Exclusions that we apply include:

• All activities and sectors listed on the IFC Exclusion List
• Petroleum and other oil production activities, as well as coal mining and other activities where burning coal is the primary activity
• Any entity producing products and/or services which are generally accepted to have negative impacts on society and/or the environment e. g. armaments, tobacco, alcohol (except beer and wine), gambling, etc.
• Any entity which has demonstrated continuing and unremediated issues associated with human rights, corruption, child and/or forced labour etc.