In the case of the Responsible funds, we supplement the exclusion criteria based on SVVK-ASIR with additional criteria and thereby exclude other companies with ESG-critical business models:
- Manufacturers of military technology, weapons and ammunition
- Producers of pornography
- Exploitative child labour
- The extraction of coal (> 5% of revenue; excluding metal production)
- Companies with coal reserves (excluding metal production).
In the case of the latter two exclusion criteria, investments may, by way of an exception, be made in green or sustainability bonds of the companies in question. The capital raised by these bonds is earmarked and will be used to finance the energy transition, to reduce or prevent environmental and climate losses, or more generally to achieve the United Nations’ development goals. In the event of potential violations by companies of the UN Global Compact Principles (United Nations standard on human and labour rights, environmental standards and anti-corruption) resulting from our screening, we seek dialogue as part of our engagement and urge companies to change their behaviour. If no change in behaviour occurs within a reasonable period of time, existing investments will be sold.
More detailed information on the application of exclusion criteria can be found in the brochure «Application of exclusion criteria».