Investment Restrictions

October 2021

Danske Bank Group have implemented group-wide investment restrictions for companies involved in tar sands, thermal coal, peat-fired power generation and controversial weapons according to established criteria. In addition, Danske Invest have implemented investment restrictions for companies involved in tobacco and for companies and countries with Involvement in sustainability related controversies, practices, or other activities considered unacceptable in relation to Nordic norms and/or significant principal adverse impacts on sustainability factors.

The following criteria apply:

  • Tar sands: More than 5% revenue from tar sands extraction
  • Thermal coal: More than 5% revenue from thermal coal mining and/or thermal coal power generation
  • Peat-firedpower generation: More than 5% revenue from peat-fired power generation
  • Controversial weapons: Verified involvement in anti-personnel mines, cluster munitions, biological weapons, chemical weapons, nuclear weapons
  • Tobacco: More than 5% revenue from tobacco products
  • Norms: Involvement in sustainability related controversies, practices, or other activities considered unacceptable in relation to Nordic norms and/or significant principal adverse impacts on sustainability factors

Company

Criteria

Arrow Exploration Corp.

Tar sands

Athabasca Oil Corporation

Tar sands

Baytex Energy (LP) Ltd.

Tar sands

Baytex Energy Corp.

Tar sands

BlackPearl Resources, Inc.

Tar sands

Burlington Resources Finance Co.

Tar sands

Canadian Natural Resources Limited

Tar sands

Cenovus Energy Inc.

Tar sands

Conoco Funding Co.

Tar sands

ConocoPhillips

Tar sands

ConocoPhillips Australia Funding Co.

Tar sands

ConocoPhillips Canada Funding Co. I

Tar sands

ConocoPhillips Canada Funding Co. II

Tar sands

Freehold Royalties Ltd.

Tar sands

June 2021

Harvest Operations Corp.

Tar sands

Husky Energy Inc.

Tar sands

Imperial Oil Ltd.

Tar sands

Japan Petroleum Exploration Co., Ltd.

Tar sands

MEG Energy Corp.

Tar sands

PC Financial Partnership

Tar sands

Pengrowth Energy Corporation

Tar sands

Petroteq Energy, Inc.

Tar sands

Strata Power Corp.

Tar sands

Suncor Energy Inc.

Tar sands

Sunshine Oilsands Ltd.

Tar sands

Teck Resources Limited

Tar sands

Aboitiz Equity Ventures, Inc.

Thermal coal

Aboitiz Power Corp.

Thermal coal

Abu Dhabi National Energy Co. PJSC

Thermal coal

Adani Power Limited

Thermal coal

AES Argentina Generacion SA

Thermal coal

AES El Salvador Trust II

Thermal coal

AES Gener SA

Thermal coal

AGL Energy Limited

Thermal coal

Agritrade Resources Limited

Thermal coal

Aksa Enerji Uretim AS

Thermal coal

Alabama Power Company

Thermal coal

Alarko Holding AS

Thermal coal

Albioma SA

Thermal coal

ALLETE, Inc.

Thermal coal

Alliance Holdings GP LP

Thermal coal

Alliance Resource Operating Partners LP

Thermal coal

Alliance Resource Partners LP

Thermal coal

Alliant Energy Corporation

Thermal coal

Altius Minerals Corporation

Thermal coal

Ameren Corporation

Thermal coal

American Electric Power Company, Inc.

Thermal coal

Anglo American Capital Plc

Thermal coal

Anglo American plc

Thermal coal

Anglo Pacific Group Plc

Thermal coal

Anhui Hengyuan Coal Industry & Electricity

Thermal coal

Power Co., Ltd.

Appalachian Power Co.

Thermal coal

Arch Resources, Inc.

Thermal coal

Arizona Public Service Co.

Thermal coal

Avista Corporation

Thermal coal

Banpu Power Public Co. Ltd.

Thermal coal

June 2021

Banpu Public Co. Ltd.

Thermal coal

Bathurst Resources Limited

Thermal coal

Beijing Energy Investment Holdings Ltd.

Thermal coal

Beijing Haohua Energy Resource Co., Ltd.

Thermal coal

Beijing Jingneng Power Co., Ltd.

Thermal coal

Berkshire Hathaway Energy Co.

Thermal coal

Bisichi Plc

Thermal coal

Black Hills Corporation

Thermal coal

Brickworks Ltd.

Thermal coal

Bulgarian Energy Holding EAD

Thermal coal

Bumi Investment Pte Ltd.

Thermal coal

Capital Power Corporation

Thermal coal

CESC Ltd.

Thermal coal

CGN New Energy Holdings Co., Ltd.

Thermal coal

China Coal Energy Co Ltd

Thermal coal

China Coal Xinji Energy Co., Ltd.

Thermal coal

China Huadian Corp., Ltd.

Thermal coal

China Huadian Overseas Development 2018

Thermal coal

Ltd.

China Huadian Overseas Development

Thermal coal

Management Co., Ltd.

China Huaneng Group Co., Ltd.

Thermal coal

China Longyuan Power Group Corp. Ltd.

Thermal coal

China Power International Development Limited

Thermal coal

China Qinfa Group Ltd.

Thermal coal

China Resources Power Holdings Co. Ltd.

Thermal coal

China Shenhua Energy Company Limited

Thermal coal

China Shenhua Overseas Capital Co., Ltd.

Thermal coal

Chubu Electric Power Co., Inc.

Thermal coal

Cleco Corporate Holdings LLC

Thermal coal

Cloud Peak Energy Inc.

Thermal coal

Cloud Peak Energy Resources LLC

Thermal coal

CLP Holdings Ltd.

Thermal coal

Coal Energy SA

Thermal coal

Coal India Ltd.

Thermal coal

Colbun SA

Thermal coal

Comision Federal de Electricidad SA de CV

Thermal coal

CONSOL Energy Inc.

Thermal coal

Consumers Energy Company

Thermal coal

ContourGlobal plc

Thermal coal

Contura Energy, Inc.

Thermal coal

Coronado Global Resources, Inc.

Thermal coal

Datang International Power Generation Co., Ltd.

Thermal coal

DMCI Holdings, Inc.

Thermal coal

June 2021

DTE Electric Co.

Thermal coal

DTE Energy Company

Thermal coal

Duke Energy Carolinas LLC

Thermal coal

Duke Energy Florida LLC

Thermal coal

Duke Energy Florida Project Finance LLC

Thermal coal

Duke Energy Ohio, Inc.

Thermal coal

Dynegy Finance I, Inc.

Thermal coal

EDP Energias do Brasil SA

Thermal coal

Electric Power Development Co., Ltd.

Thermal coal

Electricity Generating Public Co., Ltd.

Thermal coal

Emera Incorporated

Thermal coal

Empresa Electrica Angamos SA

Thermal coal

Empresa Electrica Guacolda SA

Thermal coal

ENEA SA

Thermal coal

Enel Chile SA

Thermal coal

Enel Generacion Chile SA

Thermal coal

Energa Finance AB

Thermal coal

Energa SA

Thermal coal

Eneva SA

Thermal coal

ENGIE Brasil Energia SA

Thermal coal

Engie Energia Chile SA

Thermal coal

Engro Corporation Limited

Thermal coal

Entergy Arkansas LLC

Thermal coal

Entergy Utility Property, Inc.

Thermal coal

EP Energy as

Thermal coal

EP Infrastructure as

Thermal coal

Eskom Holdings SOC Ltd.

Thermal coal

Eterna Capital Pte Ltd.

Thermal coal

Evergy Kansas Central, Inc.

Thermal coal

Evergy, Inc.

Thermal coal

EVN AG

Thermal coal

EWE AG

Thermal coal

Exxaro Resources Ltd.

Thermal coal

Federal Hydro-Generating Co. RusHydro PJSC

Thermal coal

Feishang Anthracite Resources Ltd.

Thermal coal

First Pacific Co. Ltd.

Thermal coal

FirstEnergy Corp.

Thermal coal

Foresight Energy LLC

Thermal coal

Foresight Energy LP

Thermal coal

Gansu Jingyuan Coal Industry & Electricity

Thermal coal

Power Co., Ltd.

GD Power Development Co., Ltd.

Thermal coal

Genesis Energy Limited

Thermal coal

June 2021

Georgia Power Co.

Thermal coal

Global Power Synergy PCL

Thermal coal

Glow Energy Public Co., Ltd.

Thermal coal

Great River Energy

Thermal coal

Guangdong Electric Power Development Co.,

Thermal coal

Ltd.

Guangdong Investment Limited

Thermal coal

Guanghui Energy Co., Ltd.

Thermal coal

Guangxi Guiguan Electric Power Co., Ltd.

Thermal coal

Guangzhou Development Group, Inc.

Thermal coal

Guizhou Panjiang Refined Coal Co., Ltd.

Thermal coal

Gujarat Mineral Development Corporation

Thermal coal

Limited

Gulf Power Co.

Thermal coal

GVK Power & Infrastructure Limited

Thermal coal

Hallador Energy Company

Thermal coal

Hargreaves Services plc

Thermal coal

Henan Zhongfu Industrial Co., Ltd.

Thermal coal

Hero Asia Investment Ltd.

Thermal coal

Hidili Industry International Development Ltd.

Thermal coal

HK Electric Investments & HK Electric

Thermal coal

Investments Ltd.

Hokkaido Electric Power Co., Inc.

Thermal coal

Hokuriku Electric Power Co.

Thermal coal

Hopewell Holdings Ltd.

Thermal coal

Hosken Consolidated Investments Ltd.

Thermal coal

Huachen Energy Co., Ltd. (Zhejiang)

Thermal coal

Huadian Energy Co., Ltd.

Thermal coal

Huadian Fuxin Energy Corp. Ltd.

Thermal coal

Huadian Power International Corp. Ltd.

Thermal coal

Huaneng Hong Kong Capital Ltd.

Thermal coal

Huaneng Power International, Inc.

Thermal coal

Hubei Energy Group Co., Ltd.

Thermal coal

Huolinhe Opencut Coal Industry Corp. Ltd. of

Thermal coal

Inner Mongolia

IDACORP, Inc.

Thermal coal

IE2 Holdco SAU

Thermal coal

Indiana Michigan Power Co.

Thermal coal

Indika Energy Capital II Pte Ltd.

Thermal coal

Indika Energy Capital III Pte Ltd.

Thermal coal

Indo Energy Finance BV

Thermal coal

Indo Energy Finance II BV

Thermal coal

Indo Integrated Energy BV

Thermal coal

Inner Mongolia Junzheng Energy & Chemical

Thermal coal

Group Co., Ltd.

Inner Mongolia Mengdian Huaneng Thermal

Thermal coal

Power Corp. Ltd.

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Danske Bank A/S published this content on 07 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 October 2021 07:06:02 UTC.