The Fund does not invest in companies that derive any revenue from the production of tobacco and alternative smoking products.

The Fund does not invest in companies that derive more than 5% of their revenues from the sale of tobacco and alternative smoking products.

The Fund does not invest in companies that derive more than 5% of their revenues from the production and sale of alcoholic drinks.

The Fund does not invest in companies that derive any revenue from the production of controversial weapons, which are land mines, cluster munitions, biological/chemical weapons, and nuclear weapons.

The Fund does not invest in companies that derive more than 5% of their revenues from the production of weapons.

The Fund does not invest in companies that derive more than 5% of their revenues from the extraction and refining of coal, oil, and gas, and companies engaged in fossil fuel power generation. Investment in companies generating power from natural gas may be allowed in cases where the company's strategy involves a transition to renewable energy power generation.

The Manager will also review the Fund's investments, on a case by case basis, in light of any labour and ethical considerations researched and raised, and may take steps to realise, reduce or cease making further investments in such organisations or securities. However the Manager does not have any predetermined view, fixed methodology or weighting.

The Fund does not invest in companies that derive more than 5% of their revenues from the manufacture or sale of chemicals or products containing chemicals, subject to bans or severe restrictions in major markets around the world. This includes ozone depleting substances, microbeads, persistent organic pollutants, and the manufacture of any other substances banned or restricted under international conventions. The Manager also avoids companies operating in contentious industries, including cement, fishing, mining, palm oil and timber, unless the company is taking action to mitigate negative impacts.

The Fund does not invest in companies that derive more than 5% of their revenues from animal testing for non-medical purposes. The Manager allows animal testing for medical purposes only where the company employs best practices in accordance with the 3Rs policy of refinement, reduction and replacement.

The Fund does not invest in companies that derive more than 5% of their revenues from the sale or manufacture of animal fur products, involved in intensive farming, and the production or processing of meat/poultry or dairy products or eggs, or whose primary activity involves their sale.

The Fund does not invest in companies that derive more than 5% of their revenues from activities related to gambling, which are companies that own or operate gambling facilities or provide support or services to the gambling industry.

The Fund does not invest in companies that derive more than 5% of their revenues from the deliberate release of genetically modified organisms. Investment in companies where genetic technologies are used for medical or industrial applications may be acceptable, as well as companies that use or sell products that make use of such technologies.

The Fund does not invest in companies that derive more than 5% of their revenues from activities involved in the uranium fuel cycle, treat radioactive waste, or supply specialist nuclear related equipment or services for constructing or running nuclear plants or facilities. 

The Fund does not invest in companies that derive more than 5% of their revenues from publishing, printing or distributing newspapers or magazines or distributing films or videos classed as pornographic material.

Excludes companies in violation of the UNGC principles as part of its investment process and supports organisations that elect to become official signatories.

The Janus Henderson Global Sustainable Equity Strategy welcomes and fully endorses the recommendations of the Financial Stability Board's TCFD.

The Fund uses a variety of metrics and tools to manage and monitor the impact of climate change on the portfolio, as well as being aligned with the Paris Agreement.

Janus Henderson supports all 17 Sustainable Development Goals (SDGs) through its Global Sustainable Equity Fund and supports nine SDGs through its carbon offset portfolio (SDG 3, 4, 5, 7, 8, 9, 12, 13, 15).