Products and Sectors
Negative screening and exclusion of companies involved in thermal mining with 75% of revenues derived from sales of coal products, illegal weapons such as cluster munitions or companies involved in the development or production phase of nuclear weapon programmes are excluded from all funds. Further, several of Nordeas funds and mandates apply addition screening filters and exclude companies that have more than 5% of their revenues from tobacco, alcohol, gambling, pornography or other military equipment.
Nordea excludes companies violating international norms on human rights, labour rights, corruption and the environment if an engagement engagement does not lead to progress, or the company is unwilling to change. This is then done for all Nordeas funds (internally managed and WL). Further, several of Nordeas funds and mandates apply a norm exclusion screening filter rather than the engagement strategy for all other funds. This means that the fund will exclude all companies that can be identified to violate international norms instead of initiating engagement.