Excluded 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 RI adviser Ethix SRI Advisors. Danske Bank reports on the companies that are screened out of portfolios semi-annually.

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

 

Company

Reason for exclusion

Aerojet Rocketdyne Holdings Inc. 
Involved in production of nuclear weapons.

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.

Airbus Group SE

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.

​Barrick Gold Corp.

​Involved in breaching environmental norms.

Cintas Corp.

Involved in violations of labour 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 Corp.

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

Elbit Systems Ltd.

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

General Dynamics Corp.

Involved in production of nuclear weapons.

Hanwha Corp.

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

Incitec Pivot Ltd.

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

Innophos Holding Inc.

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

Jiangxi Hongdu Aviation Industry Co. Ltd.

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

L-3 Communications Holdings Inc.

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

Lockheed Martin Corp.

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 Inc.

Involved in production of nuclear weapons.

Motovilikhinskiye Zavody PAO

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

Northrop Grumman Corp.

Involved in production of nuclear weapons.

​Orbital ATK 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.

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.

​S&T Dynamics Co. Ltd. ​Involved in production of anti-personnel mines, which is prohibited under an international convention.

Safran SA

Involved in production of nuclear weapons.

Serco Group Plc.

Involved in production of nuclear weapons.

​Textron Inc. ​Involved in production of cluster munitions and anti-personnel mines, which is prohibited under international conventions.
United Technologies Corp. ​Involved in production of nuclear weapons.

 

Last updated 15 January 2016
 

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