Franklin Templeton Brandywine Global Opportunistic Equity Fund

Companies of Concern

• Environmental Harm 0.78%

  • Mowi Asa

    0.78%

    ocean

    This company is harming the ocean

    Ocean Harm

    This company is harming the ocean

    Environmental Damage

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

    Mowi Asa Environmental Damage

    The Norwegian-based seafood company is heavily involved in the aquaculture industry, accounting for 23% of the global salmon market. They have been criticised for malpractice by NGO, Wildfish, for using chemical pesticides and causing animal harm in their Scottish salmon farms and by First Nation groups for environmental damage and biodiversity loss in Canada.

• Fossil Fuels 2.54%

  • Valero Energy Corp.

    1.52%
    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.

  • Delta Air Lines, Inc.

    1.01%
    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.

• Animal Cruelty 3.4%

  • Kimberly-Clark Corp.

    2.67%
    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.

  • Kansai Paint Co., Ltd.

    0.73%
    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.

• Human Rights Violations 1.06%

  • Meta Platforms, Inc.

    1.06%
    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

    The world’s largest social network (Facebook, Instagram, Messenger, WhatsApp). Company has faced claims and legal actions due to mental health harm (notably to young people), breaches of user privacy / data rights, and the spread of misinformation. Inadequate moderating in non-English speaking countries (e.g. Myanmar) allowed the platform to be used to incite ethnic violence. Removal of content moderation from strt of 2025 increases risk of social and political harm.

• Social Harm 3.1%

  • Diageo

    1.71%
    Alcohol

    Where companies are involved in the production or retail of alcoholic beverages, or alcohol-related products and services.

  • Heineken

    1.38%
    Alcohol

    Where companies are involved in the production or retail of alcoholic beverages, or alcohol-related products and services.