Our Board decided on 28 November 2019 to update our sustainability policy to enforce stricter criteria for tobacco and carbon exclusion. We also added exclusion of companies that produce cannabis for non-medical use.
Exclusion of tobacco companies will be implemented in all funds. Companies that produce tobacco are completely excluded while the limit for companies whose turnover derives from distribution of tobacco is 5%. We will also make the turnover limit for the extraction of thermal coal stricter by lowering it from 20% to 5%. Companies whose turnover derives from production of cannabis for non-medical use will also be completely excluded from our funds.
We will gradually implement the new criteria in our funds and related fund documents and aim to be done with this implementation phase in Q1 2020.
Past performance does not guarantee future performance. The value of investment funds and other financial instruments may rise as well as fall and there is no guarantee you will recover your original investment. Key investor information documents and prospectuses are available on www.sebgroup.lu/funds.