Funds Group: Beyond Investing
Management Company: Adviser: Beyond Investing, Sub-Advisor: Panserra Capital Management
Funds Affected: US Vegan Climate ETF
Principal Sustainable Investment Strategies: Thematic investing, enumerated environmental and social activities
Summary:
Starting with a list of approximately 500 of the largest US-listed companies, stocks are eliminated if they derive more than a de minimis proportion of their total revenue (generally less than 2%) from products and services directly related to one or more of the following concerns (referred to a Prohibited Activities):
1. Animals
• Animal testing
• Animal-derived products, animal farming, and other exploitation activities
• Animals in sport and entertainment
• Research, development, and use of genetically engineered animals
2. Planet
• Extraction or refining, or services principally related to the extraction or refining, of fossil fuels
• Burning of fossil fuels for energy production
• Other activities having a significant negative environmental impact (e.g., high carbon intensity
activities, high climate change impact, habitat destruction), unless the applicable company undertakes positive initiatives that effectively mitigate those impacts (e.g., having publicly announced and undertaken policies upon which the company provides regular reporting that enables the public to measure the degree to which the environmental impact has been reduced).
3. People
• Tobacco products
• Armaments and products specifically designed for military and defense uses
• Contributions to the abuse of human rights or lack of robust, detailed, and independently published policies covering human rights and child/forced labor.
If a company is engaged in multiple business lines, the identification of Prohibited Activities will be based on the company’s published materials, regulatory filings, websites, and product catalogues. If such additional sources do not objectively determine whether a company is engaged in Prohibited Activities, the company will be asked directly about its engagement in Prohibited Activities. Additionally, financial firms, accounting firms, and business service providers that provide services to companies excluded due to participation in Prohibited Activities are excluded if a disproportionately high portion of such service provider’s total revenue or business activities (as compared to the portion of revenue or business activities of other service providers) is from such excluded companies or if such service provider’s services are specifically targeted at companies involved in Prohibited Activities.
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