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Exclusion
Vedanta Wal-Mart and Freeport most excluded companies in European investor sample: Novethic
15 most blacklisted companies listed by large investors.
January 2012
Siemens faces investor call at Jan 24 AGM to quit US Chamber of Commerce over bribery issue
German company faces ‘reputation risk’ say investors as DoJ reviews Foreign Corrupt Practices Act.
January 2012
RI Governance & Engagement, Jan. 12: CalSTRS votes against entire Aberdeen AM board
RI’s regular review of governance and engagement developments
January 2012
FREE Dutch pension giant excludes Wal-Mart and PetroChina
Divestments over non-compliance with Global Compact
January 2012
FREE €9bn Church investors to exclude high interest-rate lenders
Ethical advisory group “not prepared to sanction” investment
December 2011
Investors should examine their exposure to companies linked to Western Sahara
Investors have responsibilities to ensure that they don’t sustain or aggravate conflict
December 2011
FREE Norwegian Finance Ministry puts France’s Alstom on watch over corruption
FMC Corp. and Potash Corp. excluded over Western Sahara operations
December 2011
FREE New Zealand Super Fund rejects media criticism of Grasberg mine investments
Investor says engagement is working at world’s largest gold mine
November 2011
AEGON makes major new RI statement for €413bn group assets
Insurer to make third party managers RI compliant.
November 2011
Alberta fund dumps millions in tobacco stocks ahead of proposed lawsuit
Decision on legal action expected shortly as fund sells off holdings.
October 2011
UK banking giant RBS cuts links to cluster bomb clients
Chief executive sends email response to campaigners
September 2011
New Zealand Green Party continues attacks on ethical policy of NZ$19.2bn sovereign Super Fund
Fund accused of potential breach of government cluster bomb treaty commitment.
August 2011
FREE NZ Super Fund facing questions over stake in tobacco-linked Chinese conglomerate
Holding revealed by Finance Minister contravenes tobacco investment policy
August 2011
Swiss pension investor Ethos excludes commodities giant Glencore from its portfolios
Allegations include so-called ‘transfer pricing’ of tax receipts out of Africa.
July 2011
UK’s £5bn church asset chief expects top News Corp. executives to be tried in court
Media giant “not a place where shareholders come first” says Church Commissioners’ Whittam Smith
July 2011
Norwegian govt fund embroiled in Indonesia illegal logging allegations
Investor facing scrutiny from NGO
June 2011
Norway’s KLP excludes three new companies over tobacco and environmental damage
Influential responsible investor now blacklists 63 firms
June 2011
Japan nuclear crisis firm TEPCO removed from sustainability indices
Deleted over environmental management and health & safety failings
May 2011
Australian Future Fund divests from defence companies
Exclusions amid treaty ratification and increased ESG focus
May 2011
Co-op invests in West Bank-linked Veolia and Alstom despite misgivings
Investor takes “pragmatic” view of companies’ operations
April 2011
Swedish AP funds call for Motorola to withdraw from West Bank
AP funds’ Ethical Council also in dialogue with France’s Veolia and Alstom
April 2011
RI Governance & Engagement, April 15: Shell holds briefing for SRI investors
RI’s regular review of governance and engagement news
April 2011
UK’s NEST awards ethical mandate to F&C Asset Management
New workplace scheme to screen human rights, environment and corporate governance
April 2011
€5trn investor group presses global top 500 companies on greenhouse gases
Change in empahsis by Carbon Disclosure Project
April 2011
Norwegian Government Fund excludes Chinese conglomerate over tobacco
US industrial group L-3 Communications readmitted
March 2011
Backdrop to an investor campaign to regulate deadly arms trade
Major hurdles remain to clear before international agreement can be reached.
February 2011
Investors and NGOs aim for biggest ever signatory campaign to back global arms trade treaty
Initiative ahead of UN discussions to kick off next month.
February 2011
Norwegian Global Fund excludes Malaysian logging firm
Giant fund now excludes a total of 51 companies
February 2011
Swiss pension fund issues bond mandate excluding arms, tobacco
CHF100m mandate also targets revenues from gambling, nuclear energy and genetically modified organisms
February 2011
Boston Common divests Cisco Systems over human rights
Investor also expresses concerns over proxy voting
January 2011
Canada’s Northwest & Ethical divests from Vedanta
Ethical investor becomes the latest institution to exit mining firm
January 2011
Dutch MP calls for annual ‘name-and-shame’ after TV doc reveals controversial charity investments
Furore recalls Zembla pension fund exposé of 2007
December 2010
NGO condemns Norwegian pension fund’s oil & gas investments in Burma
EarthRights International says fund has $4.7bn tied up in repressive regime
December 2010
Norway’s KLP puts BP on watch list over Deepwater oil spill
Influential responsible investor initiates dialogue with oil giant
December 2010
UK corporate governance leader Railpen signs up to UNPRI
€20bn railway fund the latest asset owner to sign up
November 2010
CalPERS shifts $500m into internally-run environmental index strategy
Fund changes tack from exclusion of big polluters via external mandates
November 2010
CalPERS in radical rethink of company engagement
Giant fund to relegate governance from initial screening process
November 2010
Norwegian Govt Fund under fire over ‘reprehensible’ external managers’ performance fees
Finance ministry rejects watchdog’s criticism that fees should have been capped.
November 2010
Dutch pension fund PNO excludes Wal-Mart over labour standards
US retailer blacklisted by €3bn industry-wide scheme
October 2010
Shell to review Dow Jones Sustainability Index as bonus metric after being dumped from benchmark
Response to “subjective” decision by Dow Jones/SAM
October 2010
RI Briefing, October 15: ACSI, US SIF, Toyota, UBS, Triodos, MSCI, Ceres, IFC, Novethic
RI’s regular round-up of responsible investing news
October 2010
Hungary toxic spill is symptomatic of poor safety in the extractives sector
Investors and corporate peers need to push laggards towards best practice.
October 2010
India Inc.’s increasing presence on the Burma “Dirty List”
The recent visit of the Burmese senior general to India underpins a growing corporate relationship.
August 2010
Norwegian government fund excludes Israel construction firm
Giant fund the latest to exit Africa Israel Investments
August 2010
APG sends warning to mining firm Vedanta on ESG issues
Giant pensions manager abstains at AGM vote over ESG concerns.
July 2010
APG details 19 exclusions; plans ESG by asset class
Dutch giant releases Responsible Investing Report
July 2010
France’s FRR reaches 85% integration for ESG research on investment
Assets run via an SRI process reach 13% as fund recovers on performance.
June 2010
Exclusion doesn’t equal underperformance
The KLP fund shows good performance of indexed responsible investments
June 2010
RI Briefing, June 9: Nordea, HESTA, NAPF, Network for Sustainable Financial Markets
RI’s regular round-up of the most important responsible investment news
June 2010
Norway’s KLP excludes two over Western Sahara minerals
Phosphate imports targeted by €32.5bn insurer
June 2010
Storebrand Bank names acting CEO, excludes 90 firms
Management change at Norwegian insurance and asset management group
May 2010
PGGM excludes US and French companies over nuclear weapons and cluster bombs links
Dutch pension giant now excludes 33 firms in total.
April 2010
Swedish govt funds join Norway in ban of Israel’s Elbit Systems over West Bank barrier
Funds follow advice of Ethical Council in potentially controversial sell-off.
March 2010
Swiss pension funds face cluster bomb investment ban
Parliamentary bills look to ratify Oslo Convention.
March 2010
Giant Norway fund relaxes controversial exclusion policy
Norges Bank to favour initial lobbying engagement where possible.
March 2010
Church of England funds sell millions in Vedanta shares boycott
Blacklisting follows failed engagement on human rights concerns.
February 2010
Norwegian fund sells off euro1.8bn in tobacco shares after government ban
Ministry of finance approves tobacco manufacturer exclusion.
January 2010
TIAA-CREF sells PetroChina and Sudan-linked companies in Darfur protest
US pension fund furthers dialogue with Malaysia’s Petronas.
January 2010
Dutch pension funds facing total cluster bomb ban after MPs vote
Lower chamber passes vote to outlaw investments in related companies.
December 2009
Sweden’s AP funds shift Grupo Ferrovial, PetroChina and Thales on international convention breaches
Corporate engagements ongoing with Wal-Mart, Toyota and Freeport-McMoRan
May 2009