Manufacturers of alcoholic beverages, but not retailers (except dedicated pub companies).
The manufacture of tobacco products, but not tobacco retailers.
Includes betting shops, internet sites, bingo and casino, racing venues, lotteries and the supply of gaming machines.
The manufacture of weapons and weapons systems or goods and services specifically to support those systems.
Pornographic and violent material
Includes print, digital and broadcast media plus companies operating dedicated licensed sex premises showing live shows.
We will not invest in companies that use animals to test cosmetic or household products. We do invest in pharmaceutical companies that may use animals to test but we encourage them to use alternatives.
We avoid companies involved in intensive farming in the beef, dairy, poultry or fish sectors.
Companies operating in oppressive regimes (as defined by Transparency International and Freedom House) are reviewed on a case-by-case basis.
Fossil Fuel Exploration & Production
Avoids oil & gas exploration & production, as well as thermal coal extraction and production.
High Interest Lending
Companies operating wholly or mainly in high interest lending (non-standard sub-prime credit) where this is defined as (and limited to) door-step lending, pay-day loans and/or pawn-broking sub-prime credit.