A) Exclusions applied across all assets:
-Controversial weapons: Since 2008, AXA IM excludes from all its investments, based on the treaty of OttawaLandmines and the treaty of Oslo, those companies involved in the production of anti-personnel landmines as well as cluster bombs. Since 2011, this exclusion has been extended to include biological and depleted uranium weapons.
-Palm Oil: In 2014, AXA IM decided to implement a policy for investments related to palm oil production and made the decision to not invest in food commodity derivatives.
-Coal: In 2016, AXA IM Management Board has decided to divest the biggest exposure on coal power generation and coal mining companies.
B) Our ESG standards exclusions applied to RI/ESG integrated assets:
As a result of these ESG standards, the following sectors and areas are excluded
• Coal and tar sands producers
• Severe breaches of United Nations Global Compact (UNGC) principles
• Low ESG quality companies
C) In addition we do not invest in a selection of countries for compliance reasons, in order to respect international embargo decisions.
D) Finally, AXA IM provides its clients with the possibility of applying additional screening based on their own convictions.