Exclusion as the last resort
Excluding a company from our fund portfolio is always the 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 to a good investment either for investors or society at large.
In February 2017 Nordea Asset Management decided to extend the scope of the policy for Responsible Investment to not only cover companies involved in the development and production of nuclear weapons, but also those involved in the maintenance phase. As a result another 16 companies were excluded.
In September 2017 Nordea Asset Management lowered the coal threshold to 30%. This means that another 45 companies were placed on the exclusion list associated with coal mining.
All actively managed funds are subject to annual norm-based screening which identifies companies that are allegedly involved in breaches of international law and norms on environmental protection, human rights, labour standards and anti-corruption. If a company is identified in this screening process, we will initiate an internal assessment of the company and the incident. The screening also identifies companies that are subject to exclusion based on our exclusion criteria.
The list was last updated in August 2019.
Read the Exclusion list (pdf, 500 KB).