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Cluster Munitions and Landmines Investment Policy

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Cluster Munitions and Landmines Investment Policy CLUSTER MUNITIONS AND LANDMINES INVESTMENT POLICY INSIGHT DOES NOT INVEST IN COMPANIES INVOLVED WITH THE PRODUCTION, SALE OR MAINTENANCE OF CLUSTER MUNITIONS OR LANDMINES. WHAT ARE CLUSTER MUNITIONS This policy: AND LANDMINES? • Applies across all asset classes • Excludes affiliated companies: that is, companies with Cluster munitions are weapons that contain multiple explosive affiliations or commercial relationships with screened submunitions. Cluster munitions typically open in mid-air and companies will not be excluded from investments release submunitions that can cover a wide area, causing widespread and indiscriminate harm and damage. While • Does not apply to passive holdings in index-tracking submunitions generally explode in the air or on impact, any instruments that do not explode can present a danger to civilians long after POLICY IMPLEMENTATION the weapon has been fired. The cluster munition and landmine exclusion list is based on Landmines are devices placed on or just under the ground, information provided by third-party sources. Our principal data designed to explode when a person is nearby or steps on source is an NGO, Cluster Munition Coalition (CMC), and its the device. They can pose a threat for many years after they affiliated national bodies. One affiliate, Netherlands-based PAX, are placed. produces an annual update of worldwide investments in cluster HOW ARE CLUSTER MUNITIONS AND LANDMINES munitions. The first report was published in 2009, with subsequent TREATED IN INTERNATIONAL LAW? editions in 2010, 2011, 2012, 2013 and 2014. The PAX report identifies companies that produce cluster munitions and engages There are two major international conventions that address with them to corroborate their findings. cluster munitions and landmines specifically. Insight layers the CMC research with a review of additional data • The Convention on Cluster Munitions (2008): This Convention sources, including Bloomberg, Internet searches and research into restricts the manufacture, use, and stockpiling of cluster environmental, social and governance (ESG) factors. Each data munitions and the components of these weapons source is assessed according to their credibility, timeliness and • The Convention on the Prohibition of the Use, Stockpiling, research process. Our in-house exclusion list can take account of Production and Transfer of Anti-Personnel Mines and on all public, published data, provided freely by various groups, firms Their Destruction (1997): This Convention, often referred to and other independent bodies to enhance the scope of our as the Anti-Personnel Landmines Convention, aims to eliminate restricted company list. Therefore, Insight’s ESG team uses an anti-personnel landmines around the world exclusion list generated internally to feed our system-based restrictions and refresh this universe on an annual basis. INSIGHT’S GLOBAL CLUSTER MUNITIONS AND LANDMINES POLICY In the event that we identify a company in our portfolios that does not comply with these policy requirements, we will contact the In line with these international conventions and following their company directly for confirmation of their involvement in cluster ratification into domestic law by a number of countries, Insight munitions or landmines-related activities. Following confirmation has adopted a global policy which commits it to avoiding direct of their involvement in these activities, we will divest any such investments in companies that: holdings within a reasonable period. • Design, produce, sell or maintain cluster munitions and/or landmines • Undertake research and development to develop cluster munitions and/or landmines • Breach the requirements of the Convention on Cluster Munitions or the Anti-Personnel Landmines Convention FIND OUT MORE Institutional Business Development Consultant Relationship Management @InsightInvestIM [email protected] [email protected] +44 20 7321 1552 +44 20 7321 1023 company/insight-investment European Business Development [email protected] www.insightinvestment.com +49 69 12014 2650 +44 20 7321 1928 This document is a financial promotion and is not investment advice. This document must not be used for the purpose of an offer or solicitation in any jurisdiction or in any circumstances in which such offer or solicitation is unlawful or otherwise not permitted. This document should not be duplicated, amended or forwarded to a third party without consent from Insight Investment. Insight does not provide tax or legal advice to its clients and all investors are strongly urged to seek professional advice regarding any potential strategy or investment. For a full list of applicable risks, and before investing, investors should refer to the Prospectus or other offering documents. Please go to www.insightinvestment.com. Unless otherwise stated, the source of information and any views and opinions are those of Insight Investment. Telephone calls may be recorded. For clients and prospects of Insight Investment Management (Global) Limited: Issued by Insight Investment Management (Global) Limited. Registered in England and Wales. Registered office 160 Queen Victoria Street, London EC4V 4LA; registered number 00827982. For clients and prospects of Insight Investment Funds Management Limited: Issued by Insight Investment Funds Management Limited. Registered in England and Wales. Registered office 160 Queen Victoria Street, London EC4V 4LA; registered number 01835691. For clients and prospects of Insight Investment International Limited: Issued by Insight Investment International Limited. Registered in England and Wales. Registered office 160 Queen Victoria Street, London EC4V 4LA; registered number 03169281. Insight Investment Management (Global) Limited, Insight Investment Funds Management Limited and Insight Investment International Limited are authorised and regulated by the Financial Conduct Authority in the UK. Insight Investment Management (Global) Limited and Insight Investment International Limited are authorised to operate across Europe in accordance with the provisions of the European passport under Directive 2004/39 on markets in financial instruments. For clients and prospects based in Singapore: This material is for Institutional Investors only. This documentation has not been registered as a prospectus with the Monetary Authority of Singapore. Accordingly, it and any other document or material in connection with the offer or sale, or invitation for subscription or purchase, of Shares may not be circulated or distributed, nor may Shares be offered or sold, or be made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore other than (i) to an institutional investor pursuant to Section 304 of the Securities and Futures Act, Chapter 289 of Singapore (the ‘SFA’) or (ii) otherwise pursuant to, and in accordance with the conditions of, any other applicable provision of the SFA. For clients and prospects based in Australia and New Zealand: This material is for wholesale investors only (as defined under the Corporations Act in Australia or under the Financial Markets Conduct Act in New Zealand) and is not intended for distribution to, nor should it be relied upon by, retail investors. Both Insight Investment Management (Global) Limited and Insight Investment International Limited are exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 in respect of the financial services; and both are authorised and regulated by the Financial Conduct Authority (FCA) under UK laws, which differ from Australian laws. If this document is used or distributed in Australia, it is issued by Insight Investment Australia Pty Ltd (ABN 69 076 812 381, AFS License No. 230541) located at Level 2, 1-7 Bligh Street, Sydney, NSW 2000. For clients and prospects based in Canada: Securities in Canada are offered through BNY Mellon Asset Management Canada Ltd., registered as a portfolio manager and exempt market dealer in all provinces and territories of Canada, and as an investment fund manager and commodity trading manager in Ontario. BNY Mellon Asset Management Canada Ltd is an indirect wholly-owned subsidiary of the Bank of New York Mellon Corporation (BNY Mellon). © 2018 Insight Investment. All rights reserved. 14266-11-18.
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