The Fund will not make any investments that involve any of the following activities (known as the “Excluded Activities”):
- (a) Production or trade in any product or activity deemed illegal under host country laws or regulations or international conventions and agreements, or subject to international phase-outs or bans, such as pharmaceuticals, chemicals, pesticides/herbicides, ozone depleting substances , and polychlorinated biphenyls , and bans pursuant to the Convention on International Trade in Endangered Species of Wild Fauna and Flora;
- (b) Production or trade in weapons and munitions;
- (c) Production or trade in alcoholic beverages;
- (d) Production or trade in tobacco;
- (e) Gambling, casinos and equivalent enterprises;
- (f) Production of or trade in radioactive materials, save for the purchase of medical equipment, quality control (measurement) equipment and any equipment where the General Partner considers the radioactive source to be trivial and/or adequately shielded;
- (g) Production of or trade in unbounded asbestos fibers;
- (h) Drift net fishing in the marine environment using nets in excess of 2.5 km in length;
- (i) Production or activities involving forced labor (i.e. all work or service, not voluntarily performed, that is extracted from an individual under threat of force or penalty) or harmful child labor (i.e. the employment of children that is economically exploitive, or is likely to be hazardous, or to interfere with the child's education, or to be harmful to the child's health, or physical, mental, spiritual, moral, or social development);
- (j) Commercial logging operations for use in primary tropical moist forest;
- (k) Production or trade in wood or other forestry products other than from sustainable managed forests.
- (l) Destruction of Critical Habitat
- (m) Production and distribution of racist, anti-democratic and/or neo-nazi media.
- (n) Any business relating to pornography or prostitution.
- (o) Cross-border trade in waste and waste products unless compliant to the Basel Convention and the underlying regulations.
The Fund shall not be prohibited from making investments that involve any of the activities listed under (b), (c), (d) or (e) above provided that the target company in question is not substantially involved in the activity concerned and such activity is merely ancillary to such target company's primary operations.
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About The Fund