Eksempler på virksomheder som Handelsinvests afdelinger har valgt ikke at investere i som følge af vores politik for ansvarsfulde investeringer

Kontroversielle våben og kernevåben

AECOM Northrop Grumman Corporation

Aerojet Rocketdyne Holdings, Inc. Poongsan Corp.

Airbus SE POONGSAN HOLDINGS Corp.

Anhui GreatWall Military Industry Co., Ltd. Premier Explosives Ltd.

Aryt Industries Ltd. ROLLS-ROYCE HOLDINGS PLC

BABCOCK INTERNATIONAL GROUP PLC S&T DYNAMICS Co., Ltd.

BAE SYSTEMS PLC S&T Holdings Co., Ltd.

Bharat Dynamics Ltd. SAFRAN S.A.

Booz Allen Hamilton Holding Corp. Science Applications International Corp.

Brookfield Asset Management, Inc. SGL Carbon SE

Brookfield Business Partners LP Steel Partners Holdings LP

BWX Technologies, Inc. Tennessee Valley Authority

CACI International, Inc. TEXTRON INC.

China Shipbuilding Industry Co., Ltd. THALES S.A.

CNIM Group SA The Boeing Company

Cohort Plc TransDigm Group, Inc.

ELBIT SYSTEMS LIMITED Ultra Electronics Holdings Plc

Engility Holdings, Inc. UNITED TECHNOLOGIES CORPORATION

FLUOR CORPORATION Walchandnagar Industries Ltd.

Fortive Corporation

GP Strategies Corporation

HANWHA CORP.

Hitachi Zosen Corp.

HONEYWELL INTERNATIONAL INC.

HUNTINGTON INGALLS INDUSTRIES, INC.

JACOBS ENGINEERING GROUP, INC.

KBR, Inc.

L3Harris Technologies, Inc.

LARSEN & TOUBRO LTD.

Leidos Holdings, Inc.

LEONARDO – SpA

LIG Nex1 Co., Ltd.

LOCKHEED MARTIN CORPORATION

Lumibird SA

Moog, Inc.

DECEMBER 2019 Eksempler på virksomheder som Handelsinvests afdelinger har valgt ikke at investere i som følge af vores politik for ansvarsfulde investeringer

Kulminedrift og kulkraftproduktion

ABOITIZ EQUITY VENTURES, INC. Coronado Global Resources, Inc.

Aboitiz Power Corp. Corsa Coal Corp.

Adani Enterprises Ltd Datang International Power Generation Co., Ltd.

ADANI POWER LIMITED Datong Coal Industry Co., Ltd.

AES Gener SA DMCI HOLDINGS INC.

AFRICAN RAINBOW MINERALS LIMITED Electric Power Development Co., Ltd.

AGL ENERGY LIMITED Electricity Generating Public Co., Ltd.

AGRITRADE RESOURCES LIMITED ENEA SA

Alabama Power Co. Enel Russia PJSC

Albioma SA Eneva SA

ALLETE, Inc. ENGIE ENERGIA CHILE S.A.

Alliance Holdings GP LP Evergy, Inc.

Alliance Resource Partners LP EXXARO RESOURCES LIMITED

ALLIANT ENERGY CORPORATION Feishang Anthracite Resources Ltd.

Altius Minerals Corp. FirstEnergy Corp.

AMEREN CORPORATION Foresight Energy LP

American Electric Power Co., Inc. Gansu Jingyuan Coal Industry & Electricity Power Co., Ltd.

ANGLO AMERICAN PLC GD POWER DEVELOPMENT CO., LTD.

Anglo Pacific Group Plc Glencore Plc

ARCH COAL, INC. Guangdong Electric Power Development Co., Ltd.

Ashaka Cement Plc Guanghui Energy Co., Ltd.

Banpu Power Public Co. Ltd. Guizhou Panjiang Refined Coal Co., Ltd.

Banpu Public Company Limited GUJARAT MINERAL DEVELOPMENT CORPORATION LIMITED

Bathurst Resources Ltd. Hallador Energy Co.

Beijing Haohua Energy Resource Co., Ltd. Hidili Industry International Development Ltd.

Capital Power Corp. HK Electric Investments & HK Electric Investments Ltd.

CESC LTD Hokkaido Electric Power Company, Incorporated

China Coal Energy Company Limited Hokuriku Electric Power Company

China Coal Xinji Energy Co., Ltd. Hosken Consolidated Investments

China Power International Development Limited Company Limited

CHINA RESOURCES POWER HOLDINGS COMPANY LIMITED Huadian Fuxin Energy Corp. Ltd.

China Shenhua Energy Company Limited Huadian Power International Corporation Limited

Cloud Peak Energy, Inc. HUANENG POWER INTERNATIONAL, INC.

CLP HOLDINGS LIMITED Huolinhe Opencut Coal Industry Corp. Ltd. of Inner Mongolia

Coal Energy SA Idemitsu Kosan Co., Ltd.

COAL INDIA LIMITED Inner Mongolia Yitai Coal Co., Ltd.

CONSOL ENERGY INC. Irkutskenergo JSC

Contura Energy, Inc.

Side 2 Eksempler på virksomheder som Handelsinvests afdelinger har valgt ikke at investere i som følge af vores politik for ansvarsfulde investeringer

Kulminedrift og kulkraftproduktion – fortsat

Jaiprakash Power Ventures Ltd. PT Golden Energy Mines Tbk

JASTRZEBSKA SPOLKA WEGLOWA SA PT Harum Energy TBK

Jiangsu Guoxin Corp. Ltd. PT Indika Energy Tbk

Jizhong Energy Resources Co., Ltd. PT indo Tambangraya Megah Tbk

JSW ENERGY LIMITED PT Trada Alam Minera Tbk

Korea Electric Power Corp. PT United Tractors Tbk

KSK Power Venture Plc Public Power Corp. SA

Kuzbasskaya Toplivnaya Kompaniya PJSC Public Service Co. of New Mexico

Lubelski Wegiel Bogdanka SA Reliance Infrastructure Ltd.

MALAKOFF CORPORATION BERHAD RELIANCE POWER LIMITED

MC Mining Ltd. Resources Prima Group Ltd.

Menchel PAO Rhino Resources Partners LP

Mercator Ltd. RWE Aktiengesellschaft

MGE ENERGY, INC. SDIC Power Holdings Co., Ltd.

MidAmerican Energy Co. Semirara Mining & Power Corp.

Mitsui Matsushima Holdings Co., Ltd. Shaanxi Coal Industry Company Limited

Mongolia Energy Corp. Ltd. Shanghai Datun Energy Resources Co., Ltd.

Mongolian Mining Corp. Power Co., Ltd.

NACCO Industries, Inc. Shanxi Coal International Energy Group Co., Ltd.

New Hope Corp., Ltd. Shanxi Lanhua Sci-Tech Venture Co., Ltd.

NLC India Ltd. Shanxi Lu’An Environmental Energy Development Co., Ltd.

NRG Energy, Inc. Shanxi Xishan Coal & Electricity Power Co., Ltd.

ORIGIN ENERGY LIMITED Group Co., Ltd.

Otter Tail Corp. Shikoku Electric Power Co., Inc.

Peabody Energy Australia PCI Pty Ltd. SOUTH32 LIMITED

PEABODY ENERGY CORPORATION Southern Kuzbass Coal Co. PJSC

PGE Polska Grupa Energetyczna SA Southgobi Resources Ltd.

Pingdingshan Tianan Coal Mining Co., Ltd. Stanmore Coal Ltd.

PNM RESOURCES, INC. Tauron Polska Energia SA

Power Assets Holdings Ltd. Tebian Electric Apparatus Stock Co., Ltd.

PT ABM Investama Tbk TENAGA NASIONAL BERHAD

PT Adaro Energy Tbk The AES Corp.

PT Alfa Energi Investama The Chugoku Electric Power Company, Incorporated

PT Bayan Resources Tbk The Lanna Resources Public Co., Ltd.

PT Bukit Asam Tbk The Okinawa Electric Power Company, Incorporated

PT Bumi Resources Tbk Tian Di Science & Technology Co., Ltd.

PT Dian Swastatika Sentosa Tbk TransAlta Corporation

PT Golden Eagle Energy Tbk

Side 3 Eksempler på virksomheder som Handelsinvests afdelinger har valgt ikke at investere i som følge af vores politik for ansvarsfulde investeringer

Kulminedrift og kulkraftproduktion – fortsat

WASHINGTON H. SOUL PATTINSON AND COMPANY LIMITED VISTRA ENERGY CORP.

Wescoal Holdings Ltd. Yancoal Australia Ltd.

Westmoreland Resources Partners LP Yang Quan Coal Industry (Group) Co., Ltd.

WHITEHAVEN COAL LIMITED Yanzhou Coal Mining Company Limited

Wintime Energy Co., Ltd. Zhejiang Zheneng Electric Power Co., Ltd.

Wisconsin Electric Power Co. Zhengzhou Coal Industry & Electric Power Co., Ltd.

Krænkelse af internationale normer

Alstom SA Israel Discount Bank Ltd.

Altice Europe NV JBS SA

AviChina Industry & Technology Co. Ltd. Jiangxi Hongdu Aviation Industry Co., Ltd.

B Communications Ltd. Marathon Petroleum Corp.

Bank Hapoalim BM Mizrahi Tefahot Bank Ltd.

Bank Leumi Le-Israel Ltd. MPLX LP

Bayer AG Municipal Bank Ltd.

Bayer CropScience Ltd. (India) Oil Co. LUKOIL PJSC

Bezeq The Israeli Telecommunication Corp. Ltd. Partner Communications Co. Ltd.

Bharat Heavy Electricals Ltd. Phillips 66

Cellcom Israel Ltd. Phillips 66 Partners LP

Centrais Eletricas Brasileiras SA POSCO

Cia de Saneamento do Parana Posco International Corp.

Cintas Corp. PT Indofood Sukses Makmur Tbk

Commonwealth Bank og Australia PT Perusahaan Perkebunan London Sumatra Indonesia Tbk

Companhia Energetica de Minas Gerais SA PT Salim Ivomas Pratama Tbk

Deutsche Telekom AG Red Rock Resorts, Inc.

Elsewedy Electric Co. Repsol SA

Enbridge Energy Management LLC Rosneft Oil Co.

Enbridge, Inc. Royal Dutch Shell plc

Energy Transfer LP SK Holdings Co., Ltd.

Energy Transfer Operating LP SK Innovation Co., Ltd.

First Pacific Co. Ltd. Sumitomo Chemical Co., Ltd.

Harel Insurance Investments & Financial Services Ltd. The First International Bank of Israel Ltd.

Iberdrola SA T-Mobile US, Inc.

Incitec Pivot Ltd. Vale SA

Indofood Agri Resources Ltd. XPO Logistics, Inc.

Side 4 Eksempler på virksomheder som Handelsinvests afdelinger har valgt ikke at investere i som følge af vores politik for ansvarsfulde investeringer

Virksomheder, der er ekskluderet af flere årsager

BHP Group Ltd. Kulminedrift og kulkraftproduktion, krænkelse af internationale normer

General Dynamics Corp. Kontroversielle våben og kernevåben, krænkelse af internationale normer

NTPC Ltd. Kulminedrift og kulkraftproduktion, krænkelse af internationale normer

Raytheon Co. Kontroversielle våben og kernevåben, krænkelse af internationale normer

Serco Group Plc Kontroversielle våben og kernevåben, krænkelse af internationale normer

Tata Power Co., Ltd. Kontroversielle våben og kernevåben, kulminedrift og kulkraftproduktion

Side 5