SEB, the Swedish financial group, has removed all companies breaching international standards on corruption, the environment, human rights and labour law from its funds with effect from 12 June. Such firms had previously been excluded from SEB’s sustainable and ethical funds. In last year, the group ceased to invest in nuclear companies and 2014 it also excluded coal firms. The exclusion will affect about 40 companies. When added to previous exclusions, approximately 100 companies will have been removed from SEB’s funds.
SEB, the Swedish financial group, has removed all companies breaching international standards on corruption, the environment, human rights and labour law from its funds with effect from 12 June. Such firms had previously been excluded from SEB’s sustainable and ethical funds. In 2014, the group ceased to invest in nuclear companies and last year it also excluded coal firms. The exclusion will affect about 40 companies. When added to previous exclusions, approximately 100 companies will have been removed from SEB’s funds.