All funds are screened quarterly against norms breaches. The Nykredit exclusion list, which consists of companies in breach with conventions on weapons as well as breaches og Global Compact principles, which engagement has not been able to change, also applies.
Two fund, a HY and an IG, also excludes fossil fuels and controversial companies i.e. alcohol, tobacco and breaches of international norms.
Nykredit will engage which any company in a portfolio that breaches a norm.
Nykredit has set up systems that block any issuance from the excluded companies. The negative screening list are up dated weekly. The system is set up identifying the issuer and so also excluding new issuance. Benchmarks are also screened as a precautionary measure.
SSA is also screened quarterly and the exclusion list is revisited ongoing and at least evaluated biannually.