Observation and exclusion of companies
Norges Bank decides on the exclusion of companies from the fund’s investment universe, or to place companies on an observation list.
Exclusions as of 1 January 2015 are the decision of Norges Bank's Executive Board. Exclusions previous to this date are decisions made by the Ministry of Finance.
The decisions are based on recommendations from the Council on Ethics appointed by the Ministry of Finance. For the product-based coal criterion, decisions are based on recommendations from Norges Bank Investment Management.
Exclusions are regulated by the Guidelines for the observation and exclusion of companies from the Government Pension Fund Global, adopted by the Ministry of Finance on 18 December 2014.
The following alphabetical overview shows companies that are currently excluded or under observation. Latest update: 9 October 2024.
Click the link in the company name to see the related press release
| Company | Category | Criterion | Decision | Publishing date | |
|---|---|---|---|---|---|
| CompanyAboitiz Power Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyAdani Ports and Special Economic Zone Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision15.05.2024 | |
| CompanyAES Corp/The | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyAES Andes SA | Former AES Gener | CategoryProduct-based | CriterionProduction of coal or coal-based energy | DecisionExclusion | Publishing date14.04.2016 |
| CompanyAGL Energy Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision13.05.2020 | |
| CompanyAirbus SE | Former EADS NV | CategoryProduct-based | CriterionProduction of nuclear weapons | DecisionExclusion | Publishing date01.01.2006 |
| CompanyALLETE Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyAlliant Energy Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyAltria Group Inc | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyAmeren Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyAmerican Electric Power Co Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyAshtrom Group Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision02.09.2021 | |
| CompanyAstra International Tbk PT | Former PT Astra International Tbk | CategoryConduct-based | CriterionSevere environmental damage | DecisionExclusion | Publishing date29.02.2024 |
| CompanyAurora Cannabis Inc | Product-based | CategoryProduction of cannabis | CriterionExclusion | Decision07.09.2022 | |
| CompanyAviChina Industry & Technology Co Ltd | Conduct-based | CategorySales of weapons to states in armed conflicts, where the weapons are used in ways that constitute breaches of the international rules on the conduct of hostilities | CriterionExclusion | Decision24.01.2023 | |
| CompanyBAE Systems Plc | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision16.01.2018 | |
| CompanyBarrick Gold Corp | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision30.01.2009 | |
| CompanyBeijing Tong Ren Tang Chinese Medicine Co Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision29.09.2021 | |
| CompanyBerkshire Hathaway Energy Co | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision10.07.2018 | |
| CompanyBharat Electronics Ltd | Conduct-based | CategorySales of weapons to states in armed conflicts, where the weapons are used inways that constitute breaches of the international rules on the conduct of hostilities | CriterionExclusion | Decision24.01.2023 | |
| CompanyBharat Heavy Electricals Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision05.05.2017 | |
| CompanyBoeing Co/The | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision05.01.2006 | |
| CompanyBombardier Inc | Conduct-based | CategoryGross corruption | CriterionObservation | Decision07.03.2022 | |
| CompanyBritish American Tobacco Malaysia Bhd | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyBritish American Tobacco Plc | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyBWX Technologies Inc | Former Babcock & Wilcox Co | CategoryProduct-based | CriterionProduction of nuclear weapons | DecisionExclusion | Publishing date11.01.2013 |
| CompanyCanadian Natural Resources Ltd | Conduct-based | CategoryUnacceptable greenhouse gas emissions | CriterionExclusion | Decision13.05.2020 | |
| CompanyCanopy Growth Corp | Product-based | CategoryProduction of cannabis | CriterionExclusion | Decision07.09.2022 | |
| CompanyCenovus Energy Inc | Conduct-based | CategoryUnacceptable greenhouse gas emissions | CriterionExclusion | Decision13.05.2020 | |
| CompanyCentrais Eletricas Brasileiras SA | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision13.05.2020 | |
| CompanyCESC Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyCEZ AS | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanyChina Coal Energy Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyChina Power International Development Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyChina Resources Power Holdings Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyChina Shenhua Energy Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyChina State Construction Engineering Corp Ltd | Conduct-based | CategoryGross corruption | CriterionExclusion | Decision05.09.2024 | |
| CompanyChina Traditional Chinese Medicine Holdings Co Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision29.09.2021 | |
| CompanyChugoku Electric Power Co Inc/The | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyCLP Holdings Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyCMS Energy Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision21.12.2016 | |
| CompanyCoal India Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyCognyte Software Ltd | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision15.12.2022 | |
| CompanyCONSOL Energy Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyCronos Group Inc | Product-based | CategoryProduction of cannabis | CriterionExclusion | Decision07.09.2022 | |
| CompanyDanya Cebus Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision23.08.2010 | |
| CompanyDatang International Power Generation Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| Company Delek Group Ltd | Conduct-based | CategoryOther particularly serious violations of fundamental ethical norm | CriterionExclusion | Decision18.12.2023 | |
| CompanyDMCI Holdings Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyDTE Energy Co | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyDuke Energy Corp | Incl. subsidiaries Duke Energy Carolinas LLC, Duke Energy Progress LLC and Progress Energy Inc | CategoryConduct-based | CriterionSevere environmental damage | DecisionExclusion | Publishing date07.09.2016 |
| CompanyEastern Co SAE | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision07.09.2022 | |
| CompanyElbit Systems Ltd | Conduct-based | CategoryOther particularly serious violations of fundamental ethical norms | CriterionExclusion | Decision03.09.2009 | |
| CompanyElco Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision02.09.2021 | |
| CompanyElectra Ltd/Israel | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision02.09.2021 | |
| CompanyElectric Power Development Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyElectricity Generating PCL | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyElSewedy Electric Co | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision13.05.2020 | |
| CompanyEmera Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyEngie Energia Chile SA | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyEvergreen Marine Corp Taiwan Ltd | Conduct-based | CategorySevere environmental damage | Violation of human rights | CriterionExclusion | Decision16.01.2018 | |
| CompanyEvergy Inc | Product based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision17.01.2019 | |
| CompanyExxaro Resources Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyFirstEnergy Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyFormosa Chemicals & Fibre Corp | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision31.08.2020 | |
| CompanyFormosa Taffeta Co Ltd | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision31.08.2020 | |
| CompanyFluor Corp | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision16.01.2018 | |
| CompanyFreeport-McMoRan Inc | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision06.06.2006 | |
| CompanyGAIL India Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision27.04.2023 | |
| CompanyGeneral Dynamics Corp | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision05.09.2024 | |
| CompanyGenting Bhd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision17.08.2015 | |
| CompanyGlencore PLC | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision13.05.2020 | |
| CompanyGMK Norilskiy Nickel PAO | Former MMC Norilsk Nickel PJSC | CategoryConduct-based | CriterionSevere environmental damage | DecisionExclusion | Publishing date19.11.2009 |
| CompanyGrand Pharmaceutical Group Ltd | Former China Grand Pharmaceutical and Healthcare Holdings Ltd | CategoryConduct-based | CriterionSevere environmental damage | DecisionExclusion | Publishing date29.09.2021 |
| CompanyGreat River Energy | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanyGuangdong Electric Power Development Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyGudang Garam tbk pt | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyGujarat Mineral Development Corp Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyHalcyon Agri Corp Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision18.03.2019 | |
| CompanyHanjaya Mandala Sampoerna Tbk PT | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision07.09.2022 | |
| CompanyHK Electric Investments & HK Electric Investments Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanyHokkaido Electric Power Co Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyHokuriku Electric Power Co | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyHoneys Holdings Co Ltd | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision19.05.2021 | |
| CompanyHoneywell International Inc | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision05.01.2006 | |
| CompanyHuabao International Holdings Ltd | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision08.05.2013 | |
| CompanyHuadian Energy Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanyHuadian Power International Corp Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyHuaneng Power International Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyHuntington Ingalls Industries Inc | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision16.01.2018 | |
| CompanyHyundai Engineering & Construction Co Ltd | Conduct-based | CategoryGross corruption | CriterionObservation | Decision01.07.2021 | |
| CompanyIDACORP Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyImperial Brands Plc | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyInner Mongolia Yitai Coal Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyImperial Oil Ltd | Conduct-based | CategoryUnacceptable greenhouse gas emissions | CriterionExclusion | Decision13.05.2020 | |
| CompanyITC Ltd | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyJacobs Solutions Inc | Former Jacobs Engineering Group Inc | CategoryProduct-based | CriterionProduction of nuclear weapons | DecisionExclusion | Publishing date11.01.2013 |
| CompanyJapan Tobacco Inc | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyJardine Cycle & Carriage Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision29.02.2024 | |
| CompanyJardine Matheson Holdings Ltd | Conduct-based | Category Severe environmental damage | CriterionExclusion | Decision29.02.2024 | |
| CompanyJBS S/A | Conduct-based | CategoryGross corruption | CriterionExclusion | Decision10.07.2018 | |
| CompanyKDDI Corp | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionObservation | Decision18.12.2023 | |
| CompanyKorea Electric Power Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanyKorea Gas Corp | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision27.04.2023 | |
| CompanyKorea Line Corp | Conduct-based | CategorySevere environmental damage | Violation of human rights | CriterionExclusion | Decision16.01.2018 | |
| CompanyKT&G Corp | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyKyushu Electric Power Co Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision21.12.2016 | |
| CompanyL3Harris Technologies Inc | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision15.05.2024 | |
| CompanyLarsen & Toubro Ltd | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision05.09.2024 | |
| CompanyLi Ning Co Ltd | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision07.03.2022 | |
| CompanyLockheed Martin Corp | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision21.08.2013 | |
| CompanyLubelski Wegiel Bogdanka SA | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyLu Thai Textile Co Ltd | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision10.07.2018 | |
| CompanyMalakoff Corp Bhd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanyMarfrig Global Foods SA | Conduct-based | CategorySevere environmental damage | CriterionObservation | Decision21.12.2021 | |
| CompanyMGE Energy Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyMidAmerican Energy Co | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision10.07.2018 | |
| CompanyMivne Real Estate KD Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision19.05.2021 | |
| CompanyNew Hope Corp Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyNHPC Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision07.09.2022 | |
| CompanyNorthrop Grumman Corp | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision05.01.2006 | |
| CompanyNorthWestern Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision07.03.2017 | |
| CompanyNRG Energy Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyNTPC Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyOGE Energy Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision21.12.2016 | |
| CompanyOil & Natural Gas Corp Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision02.09.2021 | |
| CompanyOkinawa Electric Power Co Inc/The | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyORLEN SA | Former Polski Koncern Naftowy Orlen SA | CategoryConduct-based | CriterionViolation of human rights | DecisionObservation | Publishing date22.02.2023 |
| CompanyOtter Tail Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanyPacifiCorp | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision10.07.2018 | |
| CompanyPage Industries Ltd | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision31.08.2020 | |
| CompanyPan Ocean Co Ltd | Conduct-based | CategorySevere environmental damage | Violation of human rights | CriterionObservation | Decision22.03.2023 | |
| CompanyPeabody Energy Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyPetrofac Ltd | Conduct-based | CategoryGross corruption | CriterionObservation | Decision06.07.2023 | |
| CompanyPGE Polska Grupa Energetyczna SA | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanyPhilip Morris Cr AS | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyPhilip Morris International Inc | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyPinnacle West Capital Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision21.12.2016 | |
| CompanyPoongsan Corp | Product-based | CategoryProduction of cluster munitions | CriterionExclusion | Decision06.12.2006 | |
| CompanyPOSCO Holdings Inc | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision17.08.2015 | |
| CompanyPosco International Corp | Former Posco Daewoo Corp | CategoryConduct-based | CriterionSevere environmental damage | DecisionExclusion | Publishing date17.08.2015 |
| CompanyPower Construction Corp of China Ltd | Former Power Construction Group of China Ltd | CategoryConduct-based | CriterionSevere environmental damage | DecisionExclusion | Publishing date06.07.2023 |
| CompanyProsegur Cia de Seguridad SA | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision05.09.2024 | |
| CompanyPTT Oil & Retail Business PCL | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision15.12.2022 | |
| CompanyPTT PCL | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision15.12.2022 | |
| CompanyReliance Infrastructure Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyReliance Power Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyRWE AG | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision13.05.2020 | |
| CompanySafran SA | Product-based | CategoryProduction of nuclear weapons | CriterionExclusion | Decision05.01.2006 | |
| CompanySasol Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision13.05.2020 | |
| CompanyScandinavian Tobacco Group A/S | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision07.09.2022 | |
| CompanySDIC Power Holdings Co Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision07.03.2017 | |
| CompanySemen Indonesia Persero Tbk PT | Conduct-based | CategoryOther particularly serious violations of fundamental ethical norms | CriterionObservation | Decision25.05.2023 | |
| CompanyShanghai Industrial Holdings Ltd | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision15.03.2011 | |
| CompanyShapir Engineering and Industry Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision19.05.2021 | |
| CompanyShikoku Electric Power Co Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyShikun & Binui Ltd | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionExclusion | Decision15.06.2012 | |
| CompanySumitomo Corp | Conduct-based | CategorySerious violations of individuals' rights in situations of war or conflict | CriterionObservation | Decision18.12.2023 | |
| CompanySuncor Energy Inc | Conduct-based | CategoryUnacceptable greenhouse gas emissions | CriterionExclusion | Decision13.05.2020 | |
| CompanyTa Ann Holdings Bhd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision14.10.2013 | |
| CompanyTata Power Co Ltd/The | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyTenaga Nasional Bhd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision21.12.2016 | |
| CompanyTextron Inc | Product-based | CategoryProduction of cluster munitions | CriterionExclusion | Decision30.01.2009 | |
| CompanyTianjin Pharmaceutical Da Re Tang Group Corp Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision05.09.2024 | |
| CompanyTilray Brands Inc | Product-based | CategoryProduction of cannabis | CriterionExclusion | Decision07.09.2022 | |
| CompanyTohoku Electric Power Co Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision21.12.2016 | |
| CompanyTong Ren Tang Technologies Co Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision29.09.2021 | |
| CompanyTri-State Generation and Transmission Association Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision10.07.2018 | |
| CompanyTurning Point Brands Inc | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision05.09.2024 | |
| CompanyUniper SE | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision13.05.2020 | |
| CompanyUniversal Corp/VA | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyVale SA | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision13.05.2020 | |
| CompanyVector Group Ltd | Product-based | CategoryProduction of tobacco | CriterionExclusion | Decision19.01.2010 | |
| CompanyVedanta Ltd | Former Sesa Sterlite | CategoryConduct-based | CriterionSevere environmental damage | DecisionExclusion | Publishing date30.01.2014 |
| CompanyVistra Corp | Product-based | CategoryProduction of coal or coal-based energy | CriterionObservation | Decision13.05.2020 | |
| CompanyVolcan Cia Minera SAA | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision14.10.2013 | |
| CompanyWashington H Soul Pattinson & Co Ltd | Product based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision17.01.2019 | |
| CompanyWEC Energy Group Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyWeichai Power Co Ltd | Conduct-based | CategorySales of weapons to states in armed conflicts, where the weapons are used in ways that constitute breaches of the international rules on the conduct of hostilities | CriterionExclusion | Decision15.05.2024 | |
| CompanyWhitehaven Coal Ltd | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyWTK Holdings Bhd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision14.10.2013 | |
| CompanyXcel Energy Inc | Product-based | CategoryProduction of coal or coal-based energy | CriterionExclusion | Decision14.04.2016 | |
| CompanyYankuang Energy Group Co Ltd | Former Yanzhou Coal Mining Co Ltd | CategoryProduct-based | CriterionProduction of coal or coal-based energy | DecisionExclusion | Publishing date14.04.2016 |
| CompanyYoung Poong Corp | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision07.09.2022 | |
| CompanyYunnan Baiyao Group Co Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision21.12.2021 | |
| CompanyZijin Mining Group Co Ltd | Conduct-based | CategorySevere environmental damage | CriterionExclusion | Decision14.10.2013 | |
| CompanyZTE Corp | Conduct-based | CategoryGross corruption | CriterionExclusion | Decision07.01.2016 | |
| CompanyZuari Agro Chemicals Ltd | Conduct-based | CategoryViolation of human rights | CriterionExclusion | Decision14.10.2013 |