Economic and Investment Outlook

Ireland in top 20 most sustainable countries Ireland rated highly by Sustainalytics and rating agencies on ESG Ireland ranks 15th globally by Sustainalytics for ESG risk 16 14 12 10 CANDR6420 Moody's view on Ireland much like other agencies - strong governance a key risk mitigant CIS-1 Positive "For an issuer CIS-1 (Positive), its ESG attributes are overall considered as having a positive impact on the rating. The overall influence...... is material". SECTOR MEDIAN " POSITIVE IMPACT Norway Switzerland Luxembourg Sweden Australia Iceland Canada Denmark Finland Austria Ireland Netherlands Germany New Zealand United States United Kingdom Japan France Belgium Singapore Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta National Treasury Management Agency Source: Sustainalytics (2022), Moody's NEGATIVE IMPACT Ireland's ESG Credit Impact Score: "low exposure to environmental risk" "a positive influence of its social considerations" "very strong governance profile" Note: Sustainalytics score is out of 100, closer to zero means less ESG risk 51 5554

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