The Fund will not invest in companies that derive any revenue from the production of tobacco products, production or supply of key products necessary for the production of tobacco products.

The Fund does not have any restrictions on the distribution of tobacco products, and can invest in companies involved in tobacco packaging.

The Fund does not have any restrictions on the distribution of alcoholic beverages, and can invest in companies involved in the licensing, marketing or promotion of alcoholic beverages.

The Fund will not invest in companies that derive any revenue from the production or distribution of military combat equipment, or the production, sales or provision of services related to civilian firearms, or that are involved in the production, trading or supply of key components for controversial weapons. 

The Fund will not invest in companies that generate more than 10% of their revenues from services related to combat equipment, or from the production, distribution or services related to military non-combat equipment.

The Fund will not invest in companies that derive any revenue from the exploration, processing, drilling, refining and extraction (including Unconventional Extraction) of coal, oil and natural gas, nor will the Fund invest in companies that provision financing (equity or debt) to companies engaged in such activities. 

The Fund will not invest in companies that generate more than 30% of their revenues from services related to distribution, non-specific services or equipment related to the production of coal, oil and natural gas. It will not invest in companies that generate more than 10% of their revenues from the involvement in natural gas infrastructure, or the electricity generation from natural gas and coal. The generation of electrical power from oil has a revenue threshold of 5%. 

The Fund will not invest in companies that derive any revenue from deforestation of primary forests, illegal logging activities or unsustainable harvesting, nor will the Fund invest in companies involved in the production and processing of palm oil not certified by RSPO. 

The Fund will not invest in companies that derive any revenue from animal testing not related to medical, pharmaceutical or food, or not in accordance with accepted international standards and regulations.

The Fund will not invest in companies that derive any revenue from the production of animal furs, nor will it invest in companies involved in commercial fishing. 

Companies that are involved in intensive agricultural operations with the purpose of producing food, including meat, eggs and dairy are subject to norms around animal welfare and environmental standards. No restrictions are applied to the retail or wholesale of clothing, footwear and accessories made from furs, nor restrictions are applied to commercial aquaculture.

The Fund will not invest in companies that derive any revenue from the operation or management of gambling activities. 

The Fund does not have any restrictions on the retailing of low risk gambling items such as lottery tickets or the provision of equipment and services specific to gambling.

The Fund will not invest in companies that generate more than 10% of their revenues from electricity generation from nuclear reactors. The Fund does not have any restrictions on the provision of key services to nuclear power plants, including technical support, maintenance and management of waste.

The Fund will not invest in companies that derive any revenue from the production or distribution of pornography.

Nanuk utilises internationally recognized frameworks such as the UN Global Compact in its assessment of responsible business practices and sustainability outcomes.

Nanuk utilises internationally recognized frameworks such as the UN Guiding Principles for Business and Human Rights in its assessment of responsible business practices and sustainability outcomes.

Nanuk supports the adoption of the recommendations of the Taskforce on Climate-related Financial Disclosure (TCFD) in relation to climate related reporting for companies and asset managers.

Nanuk utilises internationally recognized frameworks such as the OECD Guidelines for Multinational Enterprises in its assessment of responsible business practices and sustainability outcomes.

Nanuk utilises internationally recognized frameworks such as the UN Sustainable Development Goals in its assessment of responsible business practices and sustainability outcomes.