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:
- Manufacture, development or sale of controversial weapons including anti-personnel mines, cluster weapons, chemical weapons and biological weapons
- Development or production of nuclear weapons
- Extraction of thermal coal, in the cases that extraction exceeds 5 percent of the company’s turnover
- Verifiably breach international norms and conventions regarding human rights, the environment, anti-corruption and labour rights, and where we do not see any impetus to address the problems
- Companies or company groups that produce or distribute tobacco products. The goal is to completely exclude companies that produce tobacco. Thus the maximum turnover for a company is 0%. The maximum turnover for a company that distributes tobacco is 5%.
- Companies that produce cannabis for recreational use.
SEB’s sustainable funds also exclude companies with more than 5 percent of their turnover derived from alcohol, weapons, commercial gambling or pornography. In addition, the funds also exclude companies that extract coal, gas or oil.