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Exclusion list
In December 2008 close to 100 states signed a new convention that prohibits cluster munitions. We therefore added cluster munitions as a part of our norm-based screening. In June 2009 Nordea’s committee for Responsible Investment decided to exclude companies which are involved in the production of cluster munitions from our investment universe.
The following companies will not be eligible for investment as long as they continue to be involved in cluster munitions:
- Aerostar S.A.
- Aeroteh S.A.
- Alliant Techsystems Inc.
- GenCorp Inc.
- General Dynamics Corp.
- Hanwha Corp.
- L-3 Communications Corp.
- Lockheed Martin Corp.
- Poongsan Corp.
- Singapore Technologies Engineering Ltd.
- Textron Inc.