Danske Invest 2 - Norsk Obligasjon Class P3

Investment Exclusions

The table and lists below show which companies or issuers that the above mentioned investment product is not allowed to invest in, i.e. which investments are excluded from the product's investment universe. The table demonstrates the total number of excluded investments in each exclusion category following Danske Bank’s most recent screening of investments, see "Total number of exclusions".

Please note that the number of excluded investments does not reflect the actual reduction of the product's investment universe. This is because not all excluded investments are covered by the product's reference benchmark and/or the product's investment strategy. 
The actual impact can be greater or smaller and is reported for each of the exclusion categories in the product's annual report. The figures from the latest annual report are  included in the table, see "% of benchmark excluded" and "Excluded issuers in benchmark (number)", but please note that these do not reflect the total impact that exclusions may have on the product as an investment can be excluded in more than one category. 

When an investment is excluded in a category, it will appear in the applicable list under the table.

Find more information about how Danske Invest works with exclusions here: You do not invest in everything


Exclusions in Norsk Obligasjon Class P3

The product applies  10 different exclusion categories. These are listed below:

Exclusion category Definition Criteria/Threshold Total number of excluded investments % of benchmark excluded Excluded issuers in benchmark (number)
Exclusion category:Norm based* Definition:Companies involved in activities considered unacceptable in relation to international norms Criteria/Threshold:Case specific Total number of excluded investments :471 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:Good governance* Definition:Companies not living up to indicators in relation to good governance Criteria/Threshold:Case specific Total number of excluded investments :28 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:Country exclusions* Definition:The exclusion covers countries that express weak sustainability practices, have weak governance or have weak social safeguards Criteria/Threshold:Case specific Total number of excluded investments :27 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:Tobacco Definition:The exclusion covers several parts of the production process (such as leaf growing, harvesting, curing and processing) and distribution of products made entirely or partly of leaf tobacco as raw material, which are intended to be smoked, sucked, chewed or snuffed (including electronic cigarettes and other ‘Next-Generation Products’) Criteria/Threshold:>5% Revenue Total number of excluded investments :121 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:Pornography Definition:The exclusion covers production, broadcasting and distribution of images of sexual behavior that are intended to cause sexual excitement (including products labelled ‘erotica’, ‘porn’ or ‘adult entertainment’).
Criteria/Threshold:>1% Revenue Total number of excluded investments :11 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:Controversial weapons Definition:The exclusion covers production, maintenance, sale, prime contracting, key sub-contracting and supplier of key components related to anti-personnel mines, biological weapons, chemical weapons, cluster munition and nuclear weapons outside the Non-Proliferation Treaty (NPT) Criteria/Threshold:>0% Revenue Total number of excluded investments :45 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:Thermal coal Definition:The exclusion covers mining activities (i.e. production) of coal and power generation using coal to produce electricity or process steam. Criteria/Threshold:>5% Revenue Total number of excluded investments :373 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:Tar sands Definition:The exclusion covers surface mining and in-situ recovery of nconventional petroleum deposit as either loose sands or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, saturated with a dense and extremely viscous form of petroleum technically referred to as bitumen (or colloquially as tar due to its superficially similar appearance).
Criteria/Threshold:>5% Revenue Total number of excluded investments :54 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:Peat-fired power generation Definition:The exclusion covers power generation using peat, i.e. organic fuel consisting of spongy material formed by the partial decomposition of organic matter, primarily plant material, in wetlands Criteria/Threshold:>5% Revenue Total number of excluded investments :1 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported
Exclusion category:SPU (Statens Pensjon Utland) Definition:Companies on the exclusion list maintained by Norges Bank Investment Management/Statens Pensjonsfond Utland Criteria/Threshold:Case specific Total number of excluded investments :172 % of benchmark excluded:Not yet reported Excluded issuers in benchmark (number):Not yet reported

*Part of Enhanced sustainability standards




List of Excluded Investments

Below you can see the companies and issuers identified under each exclusion category at the latest screening conducted by Danske Bank Asset Management.

Norm based*

ALROSA-Nyurba PJSC Abrau-Durso PJSC AcBel Polytech, Inc.
Acron PJSC Adani Abbot Point Terminal Pty Ltd. Adani Enterprises
Adani Green Energy Adani Ports & Special Economic Zones Aeroflot PJSC
Aganneftegazgeologia OAO Agrofirma Mcenskaya OAO Alfa-Bank
Almaz-Antei PAO Alrosa PJSC Aphria
Archer-Daniels Midland Co. Arktikneftegazstroy OAO Aselsan Elektronik Sanayi ve Ticaret AS
Atomic Energy Power Corp. Avangard Bank PJSC Avary Holding (Shenzhen) Co., Ltd.
AviChina Industry & Technology Aziyo Biologics, Inc. BRF SA
Bajaj Hindustan Sugar Ltd. Bamtonnelstroy Bank Otkritie Financial Corp OJSC Via OFCB Capital PLC
Bank Otkritie Financial Corp PJSC/Tochka Bank Rossiya OAO Bank St Petersburg PJSC
Bank ZENIT PJSC Barrick (PD) Australia Finance Pty Ltd. Barrick Gold
Barrick Gold Finance Co. Barrick North America Finance LLC Barrick TZ Ltd.
Bashneft PJSC Beijing Tong Ren Tang Chinese Medicine Co., Ltd. Beijing Tongrentang Co., Ltd.
Belon OJSC Belspetsvneshtechnika Beluga Group PJSC
Bharat Electronics Limited Bharat Heavy Electricals Ltd Black Sea Trade & Development Bank
Bunge Alimentos SA Bunge Brasil SA Bunge Finance Europe BV
Bunge Ltd Bunge Ltd. Finance Corp. Bunge NA Finance LP
CNOOC Canada, Inc. CNOOC Curtis Funding No. 1 Pty Ltd. CNOOC Finance (2003) Ltd.
CNOOC Finance (2011) Ltd. CNOOC Finance (2012) Ltd. CNOOC Finance (2013) Ltd.
CNOOC Finance (2014) ULC CNOOC Finance (2015) U.S.A. LLC CNOOC Ltd
Cargill Center for Cargo Container Traffic TransContainer PJSC Centerenergyholding JSC
Centrais Eletricas Brasileiras SA (Eletrobras) Central Bank of the Russian Federation/The Central Telegraph PJSC
Cetelem Bank Changhong Meiling Co., Ltd. Chelyabinsk Forge & Press Plant PJSC
Chelyabinsk Metallurgical Plant PJSC Chelyabinsk Pipe Plant PJSC Cherkizovo Group PJSC
China Coal Energy Co Ltd China National Nuclear Corp. China National Petroleum Corporation (CNPC)
China Shipbuilding Industry Co., Ltd. China Traditional Chinese Medicine Holdings Co. Ltd. Chrezvichainaia strahovaia co CHSK OAO
Cnooc Finance (2015) Australia Pty Ltd. Commercial Sea Port of Vladivostok PJSC Companhia Energetica De Minas Gerais (CEMIG)
Conoco Funding Co. ConocoPhillips ConocoPhillips Australia Funding Co.
ConocoPhillips Canada Funding Co. I ConocoPhillips Canada Funding Co. II ConocoPhillips Co.
CoreCivic Corp Credit Bank of Moscow PJSC DTE Energy Co
Dalmoreprodukt Daqo New Energy Corp. Dushanzi Petrochemical Company
EN+ Group International PJSC ENEL RUSSIA PJSC ElSewedy Electric Co
Elbit Systems Ltd. Elektrostal OAO Enbridge Inc
Energospecmontazh Energy Transfer Equity LP Energy Transfer Operating LP
European Eltech PJSC Evraz Plc Eximbank of Russia
Exxon Mobil Corporation Far-Eastern Energy Co PJSC Far-Eastern Shipping Co PLC
Federal Grid Co Unified Energy System PJSC First Pacific Company Limited Formosa Chemicals & Fibre Corp.
Formosa Taffeta Co., Ltd. Freeport McMoRan GAZ-Tek PJSC
GCL New Energy Holdings Limited GCL Technology GCM Resources plc
GEO Group Gaiskiy GOK OAO Gaz-service PJSC
Gazkon PJSC Gazprom Gazoraspredelenie Syktyvkar AO Gazprom Neft PJSC
Gazprom PJSC Gazprom PJSC Via Gaz Capital SA Gazprom PJSC via Gaz Finance PLC
Gazprombank GenBank Genting Bhd
Genting Plantations Berhad Geotech Seismic Services PJSC Giprospetsgaz OAO
Glencore Golden Agri-Resources Ltd Grand Pharmaceutical Group Ltd.
Grupo Mexico SAB de CV Gruppa kompaniy kommunalnoy sfery PAO Gtlk Europe Capital DAC
HALS-Development PJSC HIKVision Halcyon Agri Corp Ltd
Haoxiangni Health Food Co., Ltd. Harmony Gold Mining Co Ltd Honeys Holding
Hoshine Silicon Industry Co., Ltd. Hotel Kosmos OAO Huaihe Energy (Group) Co., Ltd.
Human Stem Cells Institute PJSC IDGC of Centre and Volga Region PJSC IDGC of Urals JSC
IDGC of the North-West PJSC INGRAD OOO INVEST-DEVELOPMENT PJSC
IOI Corporation Berhad IOI Investment Labuan Bhd. Imperial Oil Ltd
Indofood Agri Resources Ltd. Ingosstrakh Insurance Co Inner Mongolia Baotou Steel Union Co
Inter RAO UES PJSC Irkutskenergo PJSC Izhorskiye Zavody PJSC
JBS Finance II Ltd. JBS SA JBS USA Finance, Inc.
JBS USA LLC JG Summit Holdings, Inc. JSC Kalashnikov
Jastrzebska Spolka Weglowa SA Jiangsu Guotai International Group Co., Ltd. Jiangxi Copper Co Ltd
Jinko Solar Co Jointown Pharmaceutical Group Co., Ltd. KIBO Energy PLC
KTK Group Co., Ltd. Kalugaputmash Kaluzsky Plant of Automobile Electrical Equipment OAO
Kamaz PJSC Kamchatskenergo PJSC Khanty-Mansiyskdorstroy OAO
Komi Energosbytovaya Co OAO Komitex JSC Korporatsiya Takticheskoe Raketnoe Vooruzhenie OAO
Korporatsiya Taktischeskoe Raketnoe Vooruzhenie OAO Korshynov Mining Plant PJSC Kovrovskiy Mekhanicheskiy Zavod OAO
Krasfarma OAO Krasnoyarskenergosbyt PJSC Krasnoyarsknefteproduct
Krasnyj Octyabr PJSC Kriogenmash PAO Kuban Trunk Grid
KuibyshevAzot PJSC Kurganskaya Generiruyushchaya Kompaniya PAO Kuzbasskaya Toplivnaya Co JSC
LSR Group PJSC LUKOIL PJSC Leidos, Inc.
Lengazspecstroy OAO Lens Technology Co Ltd Lenzoloto PJSC
Li Ning Company Limited Luthai Textile Co Ltd Luxshare Precision Industry Co ltd
M.Video PJSC MMC Norilsk Nickel PJSC Magadanenergo PJSC
Magnit PJSC Magnitogorsk Iron & Steel Works PJSC Marathon Petroleum Corp
Mechel PJSC MegaFon PJSC Metafrax OAO
Metallurgical Corporation of China Mikron JSC Minerva SA
Mobile TeleSystems PJSC Moscow City Telephone Network PJSC Moscow Exchange MICEX-RTS PJSC
Mosenergo PJSC Mostotrest PJSC Muhibbah Engineering (M) Bhd.
NC Rosneft- Kubannefteproduct PJSC NTPC Ltd Nauchno-Proizvodstvennoe Obedinenie S plav OAO
Nitel OAO Nizhegorodoblgaz OAO Nizhnekamskneftekhim PJSC
Novatek PJSC Novikombank AO Novolipetsk Steel PJSC
Novoroslesexport OAO Novorossiysk Commercial Sea Port PJSC Novorossiyskiy Kombinat Khleboproduktov PAO
OCP SA OFILM Group Co., Ltd. OGK-2 PJSC
ONGC Videsh Ltd. Obnyeftegazgeologia OJSC Oil & Natural Gas Corp
Oracle Power PLC Organichesky Sintez PJSC Otkritie Bank OJSC
Ozon Holdings PLC PIK Group PJSC PJSC SPC Energia
POSCO PT Astra Agro Lestari Tbk PT Astra International Tbk
PT Bakrie & Brothers Tbk PT Barito Pacific Tbk PT Indofood Sukses Makmur Tbk
PT Perusahaan Perkebunan London Sumatra Indonesia Tbk PT Salim Ivomas Pratama Tbk PT Sawit Sumbermas Sarana Tbk
Permenergosbyt PJSC PetroChina Company Limited Petroleum Trading Lao Public Co
Petropavlovsk PLC Pharmacy Chain 36.6 PJSC Phillips 66
PhosAgro PJSC Pigment OJSC Polymetal International Plc
Polyus PJSC Posco International Corp Positive Group PJSC
Power Construction Corporation of China Press Metal Aluminium Holdings Berhad Press Metal Bhd.
Priargunsky Industrial Mining and Chemical Union OAO Priisk Dambuki OAO Primorie Bank PJSC
Proizvodstvennoye Ob Yedineniye Severnoye Mashinostroitel'noye Predpriyatiye AO Promsvyazbank Quadra Power Generation PJSC
ROSSETI PJSC Raspadskaya OAO Red Rock Resorts, Inc.
Renaissance Insurance Group JSC Rio Zim Ltd. Rosgosstrakh PJSC
Rosneft Oil Co PJSC Rosseti Centre PJSC Rosseti Kuban PJSC
Rosseti Lenenergo PJSC Rosseti Moscow Region PJSC Rosseti North Caucasus PJSC
Rosseti Siberia PJSC Rosseti South PJSC Rosseti Volga PJSC
Rostec Rostec State Corp Rostelecom PJSC
Rostovoblgaz PJSC RusHydro PJSC Rusolovo PJSC
Ruspolimet OJSC RussNeft PJSC Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russia Federation
Russia Federation Russia Federation Russian Agricultural Bank
Russian Agricultural Bank OJSC Via RSHB Capital SA Russian Aquaculture PJSC Russian Direct Investment Fund
Russian Railways JSC Ryazan Energy Retail Co PJSC SAIC Motor Corp. Ltd
SFI PJSC SJVN Lmt. SK Holdings Co
SK Innovation Co Ltd SLC Agricola SA SPB Exchange PJSC
Samaraenergo PJSC Samarco Mineracao SA Samolet Group
Santos Saratovskiy Neftepererabatyvayuschiy Zavod PJSC Sasol Financing International Plc
Sasol Financing USA LLC Sasol Ltd Sberbank of Russia PJSC
Sberbank of Russia Via SB Capital SA Segezha Group PJSC Seligdar PJSC
Severalmaz PAO Severstal PAO Shein
Sinotruk Hong Kong Ltd. Sistema PJSFC Slavneft-Megionneftegaz PPO OAO
Slavneft-Megionneftegazgeologia OAO Slavneft-Yaroslavnefteorgsintez OJSC Sokolskiy Pulp & Paper
Solikamsk Magnesium Plant OJSC Sollers PJSC South-Kuzbass GRES OAO
South32 Southern Copper Sovcombank PJSC
Sovcomflot PJSC Sredneuralskij Medeplavilnyj Zavod OAO Surgutneftegas PJSC
Sysymanzoloto OAO TBEA TCS Group Holding PLC
TGC-1 PJSC TGC-2 PJSC TGK-14 PJSC
TNS Energo Voronezh PJSC TNS Energos PJSC TNS energo Nizhny Novgorod PJSC
TNS energo Rostov-on-Don PJSC TNS energo Yarosavl PJSC Ta Ann Holdings Bhd
Taganrog Boiler-Making Works Krasny kotelshchik PJSC Tatneft PJSC Tattelecom PJSC
Texhong Textile Group Limited Tingo Group Tong Ren Tang Technologies Co., Ltd.
Tongling Nonferrous Metals Group Toyo Ventures Holdings Bhd. TransFin-M PAO
Transkapitalbank Trina Solar Tulachermet PAO
Tulamashzavod Tulanefteprodukt PJSC Turquoise Hill Resources Ltd.
Tutaev Motor Plant OAO Tverskoy Vagonostroitelniy Zavod UTair Aviation PJSC
Uchalinskiy Gorno-Obogatitelniy Kombinat OAO Udmurtneft OAO Ufaleynickel PJSC
Ugol'naya Kompaniya Yuzhnyy Kuzbass PAO United Aircraft Corporation United Co RUSAL International PJSC
United Credit Systems PJSC United Shipbuilding Corporation United Wagon Co PJSC
Ural Bank for Reconstruction and Development UralSib Bank PJSC Uralelektromed OAO
Uralkali PJSC Uralskaya Kuznitsa OAO Uralvagonzavod
VK Co Ltd VSMPO-AVISMA Corp PJSC VTB Bank PJSC
Varyeganneftegaz PJSC Vedanta Limited Vedanta Resources Finance II Plc
Vedanta Resources Jersey Ltd. Vedanta Resources Ltd Victory City International Holdings Ltd.
Vnesheconombank Via VEB Finance PLC Volcan Cia Minera SAA Vyborg Shipyard PAO
WTK Holdings Bhd Wilmar International Ltd Woodside Energy
World Trade Center Moscow PJSC X5 Retail Group NV Xinjiang Nonferrous Metal Industry Group Co Ltd
Xinjiang Zhongthai Chemical YAmaltransstroj PJSC Yakutsk Fuel-Energy Co PJSC
Yakutskenergo PJSC Youngor Group Co., Ltd. Yunnan Baiyao Group Co., Ltd.
Yuzhno-Ural'skij nikelevyj kombinat PJSC Yuzhural-Asko PJSC ZIL PJSC
ZTE Corp Zavod Imeni VA Degtyareva OAO Zhen Ding Technology Holding Ltd.
Zijin International Capital Co., Ltd. Zijin International Finance Co., Ltd. Zijin Mining


Good governance*

ABC-MART, INC. ACTIVE BIOTECH AB ARIAKE JAPAN Co., Ltd.
Converge Technology Solutions Corp. DONG SUH Companies Inc. Datang International Power Generation Co., Ltd.
DoubleUGames Co., Ltd. Everbright Securities Company Limited Evertz Technologies Limited
Ferrotec Holdings Corp. Fresnillo plc Fujicco Co., Ltd.
Huadian Power International Corporation Limited Monarch Casino & Resort, Inc. NB Bancorp, Inc.
New China Life Insurance Company Ltd. Ningbo Deye Technology Co., Ltd. Rorze Corp.
SD Biosensor, Inc. STEICO SE SmartFinancial, Inc.
Toei Animation Co., Ltd. TowneBank Traction AB
Urban One, Inc. Wacker Neuson SE Xinyi Glass Holdings Ltd.
Zhaojin Mining Industry Co., Ltd.


Country exclusions*

Afghanistan Bangladesh Belarus
Burundi Cambodia Central African Republic
Chad Cuba DR Congo
Equatorial Guinea Eritrea Guinea
Haiti Iran Liberia
Libya Madagascar Myanmar
Niger North Korea Russia
Somalia South Sudan Sudan
Syria Turkmenistan Yemen


Tobacco

22nd Century Group, Inc. A-1 Group, Inc. AMVIG Holdings Ltd.
Al-Eqbal Co. for Investment Plc Altadis Emisiones Financieras SA Altadis SA
Altria Group, Inc. American Heritage International, Inc. Arcis Resources Corp.
Asberry 22 Holdings, Inc. Asenovgrad Tabac AD B.A.T Capital Corp.
B.A.T. Finance BV B.A.T. International Finance Plc B.A.T. Netherlands Finance BV
BADECO ADRIA dd BAT Brasil British American Tobacco Argentina SAICy F
British American Tobacco Australlasia Ltd. British American Tobacco Bangladesh Company Limited British American Tobacco Chile Operaciones SA
British American Tobacco Co. Ltd. British American Tobacco Holdings (The Netherlands) BV British American Tobacco Italia SpA
British American Tobacco Kenya Plc British American Tobacco Malaysia Bhd. British American Tobacco Peru Holdings Ltd.
British American Tobacco Uganda Ltd. British American Tobacco Yava Jsc British American Tobacco Zambia PLC
British American Tobacco Zimbabwe Ltd. British American Tobacco plc Bulgartabac Holding AD
CTO Co. Ltd. Carreras Ltd. Cat Loi JSC
Ceylon Tobacco Company Plc Charlie's Holdings, Inc. China Boton Group Company Limited
China Tobacco International (HK) Company Limited Coka Duvanska Industrija AD Consolidated Cigar Holdings, Inc.
Dupnitsa-Tabak AD Duvanska Industrija AD Bujanovac Duvanski Kombinat ad Podgorica
Eastern Co. (Egypt) Elentec Co., Ltd. Gemini Group Global Corp.
Gilla, Inc. Godfrey Phillips India Ltd. Golden Tobacco Ltd.
Greenlane Holdings, Inc. Guangdong DFP New Material Group Co., Ltd. Guangdong New Grand Long Packing Co., Ltd.
Harrys Manufacturing Inc. Hrvatski Duhani dd Huabao International Holdings Limited
IMA T&T SpA ITC Limited Icon Vapor, Inc.
Imperial Brands Finance Netherlands BV Imperial Brands Finance Plc Imperial Brands PLC
Ispire Technology, Inc. JT International Financial Services BV Japan Tobacco, Inc.
Jerusalem Cigarette Co. Ltd. KT&G Corp. Karelia Tobacco Co., Inc.
Khyber Tobacco Co. Ltd. Kimree, Inc. LT Group, Inc.
Litu Holdings Limited Lorillard LLC NTC Industries Ltd.
Ngan Son JSC Nikotiana BT Holding AD North Atlantic Trading Co., Inc.
PT Bentoel International Investama Tbk PT Gudang Garam Tbk PT Hanjaya Mandala Sampoerna Tbk
PT Indonesian Tobacco Tbk PT Wismilak Inti Makmur Tbk Pakistan Tobacco Co. Ltd.
Pazardzhik BTM AD Philip Morris (Pakistan) Ltd. Philip Morris CR as
Philip Morris International Inc. Philip Morris Operations AD Press Corporation Plc
Pyxus International, Inc. R.J. Reynolds Tobacco Holdings, Inc. RLX Technology, Inc.
Reynolds American, Inc. SITAB Scandinavian Tobacco Group A/S
Shaanxi Jinye Science Technology & Education Group Co., Ltd. Shanghai Industrial Holdings Limited Shanghai Shunho New Materials Technology Co., Ltd.
Shenzhen Jinjia Group Co., Ltd. Shenzhen Yinghe Technology Co., Ltd. Shumen Tabac AD
Sila Holding AD Sinnar Bidi Udyog Ltd. Slantse Stara Zagora Tabac AD
Smoore International Holdings Limited Societe Nationale d'exploitation Industrielle des Tabacs Strumica Tabak AD
Swedish Match Ab TSL Ltd. Tanzania Cigarette Co. Ltd.
Turning Point Brands, Inc. Tutunski Kombinat AD Prilep Union Investment Corp.
Union Tobacco & Cigarette Industries Co. Universal Corporation VPR Brands LP
VST Industries Limited Vector Group Ltd. Wee-Cig International Corp.
West Indian Tobacco Co. Ltd.


Pornography

Attica Publications SA DNXcorp SE Erotik-Abwicklungsgesellschaft AG
FriendFinder Networks, Inc. Metro Global Media, Inc. New Frontier Media, Inc.
PLBY Group, Inc. Private Media Group, Inc. RCI Hospitality Holdings, Inc.
Scores Holding Co., Inc. tmc Content Group AG


Controversial weapons

Aerospace Long-March International Trade Co., Ltd. Anhui GreatWall Military Industry Co., Ltd. Anhui Military Industry Group Holding Co. Ltd.
Arab Organization for Industrialization Aryt Industries Ltd. Ashoka Manufacturing Ltd
Atomic Energy Power Corp. Avibras Industria Aeroespacial SA Bharat Dynamics Limited
China Aerospace Science & Industry Corp. Ltd. China Aerospace Science & Technology Corp. China National Nuclear Corp.
China North Industries Corp. China North Industries Group Corp. Ltd. China Nuclear Engineering & Construction Corp. Ltd.
China Poly Group Corp. Ltd. China Shipbuilding Industry Co., Ltd. Defence Industries Organization
JBJ Technologies Ltd. JMV LPS Ltd. KSB Limited
KSB SE & Co. KGaA LIG Corp. LIG Nex1 Co., Ltd.
Larsen & Toubro Limited Lockheed Martin Corporation MTAR Technologies Ltd.
Ordtech Military Industries POONGSAN HOLDINGS Corp. Pakistan Ordnance Factories
Poongsan Corp. Premier Explosives Ltd. Reshef Technologies Ltd.
Rostec Corp. SNT DYNAMICS Co., Ltd. SNT Holdings Co., Ltd.
Sandhar Technologies Limited Solar Defence & Aerospace Ltd. Solar Industries India Limited
Special Machine Building & Metallurgy PJSC State-Owned Foreign Trade Unitary Enterprise Belspetsvneshtech Synthetic Moulders Ltd.
The Day & Zimmermann Group, Inc. Walchandnagar Industries Ltd. Zen Technologies Ltd.


Thermal coal

AES Andes SA AES Argentina Generacion SA AES El Salvador Trust II
AES Espana BV AGL Energy Limited ALLETE, Inc.
Aboitiz Equity Ventures, Inc. Aboitiz Power Corp. Abu Dhabi National Energy Co. PJSC
Adani Electricity Mumbai Ltd. Adani Enterprises Limited Adani Power Limited
African Rainbow Minerals Ltd. Agritrade Resources Limited Aksa Enerji Uretim AS
Alabama Power Company Albioma SA Alliance Holdings GP LP
Alliance Resource Operating Partners LP Alliance Resource Partners LP Alliant Energy Corporation
Altius Minerals Corporation Ameren Corporation American Electric Power Company, Inc.
Anhui Hengyuan Coal Industry & Electricity Power Co., Ltd. Appalachian Power Co. Arch Resources, Inc.
Arizona Public Service Co. Atlantic Power Corporation Avista Corporation
Banpu Power Public Co. Ltd. Banpu Public Company Limited Bathurst Resources Limited
Beijing Energy Investment Holdings Ltd. Beijing Haohua Energy Resource Co., Ltd. Beijing Jingneng Power Co., Ltd.
Berkshire Hathaway Energy Co. Bisichi Plc Black Hills Corporation
Brickworks Limited Bulgarian Energy Holding EAD Bumi Investment Pte Ltd.
CESC Limited CEZ as CLP Holdings Limited
CMS Energy Corporation Can2 Termik AS Capital Power Corporation
CenterPoint Energy, Inc. China Coal Energy Company Limited China Coal Xinji Energy Co., Ltd.
China Huadian Corp., Ltd. China Huadian Overseas Development 2018 Ltd. China Huadian Overseas Development Management Co., Ltd.
China Huaneng Group Co., Ltd. China Longyuan Power Group Corp. Ltd. China Power International Development Limited
China Qinfa Group Limited China Resources Power Holdings Co., Ltd. China Shenhua Energy Company Limited
China Shenhua Overseas Capital Co., Ltd. Chubu Electric Power Co., Inc. Cleco Corporate Holdings LLC
Cloud Peak Energy Inc. Cloud Peak Energy Resources LLC Coal Energy SA
Coal India Ltd. Colbun SA Consumers Energy Company
ContourGlobal Ltd. ContourGlobal Power Holdings SA Core Natural Resources, Inc.
Coronado Finance Pty Ltd. Coronado Global Resources Inc. DMCI Holdings, Inc.
DTE Electric Co. DTE Energy Company Datang International Power Generation Co., Ltd.
Deneb Investments Ltd. Dominion Energy, Inc. Dominion Resources Capital Trust I
Dominion Resources Capital Trust III Duke Energy Carolinas LLC Duke Energy Corporation
Duke Energy Florida LLC Duke Energy Florida Project Finance LLC Duke Energy Ohio, Inc.
Dynegy Finance I, Inc. ENEA SA EP Energy as
EP Infrastructure as EPH Financing International as EWE AG
Electric Power Development Co., Ltd. Electricity Generating Public Company Limited Elion Energy Co., Ltd.
Emera Incorporated Emera US Finance LP Empresa Electrica Angamos SA
Energa Finance AB Energa SA Energeticky a prumyslovy holding as
Engie Energia Chile SA Engro Corporation Limited Entergy Arkansas LLC
Entergy Utility Affiliates LLC Entergy Utility Property, Inc. Eskom Holdings SOC Ltd.
Eterna Capital Pte Ltd. Evergy Kansas Central, Inc. Evergy, Inc.
Exxaro Resources Ltd. Feishang Anthracite Resources Limited First Pacific Company Limited
FirstEnergy Corp. Foresight Energy LLC Foresight Energy LP
Fujian Funeng Co., Ltd. GD Power Development Co., Ltd. GMR Power & Urban Infra Ltd.
GS Holdings Corp. Gansu Energy Chemical Co., Ltd. Genesis Energy Limited
Geo Energy Resources Limited Georgia Power Co. Glencore Capital Finance DAC
Glencore Finance (Canada) ltd. Glencore Finance (Europe) Ltd. Glencore Funding LLC
Glencore plc Global Power Synergy Public Company Limited Glow Energy Public Company Limited
Golden Energy and Resources Limited Guangdong Baolihua New Energy Stock Co., Ltd. Guangdong Electric Power Development Co., Ltd.
Guangdong Investment Limited Guanghui Energy Co., Ltd. Guangxi Guiguan Electric Power Co., Ltd.
Guangzhou Development Group, Inc. Guizhou Panjiang Refined Coal Co., Ltd. Gujarat Mineral Development Corporation Limited
HK Electric Investments & HK Electric Investments Ltd. Hallador Energy Company Hero Asia Investment Ltd.
Hidili Industry International Development Limited Hokkaido Electric Power Co., Inc. Hokuriku Electric Power Co.
Hopewell Holdings Ltd. Hosken Consolidated Investments Ltd. Huadian Energy Co., Ltd.
Huadian Power International Corporation Limited Huaibei Mining Holdings Co., Ltd. Huaneng Hong Kong Capital Ltd.
Huaneng Power International, Inc. Hubei Energy Group Co., Ltd. IDACORP, Inc.
IE2 Holdco SAU IPALCO Enterprises, Inc. ITOCHU ENEX CO., LTD.
Indiana Michigan Power Co. Indika Energy Capital III Pte Ltd. Indo Energy Finance BV
Indo Energy Finance II BV Indo Integrated Energy II BV Inner Mongolia Dian Tou Energy Corp. Ltd.
Inner Mongolia Junzheng Energy & Chemical Group Co., Ltd. Inner Mongolia Mengdian Huaneng Thermal Power Corp. Ltd. Inner Mongolia Yitai Coal Co., Ltd.
Inner Mongolia Yuan Xing Energy Co., Ltd. Inter RAO UES PJSC InterGen NV
Interstate Power & Light Co. Irkutskenergo JSC Israel Electric Corp. Ltd.
Izdemir Enerji Elektrik Uretim AS Izmir Demir Celik Sanayi AS JAKS Resources Berhad
JSW Energy Limited Jaiprakash Power Ventures Limited Jardine Cycle & Carriage Limited
Jastrzebska Spolka Weglowa SA Jiangsu Guoxin Corp. Ltd. Jinneng Holding Shanxi Coal Industry Co., Ltd.
Jinneng Holding Shanxi Electric Power Co,. Ltd. Jizhong Energy Resources Co., Ltd. Jointo Energy Investment Co., Ltd. Hebei
KSK Power Venture Plc Kinetic Development Group Limited Kobe Steel, Ltd.
Korea East-West Power Co., Ltd. Korea Electric Power Corp. Kuzbasskaya Toplivnaya Kompaniya PJSC
KyungDong Invest Co., Ltd. Kyushu Electric Power Co., Inc. LG&E & KU Energy LLC
LX International Corp. Listrindo Capital BV Louisville Gas & Electric Co.
Lubelski Wegiel BOGDANKA SA Lucky Cement Ltd. MC Mining Limited
MDU Resources Group, Inc. MGE Energy, Inc. Majapahit Holding BV
Malakoff Corporation Berhad Manila Electric Co. Mechel PAO
Metro Pacific Investments Corporation MidAmerican Energy Co. MidAmerican Funding LLC
Mississippi Power Co. Mitsui Matsushima Holdings Co., Ltd. Monongahela Power Co.
Murray Energy Corporation NACCO Industries, Inc. NLC India Ltd.
NTPC Limited Natural Resource Partners LP Nava Limited
New Hope Corporation Limited NiSource Inc. NorthWestern Energy Group, Inc.
Northern Electric Finance Plc Northern States Power Co. OGE Energy Corp.
Odas Elektrik Uretim Sanayi Ticaret AS Oglethorpe Power Corp. Oklahoma Gas & Electric Co.
Old ANR LLC Origin Energy Finance Ltd. Origin Energy Limited
Otter Tail Corporation PGE Polska Grupa Energetyczna SA PGE Sweden AB
PPL Capital Funding, Inc. PPL Corporation PT ABM Investama Tbk
PT Adaro Indonesia PT Alamtri Resources Indonesia Tbk PT Alfa Energi Investama Tbk
PT Astra International Tbk PT Bayan Resources Tbk PT Berau Coal Energy
PT Bukit Asam Tbk PT Bumi Resources Tbk PT Cikarang Listrindo Tbk
PT Dian Swastatika Sentosa Tbk PT Golden Eagle Energy TBK PT Golden Energy Mines Tbk
PT Harum Energy Tbk PT Indika Energy Tbk PT Indo Tambangraya Megah Tbk
PT MNC Asia Holding Tbk PT Perusahaan Listrik Negara (Persero) PT Petrindo Jaya Kreasi Tbk
PT Timah Tbk PT Trada Alam Minera Tbk PT United Tractors Tbk
PacifiCorp Park Elektrik Uretim Madencilik Sanayi ve Ticaret AS Peabody Energy Australia PCI Pty Ltd.
Peabody Energy Corporation Petmin Ltd. Petrovietnam Power Corp.
Pingdingshan Tianan Coal Mining Co., Ltd. Pinnacle West Capital Corporation Portland General Electric Company
Power Assets Holdings Limited Public Power Corp. Finance Plc Public Power Corp. SA
Public Service Company of Colorado Public Service Company of New Mexico Puget Energy, Inc.
Puget Sound Energy, Inc. RATCH Group Public Co., Ltd. RWE AG
RWE Finance US LLC RattanIndia Power Limited Refrigeration Electrical Engineering Corp.
Reliance Infrastructure Limited Reliance Power Limited Rhino Resource Partners LP
SCANA Corp. SDIC Power Holdings Co., Ltd. SGC Energy Co., Ltd.
SPIC 2016 US Dollar Bond Co. Ltd. SPIC 2018 USD Senior Perpetual Bond Co. Ltd. SPIC Industry-Finance Holdings Co., Ltd.
SPIC Luxembourg Latin America Renewable Energy Investment Co. STEAG GmbH Sadovaya Group
Sakari Resources Ltd. Salungano Group Ltd. Samruk-Energy JSC
San Miguel Corporation San Miguel Global Power Holdings Corp. Sarda Energy & Minerals Limited
Semirara Mining & Power Corp. Shaanxi Coal Industry Co., Ltd. Shaanxi Energy Investment Co., Ltd.
Shan Xi Hua Yang Group New Energy Co. Ltd. Shandong Energy Group Co., Ltd. Shanghai Datun Energy Resources Co., Ltd.
Shanghai Electric Power Co., Ltd. Shanxi Coal International Energy Group Co., Ltd. Shanxi Coking Coal Energy Group Co., Ltd.
Shanxi Lanhua Sci-Tech Venture Co., Ltd. Shanxi Lu'An Environmental Energy Development Co., Ltd. Shenergy Co., Ltd.
Shenzhen Energy Group Co., Ltd. Shikoku Electric Power Co., Inc. Sierra Pacific Power Co.
Southern Kuzbass Coal Co. PJSC Southwestern Electric Power Co. Southwestern Public Service Co.
State Power Investment Corp., Ltd. Stronghold Digital Mining, Inc. Sunpower Group Ltd.
TBEA Co., Ltd. TCC Group Holdings CO., LTD. TNB Global Ventures Capital Bhd.
TPI Polene Power Public Co., Ltd. TPI Polene Public Co. Ltd. TXNM Energy, Inc.
Talen Energy Corporation Talen Energy Supply LLC Tauron Polska Energia SA
Tenaga Nasional Berhad Tennessee Valley Authority TerraCom Limited
The AES Corporation The Chugoku Electric Power Co., Inc. The Hub Power Co. Ltd.
The Kansai Electric Power Co., Inc. The Lanna Resources Public Co., Ltd. The Okinawa Electric Power Co., Inc.
The Second Generation Co. of the Wholesale Power Market PJSC The Southern Company The Tata Power Company Limited
Thungela Resources Ltd. Tohoku Electric Power Co., Inc. Tokyo Electric Power Co. Holdings, Inc.
Top Frontier Investment Holdings, Inc. Torrent Power Limited TransAlta Corporation
Tucson Electric Power Co. Union Electric Co. Unipro PJSC
Vectren Corp. Viesgo Infraestructuras Energeticas SL Vimetco NV
Virginia Electric & Power Co. Vistra Corp. Vistra Operations Co. LLC
WEC Energy Group, Inc. WHA Utilities and Power Public Company Limited Washington H. Soul Pattinson and Company Limited
Westmoreland Coal Co. Westmoreland Resource Partners LP Whitehaven Coal Limited
Wintime Energy Group Co., Ltd. Wisconsin Electric Power Company Wisconsin Power & Light Co.
Wisconsin Public Service Corp. Wollongong Coal Limited Xcel Energy Inc.
Xinjiang Guanghui Industry Investment (Group) Co., Ltd. Yancoal Australia Ltd. Yancoal International Resources Development Co., Ltd.
Yankuang Energy Group Co., Ltd. Yankuang Group (Cayman) Ltd. Zhejiang Zheneng Electric Power Co., Ltd.
Zhengzhou Coal Industry & Electric Power Co., Ltd.


Tar sands

Athabasca Oil Corporation Baytex Energy (LP) Ltd. Baytex Energy Corp.
BlackPearl Resources, Inc. CK Hutchison Capital Securities (17) Ltd. CK Hutchison Capital Securities (Europe) Ltd.
CK Hutchison Europe Finance (18) Ltd. CK Hutchison Europe Finance (21) Ltd. CK Hutchison Finance (16) (II) Ltd.
CK Hutchison Finance (16) Ltd. CK Hutchison Group Telecom Finance SA CK Hutchison Holdings Limited
CK Hutchison International (16) Ltd. CK Hutchison International (17) II Ltd. CK Hutchison International (17) Ltd.
CK Hutchison International (19) (II) Ltd. CK Hutchison International (19) Ltd. CK Hutchison International (20) Ltd.
CK Hutchison International (21) Ltd. Canadian Natural Resources Limited Cenovus Energy Inc.
Cerro Negro Finance Ltd. Ecopetrol SA Freehold Royalties Ltd.
Harvest Operations Corp. Hutchison Whampoa Europe Finance (12) Ltd. Hutchison Whampoa Europe Finance (13) Ltd.
Hutchison Whampoa Finance (03/13) Ltd. Hutchison Whampoa Finance (05) Ltd. Hutchison Whampoa Finance (06) Ltd.
Hutchison Whampoa Finance (09) Ltd. Hutchison Whampoa Finance (14) Ltd. Hutchison Whampoa Finance (CI) Ltd.
Hutchison Whampoa Finance UK Plc Hutchison Whampoa International (03/33) Ltd. Hutchison Whampoa International (09) Ltd.
Hutchison Whampoa International (09/16) Ltd. Hutchison Whampoa International (09/19) Ltd. Hutchison Whampoa International (10) Ltd.
Hutchison Whampoa International (11) Ltd. Hutchison Whampoa International (12) Ltd. Hutchison Whampoa International (14) Ltd.
Hutchison Whampoa International 12 II Ltd. Imperial Oil Limited MEG Energy Corp.
North West Redwater Partnership, Inc. PC Financial Partnership Pengrowth Energy Corporation
Petroleos de Venezuela SA Sonoro Energy Ltd. Strata Power Corp.
Strathcona Resources Ltd. Suncor Energy Inc. Sunshine Oilsands Ltd.


Peat-fired power generation

Neova Oy


SPU (Statens Pensjon Utland)

AES Andes SA AES Corp/The AGL Energy Ltd
ALLETE Inc Aboitiz Power Corp Adani Ports and Special Economic Zone Ltd
Airbus SE Alliant Energy Corp Altria Group Inc
Ameren Corp American Electric Power Co Inc Ashtrom Group Ltd
Astra International Tbk PT Aurora Cannabis Inc AviChina Industry & Technology Co Ltd
BAE Systems Plc BWX Technologies Inc Barrick Gold Corp
Beijing Tong Ren Tang Chinese Medicine Co Ltd Bezeq The Israeli Telecommunication Corp. Ltd. Bharat Electronics Ltd
Bharat Heavy Electricals Ltd Boeing Co/The British American Tobacco Malaysia Bhd
British American Tobacco Plc CESC Ltd CEZ AS
CLP Holdings Ltd CONSOL Energy Inc Canadian Natural Resources Ltd
Canopy Growth Corp Cenovus Energy Inc Centrais Eletricas Brasileiras SA
China Coal Energy Co Ltd China Power International Development Ltd China Resources Power Holdings Co Ltd
China Shenhua Energy Co Ltd China State Construction Engineering Corp Ltd China Traditional Chinese Medicine Holdings Co Ltd
Chugoku Electric Power Co Inc/The Coal India Ltd Cognyte Software Ltd
Cronos Group Inc DMCI Holdings Inc DTE Energy Co
Danya Cebus Ltd Datang International Power Generation Co Ltd Delek Group Ltd
Duke Energy Corp Eastern Co SAE ElSewedy Electric Co
Elbit Systems Ltd Elco Ltd Electra Ltd/Israel
Electric Power Development Co Ltd Electricity Generating PCL Emera Inc
Engie Energia Chile SA Evergreen Marine Corp Taiwan Ltd Evergy Inc
Evraz PLC Exxaro Resources Ltd FirstEnergy Corp
Fluor Corp Formosa Chemicals & Fibre Corp Formosa Taffeta Co Ltd
Freeport-McMoRan Inc GAIL India Ltd GMK Norilskiy Nickel PAO
General Dynamics Corp Genting Bhd Glencore PLC
Grand Pharmaceutical Group Ltd Great River Energy Guangdong Electric Power Development Co Ltd
Gudang Garam tbk pt Gujarat Mineral Development Corp Ltd HK Electric Investments & HK Electric Investments Ltd
Halcyon Agri Corp Ltd Hanjaya Mandala Sampoerna Tbk PT Hokkaido Electric Power Co Inc
Hokuriku Electric Power Co Honeys Holdings Co Ltd Honeywell International Inc
Huabao International Holdings Ltd Huadian Energy Co Ltd Huadian Power International Corp Ltd
Huaneng Power International Inc Huntington Ingalls Industries Inc IDACORP Inc
ITC Ltd Imperial Brands Plc Imperial Oil Ltd
Inner Mongolia Yitai Coal Co Ltd JBS S/A Jacobs Solutions Inc
Japan Tobacco Inc Jardine Cycle & Carriage Ltd Jardine Matheson Holdings Ltd
KT&G Corp Korea Electric Power Corp Korea Gas Corp
Korea Line Corp L3Harris Technologies Inc Larsen & Toubro Ltd
Li Ning Co Ltd Lockheed Martin Corp Lu Thai Textile Co Ltd
Lubelski Wegiel Bogdanka SA MGE Energy Inc Malakoff Corp Bhd
Mivne Real Estate KD Ltd NHPC Ltd NRG Energy Inc
NTPC Ltd New Hope Corp Ltd Northrop Grumman Corp
Oil & Natural Gas Corp Ltd Okinawa Electric Power Co Inc/The Otter Tail Corp
PGE Polska Grupa Energetyczna SA POSCO Holdings Inc PTT Oil & Retail Business PCL
PTT PCL PacifiCorp Page Industries Ltd
Peabody Energy Corp Philip Morris Cr AS Philip Morris International Inc
Poongsan Corp Posco International Corp Power Construction Corp of China Ltd
Prosegur Cia de Seguridad SA RLX Technology Inc RWE AG
Reliance Infrastructure Ltd Reliance Power Ltd SDIC Power Holdings Co Ltd
Safran SA Sasol Ltd Scandinavian Tobacco Group A/S
Shanghai Industrial Holdings Ltd Shapir Engineering and Industry Ltd Shikoku Electric Power Co Inc
Shikun & Binui Ltd Suncor Energy Inc Ta Ann Holdings Bhd
Tata Power Co Ltd/The Tenaga Nasional Bhd Textron Inc
Tianjin Pharmaceutical Da Re Tang Group Corp Ltd Tilray Brands Inc Tong Ren Tang Technologies Co Ltd
Tri-State Generation and Transmission Association Inc Turning Point Brands Inc Universal Corp/VA
Vale SA Vector Group Ltd Vedanta Ltd
Volcan Cia Minera SAA WEC Energy Group Inc WTK Holdings Bhd
Washington H Soul Pattinson & Co Ltd Weichai Power Co Ltd Whitehaven Coal Ltd
Xcel Energy Inc Yankuang Energy Group Co Ltd Young Poong Corp
Yunnan Baiyao Group Co Ltd ZTE Corp Zijin Mining Group Co Ltd
Zuari Agro Chemicals Ltd