Simplicity Hedged Global Bond Fund

Companies of concern

• Human Rights Violations

  • Wells Fargo & Company 0.19%
    Business Ethics

    Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.

  • Credit Suisse Group AG 0.11%
    Business Ethics

    Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.

    CREDIT SUISSE GROUP AG Business Ethics

    Credit Suisse provides investment banking services. It has faced regulatory and legal actions related to aiding tax evasion, money laundering, corporate espionage, fraud, and breach of trade secrets. It has also been involved in multiple lawsuits related to its governance.

  • Nestle Holdings Inc 0.11%
    Human Rights Abuses

    Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.

  • Nestle SA 0.08%
    Human Rights Abuses

    Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.

    NESTLE SA Human Rights Abuses

    Nestle manufactures and sells food and beverages. The company has been criticised for exploiting local water resources for its bottled water production, which has forced underprivileged communities to pay a premium for their groundwater while alternatives have been exhausted. There have also been several allegations of labour conflicts and human rights violations in Nestle’s palm oil, coffee, fruits and seafood supply chains.

  • Thermo Fisher Scientific 0.07%
    Human Rights Abuses

    Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.

    THERMO FISHER SCIENTIFIC Human Rights Abuses

    Thermo Fisher Scientific sells scientific instruments and laboratory equipment, diagnostics consumables, and life science reagents. Thermo Fisher DNA testing kits have been linked to surveillance and discriminatory purposes by the legal authorities in Xinjiang (a region of China) for monitoring and tracking the Muslim Uyghur ethnic group and other minorities. Evidence shows Thermo Fisher Scientific continues to supply DNA sequencing products to the Xinjiang region, despite the company announcing it would halt sales to the region in 2019.

  • Credit Suisse New York 0.06%
    Business Ethics

    Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.

    CREDIT SUISSE NEW YORK Business Ethics

    Credit Suisse provides investment banking services. It has faced regulatory and legal actions related to aiding tax evasion, money laundering, corporate espionage, fraud, and breach of trade secrets. It has also been involved in multiple lawsuits related to its governance.

  • Nestle Finance Intl Ltd 0.04%
    Human Rights Abuses

    Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.

  • Meta Platforms Inc 0.01%
    Public Safety

    Where companies are involved in significant harm to individuals or communities, through the unsafe nature of their products or delivery of services and inadequate response to evidence of harm.

    META PLATFORMS INC Public Safety

    Meta is the world’s largest online social network consisting of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. The company has faced several investigations and legal action linked to privacy-related allegations, including its handling of user data, and breaches of user privacy. Meta has also been criticised for its poor governance model, as well as allowing its platform in non-English speaking countries to be used to incite ethnic violence.

• Environmental Harm

  • Bayer AG 0.04%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

    GMOs

    Where companies are involved in the development or release of GMO plants and seeds.

    Highly Hazardous Pesticides

    Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

    BAYER AG Animal Testing GMOs Highly Hazardous Pesticides

    Bayer CropScience is a chemicals company engaged in the development, manufacture and sale of insecticides, rodenticides, fungicides and herbicides. Based on the revenue data from fiscal year 2022, Bayer CropScience derived an estimated 75% of its revenue from the production and/or distribution of pesticides, particularly those classified as highly hazardous. The company is also active in plant biotechnology and the development of genetically modified seeds, and states that it tests some of its products on animals.

  • Southern Copper Corp 0.04%
    Environmental Damage

    Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.

  • Jbs Usa/Food/Finance 0.03%
    Deforestation

    Where companies are involved in, or directly linked to through their supply chain, the act of deforestation or clearance of forest that is then converted to a non-forest use.

    Environmental Damage

    Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.

  • Nutrien Ltd 0.02%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

    Highly Hazardous Pesticides

    Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

• Animal Cruelty

  • Celanese US Holdings Llc 0.05%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

  • Unilever Finance 0.05%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

  • Bayer AG 0.04%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

    GMOs

    Where companies are involved in the development or release of GMO plants and seeds.

    Highly Hazardous Pesticides

    Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

    BAYER AG Animal Testing GMOs Highly Hazardous Pesticides

    Bayer CropScience is a chemicals company engaged in the development, manufacture and sale of insecticides, rodenticides, fungicides and herbicides. Based on the revenue data from fiscal year 2022, Bayer CropScience derived an estimated 75% of its revenue from the production and/or distribution of pesticides, particularly those classified as highly hazardous. The company is also active in plant biotechnology and the development of genetically modified seeds, and states that it tests some of its products on animals.

  • Air Liquide Finance 0.02%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

  • Akzo Nobel Nv 0.02%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

  • Essity Capital Bv 0.02%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

  • Nutrien Ltd 0.02%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

    Highly Hazardous Pesticides

    Where companies are involved in the production or distribution of highly hazardous pesticides, according to the PAN International List of Highly Hazardous Pesticides.

  • Procter & Gamble Co/The 0.02%
    Animal Testing

    Where companies are involved in testing products on animals for cosmetic, personal care, household product, chemical and other uses. We do not include companies which conduct animal testing for pharmaceutical products, medical devices, biotechnology, human food, or pet food.

  • Richemont International 0.02%
    Firearms

    Where companies are involved in the manufacturing or retail of firearms, including guns, rifles, pistols, or components or services thereof.

    Fur & Speciality Leather

    Where companies are involved in the production or retail of fur & speciality leather products (where animals are raised purely for skins).

• Fossil Fuels

  • National Grid PLC 0.04% !!
    This company is expanding their fossil fuel production and
    is off track with the UN target to limit global temperature
    rise to 1.5°C
    Fossil Fuel Production

    Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

  • Ccep Finance Ireland Dac 0.02%
    Fossil Fuel Production

    Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.

• Social Harm

  • Vici Properties Lp 0.02%
    Adult Entertainment/Pornography

    Where companies are involved in the production or distribution of adult entertainment.

    Gambling

    Where companies are involved in the manufacture or retail of gambling specialised equipment, gambling supporting products and services, or gambling operations.

  • Vici Properties / Note 0.01%
    Adult Entertainment/Pornography

    Where companies are involved in the production or distribution of adult entertainment.

    Gambling

    Where companies are involved in the manufacture or retail of gambling specialised equipment, gambling supporting products and services, or gambling operations.