Recommendations for exclusion

Disclaimer

The recommendations of the SVVK-ASIR are addressed to its members. The decision on the implementation of the recommendations and the modalities of divestment are the sole responsibility of the members of the SVVK-ASIR. The SVVK-ASIR does not require collective decisions on the acquisition, holding and sale of securities and/or the exercise of voting rights. Its members are independent fiduciaries who are responsible for their own investment and voting decisions and must always act independently.

Companies
Country (HQ)
Status
APM
Cluster Munitions
Nuclear Weapons (outside of NPT)
Conduct-­based exclusions
Anhui GreatWall Military Industry Co., Ltd.
CN
public
Aryt Industries Ltd.
IL
public
AviChina Industry & Technology Company Limited
CN
public
Bharat Dynamics Ltd.
IN
public
Bolloré SE
FR
public
China Aerospace Science & Industry Group Corp.
CN
private
China Aerospace Science & Technology Group Co., Ltd.
CN
private
China CITIC Financial Asset Management Co., Ltd. (formerly China Huarong Asset Management Co Ltd)
CN
public
China Energy Engineering Corp. Ltd.
CN
public
China North Industries Corp.
CN
private
China North Industries Group Corp. Ltd.
CN
private
China Northern Rare Earth
CN
public
China Poly Group Corp. Ltd.
CN
private
China Railway Construction Corp. Ltd.
CN
public
CK Power Public Co. Ltd.
TH
public
Coal India Ltd.
IN
public
Export-Import Bank of India
IN
private
Grupa Niewiadow - PGM SA
PL
public
HDC Hyundai Development Co.
KR
public
Inner Mongolia Baotou Steel Union Co. Ltd.
CN
public
KSB Ltd.
IN
public
KSB SE & Co. KGaA
DE
public
Larsen & Toubro Ltd.
IN
public
LIG Corp.
KR
private
LIG Nex1 Co., Ltd.
KR
public
Lockheed Martin Corp.
US
public
MTAR Technologies Ltd.
IN
public
OFILM Group Co., Ltd.
CN
public
Petróleos de Venezuela S.A.
VE
private
Poongsan Corp.
KR
public
Poongsan Holdings Corp.
KR
public
Premier Explosives Ltd.
IN
public
Sandhar Technologies Ltd.
IN
public
SDIC Power Holdings Co., Ltd.
CN
public
SNT Dynamics Co., Ltd.
KR
public
SNT Holdings Co., Ltd.
KR
public
Solar Industries India Ltd.
IN
public
The Chemours Co.
US
public
Tongling Nonferrous Metals Group Co., Ltd.
CN
public
Walchandnagar Industries Ltd.
IN
public
Xinjiang Zhongtai Chemical Co., Ltd.
CN
public
Zen Technologies Ltd.
IN
public

Countries

SVVK-ASIR recommends its members to exclude sovereign debt of countries against which Switzerland has issued a comprehensive military or repression goods embargo due to a violation of international law, namely human rights.

They are listed below. For more information, please consult our guideline «Sanctions against countries ».

  • Afghanistan
  • Belarus
  • Iran
  • Libya
  • Myanmar
  • North Korea
  • Russia
  • Sudan
  • South Sudan
  • Syria
  • Venezuela
  • Zimbabwe