Company Profiles

DEXIA

Belgium

Dexia is a bank that considers sustainable development an essential dimension of its value proposition. The company's commitment to incorporating environmental considerations into its business is illustrated through efforts ranging from its financing activities to its recycling initiatives. Dexia's primary line of business is public project finance. Specifically, the company is committed to helping local authorities guarantee the sustainable development of their region through financing projects in the areas of water and waste management, renewable energy, and transportation development. Dexia is also a significant player in the Socially Responsible Investment industry in Europe. The company understands the importance of sustainability issues from a risk perspective, and adheres to the Equator Principles for its project finance activities, while also bringing attention to climate change risks by signing on to the Carbon Disclosure Project. Dexia works to minimize the direct impact of its operations through energy efficiency efforts, employee commute initiatives, and recycling schemes, among others. For example, the company has an innovative program enabling the public to utilize its branches as collection points for recycling ink cartridges.

To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/30/07 and may not reflect current opinions or subsequent events.