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.
Admitted December 2014 to March 2015
Sappi Ltd (sector: Paper Products) is among the world’s leading producers of cellulose and coated papers
that are used as basis for the production of viscose rayon for the textile industry, pharmaceuticals, consumer
goods, forms, and packaging.
Ratification of UN Global Impact in 2008*
All Sappi Forests in South Africa fully FSC-certified
70% of the cellulose bought from external sources is certified according to FSC or PEFC
Almost all production facilities are certified for their environmental, quality, as well as health and
safety management system in accordance with ISO or OHSAS
Lack of information with regard to adequate measures taken to avoid hardships after redundancy waves
The WhiteWave Foods Co (sector: Packaged Foods & Meats) produces and sells plant-based food and beverages,
milk, and produce from organic farming. Among the best-known brands in Europe are Alpro and Provamel.
Products from organic farming account for a large percentage of sales
Measures aimed at the measuring and reducing CO2 emissions across the entire production process by
introducing life cycle analyses for some products
Increased water efficiency in the production process, strategy for further cuts announced
Low level of effort concerning production safety and quality
No information with regard to the use of a health and safety management system
* Global pact signed by companies and the United Nations in order to absorb the effects of globalisation
> 1,835,924,715 l
Based on dairy, soy and nuts, WhiteWaveís product
portfolio heavily draws on water. In order to improve
its ecological footprint, the company focuses on water
recycling. In the US, the WhiteWave-brand Silk balances
its entire water consumption by the means of certi-
ficates. This investment helps to preserve the Colorado
river. Thanks to WhiteWaveís initiative, more than
1.835.924.715 litres of water have been pumped into
dewatered ecosystems.
Excluded December 2014 to March 2015
Petroleo Brasileiro S.A. (sector: Integrated Oil & Gas) is a globally operating, integrated oil and gas company.
The business areas include the entire value chain from exploration to production, refining, and petrochemicals.
Infringement with the exclusion criterion of corruption according to the investigation of the Brazilian and
the US authorities with respect to kickback payments and accusations of money laundering
High risk of work-related accidents job especially in exploration and production; repeated reports of fatalities
High risk of environmental damage in spite of comprehensive strategy against such damage in
exploration, production, and transportation
Energy from wind power, hydropower and and bio-fuels
(Alexander Osojnik)
