The indexes will not include companies:
- whose business is connected with controversial weapons, nuclear or civil weapons, tobacco, palm oil and arctic crude oil and gas
- which have net sales from coal power generation or the production of selected fossil fuels
- which are considered to violate international norms, such as the UN Global Impact principles
- which are considered to be a party to extremely serious sustainability disputes (a stricter policy will be applied to biodiversity and offences discovered in companies’ supply chains).
In addition to the exclusions above, the MSCI ESG Screened index undertakes to keep its carbon intensity 30 per cent lower than the parent index. As a result of the change, the requirements of the funds’ Article 8 will continue to be fulfilled.
The change applies to OP-World Index, OP-Europe Index, OP-America Index, OP-Asia Index and OP-Nordic Countries Index funds.