Exclusions

Global Compact Principles
Delta Lloyd Asset Management assesses listed companies for their involvement in controversial business practices based on input from the independent research agency Sustainalytics. This research is based on the United Nations Global Compact Principles, which are ten universal principles concerning human rights, employment, environment and anti-corruption.

Delta Lloyd Asset Management excludes a company if it violates these principles repeatedly or seriously.

Controversial Weapons
Controversial weapons are weapons with a disproportionate number of victims, a disproportionate impact or which do not differentiate between military and civilian targets. The impact of these weapons can last for many years after their initial use.
Delta Lloyd Asset Management strongly disapproves of the production, trade and/or use of controversial weapons. We therefore exclude companies which are involved in the production and development of controversial weapons.

The list drawn up by Delta Lloyd Asset Management excludes the following types of weapons:

1. antipersonnel mines
2. biological weapons
3. chemical weapons
4. cluster weapons
5. depleted uranium
6. white phosphorus

Global Compact Principles
Exclusions Q2 - 2012
Controversial Weapons
Exclusions Q2 - 2012