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

 

3M Co (sector: industrial conglomerates)

is a global multi-technology company mainly known for its adhesive products, abrasives, foils, patches, and its connec-

ting components for copper and optical fibre networks. They are used in the consumer, electronics, energy, medicine, healthcare, industrial, security, adverti-

sing, and design sectors.

 

​ Use of life cycle analyses to ensure a

sustainable range of products

​ Extensive measures taken to reduce

the waste caused by production and hazardous air pollutants

​  Exclusion criterion “infringement with

employment rights” has lapsed

​  Significant reduction of CO2 emissions

in the past few years; however, some competitors have been even more ambitious

 

Total SA (sector: integrated oil and gas)

is one of the largest European mineral oil companies. The group’s activities cover

the entire spectrum of the oil industry, i.e. exploration, production, refining, and sale of oil and special chemicals products

 

​ Operation of extremely energy-

efficient refineries

​ Exclusive use of double-hull tankers

​ Extensive activities in the area of

renewable forms of energy, e.g.

largest shareholder of SunPower

Corp, and comprehensive R&D measures in biomas

​ EAM rates the company’s shalegas

activities negative

 

​2nd Generation The project BioTfuel exemplifies the oil company Total’s reliance on second-generation biofuels. The plan is to produce 200,000 tonnes of fuel from 1,000,000 tonnes of cellulose biomass (such as wood waste and straw) until 2020. In contrast to first-generation biofuels, which are produced from vegetable oils and sugar, the second generation is based on raw materials that are not suitable for consumption.

 

​  Excluded

 

Hennes & Mauritz AB (sector: apparel retail)  is among the world’s best-known textile retailers. The H&M group sells fashion, accessories, and shoes  for men, women, and children under its own brand in a network of stores.

 

​ Violation of the exclusion criterion

“infringement with working rights” in connection with accusations made against a supplier from Bangladesh concerning interference with trade unions

​ Weak corporate governance

assessment in the areas of share-holder rights and due to the non-existence of a remuneration

committee

​ Initial, rudimentary efforts to increase

the use of more environmentally friendly materials

​ Comprehensive business strategy

with regard to fur, leather, and animal welfare