Recommended Exclusions

On this page we list all companies (with a link to a shorter explanation) that the Council on Ethics have recommended the four AP Funds to exclude from their investments. In all cases the four funds have followed the recommendations.

Aurora CannabisCanadaCannabis2018
Canopy GrowthCanadaCannabis2018
China Spacesat Co LtdChinaAerospace and defence2020
Cronos Group IncCanadaCannabis2019
ElbitIsraelAerospace and defence2010
Freeport McMoRanUSAMetal and mining2013
HEXO CorpCanadaCannabis2019
Incitec PivotAustraliaChemistry2013
Larsen & ToubroIndiaIndustrial2015
Motorola SolutionsUSATelecom2015
Poongsan CorpSouth KoreaGruv och metall2008
Tilray BrandsCanadaCannabis2018
Vale S.A.BrazilMetal and mining2019
Walmart Inc. (incl. listed subsidiaries)USAFood and Consumer Staples2013
Zijin MiningChinaMetal and mining2016

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