Company dialogues per topic
(more than one topic may be raised in one meeting)
Topic |
No. dialogues |
Climate change/greenhouse gas emissions
|
53 |
Water and oceans |
22 |
Biodiversity and deforestation |
30 |
Other environmental issues
|
24 |
Human rights, children's rights, labour rights, local communities/indigenous rights
|
116
|
Other social issues
|
15 |
Board structure and independence
|
6 |
Remuneration
|
8 |
Other governance issues (incl. tax and corruption)
|
35 |
|
|
Total |
309 |
Excluded companies (Last updated: 19.03.2024)
Companies breaching DNB's ethical investment guidelines which show no willingness to rectify the situation may be excluded from the investment universe (updated when changes).
Breach of criterion |
Companies |
Environment/Human rights |
Elsewedy Electric Co Evergreen Marine Corp. (Taiwan) Ltd. Korea Line Corporation Vale SA |
Cluster weapons |
Poongsan Corp Poongsan Holdings Corp Textron Inc. |
Nuclear weapons |
Aerojet Rocketdyne Holdings Inc. (previous GenCorp) Airbus Group SE (previous EADS) --Bonds in Airbus Group Finance BV BAE Systems Plc Boeing Co. BWX Technologies Inc. Fluor Corp General Dynamics Corporation Honeywell International Inc. Huntington Ingalls Industries Inc. Jacobs Engineering Group Inc. Leidos Holdings Inc. Leonardo SpA Lockheed Martin Corp Northrop Grumman Corp. (inclusive Northrop Grumman Innovation Systems Inc. - Previously Orbital ATK Inc./Alliant Techsystems Inc.) Raytheon Technologies Corp. Safran SA Thales SA
|
Environment |
Astra International Tbk Pt Barrick Gold Corporation Beijing Tong Ren Tang Chinese Med Co Ltd Bharat Heavy Electricals Ltd China Traditional Chinese Medicine Holdings Co Ltd Duke Energy Corp --Bonds in Duke Energy Carolinas LLC --Bonds in Duke Energy Progress LLC Freeport-McMoRan Inc. Genting Bhd Genting Plantations Bhd Grand Pharmaceutical Group Co Ltd Halcyon Agri Corp Ltd IJM Plantations Bhd. Jardine Cycle & Carriage Ltd Jardine Matheson Holdings Ltd MMC Norilsk Nickel PJSC POSCO Posco International Corp. Power Construction Corporation of China (Power China) Progress Energy Inc. Samling Global Ltd. (delisted) Ta Ann Holdings Bhd Tong Ren Tang Technologies Co Ltd Vedanta Ltd. (previous Sesa Sterlite) Vedanta Resources Plc Volcan Compania Minera WTK Holdings Bhd Yunnan Baiyao Group Co Ltd Zijin Mining Group |
Human rights/labour rights
|
Ashtrom Group Ltd AVIChina Industry & Technology Co Ltd Bharat Electronics Ltd Centrais Electricas Brasileira S.A. (delisted) Cognyte Software Ltd Danya Cebus Ltd Delek Group Elbit Systems Ltd Elco Ltd Electra Ltd Formosa Chemicals & Fibre Corp. Formosa Taffeta Co Ltd Gail India Ltd Hangzhou Hikvision Digital Technology Co. Ltd. Honeys Holdings Co. Ltd. Korea Gas Corporation Li Ning Co Ltd Luthai Textile Co. Ltd Mivne Real Estate KD Ltd NewMed Energy LP Office Cherifien des Phosphates SA (OCP SA) (delisted) Oil & Natural Gas Corp Ltd Page Industries Ltd. PPT PCL PTT Oil and Retail Business PCL PTT Exploration and Production PCL Shapir Engineering and Industry Ltd. Shikun and Binui Ltd. Zuari Agro Chemicals Ltd.
|
Corruption |
JBS S.A. PetroChina Co Ltd. ZTE Corp
|
Pornography |
Plby Group Inc (including Playboy Enterprises Inc. (delisted))
|
Tobacco |
Altria Group Inc. British American Tobacco Plc (including Reynolds American Inc) British American Tobacco Malaysia Bhd Eastern Co SAE Godfrey Phillips India Ltd Gudang Garam Tbk PT Hanjaya Mandala Sampoerna Tbk PT Huabao International Holdings Ltd. Imperial Brands Plc. ITC Ltd. Japan Tobacco Inc. KT&G Corp LT Group Inc. Philip Morris International Inc. Philip Morris CR AS Pyxus International Inc. Reinet Investments SCA
Scandinavian Tobacco Group AS
Scandinavian Tobacco Group AS Schweitzer Maudit International Inc. Shanghai Industrial Holdings Ltd. Swedish Match AB Turning Point Brands Inc Universal Corp/VA Vector Group Ltd. |
Coal |
Aboitiz Equity Ventures Inc. Aboitiz Power Corp AES Corp/VA AES Gener SA Adani Power AGL Energy Limited ALLETE Inc Alliant Energy Corp Ameren Corp --Bonds in Union Electric co American Electric Power Co Inc --Bonds in Appalachian Power Co --Bonds in Indiana Michigan Power Co Banpu Public Company Limited Capital Power Corp CEZ AS CESC Ltd China Coal Energy Co Ltd China Power International Development Ltd China Resources Power Holdings Co Ltd China Shenhua Energy Co Ltd Chugoku Electric Power Co Inc/The Clp Holdings Ltd Coal India Ltd CONSOL Energy Inc Datang International Power Generation Co Ltd DMCI Holdings Inc DTE Energy Co Engie Energia Chile SA Electricity Generating PCL Electric Power Development Co Ltd Emera Inc Evergy Inc. Eneva SA Exxaro Resources Ltd FirstEnergy Corp GD Power Development Co Ltd Glencore Plc Great River Energy (delisted) Guangdong Electric Power Development Co Ltd Gujarat Mineral Development Corp Ltd Gulf Power Company HK Electric Investments & HK Electric Investments Hokkaido Electric Power Co Inc Hokuriku Electric Power Co Huadian Energy Co Ltd Huadian Power International Corp Ltd Huaneng Power International Inc IDACORP Inc Inner Mongolia Dian Tou Energy Corp Ltd Inner Mongolia Mengdian Huaneng Thermal Power Corporation Limited Inner Mongolia Yitai Coal Co Ltd Jastrzebska Spolka Weglowa SA Jizhong Energy Resources Co Ltd Korea Electric Power Corp Lubelski Wegiel Bogdanka SA Malakoff Corp Bhd MGE Energy Inc New Hope Corp Ltd NRG Energy Inc NTPC Ltd Okinawa Electric Power Co Inc/The Otter Tail Corp PacifiCorp Peabody Energy Corp Pingdingshan Tianan Coal Mining Co Ltd PGE Polska Grupa Energetyczna SA PNM Resources Inc --Bonds in Public Service Co of New Mexico PPL Corp Public Power Corp SA PT Adaro Energy Tbk Pt Bukit Asam Tbk PT Perusahaan Listrik Negara (delisted) Pt United Tractors Tbk Reliance Infrastructure Ltd Reliance Power Ltd RWE AG Sasol limited SDIC Power Holdings Co Ltd Shan Xi Hua Yang New Energy Co Ltd Shaanxi Coal Industry Company Limited Shanghai Electric Power Company Ltd Shanxi Lu'an Environmental Energy Development Company Ltd Shenzhen Energy Group Co. Ltd Shikoku Electric Power Co Inc Tata Power Co Ltd Tenaga Nasional Bhd Thungela Resources Limited Tucson Electric Power TransAlta Corp Tri-State Generation and Transmission Association Inc. WEC Energy Group Inc --Bonds in Wisconsin Electric Power Co
Wintime Energy Co. Ltd
Whitehaven Coal Ltd
Washington H Soul Pattinson and Company Ltd Xcel Energy Inc --Bonds in Northern States Power Co MN --Bonds in Public Service Co of Colorado --Bonds in Southwestern Public Service Co Yankuang Energy Group Co Ltd
Zhejiang Zheneng Electric Power Co. Ltd
Shanxi Coal International Energy Group Co Ltd
Petrindo Jaya Kreasi Tbk PT
|
Oil sands/unacceptable GHG emissions |
Athabasca Oil Corp Canadian Natural Resources Ltd. Cenovus Energy Inc. Imperial Oil Ltd. (delisted) MEG Energy Corp Strathcona Resources Ltd. Suncor Energy Inc. |
Cannabis |
Aurora Cannabis Canopy Growth Cronos Group Tilray Brands |