Excluded companiesExcluded companies

We have currently screened out the companies listed below from our investment universe because they do not meet the requirements of our Responsibility policy. We are also holding dialogues with a number of companies about critical activities. Our decisions on whether to exclude companies from the investment universe are based on tests carried out by the specialised independent SRI adviser Ethix SRI Advisors. Danske Bank reports on the companies that are screened out of portfolios semi-annually.

If a company had previously been screened out of investment portfolios but is no longer in conflict with our SRI standards, the securities issued by the company are once again included in the investment universe. 

 

Company

Reason for exclusion

Aeroteh SA

Involved in production of cluster munitions, which is prohibited under an international convention.

Africa Israel Investments Ltd.

Involved in construction activities in conflict with international humanitarian law.

Alliant Techsystems Inc.

Involved in production of anti-personnel mines and cluster munitions, which is prohibited under international conventions. The company is also involved in production of nuclear weapons.

Aryt Industries Ltd.

Involved in production of anti-personnel mines and cluster munitions, which is prohibited under international conventions.

Bank Hapoalim

Involved in activities in conflict with international humanitarian law.

Cintas Corp.

Involved in violations of labour rights norms.

CNOOC Ltd.

Involved in oil exploration in conflict with human rights norms.

Danya Cebus Ltd.

Involved in construction activities in conflict with international humanitarian law.

Dongfeng Motor Group Company Ltd.

Involved in supplying military equipment used in conflict with human rights norms.

Doosan

Involved in supplying military equipment used in conflict with human rights norms

European Aeronautic Defence and Space Company

Involved in production of nuclear weapons.

Elbit Systems Ltd.

Involved in supplying electronic equipment in conflict with human rights norms.

General Dynamics Corporation

Involved in production of nuclear weapons.

Gencorp

Involved in production of nuclear weapons.

Hanwha Corporation

Involved in production of anti-personnel mines and cluster munitions, which is prohibited under international conventions.

Hyundai Motor Company 

Activities in conflict with anti-corruption norms.

Incitec Pivot

Involved in importation of natural resources sourced in conflict with human rights norms.

Innophos

Involved in importation of natural resources sourced in conflict with human rights norms.

Jiangxi Hongdu

Involved in supplies of military equipment used in conflict with human rights norms.

L-3 Communications Corporation

Involved in production of cluster munitions, which is prohibited under an international convention.

Lockheed Martin Corporation

Involved in production of anti-personnel mines and cluster munitions, which is prohibited under international conventions. The company is also involved in production of nuclear weapons.

Moog

Involved in production of nuclear weapons.

Motovilikhinskiye Zavody

Involved in production of cluster munitions, which is prohibited under an international convention.

Northrop Grumman Corp.

Involved in production of nuclear weapons.

Poongsan Corp.

Involved in production of cluster munitions, which is prohibited under an international convention.

Potash Corporation of Saskatchewan Inc.

Involved in importation of natural resources sourced in conflict with human rights norms.

Safran SA

Involved in production of nuclear weapons.

Serco Group

Involved in production of nuclear weapons.

Singapore Technologies Engineering Ltd.

Involved in production of anti-personnel mines and cluster munitions, which is prohibited under international conventions.

Sterlite Industries India Ltd.

Involved in breaching environmental and human rights norms.

​Textron Inc. ​Involved in production of cluster munitions and anti-personnel mines, which is prohibited under international conventions.
United Technologies ​Involved in production of nuclear weapons.
​Vedanta Resources plc. ​Involved in breaching environmental and human rights norms.

 

Last updated 14 January 2014
 

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