…To ensure an objective assessment from several sources and perspectives, Skandia has three leading and independent service providers of sustainability analysis and incident tracking of all our investments.
If Skandia deems that a company has an unsatisfactory sustainability record or does not comply with international norms related to sustainability issues, the company is put on Skandia’s watchlist and an engagement process is initiated – either by Skandia or by one of our two suppliers of engagement services on our behalf. In those cases where we do not see a clear willingness towards more sustainable performance we will consider excluding that company from our investments. To date, Skandia has excluded a total of approx. 130 companies, of which five were related to unsustainable practices in forestry and/or palm oil plantations…