We organise a structured dialogue and set a clear objective of regularly monitoring progress. We engage in a dialogue either directly with the company or together with other investors – typically a mixture of the two. We often choose to vote at the company's annual general meeting. If the company shows no desire to change its conduct, or if it is unrealistic that this will happen, we will exclude the company from Nykredit's investments and review our decision within two years. The following companies have been excluded.
Company |
Reason |
| Ascent Resources Utica Holdings LLC / ARU Finance Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ascent Resources Utica Holdings LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| JERA Co Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Adani Energy Solutions Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Eagleridge Energy LLC | Fossil Expansion |
| Northeast Natural Energy LLC | Fossil Expansion |
| GEO Group Inc/The | Breach of International Norms |
| Samson Energy Co LLC | Fossil Expansion |
| Property Franchise Group PLC/The | Breach of Good Governance |
| Zhejiang Zheneng Electric Power Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Target Healthcare REIT PLC | Breach of Good Governance |
| BW Energy Ltd | Fossil Expansion |
| Longshore Resources Ltd | Fossil Expansion |
| CTO PCL | Tobacco Production |
| LUKOIL PJSC | Fossil Expansion and Sanctions |
| Karelia Tobacco Co Inc SA | Tobacco Production |
| DMCI Holdings Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Meren Energy Inc | Fossil Expansion |
| Alicorp SAA | Breach of Good Governance |
| Union Investment Corp PLC | Tobacco Production |
| Union Tobacco & Cigarette Industries Co | Tobacco Production |
| SDIC Power Holdings Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hikari Tsushin Inc | Breach of Good Governance |
| DTE Energy Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Portland General Electric Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| PTT PCL | Fossil Expansion |
| Duke Energy Indiana LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Sierra Pacific Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Evolution Petroleum Corp | Fossil Expansion |
| Tatneft PJSC | Fossil Expansion and Sanctions |
| Shanghai Industrial Holdings Ltd | Tobacco Production |
| State of Kuwait | Democracy and Human Rights |
| Kuwait Government Bond | Democracy and Human Rights |
| Kuwait International Government Bond | Democracy and Human Rights |
| Kuwait Ministry of Finance | Democracy and Human Rights |
| Kingdom of Saudi Arabia Ministry of Finance | Democracy and Human Rights |
| Saudi Arabia Government Floating Rate Murabaha | Democracy and Human Rights |
| Saudi Arabia Government Floating Rate Note | Democracy and Human Rights |
| Saudi Arabia Government Development Murabaha | Democracy and Human Rights |
| Saudi Arabia Government Development Bond | Democracy and Human Rights |
| Saudi Government International Bond | Democracy and Human Rights |
| Kingdom of Saudi Arabia | Democracy and Human Rights |
| Saudi Government Sukuk | Democracy and Human Rights |
| PPL Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hisense Home Appliances Group Co Ltd | Breach of International Norms |
| Central Bank of Russia OBRs | Democracy and Human Rights |
| Central Bank of the Russian Federation Bond | Democracy and Human Rights |
| Russian Federal Inflation Linked Bond | Democracy and Human Rights |
| Russian Foreign Bond - Eurobond | Democracy and Human Rights |
| Central Bank of the Russian Federation/The | Democracy and Human Rights |
| Russian Federal Bond - OFZ | Democracy and Human Rights |
| BAT Capital Corp | Tobacco Production |
| CEZ AS | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Calpine LLC | Breach of Good Governance |
| NextEra Energy Capital Holdings Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Mohegan Tribal Gaming Authority | Breach of Good Governance |
| Mohegan Tribal Gaming Authority / MS Digital Entertainment Holdings LLC | Breach of Good Governance |
| Oglethorpe Power Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Indian Railway Finance Corp Ltd | Breach of Good Governance |
| Urban One Inc | Breach of Good Governance |
| HighPeak Energy Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Wildfire Energy I LLC | Fossil Expansion |
| Fundare Resources Co Holdco LLC | Fossil Expansion |
| Jonah Energy South Texas LLC | Fossil Expansion |
| Almunajem Foods Co | Breach of Good Governance |
| East Pipes Integrated Co for Industry | Breach of Good Governance |
| Melbana Energy Ltd | Fossil Expansion |
| Japan Lifeline Co Ltd | Breach of Good Governance |
| Conrad Asia Energy Ltd | Fossil Expansion |
| Saudi Manpower Solutions Co | Breach of Good Governance |
| Vitesse Energy Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Bison Oil & Gas IV LLC | Fossil Expansion |
| Phoenix Energy One LLC | Fossil Expansion |
| Vmed O2 UK Ltd | Breach of Good Governance |
| LS Materials Ltd | Breach of Good Governance |
| APA Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Jadestone Energy PLC | Fossil Expansion |
| China National Petroleum Corp | Fossil Expansion |
| Albioma SAS | Fossil Expansion |
| Energy Development Oman | Fossil Expansion |
| Nishi-Nippon Financial Holdings Inc | Breach of Good Governance |
| Texas Pacific Land Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| DJR Energy LLC | Fossil Expansion |
| Vista Energy SAB de CV | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tamar Petroleum Ltd | Fossil Expansion |
| GENDA INC | Breach of Good Governance |
| Ovintiv Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Rush Street Interactive Inc | Breach of Good Governance |
| Rebellion Energy II LLC | Fossil Expansion |
| AEON Financial Service Co Ltd | Breach of Good Governance |
| Louisville Gas and Electric Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| EDION Corp | Breach of Good Governance |
| China National Offshore Oil Corp | Fossil Expansion |
| Amplitude Energy Ltd | Fossil Expansion |
| Bashneft PJSC | Fossil Expansion |
| Arata Corp | Breach of Good Governance |
| Korea Midland Power Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Apache Corp | Fossil Expansion |
| Appalachian Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Arizona Public Service Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Aryt Industries Ltd | Unconventional Weapons |
| Tecpetrol SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ashot -Ashkelon Industries Ltd | Breach of International Norms |
| Emera Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Gulfport Energy Operating Corp | Fossil Expansion |
| Comstock Resources Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Consumers Energy Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| CoreCivic Inc | Breach of International Norms |
| Oklahoma Gas and Electric Co | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Otter Tail Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| PacifiCorp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Serica Energy PLC | Fossil Expansion |
| Obsidian Energy Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hosken Consolidated Investments Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Indiana Michigan Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Interstate Power and Light Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| IPALCO Enterprises Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Evergy Kansas Central Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Kentucky Utilities Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Leon s Furniture Ltd | Breach of Good Governance |
| Range Resources Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| MGE Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Magic Software Enterprises Ltd | Breach of Good Governance |
| SM Energy Co | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Expand Energy Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Harbour Energy PLC | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| PrimeEnergy Resources Corp | Fossil Expansion |
| Public Service Co of Colorado | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Puget Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Larsen & Toubro Ltd | Unconventional Weapons |
| LX INTERNATIONAL CORP | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| EXCO Resources Inc | Fossil Expansion |
| Sanrio Co Ltd | Breach of Good Governance |
| Sharjah Islamic Bank | Breach of Good Governance |
| Galp Energia | Fossil Expansion |
| Galp Energia SGPS SA | Fossil Expansion |
| Battalion Oil Corp | Fossil Expansion |
| Karoon Energy Ltd | Fossil Expansion |
| Energi Mega Persada Tbk PT | Fossil Expansion |
| Puget Sound Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Phoenix Global Resources Ltd | Fossil Expansion |
| Abu Dhabi National Oil Co | Fossil Expansion |
| Saudi Arabian Oil Co | Fossil Expansion |
| Asahi Mutual Life Insurance Co | Breach of Good Governance |
| Sinochem Group Co Ltd | Fossil Expansion |
| Korea East-West Power Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Oil & Gas Development Co Ltd | Fossil Expansion |
| Mechel PJSC | Fossil Expansion |
| RAK Ceramics PJSC/Private | Breach of Good Governance |
| Ras Al Khaimah Ceramics PJSC | Breach of Good Governance |
| SP PowerAssets Ltd | Breach of Good Governance |
| Evergy Metro Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| China Resources Power Holdings Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Japan Petroleum Exploration Co Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| British American Tobacco Uganda Ltd | Tobacco Production |
| Saturn Oil & Gas Inc | Fossil Expansion |
| China North Industries Corp Ltd | Unconventional Weapons and Fossil Expansion |
| Great River Energy | Breach of Good Governance and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| LIG Defense&Aerospace Co Ltd | Unconventional Weapons |
| Cosmos Pharmaceutical Corp | Breach of Good Governance |
| China Resources Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| RJ Reynolds Tobacco Co/NC | Tobacco Production |
| Pakistan Petroleum Ltd | Fossil Expansion |
| Kuwait Real Estate Co KSC | Breach of Good Governance |
| Baytex Energy Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Daiichikosho Co Ltd | Breach of Good Governance |
| Federal Home Loan Bank Discount Notes | Breach of Good Governance |
| Federal Home Loan Banks | Breach of Good Governance |
| Federal Home Loan Bank Coupon Strips | Breach of Good Governance |
| Federal Home Loan Bank Principal Strips | Breach of Good Governance |
| Federal Home Loan Mortgage Corp | Breach of Good Governance |
| NTC Industries Ltd | Tobacco Production |
| Eastern Co SAE | Breach of Good Governance and Tobacco Production |
| MOL Hungarian Oil & Gas PLC | Fossil Expansion |
| Inner Mongolia ERDOS Resources Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| North Industries Group Investment Management Co Ltd | Unconventional Weapons |
| Petro-Hunt LLC | Fossil Expansion |
| Dow Inc | Fossil Expansion |
| Longfellow Energy LP | Fossil Expansion |
| China ZhenHua Oil Co Ltd | Fossil Expansion |
| Vnesheconombank Via VEB Finance PLC | Sanctions |
| VEB Finance PLC | Sanctions |
| OFILM Group Co Ltd | Breach of International Norms |
| A1 Group Inc | Tobacco Production |
| Tecpetrol Internacional SL | Fossil Expansion |
| PRIO SA/Brazil | Fossil Expansion |
| Athabasca Oil Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Knowledge Economic City Co | Breach of Good Governance |
| Impact Exploration and Production LLC | Fossil Expansion |
| Capital Power Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Al-Dawaa Medical Services Co | Breach of Good Governance |
| Southwestern Electric Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Yantai Jereh Oilfield Services Group Co Ltd | Fossil Expansion |
| Beijing Haohua Energy Resource Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Uzbekneftegaz JSC | Fossil Expansion |
| Yancoal Australia Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| ENEOS Holdings Inc | Fossil Expansion |
| US Energy Development Corp | Fossil Expansion |
| Bedrock Energy Partners LLC | Fossil Expansion |
| Elevation Resources LLC | Fossil Expansion |
| Korea National Oil Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Turning Point Brands Inc | Tobacco Production |
| China Petrochemical Corp | Fossil Expansion |
| Petroliam Nasional Bhd | Fossil Expansion |
| State Power Investment Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Vedanta Resources Ltd | Fossil Expansion |
| Perusahaan Gas Negara Persero Tbk PT | Fossil Expansion |
| Zijin Mining Group Co Ltd | Breach of International Norms |
| Rosneft Oil Co PJSC | Fossil Expansion and Sanctions |
| Avibras Industria Aeroespacial SA | Unconventional Weapons |
| LTM Ltd | Unconventional Weapons |
| Crawley Petroleum Corp | Fossil Expansion |
| Mesaieed Petrochemical Holding Co | Breach of Good Governance |
| Grupo Lala SAB de CV | Breach of Good Governance |
| Vitol Holding II SA | Fossil Expansion |
| HK Electric Investments & HK Electric Investments Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Saka Energi Indonesia PT | Fossil Expansion |
| Antero Resources Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Anhui Yingjiagongjiu Co Ltd | Breach of Good Governance |
| Energia Group Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Petrolia Norway AS | Fossil Expansion |
| Chaozhou Three-Circle Group Co Ltd | Breach of Good Governance |
| Fyolo Technology Corp | Tobacco Production |
| Nava Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Texas American Resources LLC | Fossil Expansion |
| Central Bank of Myanmar | Democracy and Human Rights |
| OCP SA | Breach of International Norms |
| Anhui Great Wall Military Industry Co Ltd | Unconventional Weapons |
| INEOS Group Holdings SA | Breach of Good Governance |
| Ozon Holdings PLC | Sanctions |
| Diamondback Energy Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Slawson Exploration Co Inc | Fossil Expansion |
| Foundation Energy Management LLC | Fossil Expansion |
| Pluspetrol Resources Corp SA | Fossil Expansion |
| Seojin System Co Ltd | Breach of Good Governance |
| Vital Energy Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shaanxi Coal Industry Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Northern Region Cement Co | Breach of Good Governance |
| People & Technology Inc | Breach of Good Governance |
| Kunlun Tech Co Ltd | Breach of Good Governance |
| Kinetic Development Group Ltd | Tobacco Production and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hancock Prospecting Pty Ltd | Fossil Expansion |
| TAQA Morocco SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Star Petroleum Refining PCL | Breach of Good Governance |
| Elbit Systems Ltd | Breach of International Norms |
| Eneva SA | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Finley Resources Inc | Fossil Expansion |
| OQ SAOC | Fossil Expansion |
| Ajman Bank PJSC | Breach of Good Governance |
| Inpex Idemitsu Norge AS | Fossil Expansion |
| Aldrees Petroleum and Transport Services Co | Breach of Good Governance |
| Pantheon Resources PLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Saras SpA | Fossil Expansion |
| Geopark Ltd | Fossil Expansion |
| Emlak Konut Gayrimenkul Yatirim Ortakligi AS | Breach of Good Governance |
| Saudi Paper Manufacturing Co | Breach of Good Governance |
| Guangzhou Development District Holding Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Pingdingshan Tianan Coal Mining Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Meyer Burger Technology AG | Breach of Good Governance |
| Badeco Adria JSC Sarajevo | Tobacco Production |
| Sakai Moving Service Co Ltd | Breach of Good Governance |
| OGK-2 PJSC | Fossil Expansion |
| Huafon Chemical Co Ltd | Breach of Good Governance |
| Geo-Jade Petroleum Corp | Fossil Expansion |
| Shanxi Lu an Environmental Energy Development Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| 22nd Century Group Inc | Tobacco Production |
| NTPC Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| NLC India Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| BWX Technologies Inc | Unconventional Weapons |
| Pan Pacific International Holdings Corp | Breach of Good Governance |
| Rami Levy Chain Stores Hashikma Marketing 2006 Ltd | Breach of Good Governance |
| Basin Electric Power Cooperative | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| LLOG Exploration Co LLC | Fossil Expansion |
| Ai Holdings Corp | Breach of Good Governance |
| Ngan Son JSC | Tobacco Production |
| China Power International Development Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Metaplanet Inc | Breach of Good Governance |
| Novatek PJSC | Fossil Expansion and Sanctions |
| Petroleos del Peru SA | Breach of International Norms and Fossil Expansion |
| Sumitomo Life Insurance Co | Breach of Good Governance |
| Philip Morris International Inc | Tobacco Production |
| Philip Morris Operations AD Nis | Tobacco Production |
| Tanzania Cigarette Co Ltd | Tobacco Production |
| Strike Energy Ltd | Fossil Expansion |
| Konoike Transport Co Ltd | Breach of Good Governance |
| GS Holdings Corp | Fossil Expansion |
| T&D Holdings Inc | Breach of Good Governance |
| Hunt Oil Co | Fossil Expansion |
| Tucson Electric Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Chisholm Oil & Gas Operating LLC | Fossil Expansion |
| Str Sub Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| GD Power Development Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ichitan Group PCL | Breach of Good Governance |
| Navitas Petroleum LP | Fossil Expansion |
| Waaree Renewable Technologies Ltd | Breach of Good Governance |
| City Cement Co | Breach of Good Governance |
| Sinopec Engineering Group Co Ltd | Fossil Expansion |
| One Tech Holding | Breach of Good Governance |
| AAG Energy Holdings Ltd | Fossil Expansion |
| SanBio Co Ltd | Breach of Good Governance |
| MBB SE | Breach of Good Governance |
| Cygnet Energy Ltd | Fossil Expansion |
| Snyder Brothers Inc | Fossil Expansion |
| Core Natural Resources Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| PennEnergy Resources LLC | Fossil Expansion |
| Summit Petroleum LLC | Fossil Expansion |
| Red Willow Production LLC | Fossil Expansion |
| Murchison Oil and Gas Inc | Fossil Expansion |
| Pan Capital Management LP | Fossil Expansion |
| Vistra Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| ABLBio Inc | Breach of Good Governance |
| San Isidro Development Co LC | Fossil Expansion |
| Ping Petroleum UK Plc | Fossil Expansion |
| UpCurve Energy LLC | Fossil Expansion |
| Travaux Generaux de Construction de Casablanca SA | Breach of Good Governance |
| Blackbeard Operating LLC | Fossil Expansion |
| Canadian Natural Resources Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tundra Oil & Gas Ltd | Fossil Expansion |
| Black Swan Oil & Gas LLC | Fossil Expansion |
| Cover Corp | Breach of Good Governance |
| BKV Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ikav Energy Inc | Fossil Expansion |
| RLX Technology Inc | Tobacco Production |
| Ennostar Inc | Breach of Good Governance |
| Source Energy AS | Fossil Expansion |
| Rainbow Robotics | Breach of Good Governance |
| Daishi Hokuetsu Financial Group Inc | Breach of Good Governance |
| China Longyuan Power Group Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Mezzan Holding Co KSCC | Breach of Good Governance |
| Hithink RoyalFlush Information Network Co Ltd | Breach of Good Governance |
| Energa SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| MidAmerican Energy Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Alaseel Co | Breach of Good Governance |
| Ballard Petroleum Holdings LLC | Fossil Expansion |
| Terracom Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| AlKhorayef Water & Power Technologies Co | Breach of Good Governance |
| PharmaResearch Co Ltd | Breach of Good Governance |
| INK-Capital JSC | Fossil Expansion |
| San Miguel Global Power Holdings Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Inner Mongolia North Heavy Industries Group Corp Ltd | Unconventional Weapons |
| Kuang-Chi Technologies Co Ltd | Breach of Good Governance |
| Talen Energy Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Nostrum Oil & Gas PLC | Fossil Expansion |
| Tribune Resources LLC | Fossil Expansion |
| California Resources Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| KOMEDA Holdings Co Ltd | Breach of Good Governance |
| Logan Energy Corp/CA | Fossil Expansion |
| Hibiscus Petroleum Bhd | Fossil Expansion |
| Beijing Enlight Media Co Ltd | Breach of Good Governance |
| Alamar Foods | Breach of Good Governance |
| China National Nuclear Power Co Ltd | Fossil Expansion |
| North Lingyun Industrial Group Co Ltd | Unconventional Weapons |
| Tajikistan Treasury Notes | Democracy and Human Rights |
| Republic of Tajikistan International Bond | Democracy and Human Rights |
| Republic of Tajikistan | Democracy and Human Rights |
| State Oil Co of the Azerbaijan Republic | Fossil Expansion |
| China Coal Energy Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Keppel Infrastructure Trust | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| eGuarantee Inc | Breach of Good Governance |
| Dar Al Arkan Real Estate Development Co | Breach of Good Governance |
| Ring Energy Inc | Fossil Expansion |
| Dian Swastatika Sentosa Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Var Energi ASA | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| IFA Hotels & Resorts-KPSC | Breach of Good Governance |
| Japan Expressway Holding and Debt Repayment Agency | Breach of Good Governance |
| Japan Highway Public Corp | Breach of Good Governance |
| Tsuruha Holdings Inc | Breach of Good Governance |
| GMR Airports Ltd | Fossil Expansion |
| Transmissora Alianca de Energia Eletrica S/A | Breach of Good Governance |
| AGL Energy Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Emaar Economic City | Breach of Good Governance |
| Vital Energy Inc/ Canada | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Pacific Energy Corp Ltd | Fossil Expansion |
| Tauron Polska Energia SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Isramco Negev 2 LP | Fossil Expansion |
| China North Industries Group Corp Ltd | Unconventional Weapons and Fossil Expansion |
| Whitehaven Coal Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shaanxi Yanchang Petroleum Group Co Ltd | Fossil Expansion |
| Coal India Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Doutor Nichires Holdings Co Ltd | Breach of Good Governance |
| MatsukiyoCocokara & Co | Breach of Good Governance |
| Aker BP ASA | Fossil Expansion |
| Franco-Nevada Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Franco-Nevada/Canada | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Jabal Omar Development Co | Breach of Good Governance |
| Shandong Xinchao Energy Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| GCL Technology Holdings Ltd | Breach of International Norms |
| Freehold Royalties Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Cikarang Listrindo Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hanwha Aerospace Co Ltd | Unconventional Weapons |
| MTY Food Group Inc | Breach of Good Governance |
| Nova Scotia Power Finance Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Nova Scotia Power Inc Coupon Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Nova Scotia Power Inc Principal Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Nova Scotia Power Inc Package Bonds | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Nova Scotia Power Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Nova Scotia Power Finance Corp Coupon Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Gazprombank JSC | Sanctions |
| Alliance Resource Partners LP | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shanxi Coking Coal Energy Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Central Automotive Products Ltd | Breach of Good Governance |
| Chubu Electric Power Co Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| 88 Energy Ltd | Fossil Expansion |
| Belluna Co Ltd | Breach of Good Governance |
| Transneft PJSC | Sanctions |
| Precise Biometrics AB | Breach of Good Governance |
| SNT Holdings Co Ltd | Unconventional Weapons |
| Chugoku Electric Power Co Inc/The | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| PALTAC Corp | Breach of Good Governance |
| Petroleo Brasileiro SA - Petrobras | Fossil Expansion |
| Poongsan Holdings Corp | Unconventional Weapons |
| Sinopec Guangzhou Petrochemical Co | Fossil Expansion |
| Sinopec Zhenhai Refining & Chemical Co | Fossil Expansion |
| Southwestern Public Service Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Eo Technics Co Ltd | Breach of Good Governance |
| Itochu Enex Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| ABC-Mart Inc | Breach of Good Governance |
| Daiwa Industries Ltd | Breach of Good Governance |
| China Petroleum & Chemical Corp | Fossil Expansion |
| Saudi Chemical Co Holding | Breach of Good Governance |
| Tokyo Steel Manufacturing Co Ltd | Breach of Good Governance |
| Topre Corp | Breach of Good Governance |
| Charlie s Holdings Inc | Tobacco Production |
| Juventus Football Club SpA | Breach of Good Governance |
| Yangzijiang Financial Holding Ltd | Breach of Good Governance |
| Pazardjik Balgarski Targovski Menidjment AD | Tobacco Production |
| Semirara Mining & Power Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| SAL Saudi Logistics Services | Breach of Good Governance |
| Assemblin Caverion Group AB | Breach of Good Governance |
| Net Power Inc | Breach of Good Governance |
| Gujarat Mineral Development Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Kiwetinohk Energy Corp | Fossil Expansion |
| HWN Energy Ltd | Fossil Expansion |
| 1920 Energy LLC | Fossil Expansion |
| Kansai Electric Power Co Inc/The | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Keyence Corp | Breach of Good Governance |
| Kiyo Bank Ltd/The | Breach of Good Governance |
| Kobe Steel Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Komeri Co Ltd | Breach of Good Governance |
| PetroChina Co Ltd | Fossil Expansion |
| China National Petroleum Corp Xinjiang Oilfield Branch | Fossil Expansion |
| Tata Sons Pvt Ltd | Unconventional Weapons |
| QazaqGaz NC JSC | Fossil Expansion |
| Kyushu Electric Power Co Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Max Co Ltd | Breach of Good Governance |
| Mitani Sekisan Co Ltd | Breach of Good Governance |
| Mitsubishi Corp | Fossil Expansion |
| Shiga Bank Ltd/The | Breach of Good Governance |
| Shiga Bank Ltd/Hong Kong | Breach of Good Governance |
| Shikoku Electric Power Co Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shimamura Co Ltd | Breach of Good Governance |
| CNOOC Ltd | Fossil Expansion |
| Birchcliff Energy Ltd | Breach of Good Governance, Fossil Expansion, and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Okinawa Electric Power Co Inc/The | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shinagawa Refra Co Ltd | Breach of Good Governance |
| Shochiku Co Ltd | Breach of Good Governance |
| Jerusalem Cigarette Co Ltd | Tobacco Production |
| Sumitomo Corp | Fossil Expansion |
| Nicotiana-BT Holding PLC | Tobacco Production |
| Nikotiana BT Holding AD Sofia | Tobacco Production |
| Sila Holding AD | Tobacco Production |
| Tamarack Valley Energy Ltd | Fossil Expansion |
| Imperatorskiy Tulskiy Oruzheniyy Zavod PAO | Sanctions |
| DTE Electric Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Devon Energy Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Consolidated Natural Gas Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Dominion Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Duke Energy Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Duke Capital Partners LLC/Houston | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Bonterra Energy Corp | Fossil Expansion |
| Zhongxing Tianheng Energy Technology Beijing Co Ltd | Fossil Expansion |
| Dominion Energy South Carolina Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Southern Co/The | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Chevron Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Exxon Mobil Corp | Fossil Expansion |
| AES Corp/The | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Alabama Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hess Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| American Electric Power Co Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Sojitz Corp | Fossil Expansion |
| Fawry for Banking & Payment Technology Services SAE | Breach of Good Governance |
| Changzhou Xingyu Automotive Lighting Systems Co Ltd | Breach of Good Governance |
| Carthage Cement | Breach of Good Governance |
| SGH Ltd | Fossil Expansion |
| Jiangsu Yoke Technology Co Ltd | Breach of Good Governance |
| Wuhan Guide Infrared Co Ltd | Breach of Good Governance |
| Westshore Terminals Investment Corp | Breach of Good Governance |
| Saizeriya Co Ltd | Breach of Good Governance |
| Ingenic Semiconductor Co Ltd | Breach of Good Governance |
| Sino GeoPhysical Co Ltd | Fossil Expansion |
| Middle East Pharmaceutical Co | Breach of Good Governance |
| Concedo AS | Fossil Expansion |
| Mezzion Pharma Co Ltd | Breach of Good Governance |
| Amplify Energy Corp | Fossil Expansion |
| Lime Petroleum AS | Fossil Expansion |
| Lime Petroleum Holding AS | Fossil Expansion |
| SEPLAT Energy PLC | Fossil Expansion |
| Caza Petroleum LLC | Fossil Expansion |
| Al Hammadi Holding | Breach of Good Governance |
| Petro-Victory Energy Corp | Fossil Expansion |
| BAT Netherlands Finance BV | Tobacco Production |
| Petrus Resources Ltd | Fossil Expansion |
| Wellesley Petroleum AS | Fossil Expansion |
| Perenco Petroleum Ltd | Fossil Expansion |
| Newfold Digital Holdings Group Inc | Breach of Good Governance |
| Sequitur Energy Resources LLC | Fossil Expansion |
| 1876 Resources LLC | Fossil Expansion |
| JT International Financial Services BV | Tobacco Production |
| Spartan Delta Corp | Fossil Expansion |
| Ageron Energy LLC | Fossil Expansion |
| Hibernia Energy IV LLC | Fossil Expansion |
| We Buy Cars Holdings Ltd | Breach of Good Governance |
| Altria Group Inc | Tobacco Production |
| Archer Exploration Corp/AB | Fossil Expansion |
| VTX Energy Partners LLC | Fossil Expansion |
| Asberry 22 Holdings Inc | Tobacco Production |
| Flywheel Energy II LLC | Fossil Expansion |
| Uniti Group Inc | Breach of Good Governance |
| Rasan Information Technology Co | Breach of Good Governance |
| British American Tobacco PLC | Tobacco Production |
| CILCORP Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ameren Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Landbridge Co LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Al Majed for Oud Co | Breach of Good Governance |
| Greylock Energy LLC | Fossil Expansion |
| FirstEnergy Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Pennsylvania Electric Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ithaca Energy PLC | Fossil Expansion |
| Supreme PLC | Tobacco Production |
| Triple Crown Resources LLC | Fossil Expansion |
| Beacon Offshore Energy Development LLC | Fossil Expansion |
| Magnolia Oil & Gas Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| PRS REIT Plc/The | Breach of Good Governance |
| Inner Mongolia Yitai Coal Co Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Selcuk Ecza Deposu Ticaret ve Sanayi A.S. | Breach of Good Governance |
| Suncor Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Suncor Energy Inc Coupon Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Suncor Energy Inc Principal Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Al Moammar Information Systems Co | Breach of Good Governance |
| Obara Group Inc | Breach of Good Governance |
| Peabody Energy Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Murphy Oil Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| National Fuel Gas Co | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shinnihon Corp | Breach of Good Governance |
| Siam City Cement PCL | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Senshu Electric Co Ltd | Breach of Good Governance |
| Aksa Akrilik Kimya Sanayii AS | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| African Rainbow Minerals Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Eskom Holdings | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hogy Medical Co Ltd | Breach of Good Governance |
| Pampa Energia SA | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| YPF SA | Fossil Expansion |
| Equital Ltd | Breach of Good Governance |
| Khyber Tobacco Co Ltd | Tobacco Production |
| Pakistan Tobacco Co Ltd | Tobacco Production |
| Bentoel Internasional Investama Tbk PT | Tobacco Production |
| Japan Tobacco Inc | Tobacco Production |
| Shenergy Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| EBN BV | Fossil Expansion |
| Adani Enterprises Ltd | Breach of Good Governance and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Adani Green Technology Ltd | Breach of Good Governance and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| TCC Group Holdings Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tata Power Co Ltd/The | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| SNT Dynamics Co Ltd | Unconventional Weapons |
| National Presto Industries Inc | Unconventional Weapons |
| Shenzhen Energy Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Bharat Petroleum Corp Ltd | Fossil Expansion |
| Santos Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Mobil Corp | Fossil Expansion |
| Lockheed Martin Corp | Breach of International Norms |
| Lockheed Martin Corp/Saint Louis MO | Breach of International Norms |
| Occidental Petroleum Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| ConocoPhillips | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Energiekontor AG | Breach of Good Governance |
| Guanghui Energy Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Dubai Investments PJSC | Breach of Good Governance |
| Megachips Corp | Breach of Good Governance |
| Huadian International Shiliquan Power Plant | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Huadian Power International Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Chubu Electric Power Co Inc/London | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Electricity Generating PCL | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Sundrug Co Ltd | Breach of Good Governance |
| Mari Energies Ltd | Fossil Expansion |
| Orient Corp | Breach of Good Governance |
| Osaka Gas Co Ltd | Fossil Expansion |
| Nifco Inc/Japan | Breach of Good Governance |
| Posco International Corp | Fossil Expansion |
| Kura Sushi Inc | Breach of Good Governance |
| Suruga Bank Ltd | Breach of Good Governance |
| Taihei Dengyo Kaisha Ltd | Breach of Good Governance |
| Talen Energy Supply LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tohoku Electric Power Co Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Aeon Mall Co Ltd | Breach of Good Governance |
| United Arab Emirates | Democracy and Human Rights |
| UAE International Government Bond | Democracy and Human Rights |
| UAE Government Bond | Democracy and Human Rights |
| Duke Energy Progress LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| China Energy Investment Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Jubilee Metals Group PLC | Breach of Good Governance |
| Halows Co Ltd | Breach of Good Governance |
| Press Corp Plc | Tobacco Production |
| Sun Corp | Breach of Good Governance |
| Newmed Energy LP | Fossil Expansion |
| Belc Co Ltd | Breach of Good Governance |
| LT Group Inc | Tobacco Production |
| Bukit Asam Persero Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| CIMIC Group Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| SK Inc | Fossil Expansion |
| FW Thorpe PLC | Breach of Good Governance |
| Udachny GOK | Fossil Expansion |
| Alrosa PJSC | Fossil Expansion |
| ORLEN SA | Fossil Expansion |
| Tullow Oil PLC | Fossil Expansion |
| Crescent Energy Co | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| HPSP Co Ltd | Breach of Good Governance |
| Smoore International Holdings Ltd | Tobacco Production |
| STG Global Finance BV | Tobacco Production |
| Brava Energia | Fossil Expansion |
| SHIFT UP Corp | Breach of Good Governance |
| Fonix PLC | Breach of Good Governance |
| HLB Inc | Breach of Good Governance |
| PSK Holdings Inc | Breach of Good Governance |
| Revolution Resources LLC | Fossil Expansion |
| Jadwa REIT Saudi Fund | Breach of Good Governance |
| Midwestern Oil & Gas Co Ltd | Fossil Expansion |
| Barrick Mining Corp | Breach of International Norms |
| Entergy Arkansas LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Entergy Mississippi LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| North Silo Resources LLC | Fossil Expansion |
| Heritage Petroleum Co Ltd | Breach of Good Governance |
| Gulfport Energy Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Vermilion Energy Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Pyxus Holdings Inc | Tobacco Production |
| Old Holdco Inc | Tobacco Production |
| Pyxus International Inc | Tobacco Production |
| Petroleum Sarawak Exploration & Production Sdn Bhd | Fossil Expansion |
| Thungela Resources Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| GMR Power and Urban Infra Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Validus Energy II Midcon LLC | Fossil Expansion |
| Tourmaline Oil Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Nippon Life Insurance Co London Representative Office | Breach of Good Governance |
| Ontario Power Generation Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Inner Mongolia Dian Tou Energy Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| OGE Energy Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Killam Oil Co Ltd | Fossil Expansion |
| TBEA Co Ltd | Breach of International Norms and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Mader Group Ltd | Breach of Good Governance |
| Burke & Herbert Financial Services Corp | Breach of Good Governance |
| Sam Chun Dang Pharm Co Ltd | Breach of Good Governance |
| United Tractors Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Douzone Bizon Co Ltd | Breach of Good Governance |
| Philip Morris CR AS | Tobacco Production |
| Wisconsin Power and Light Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Cia General de Combustibles SA | Fossil Expansion |
| Walchandnagar Industries Ltd | Unconventional Weapons |
| Nagawa Co Ltd | Breach of Good Governance |
| Engie Energia Chile SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Pinnacle West Capital Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| AES Andes SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Valor Holdings Co Ltd | Breach of Good Governance |
| Petroleos Mexicanos | Breach of International Norms and Fossil Expansion |
| Huaneng Power International Nantong Power Plant | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| BEML Ltd | Unconventional Weapons |
| Union Electric Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| RTX Corp | Breach of International Norms |
| Universal Corp/VA | Tobacco Production |
| Universal Health Services Inc | Breach of International Norms |
| VAALCO Energy Inc | Breach of International Norms |
| Virginia Electric and Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Alliant Energy Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Williams Cos Inc/The | Fossil Expansion |
| Wisconsin Electric Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| WEC Energy Group Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Wisconsin Public Service Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Axia Energia SA | Fossil Expansion |
| Furnas-Centrais Eletricas SA | Fossil Expansion |
| Black Hills Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Mallon Oil Co Sucursal Costa Rica | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Vector Group Ltd | Tobacco Production |
| CMS Energy Corp | Fossil Expansion |
| Coterra Energy Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Berkshire Hathaway Energy Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Monongahela Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| JNTC Co Ltd | Breach of Good Governance |
| GAIL India Ltd | Fossil Expansion |
| Legacy Reserves Inc | Fossil Expansion |
| Paramount Resources Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Verdun Oil Co II LLC | Fossil Expansion |
| APR Operating LLC | Fossil Expansion |
| MDU Resources Group Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| China Spacesat Co Ltd | Unconventional Weapons |
| Pioneer Natural Resources Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| MSU Energy SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Antelopus Energy Pvt Ltd | Fossil Expansion |
| Diversified Energy Co | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Livewest Homes Ltd | Breach of Good Governance |
| Anycolor Inc | Breach of Good Governance |
| Qatar Aluminum Manufacturing Co | Breach of Good Governance |
| Topaz Energy Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Indonesian Tobacco Tbk PT | Tobacco Production |
| Ataa Educational Co | Breach of Good Governance |
| AlSaif Stores For Development & Investment Co | Breach of Good Governance |
| Kistos Holdings PLC | Fossil Expansion |
| Hannathon Petroleum II LLC | Fossil Expansion |
| North Atlantic Trading Co Inc | Tobacco Production |
| ILX Holdings III LLC | Fossil Expansion |
| Taesung Co Ltd | Breach of Good Governance |
| HK Electric Investments Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Artis Exploration Ltd | Fossil Expansion |
| Silicon2 Co Ltd | Breach of Good Governance |
| Medley Inc | Breach of Good Governance |
| Aspenleaf Energy Ltd/Calgary | Fossil Expansion |
| Bayswater Exploration & Production LLC | Fossil Expansion |
| Healthier Choices Management Corp | Tobacco Production |
| Xinjiang Xintai Natural Gas Co Ltd | Fossil Expansion |
| Wismilak Inti Makmur Tbk PT | Tobacco Production |
| Saguaro Resources Ltd | Fossil Expansion |
| Cardinal Energy Ltd | Fossil Expansion |
| Lifedrink Co Inc | Breach of Good Governance |
| SOGC Inc | Fossil Expansion |
| Energean PLC | Fossil Expansion |
| Yunnan Energy Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Geo Energy Resources Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| OQ Exploration & Production SAOG | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Rex International Holding Ltd | Fossil Expansion |
| Gulftex Energy IV LP | Fossil Expansion |
| Three Span Oil & Gas Inc | Fossil Expansion |
| Nishimatsuya Chain Co Ltd | Breach of Good Governance |
| STL Resources LLC | Fossil Expansion |
| Glencore Finance Europe Ltd | Breach of International Norms and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Gran Tierra Energy Inc | Fossil Expansion |
| Riley Exploration-Permian LLC | Fossil Expansion |
| International Petroleum Corp | Fossil Expansion |
| Frontera Energy Corp | Fossil Expansion |
| Burk Royalty Co Ltd | Fossil Expansion |
| Shamal Az-Zour Al-Oula for the First Phase of Az-Zour Power Plant KSC | Breach of Good Governance |
| Sage Natural Resources LLC | Fossil Expansion |
| Evergy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Yangarra Resources Ltd | Fossil Expansion |
| Lake Materials Co Ltd | Breach of Good Governance |
| Koda Resources LLC | Fossil Expansion |
| National Co for Learning & Education | Breach of Good Governance |
| United International Holding Co | Breach of Good Governance |
| TransAlta Corp Principal Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| TransAlta Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Transalta Corp Coupon Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Juroku Financial Group Inc | Breach of Good Governance |
| Piedmont Lithium Inc | Breach of Good Governance |
| Dear U Co Ltd | Breach of Good Governance |
| HEQ Deepwater LLC | Fossil Expansion |
| Azule Energy Holdings Ltd | Fossil Expansion |
| Greenlake Energy Holdings LLC | Fossil Expansion |
| Granite Ridge Resources Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shizuoka Financial Group Inc | Breach of Good Governance |
| Coelacanth Energy Inc | Fossil Expansion |
| TXO Partners LP | Fossil Expansion |
| Mach Natural Resources LP | Fossil Expansion |
| Strathcona Resources Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Attica Exploration AS | Fossil Expansion |
| Modern Mills Co | Breach of Good Governance |
| Petrindo Jaya Kreasi Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Dana Petroleum Ltd | Fossil Expansion |
| JSW Energy Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Gunma Bank Ltd/New York | Breach of Good Governance |
| Gunma Bank Ltd/The | Breach of Good Governance |
| Hachijuni Nagano Bank Ltd | Breach of Good Governance |
| Hachijuni Bank Ltd/Hong Kong | Breach of Good Governance |
| Hirose Electric Co Ltd | Breach of Good Governance |
| Whitecap Resources Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Washington H Soul Pattinson & Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Wintime Energy Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Viper Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Yankuang Energy Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Capricorn Energy PLC | Fossil Expansion |
| Tutunski Kombinat AD | Tobacco Production |
| NRW Holdings Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hainan Mining Co Ltd | Fossil Expansion |
| Castleton Commodities International LLC | Fossil Expansion |
| Domtar Corp | Breach of Good Governance |
| KazMunayGas National Co JSC | Fossil Expansion |
| Imperial Oil Ltd | Fossil Expansion |
| Societe Ivoirienne des Tabacs SA | Tobacco Production |
| BAT International Finance PLC | Tobacco Production |
| Central Bank of Turkmenistan | Democracy and Human Rights |
| Tianshui Huatian Technology Co Ltd | Breach of Good Governance |
| Indo Tambangraya Megah Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Wintershall Dea GmbH | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Kinder Morgan Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Adani Power Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Deutsche Rohstoff AG | Fossil Expansion |
| Al Meera Consumer Goods Co QSC | Breach of Good Governance |
| Create SD Holdings Co Ltd | Breach of Good Governance |
| Alamtri Resources Indonesia Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Adaro Andalan Indonesia PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Inter RAO UES PJSC | Fossil Expansion |
| Prairie Operating Co | Fossil Expansion |
| Hanwha Life Insurance Co Ltd | Breach of Good Governance |
| Bulgarian Energy Holding EAD | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Migdal Insurance & Financial Holdings Ltd | Breach of Good Governance |
| Aksa Enerji Uretim AS | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Motability Operations Group PLC | Breach of Good Governance |
| Poongsan Corp | Unconventional Weapons |
| Citation Oil & Gas Corp | Fossil Expansion |
| Merit Energy Co LLC | Fossil Expansion |
| Tama Home Co Ltd | Breach of Good Governance |
| Minsur SA | Breach of Good Governance |
| An Hui Wenergy Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| BSE Ltd | Breach of Good Governance |
| Tennessee Valley Authority | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| TVA Custodial Receipt | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tennessee Valley Authority Discount Notes | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tennessee Valley Authority Generic Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Al Ahli Bank of Kuwait KSCP | Breach of Good Governance |
| Tennessee Valley Authority Principal Strip | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tennessee Valley Authority Linked Call Strips | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Al Ahli Bank Of Kuwait KSCP Dubai Branch | Breach of Good Governance |
| Al Ahli Bank Of Kuwait KSCP DIFC Branch | Breach of Good Governance |
| Astra International Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ayala Corp | Fossil Expansion |
| Banpu PCL | Breach of Good Governance, Fossil Expansion, and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Beach Energy Ltd | Fossil Expansion |
| Delek Group Ltd | Fossil Expansion |
| Israel Electric Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| ITC Ltd | Tobacco Production |
| Korea Electric Power Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| OCI Holdings Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Medco Energi Internasional Tbk PT | Fossil Expansion |
| IFCI Ltd | Breach of Good Governance |
| British American Tobacco Kenya PLC | Tobacco Production |
| British American Tobacco Zimbabwe Holdings Ltd | Tobacco Production |
| TSL Ltd/Zimbabwe | Tobacco Production |
| Tenaga Nasional Bhd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Videocon Industries Ltd | Fossil Expansion |
| Aboitiz Equity Ventures Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Lucky Cement Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| GS Caltex Corp | Breach of Good Governance |
| HSBC / Comision Federal de Electricidad | Fossil Expansion |
| Bancomext / Comision Federal de Electricidad | Fossil Expansion |
| Bank of America Mexico SA / Comision Federal de Electricidad | Fossil Expansion |
| Acciones y Valores Banamex / Comision Federal de Electricidad | Fossil Expansion |
| Bank of Boston Institucion de Banca Multiple / Comision Federal de Electricidad | Fossil Expansion |
| Oil & Natural Gas Corp Ltd | Fossil Expansion |
| Bumi Resources Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Petrosea Tbk PT | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| National Aluminium Co Ltd | Breach of Good Governance |
| Sundaram Finance Ltd | Breach of Good Governance |
| Electric Power Development Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ecopetrol SA | Fossil Expansion |
| Indian Oil Corp Ltd | Fossil Expansion |
| Kuwait International Bank KSCP | Breach of Good Governance |
| Gazprom PJSC | Fossil Expansion and Sanctions |
| Sberbank of Russia PJSC | Sanctions |
| Sberbank CIB JSC | Sanctions |
| Sberbank of Russia OJSC/India | Sanctions |
| Surgutneftegas PAO | Fossil Expansion and Sanctions |
| Han Kuk Carbon Co Ltd | Breach of Good Governance |
| Gulf Cables & Electrical Industries Group Co. KSCP | Breach of Good Governance |
| Turkiye Petrol Rafinerileri AS | Breach of Good Governance |
| Union Tool Co | Breach of Good Governance |
| Sarda Energy & Minerals Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| SKS Power Generation Chhattisgarh Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hokkaido Electric Power Co Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hokuriku Electric Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Hosiden Corp | Breach of Good Governance |
| Dow Chemical Co/The | Fossil Expansion |
| Hanjaya Mandala Sampoerna Tbk PT | Tobacco Production |
| Royal Holdings Co Ltd | Breach of Good Governance |
| San-In Godo Bank Ltd/The | Breach of Good Governance |
| Hub Power Co Ltd/The | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| VST Industries Ltd | Tobacco Production |
| Comet Ridge Ltd | Fossil Expansion |
| Gulf Warehousing Co | Breach of Good Governance |
| Sanil Electric Co Ltd | Breach of Good Governance |
| Rosselkhozbank JSC | Sanctions |
| Axos Financial Inc | Breach of Good Governance |
| Kuwait Telecommunications Co | Breach of Good Governance |
| Oil India Ltd | Fossil Expansion |
| Pennsylvania General Energy Co LLC | Fossil Expansion |
| Pertamina Persero PT | Fossil Expansion |
| Saudi Research & Media Group | Breach of Good Governance |
| Kirde Varad AS | Fossil Expansion |
| Zarubezhneft OAO | Fossil Expansion |
| Inversiones Aguas Metropolitanas SA | Breach of Good Governance |
| Bharat Dynamics Ltd | Unconventional Weapons |
| Chord Energy Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Duke Energy Carolinas LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Berezovskaya Gres Fl Unipro PAO | Fossil Expansion |
| Unipro PAO | Fossil Expansion |
| Emirates National Oil Co Ltd-LLC | Fossil Expansion |
| Jastrzebska Spolka Weglowa SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Imperial Brands PLC | Tobacco Production |
| Walter Oil & Gas Corp | Fossil Expansion |
| RussNeft PJSC | Fossil Expansion |
| MEG Energy Corp | Fossil Expansion |
| Tri-State 2003-Series B Pass Through Trust | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tri-State Generation and Transmission Association Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Enea SA | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Perusahaan Perseroan Persero PT Perusahaan Listrik Negara | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shandong Energy Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ship Healthcare Holdings Inc | Breach of Good Governance |
| China Aerospace Science & Technology Corp | Unconventional Weapons |
| Jaiprakash Power Ventures Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Airport City Ltd | Breach of Good Governance |
| GemVax & Kael Co Ltd | Breach of Good Governance |
| China Shenhua Energy Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| NuVista Energy Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Air Transport Services Group Inc | Breach of Good Governance |
| Zhejiang Longsheng Group Co Ltd | Breach of Good Governance |
| Shanxi Coal International Energy Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shan Xi Hua Yang Group New Energy Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Seria Co Ltd | Breach of Good Governance |
| Industries Qatar QSC | Breach of Good Governance |
| Nippon Life Insurance Co | Breach of Good Governance |
| SandRidge Energy Inc | Breach of Good Governance, Fossil Expansion, and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Solar Industries India Ltd | Unconventional Weapons |
| Northern Oil & Gas Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| JBS S/A | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Korea Gas Corp | Fossil Expansion |
| Hokuhoku Financial Group Inc | Breach of Good Governance |
| New Hope Corp Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Kosmos Energy Ltd | Fossil Expansion |
| Coronado Global Resources Inc | Fossil Expansion |
| Miahona | Breach of Good Governance |
| L&T Technology Services Ltd/Korea | Unconventional Weapons |
| Pursuit Oil & Gas LLC | Fossil Expansion |
| Camino Natural Resources LLC | Fossil Expansion |
| Derby Exploration LLC | Fossil Expansion |
| Ridgewood Energy Corp | Fossil Expansion |
| L&T Technology Services Ltd | Unconventional Weapons |
| Datang International Power Generation Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Kelt Exploration Ltd | Fossil Expansion |
| Kimmeridge Energy Management Co LLC | Fossil Expansion |
| Global Power Synergy PCL | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Vapor Group Inc | Tobacco Production |
| Dubai Supply Authority | Fossil Expansion |
| Sumou Global Investment Co | Breach of Good Governance |
| Sumou Real Estate Co | Breach of Good Governance |
| Shenzhen Goodix Technology Co Ltd | Breach of Good Governance |
| Lens Technology Co Ltd | Breach of International Norms |
| Regional REIT Ltd | Breach of Good Governance |
| Yokohama Financial Group Inc | Breach of Good Governance |
| Permian Resources Holdings Inc/DE | Fossil Expansion |
| Hamilton Lane Inc | Breach of Good Governance |
| Pandion Energy AS | Fossil Expansion |
| EMRO Inc | Breach of Good Governance |
| Range Intelligent Computing Technology Group Co Ltd | Breach of Good Governance |
| Journey Energy Inc | Fossil Expansion |
| Phillips 66 Partners LP | Breach of Good Governance |
| HG Energy LLC | Fossil Expansion |
| China Nonferrous Mining Corp Ltd | Breach of International Norms |
| Duke Capital Ltd | Breach of Good Governance |
| M Yochananof & Sons Ltd | Breach of Good Governance |
| PrairieSky Royalty Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Alliance Resource Operating Partners LP / Alliance Resource Finance Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Alliance Resource Operating Partners LP | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Trinidad Generation UnLtd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| South Coast British Columbia Transportation Authority | Breach of Good Governance |
| Nabha Power Ltd | Unconventional Weapons |
| British American Tobacco Bangladesh Co Ltd | Tobacco Production |
| Finance Department Government of Sharjah | Democracy and Human Rights |
| Emirate of Sharjah Government International Bonds | Democracy and Human Rights |
| Guangdong Hongda Holdings Group Co Ltd | Unconventional Weapons |
| West Indian Tobacco Co Ltd/The | Tobacco Production |
| United Aircraft Corp PAO | Sanctions |
| Turk Altin Isletmeleri AS | Breach of Good Governance |
| VPR Brands LP | Tobacco Production |
| Enduring Resources IV LLC | Fossil Expansion |
| NPO Almaz PAO | Sanctions |
| San Leon Energy PLC | Fossil Expansion |
| Rockhopper Exploration PLC | Fossil Expansion |
| Sinnar Bidi Udyog Ltd | Tobacco Production |
| Sakura Internet Inc | Breach of Good Governance |
| Abu Dhabi National Energy Co PJSC | Fossil Expansion |
| Ashton Woods USA LLC / Ashton Woods Finance Co | Breach of Good Governance |
| PGE Polska Grupa Energetyczna SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| China Evergrande Group | Breach of International Norms |
| Alupar Investimento SA | Breach of Good Governance |
| Entergy Texas Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| QatarEnergy | Fossil Expansion |
| China Satellite Communications Co Ltd | Unconventional Weapons |
| INA Industrija Nafte DD | Fossil Expansion |
| Roketsan Roket Sanayi Ve Ticaret AS | Unconventional Weapons |
| Turkiye Petrolleri AO | Fossil Expansion |
| Societatea Nationala de Gaze Naturale ROMGAZ SA | Fossil Expansion |
| Air Arabia PJSC | Breach of Good Governance |
| Kohnan Shoji Co Ltd | Breach of Good Governance |
| TransMontaigne Partners LLC | Breach of Good Governance |
| Scandinavian Tobacco Group A/S | Tobacco Production |
| Canvas Energy Inc | Fossil Expansion |
| China Boton Group Co Ltd | Tobacco Production |
| Yamaguchi Financial Group Inc | Breach of Good Governance |
| Chabiotech Co Ltd | Breach of Good Governance |
| Freeport-McMoRan Inc | Breach of International Norms |
| General Dynamics Corp | Unconventional Weapons |
| Georgia Power Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Zuken Inc | Breach of Good Governance |
| Infinity Natural Resources Inc | Fossil Expansion |
| Canacol Energy Ltd | Fossil Expansion |
| Hallador Energy Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| CenterPoint Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Grupo Carso SAB de CV | Fossil Expansion |
| IDACORP Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Shumen-Tabac AD-Shumen | Tobacco Production |
| Sluntse Stara Zagora-Tabak AD | Tobacco Production |
| Slantse Stara Zagora- BT AD | Tobacco Production |
| Permian Resources Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Strategy Inc | Breach of International Norms |
| Cenovus Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Bulgartabac Holding AD | Tobacco Production |
| InPlay Oil Corp | Fossil Expansion |
| British American Tobacco Malaysia Bhd | Tobacco Production |
| San Miguel Corp | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Dagang NeXchange Bhd | Fossil Expansion |
| Wee-Cig International Corp | Tobacco Production |
| Martin Midstream Partners LP / Martin Midstream Finance Corp | Breach of Good Governance |
| Martin Midstream Partners LP | Breach of Good Governance |
| Blackhill Energy LLC | Fossil Expansion |
| Teine Energy Ltd | Fossil Expansion |
| Peyto Exploration & Development Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Eesti Energia AS | Fossil Expansion |
| Shizuoka Gas Co Ltd | Breach of Good Governance |
| Tokyo Electric Power Co Holdings Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Tokyo Gas Co Ltd | Fossil Expansion |
| Exxaro Resources Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ezaki Glico Co Ltd | Breach of Good Governance |
| Ratch Group PCL | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Fuji Corp/Aichi | Breach of Good Governance |
| Fujitec Co Ltd | Breach of Good Governance |
| Saudi Ceramic Co | Breach of Good Governance |
| Saudi Pharmaceutical Industries & Medical Appliances Corp | Breach of Good Governance |
| National Gas & Industrialization Co | Breach of Good Governance |
| Saudi Advanced Industries Co | Breach of Good Governance |
| Qassim Cement Co/The | Breach of Good Governance |
| Southern Province Cement Co | Breach of Good Governance |
| Saudi Real Estate Co | Breach of Good Governance |
| Saudi Automotive Services Co | Breach of Good Governance |
| Arriyadh Development Co | Breach of Good Governance |
| Jardine Matheson Holdings Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Saudi Cement Co | Breach of Good Governance |
| IDOM Inc | Breach of Good Governance |
| Youngor Fashion Co Ltd | Breach of International Norms |
| Imperial Brands Finance PLC | Tobacco Production |
| Imperial Brands Finance Netherlands BV | Tobacco Production |
| Jindal Steel Ltd | Fossil Expansion |
| KT&G Corp | Tobacco Production |
| Qatar International Islamic Bank QSC | Breach of Good Governance |
| Nebras Energy | Breach of Good Governance |
| Northwestern Energy Group Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| ARC Resources Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Eastern Province Cement Co | Breach of Good Governance |
| Brickworks Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Coterra Energy Operating Co | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Northern States Power Co/MN | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Korea Southern Power Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Swedish Match AB | Tobacco Production |
| CESC Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Genting Bhd | Fossil Expansion |
| Guangdong Investment Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Power Assets Holdings Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| GrandSouth Bancorporation | Breach of Good Governance |
| First Busey Corp | Breach of Good Governance |
| Duke Energy Florida LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Central Japan Railway Co | Breach of Good Governance |
| Comision Federal de Electricidad | Fossil Expansion |
| EOG Resources Inc | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| EQT Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| First Bancorp/Southern Pines NC | Breach of Good Governance |
| Mostotrest PJSC | Sanctions |
| Malakoff Corp Bhd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ratio Energies Finance LP | Fossil Expansion |
| Continental Resources Inc/OK | Breach of Good Governance, Fossil Expansion, and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Gotse Delchev Tabac AD-Gotse Delchev | Tobacco Production |
| Nippon Kanzai Holdings Co Ltd | Breach of Good Governance |
| Circle-S Energy LLC | Fossil Expansion |
| Rorze Corp | Breach of Good Governance |
| Firebird Energy II LLC | Fossil Expansion |
| Lotte Tour Development Co Ltd | Breach of Good Governance |
| Hanwha Corp | Unconventional Weapons |
| Nice One Beauty Digital Marketing Co | Breach of Good Governance |
| CSG Holding Co Ltd | Breach of Good Governance |
| Shanghai Electric Power Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| PTT Exploration & Production PCL | Fossil Expansion |
| CNX Resources Corp | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Gazprom Neft PJSC | Fossil Expansion and Sanctions |
| Reynolds American Inc | Tobacco Production |
| ENEOS Xplora Inc | Fossil Expansion |
| Mobile Telecommunications Co Saudi Arabia | Breach of Good Governance |
| Reliance Power Ltd | Breach of Good Governance and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Aeropuerto Internacional de Tocumen SA | Breach of Good Governance |
| Anschutz Exploration Corp | Fossil Expansion |
| Amni International Petroleum Development Co Ltd | Fossil Expansion |
| Al Masane Al Kobra Mining Co | Breach of Good Governance |
| Emirate of Abu Dhabi United Arab Emirates | Democracy and Human Rights |
| Abu Dhabi Government International Bond | Democracy and Human Rights |
| Glencore PLC | Breach of International Norms and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Emirate of Dubai Government International Bonds | Democracy and Human Rights |
| Koei Tecmo Holdings Co Ltd | Breach of Good Governance |
| Discovery Natural Resources LLC | Fossil Expansion |
| Shea Homes LP / Shea Homes Funding Corp | Breach of Good Governance |
| CFG Bank | Breach of Good Governance |
| Shaanxi Coal & Chemical Industry Group Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Mouwasat Medical Services Co | Breach of Good Governance |
| 361 Degrees International Ltd | Breach of International Norms |
| Matador Resources Co | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| HLB Therapeutics Co Ltd | Breach of Good Governance |
| Zavanna LLC | Fossil Expansion |
| Twinza Oil Ltd | Fossil Expansion |
| Murex Petroleum Corp | Fossil Expansion |
| Mewbourne Oil Co | Fossil Expansion |
| Eve Energy Co Ltd | Tobacco Production |
| Valor Estate Ltd | Breach of Good Governance |
| China Qinfa Group Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| RattanIndia Power Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Arabian Internet & Communications Services Co | Breach of Good Governance |
| Coka Duvanska Industrija AD Coka | Tobacco Production |
| Point Energy Partners Operating LLC | Fossil Expansion |
| LS Eco Energy Ltd | Breach of Good Governance |
| Rockchip Electronics Co Ltd | Breach of Good Governance |
| Sun Petrochemicals Pvt Ltd | Fossil Expansion |
| Ramaco Resources Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Kimbell Royalty Partners LP | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| OPC Energy Ltd | Fossil Expansion |
| Steward Energy II LLC | Fossil Expansion |
| Contourglobal Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Restaurant Brands International Inc | Breach of Good Governance |
| OKEA ASA | Fossil Expansion |
| APR Corp/Korea | Breach of Good Governance |
| TATA Advanced Systems Ltd | Unconventional Weapons |
| L&T Realty Properties Ltd | Unconventional Weapons |
| L&T Metro Rail Hyderabad Ltd | Unconventional Weapons |
| Scientech Corp | Breach of Good Governance |
| Jamjoom Pharmaceuticals Factory Co | Breach of Good Governance |
| Haisco Pharmaceutical Group Co Ltd | Breach of Good Governance |
| Impact Oil & Gas Ltd | Fossil Expansion |
| L&T Infra Credit Ltd | Unconventional Weapons |
| L&T Finance Ltd | Unconventional Weapons |
| Huaneng Power International Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Progress Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| AEP Texas Inc | Fossil Expansion |
| Cleco Corporate Holdings LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Huabao International Holdings Ltd | Tobacco Production |
| Advantage Energy Ltd | Fossil Expansion and Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Ceylon Tobacco Co PLC | Tobacco Production |
| El Paso CGP Co LLC | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Kinder Morgan Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| United Energy Group Ltd | Fossil Expansion |
| Senex Energy Pty Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Woodside Energy Group Ltd | Fossil Expansion |
| DNO ASA | Fossil Expansion |
| Sasol Ltd | Fossil Expansion |
| Nordstrom Inc | Breach of Good Governance |
| Xcel Energy Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Godfrey Phillips India Ltd | Tobacco Production |
| Golden Tobacco Ltd | Tobacco Production |
| Gudang Garam Tbk PT | Tobacco Production |
| Colbun SA | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Voronoi Inc | Breach of Good Governance |
| Hamakyorex Co Ltd | Breach of Good Governance |
| Adani Transmission Rajasthan Ltd | Fossil Expansion |
| Biglari Holdings Inc | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Al Rajhi REIT | Breach of Good Governance |
| Talos Energy Inc | Fossil Expansion |
| Tap Rock Resources LLC | Fossil Expansion |
| Fujian Huadian Furui Energy Development Co Ltd | Unconventional Extraction of Fossil Fuels / Production of Thermal Coal |
| Jahez International Co | Breach of Good Governance |
| Imperial Brands Finance Netherlands BV | Tobacco Production |
| VTB Bank PJSC | Sanctions |
| Rockies Resources LLC | Fossil Expansion |
| Riyadh Cement Co | Breach of Good Governance |
| Hoshine Silicon Industry Co Ltd | Breach of International Norms |
The divestment of these companies will be completed by July 3, 2026.