Exclusion & Avoidance

 Exclusion

We are convinced that focus on engagement in the long term will lead to the best results for our clients. However, there are several instances when Kempen directly excludes companies from its investable universe. 

Controversial weapons

• The effects of the weapons are disproportional and there is a lack of distinguishing between military and civil targets.
• Biological, chemical, nuclear, anti-personnel landmines, cluster munition 

 Avoidance

• Violation of and lack of international guidelines & no willingness to change
• We have a policy to address serious concerns over the safeguarding of the OECD Responsible Business Conduct guidelines.

Sector level (product)
In order to determine which products and services should be avoided, we developed an exclusion criteria framework and applied this framework to tobacco.

• Via exclusion framework: tobacco