PIE Conservative Fund

Companies of concern

• Environmental Harm

  • Newcrest Mining Ltd 0.58%
    Environmental Damage

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

• Animal Cruelty

  • Exxon Mobil Corp 0.91% !!
    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
    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.

    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.

    EXXON MOBIL CORP Animal Testing Fossil Fuel Production

    ExxonMobil, headquartered in the USA, is an integrated oil and gas company that explores for, produces, and refines oil around the world. The company is engaged in the exploration and production of crude oil and natural gas, as well as in the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and speciality products. Between 2021 and 2023, the company spent an average of USD $1,355 million per year on exploration activities alone. After generating 1,630 million barrels of oil in 2023, the company plans to expand their operations by an additional 7,930 million barrels in the short term (1-7 years). This is the largest amount of expansion relative to current operations of any of the major oil and gas companies.

    The expansion is also proposed to extend far and wide across the globe, including in Australia, Papua New Guinea, Indonesia, Malaysia, Thailand, Kazakhstan, Azerbaijan, Iraq, Qatar, UAE, Yemen, Chad, Angola, Nigeria, Equatorial Guinea, Argentina, Guyana, USA, Canada, the UK, Germany, Netherlands, and Russia. Evidence shows the company is far from being on a climate change pathway aligned with 1.5°C of global temperature rise, as the company’s planned short-term expansion overshoots the IEA Net-Zero Emissions Scenario by 55.2%.

  • LVMH Moet Hennessy Vuitt 0.85%
    Animal Welfare Issues

    Where companies, through their products or operations, cause harm to animals e.g., animal entertainment (such as marine parks and rodeos), livestock exports, whale meat etc.

    Fur & Speciality Leather

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

  • Shin-Etsu Chemical Co Ltd 0.01%
    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.

• Weapons

  • Amphenol Corp-Cl A 0.62%
    Military Weapons

    Where companies derive revenue from the manufacturing of weapons or weapon components and services to the defence industry. We do not include non-weapons-related military support.

• Fossil Fuels

  • Exxon Mobil Corp 0.91% !!
    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
    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.

    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.

    EXXON MOBIL CORP Animal Testing Fossil Fuel Production

    ExxonMobil, headquartered in the USA, is an integrated oil and gas company that explores for, produces, and refines oil around the world. The company is engaged in the exploration and production of crude oil and natural gas, as well as in the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and speciality products. Between 2021 and 2023, the company spent an average of USD $1,355 million per year on exploration activities alone. After generating 1,630 million barrels of oil in 2023, the company plans to expand their operations by an additional 7,930 million barrels in the short term (1-7 years). This is the largest amount of expansion relative to current operations of any of the major oil and gas companies.

    The expansion is also proposed to extend far and wide across the globe, including in Australia, Papua New Guinea, Indonesia, Malaysia, Thailand, Kazakhstan, Azerbaijan, Iraq, Qatar, UAE, Yemen, Chad, Angola, Nigeria, Equatorial Guinea, Argentina, Guyana, USA, Canada, the UK, Germany, Netherlands, and Russia. Evidence shows the company is far from being on a climate change pathway aligned with 1.5°C of global temperature rise, as the company’s planned short-term expansion overshoots the IEA Net-Zero Emissions Scenario by 55.2%.

  • Genesis Energy Ltd 0.81%
    Fossil Fuel Power Generation

    Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.

    GENESIS ENERGY LTD Fossil Fuel Power Generation

    Genesis Energy is engaged in energy generation, trading and selling of electricity, and owns a portfolio of fossil fuel and renewable generation assets across New Zealand. Evidence shows that thermal generation from gas represents a significant portion of the company's total power generation (from the Huntly power station), and that oil and gas power revenues represent approximately 35% of the company's total revenue.

  • Nextera Energy Partners Lp 0.46%
    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.

  • Itochu Corp 0.01% !!
    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.

  • Mitsubishi Corp 0.01% !!
    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.

  • Mitsui & Co Ltd 0.01% !!
    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.