KLPs guidelines for responsible investments screening criteria:
ESG performance: human rights, labour rights, environment, corruption, business ethics
Product: Weapons that violate basic humanitarian principles, more than 5 percent of their revenues from coal- or oil sand-based activities (oil sand extraction, coal mining or coal-based power generation), produce more than 10,000 megawatts (MW) of energy from coal power, or extract more than 20 million tons of coal annually.
Sector: Tobacco, alcohol, gambling services or pornography
The Nordic Ecolabelling applies additionally criteria on screening out all fossil fuels and weapons.