4 0.0 - 0.0 0.4

BTS Group Holdings PCL DR 0.0% - 0.0% 2.0 0.0 - 0.0 0.6

BEC World PCL DR 0.0% - 0.0% 0.0 0.0 - 0.0 0.1

ADDCN Technology 0.0% - 0.0% 627.4 153.1 - 0.0 -55.6

Changyou.Com Ltd DR 0.0% - 0.0% 2.6 0.0 - 0.0 0.1

Southern Copper Corp ORD 0.0% - 0.0% 9.1 0.0 - 0.0 0.7

Twitter Inc ORD 0.0% 0.1% 0.0% 1.5 0.0 0.8 0.0 7.5

JSE Ltd ORD 0.0% - 0.0% 6.0 0.0 - 0.0 0.3

Total portfolio 97.6% 96.3% 100.0% 60.7 324'482.2 96'269.3 319'706.7

Note that the weighting for the benchmark will not always total 100% as the stocks shown are only for those held by the portfolio.

56

Page 57: Carbon Report - SEB...Carbon Report - SEB Emerging Marketsfond Attribution Analysis The two principal reasons why the carbon exposure of the portfolio may differ from the benchmark

Carbon Report - SEB Emerging Marketsfond

Carbon RankingThis is a standardized ranking of the fund based on the product'sweighted average carbon intensity using two peergroups. Oneconsisting of all other funds in the database (global percentile) andone where the fund is ranked taking the specific Lipper GlobalClassification into account (peer percentile). The ranking is based onpercentiles and ranges from 0 (worst) to 100 (best).

Global Percentile

11(n=5290)

Peer Percentile

9(Lipper Global Equity Global, n=935)

The carbon footprint provides a historic snapshot of the emissions from the equity holdings of the fund. The calculations are not comprehensive and indirect emissions, e.g. from suppliers, are based on reporteddata or estimates of emissions. The metric says nothing about how the portfolio contributes to a low-carbon society. For further information about the metric, see www.sebgroup.com.

57