Responsible Investment Universe
The definition of our investment universe is the corner stone in building our funds.
Through a series of strict criteria, we filter those companies that we include or exclude.
The following list is an excerpt of the changes.
Included January/February 2014
Adidas AG (sector: apparel, accessories & luxury goods) is one of the world’s largest producers of sporting goods.
The range of products includes a vast array of shoes, apparel as well as sports and lifestyle accessories.
Exclusion criterion “infringement with employment rights” has lapsed
Use of harmful substances in production and products is closely monitored
Expansion of life cycle analysis in product development
Frequent accusations with respect to working conditions among suppliers in South East Asia
Bell Aliant Inc (sector: integrated telecommunication services) providers of regional telecommunication
services such as telephony, internet access, and added-value services in North America
High ratio of women in managerial positions
Comprehensive product specifications with regard to reusability and recycling of telecommunication equipment
Comprehensive protection guidelines and measures to ensure data security of customers
Reduction of greenhouse emissions by 50% by the year 2020 (relative to 2007) is aimed at; however,
information on the measures taken to achieve that goal and on the monitoring process do not suffice
42% women
Actions speak louder than words – and so do numbers:
42 per cent of the Canadian communications company Bell Aliant’s managers and 30 per cent of its directors
and board members are women. Their percentage of
the entire workforce amounts to 37 per cent.
Bell Aliant 2012 Corporate-Responsibility Report
Excluded January/February 2014
Koninklijke Philips N.V. (sector: industrial conglomerates) is one of the largest technology companies in the world.
The group is a market leader in medical engineering, energy-efficient light solutions, and lighting applications.
Infringement with the exclusion criterion of “controversial business practices“: accusations of paying
bribes in Poland and engaging in price-fixing in Taiwan
Scarce information about waste water management
Frequent accusations of infringement with employment rights and environmental standards among the
company’s suppliers in the past
Extensive strategy to cut energy consumption in its range of products
