Investment exclusions

We offer funds with different kind of investment exclusions applied. We have funds that, for example, exclude companies assessed to have a severely negative impact on the climate. We also offer funds that have investment restrictions covering the areas of coal, tar sand, controversial weapons tobacco, and violation of international norms. A number of our funds also include additional restrictions. 

You can get an overview of the fund exclusions here.

You can also see which exclusions apply to a specific fund, and access a list of excluded companies on each fund’s individual page.

The exclusions have different thresholds - you can get an overview of the thresholds here.

Coal, tar sands and peat

Thermal coal, tar sands and peat are some of the most CO2-emitting forms of energy, and they contribute significantly to climate change. Because of this, we offer funds that do not invest your money in companies that derive 5% or more of their revenue from activities linked to thermal coal, extraction of oil from tar sands or peat-fired power generation.

Controversial weapons

We offer funds that do not invest your money in companies that are directly or indirectly involved with controversial weapons. Controversial weapons are weapons that are prohibited by international law. Cluster bombs, anti-personnel mines, biological weapons and chemical weapons are all classified as controversial weapons. 

Tobacco

We also offer funds that do not invest your money in companies that derive 5% or more of their revenue from growing, processing or producing tobacco products. This includes products that are wholly or partly based on leaf tobacco as well as so-called next-generation tobacco products such as electronic cigarettes and snus/nicotine pouches.

Enhanced sustainability standards

We offer funds that do not invest your money in a wide range of companies that exhibit harmful behaviour or are involved in problematic activities. These companies violate norms and standards such as the principles of the UN Global Compact or do not adhere to human rights or environmental- and climate-related conventions. For example, these funds do not invest in companies that contribute to water pollution and climate change, damage biodiversity, violate human rights or are involved in corruption or arms trading. 

Overview of exclusions in Danske Invest

Our funds may have a range of different exclusions.

Here you can find a complete overview
 






Analysing a company’s corporate social responsibility (CSR)

At Danske Invest, we screen your investments on an ongoing basis, which provides our portfolio managers with increased knowledge of how companies address ESG-related issues. Among other things, we analyse whether companies meet international social responsibility norms in relation to human rights or environmental and climate considerations. Screening helps us to identify companies that contribute to climate change, exhibit harmful environmental behaviour or have inadequate labour or human rights practices.
 
If companies face challenges in meeting their social responsibility, we can put additional pressure on them to correct the problems. If we do not believe that this type of company can improve sufficiently, we can also choose to divest the company and place it on our Investment Restrictions list.

Read more about our investment screening process