Responsible investment: exclusionary screening
Exclusion principles
The exclusionary screening entails the exclusion of certain companies from a portfolio due to activities or practices that contravene regulations, specific standards or certain values deemed incompatible with our sustainable investment strategy.
Exclusionary screening is applied to regional equity funds, bond funds, thematic certificates, and all direct investment recommendations issued by the Bank.
The specified revenue thresholds mentioned in the following table are considered per activity and are not subject to aggregation across activities.
Exclusions applied by Piguet Gallland
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Description |
Criteria |
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Controversial weapons |
Companies involved in the production or distribution of anti-personnel mines, cluster munitions, chemical and biological weapons, depleted uranium ammunitions, nuclear weapons as defined by UN conventions. |
Strict exclusions of companies with any level of exposure to controversial weapons (more than 0% of their revenue). |
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Coal |
Companies deriving a portion of their revenue from coal mining, metallurgical coal, thermal coal mining, open-pit mining of bituminous coal and lignite, underground mining of bituminous coal, and those with excessive energy production from thermal coal. |
Exclusion of companies generating 5% or more of their revenue from these activities. |
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Tobacco |
Companies deriving a portion of their revenue from tobacco, tobacco cultivation, tobacco leaves, the manufacture of tobacco products (cigars, cigarettes, smokeless tobacco), and wholesale of tobacco products. |
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Gambling |
Companies deriving a portion of their |
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Palm oil |
Companies deriving a portion of their revenue from palm oil cultivation and palm oil processing. |
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Oil sands |
Companies deriving a portion of their revenue from oil sands exploitation. |
Download here the Piguet Galland exclusion principles