We engage with our investments according to our investment criteria regarding the climate and environment, human rights and anti-corruption. Our goal is not primarely to reject companies to invest in, but rather to encourage as many as possible to improve at taking responsibility. However, if we see no possibility to contribute to a change we do exclude. This is why we have several exclusion criteria.
We exclude tobacco and illegal arms such as cluster weapons, anti-personnel mines and nuclear weapons. From 2015 we neither invest in companies with more than 30 percent of their returns from coal. Last year we introduced a new criteria regarding oil sands where we exclude companies with 10 percent of their returns from oil sands. Our boards also made the decision to exclude commercial gambling. All companies within Folksam apply these criteria, with two exceptions. The companies within KPA Pension have even tougher exclusion criteria and therefore do not invest in the alcohol industry or the arms industry.For Folksam General, whose car, home and holiday home insurance products are Good Environmental Choice certified, investments in coalfired generators, nuclear power and uranium are excluded in addition to arms and alcohol.
Since 1st January 2017, our investment criteria cover all our asset classes, ie listed companies, fixed income, alternative investments and real estate.