Since signing the UN’s principles for responsible investment in 2008, we have successively increased our level of ambition in this area. We do not invest in companies that have substantial sustainability challenges or are engaged in activities that violate international guidelines and conventions.
All actively managed SEB funds follow our core sustainability criteria and thus do not invest in companies engaged in the following (see pyramid #1):
- Production or sale of controversial weapons including landmines, cluster weapons, chemical weapons and biological weapons
- Development or production of nuclear weapons
- Extraction of thermal coal, in the cases that extraction comprises more than 20 percent of the company’s total turnover
- Verifiably breach international norms regarding human rights, the environment, corruption and labour rights, and that, moreover, are not willing to solve the situations that cause the breaches
SEB’s sustainable and ethical funds also exclude corporate groups with more than 5 percent of their turnover resulting from alcohol, tobacco, gaming, pornography and weapons business sectors (see pyramid #2).
Our sustainable funds also exclude companies that extract coal, gas or oil (see pyramid #3).
Below: The sustainability criteria that our fund managers apply when excluding companies. The higher a fund is in the pyramid, the more sustainable it is from an exclusion perspective.