Companies that have been recommended for exclusion

Below is a list of the companies recommended by the Ethical Council for exclusion by the Fund in question. The recommendation for exclusion also applies to listed subsidiaries.

The Ethical Council has the annual routine of urging these excluded companies to act in compliance with the international conventions.

Company

Country

Sector

Recommended for exclusion

Agrium

Canada

Chemicals

2014

Elbit Systems Ltd

Israel

Aerospace and defence

2010

Freeport McMoRan Copper & Gold Inc

United States

Metals and mining

2013

Hanwha Corporation

South Korea

Chemicals

2008

Incitec Pivot Ltd

Australia

Chemicals

2013

Innophos Holdings

United States

Chemicals

2010

L-3 Technologies Inc

United States

Aerospace and defence

2008

Larsen & Toubro

India

Industrial

2015

Motorola Solutions

United States

Telecom

2015

Orbital

United States

Aerospace and defence

2008

Poongsan Corporation

South Korea

Metals and mining

2008

Potash Corp

Canada

Chemicals

2013

Textron Inc

United States

Aerospace and defence

2008

Walmart Stores Inc

United States

Food and staples retailing

2013

Zijin Mining

China

Metals and mining

2016