Exclusion List

Exclusion list Pension Funds PNO Media as of 1st of August 2017

Pension fund PNO Media does not include investments in its investment portfolio whereby the fund, as an investor, would be involved with the below mentioned manufacturers of anti-personnel minescluster bombs and cluster ammunition:

  • Aselsan
  • Esterline Technologies Corp.
  • Hanwha Chemical Corp.
  • Hanwha Corporation
  • Hanwha Life Insurance Co.
  • Hanwha Techwin Co., Ltd.
  • Motovilikha Plants JSC
  • Norinco International Cooperation
  • Poonsang Corporation
  • Poonsang Holdings Corporation
  • S&T Dynamics Co. Ltd.
  • S&T Holdings Co., Ltd.
  • Textron

Pension fund PNO Media does not include investments in its investment portfolio whereby the fund, as an investor, would be involved with the below mentioned manufacturers of weapon systems of which the effects are disproportionate or of weapon systems which do not distinguish between military and civil targets, such as nuclearchemical and biological weapons:

  • AECOM Technology Corporation
  • Aerojet Rocketdyne Holdings, Inc.
  • Airbus Group
  • Areva
  • Aryt Industries Ltd
  • Ashot Ashkelon Industries Ltd
  • Babcock International
  • BAE Systems/ BAE Systems Canada
  • Boeing Corporation
  • BWX Technologies Inc.
  • CACI International
  • China Aerospace International Holdings
  • China National Nuclear Power Co., Ltd.
  • China Shipbuilding Industry Company Limited
  • China Shipbuilding Industry Group Power Co., Ltd.
  • China Spacesat
  • CNIM S.A.
  • CNNC International Limited
  • Dassault Aviation
  • Ducommun Incorporated
  • Elbit Systems
  • Fluor Corporation
  • General Dynamics Corporation
  • Guangdong Orient Zirconic Ind Sci & Tech Co.
  • Harris Corporation
  • Honeywell Int.
  • Huneed Technologies
  • Huntington Ingalls Industries
  • Jacobs Engineering
  • Kratos Defense & Security Solutions
  • L&T Finance Holdings
  • Larsen & Toubro
  • Leonardo SpA
  • Lockheed Martin Corporation
  • ManTech International Corporation
  • Norinco International Cooperation
  • Northrop Grumman Corporation
  • Oceaneering International
  • Orbital ATK, Inc.
  • Raytheon
  • Rheinmetall AG
  • Rockwell Collins Inc.
  • Rolls Royce Holdings plc
  • Safran
  • Serco Group plc
  • Singapore Technologies Engineering
  • SUFA Technology Industry Co.
  • Technofan SA
  • Thales SA
  • Walchandnagar Industries Limited

Pension fund PNO Media does not include investments in its investment portfolio whereby the fund, as an investor, would be involved with the below mentioned companies that need to respect the rights of workers as defined by the principles of International Labour Organisation (ILO):

  • Wal-Mart de Mexico SA de CV
  • Wal-Mart Stores Inc.

PNO Media does not want to invest in government bonds of states who act in breach of its fundamental departure points. Hence PNO Media has decided to exclude from investments government bonds issued by states that are subject to sanctions imposed by the United Nations Security Council.

As a pension fund for the media sector, PNO Media considers freedom of the press of paramount importance. Hence PNO Media has decided to also exclude from investments government bonds issued by states in which the freedom of the press is seriously compromised.

  • Azerbaijan
  • Bahrain
  • Burundi
  • Central African Republic
  • Cuba
  • Democratic Republic of the Congo
  • Djibouti
  • Egypt
  • Equatorial Guinea
  • Eritrea
  • Iran
  • Iraq
  • Laos
  • Libya
  • North Korea
  • People’s Republic of China
  • Saudi Arabia
  • Somalia
  • Sudan
  • Syria
  • Turkmenistan
  • Uzbekistan
  • Vietnam
  • Yemen