Liste over udelukkede selskaber

Denne side findes ikke på dit sprog, og derfor vises den på engelsk.

Excluded companies

Exclusion of a company from our fund portfolio is always a last resort. However, Nordea Asset Management never invests in companies that manufacture biological and chemical weapons, anti-personnel mines, cluster bombs and/or nuclear weapons as we in no way consider this a good investment for you as an investor or for society as a whole. 

In 2015 Nordea Asset Management also decided to exclude companies with large and sustained exposure to thermal mining, the most environmentally compromising fossil fuel resource and with 75% of revenues derived from sales of coal products and do not have a meaningful opportunity to diversify from coal.

In February 2017 Nordea Asset Management decided to extend the scope of the policy for Responsible Investments to not only include development and production of nuclear weapons but to also include companies involved in the maintenance phase. As a result another 16 companies were excluded. 

The list was last updated in September 2017.  

Company nameReason
Adaro Energy Tbk PTInvolved in Coal & Consumable Fuels 

Alpha Natural Resources Inc

Involved in Coal & Consumable Fuels 

Arch Coal Inc

Involved in Coal & Consumable Fuels 
Asia Resource Minerals PLCInvolved in Coal & Consumable Fuels 
Banpu PLCInvolved in Coal & Consumable Fuels 
Bathurst Resources LtdInvolved in Coal & Consumable Fuels

Borneo Lumbung Energi & Metal Tbk

Involved in Coal & Consumable Fuels
Bumi Resources Tbk PTInvolved in Coal & Consumable Fuels
China Coal Energy Co LtdInvolved in Coal & Consumable Fuels
Coal India LtdInvolved in Coal & Consumable Fuels
Guizhou Panjiang Refined Coal Co LtdInvolved in Coal & Consumable Fuels
Hidili Industry International Development LtdInvolved in Coal & Consumable Fuels
Indo Tambangraya Megah Tbk PTInvolved in Coal & Consumable Fuels
Inner Mongolia Yitai Coal Co LtdInvolved in Coal & Consumable Fuels
Jastrzebska Spolka Weglowa SAInvolved in Coal & Consumable Fuels
Lubelski Wegiel Bogdanka SAInvolved in Coal & Consumable Fuels
New World Resources PLCInvolved in Coal & Consumable Fuels
Peabody Energy CorpInvolved in Coal & Consumable Fuels
Raspadskaya OAOInvolved in Coal & Consumable Fuels
Shanxi Coal International Energy Group Co Ltd Involved in Coal & Consumable Fuels
Shanxi Lu'an Environmental Energy Development Co LtdInvolved in Coal & Consumable Fuels
Shougan Fushan Resources Group LtdInvolved in Coal & Consumable Fuels

SouthGobi Resources Ltd

Involved in Coal & Consumable Fuels
Tambang Batubara Bukit Asam Persero Tbk PTInvolved in Coal & Consumable Fuels
Whitehaven Coal LtdInvolved in Coal & Consumable Fuels
Winetime Energy Co LtdInvolved in Coal & Consumable Fuels
Yang Quan Coal Industry Group Co LtdInvolved in Coal & Consumable Fuels
Yanzhou Coal Mining Co LtdInvolved in Coal & Consumable Fuels
S&T Dynamics Co LtdInvolvement in anti-personnel mines
Aeroteh S.A.Involvement in cluster munitions 
Aryt Industries LtdInvolvement in cluster munitions 
Motovilikhinskie Zavody OAOInvolvement in cluster munitions 
Poongsan CorpInvolvement in cluster munitions 
Hanwha CorpInvolvement in cluster munitions & anti-personnel mines
Orbital ATK Inc (former Alliant Techsystems Inc.)Involvement in cluster munitions & Maintenance of nuclear weapons 
Textron IncInvolvement in cluster munitions & Maintenance of nuclear weapons 
General Dynamics Corp Involvement in cluster munitions & nuclear weapons 
Lockheed Martin Corp Involvement in cluster munitions & nuclear weapons 
Airbus Group NV (former European Aeronautic Defence and Space Co NV) Involvement in nuclear weapons 
Babcock International Group PLCInvolvement in nuclear weapons 
BAE Systems PLCInvolvement in nuclear weapons 
Boeing Co/TheInvolvement in nuclear weapons 
China Shipbuilding Industry Co Ltd Involvement in nuclear weapons 
Constructions Industrielles de la Mediterranee SAInvolvement in nuclear weapons 
Huntington Ingalls Industries IncInvolvement in nuclear weapons 
Jacobs Engineering Group IncInvolvement in nuclear weapons 
Leonardo SpA (former known as Finmeccania SpA)Involvement in nuclear weapons 
Northrop Grumman Corp Involvement in nuclear weapons 
Premier Explosives LtdInvolvement in nuclear weapons 
Rolls-Royce Holdings PLCInvolvement in nuclear weapons 
Safran SAInvolvement in nuclear weapons 
Thales SAInvolvement in nuclear weapons 
United Technologies CorpInvolvement in nuclear weapons 
Walchandnagar Industries Ltd Involvement in nuclear weapons 
AECOMMaintenance of nuclear weapons 
Aerojet Rocketdyne Holdings IncMaintenance of nuclear weapons
Booz Allen Hamilton Holding CorpMaintenance of nuclear weapons
CACI International IncMaintenance of nuclear weapons
Cohort PLC

Maintenance of nuclear weapons 

Engility Holdings Inc

Maintenance of nuclear weapons

Fluor Corp 

Maintenance of nuclear weapons

Harris Corp 

Maintenance of nuclear weapons

Honeywell International Inc

Maintenance of nuclear weapons

L3 Technologies Inc 

Maintenance of nuclear weapons

Leidos Holdings Inc

Maintenance of nuclear weapons

Moog Inc

Maintenance of nuclear weapons

Raytheon Co

Maintenance of nuclear weapons

Serco Group PLC

Maintenance of nuclear weapons

Ultra Electronics Holdings PLC

Maintenance of nuclear weapons

Energy Transfer Equity LP 

Norms violation indigenous peoples rights 

Energy Transfer Partners LP

Norms violation indigenous peoples rights

Phillips 66

Norms violation indigenous peoples rights

Sunoco Logistic Partners LP

Norms violation indigenous peoples rights

Exxaro Resources Ltd 

Production of coal

Murray Energy Corp

Production of coal 

Incitec Pivot Ltd

Violation of human rights related norms 

Potash Corp of Saskatchewan Inc 

Violation of human rights related norms 

Cemex SAB de CV

Violation of human rights related norms & extraction of non-renewable resources from occupied territory