In addition to complying to Dutch law, we apply certain international treaties to our investment policy, as we want to provide pensions on a sustainable way. We exclude companies that are directly involved in the development, production and/or maintenance of products and/or services that are not compliant with following treaties and criteria.
• Anti-personnel mines: definitions as defined in Ottawa convention
• Cluster weapons: definitions as defined in Convention on Cluster munitions
• Chemical and Biological weapons: definitions as defined in Chemical Weapons Conventions and Biological and Toxin weapons Convention.
• Nuclear weapons: we only considers companies involved in nuclear weapons in case activities are carried out in, or for countries that are not allowed to develop or produce such weapons based on the Non Proliferation Treaty.
• White Phosphorus: for military use.
Besides the above mentioned exclusion of controversial weapons, we exclude companies when they are directly involved in the development, production or maintenance of products and/or services that are non-compliant with international treaties signed by the Dutch government. This applies for the following treaties:
• The Montreal Protocol (protection of the ozon layer)
• CITES (aim is to ensure that international trade in specimens of wild animals and plants do not threaten their survival).
• Social Practices: violation of human rights and labor standards
• Failure to meet Governance standards: Limited disclosure, transparency (EM Corporates)
Next to these criteria, tobacco and tar sand companies are excluded.