We avoid egregious violators of international norms and avoid companies that have a history of knowingly using forced labor, child labor, or sweatshops and a history of discriminating illegally against their employees. These criteria apply to a company’s suppliers as well as to its contractors. Further, we avoid companies that have a history of significantly and directly supporting human rights abuses. We also seek companies that respect the International Labour Organization's (ILO) standards related to freedom of association and the right to bargain collectively.
We have an absolute exclusion of investing in companies that manufacture biological, chemical, or nuclear weapons, anti-personnel landmines, or cluster munitions.
We use the UN Guiding Principles on Business and Human Rights as an engagement tool with our portfolio companies as well as industry groups to underscore the importance of transparency and improved disclosure to investors and internal systems to manage human rights risks.