ASR is a Dutch insurance company offering a broad range of insurance, savings and investment products and bank savings products.[1] The Netherlands was ASR.’s only shareholder from October 2008 until it began trading in 2016 on the Euronext stock exchange.[2] In 2016, ASR managed over €56 billion in assets.[3]
ASR’s Socially Responsible Investment (SRI) policy states that the insurance company “always excludes companies that produce and/or sell controversial weapons”, including nuclear weapons.[4] The policy also excludes companies involved in the production of specifically designed delivery systems.[5]
ASR applies its policy to all subsidiary activities.[6] External asset managers are also required to comply with ASR’s criteria regarding nuclear weapons.[7]
ASR’s investment portfolio is screened twice a year by Eiris[8] for companies not complying with its responsible investment policy. As of the second half of 2017, the exclusion list includes the following companies for their association with armaments: AECOM; Aerojet Rocketdyne; Aerotech; Airbus; Aryt Industries; Asahi Kasei; Aselsan Elektronik Sanayi Ve Ticaret; Ashot Ashkelon; AviChina Industry & Technology; Avon Rubber; Babcock Internationa; BAE Systems; Ball; Bechtel; Boeing; BWX Technologies; CACI InternationaL; CAE Industries; CH2M Hill; Chemring; China Aerospace; China National Nuclear Power; China Shipbuilding Industry; CNH Industrial; Cnim; Cobham; Cockerill Maintenance & Ingénierie; Cohort; CSRA; Daicel; Daikin Industries; Dassault Aviation; Day & Zimmermann; Dick’s Sporting Goods; Doosan; DUCOMMUN; E2V Technologies; Engility Holdings; Esterline Technologies; Exor; Fengfan; Financiere Richemont (Switzerland); Fluor; General Dynamics; GKN; Guandong Orient Zirconic; Hanwha Techwin; Harris; Honeywell International; Huneed Technologies; Huntington Ingalls Industries; IHI; Investor B; Jacobs Engineering; Japan Steel Works; JFE Holdings; Kaman; Kawasaki Heavy Industries; Kobe Steel; Komatsu; Kratos Defense & Security; L&T Finance Holdings; L3 Technologies; Larsen & Toubro; Leidos Holdings; Leonardo; Lockheed Martin; Man; Mantech International; Meggitt; Mercadolibre; Mitsubishi; Mitsubishi Electric; Mitsubishi Heavy Industries; Moog; Motovilikhinskiye Zavody; MTU Aero Engines; Norinco International Cooperation; Northrop Grumman; Orbital ATK; Poongsan; Premier Explosives; QinetiQ; Raytheon; Rheinmetall; Rockwell Collins; Rolls-Royce Holdings; S&T Holdings; Saab; Safran; Serco; Singapore Technologies Engineering; Sojitz; SPLAV State Research and Production Enterprise; Subaru; Sumitomo Heavy Industries; Tata Power; Temasek Holding; Textron; Thales; ThyssenKrupp; Toshiba; Ultra Electronics Holdings; United Technologies; Volvo trucks; Walchandnagar Industries and Wal-Mart Stores.[9]
[1] ASR, “About a.s.r.”, website ASR (http://asrnl.com/about-asr), viewed 23 January 2018.
[2] ASR, “Shareholders: Frequently asked questions”, website a.s.r. (http://asrnl.com/investor-relations/shareholders/faq), viewed 23 January 2018.
[3] ASR, “Financial and business performance in 2016”, available at http://asrnl.com/media/2398/fy2016-press-release-en.pdf, viewed 23 January 2018.
[4] ASR, “Socially Responsible Investment (SRI) Policy”, page 6, July 2016, available at http://asrnl.com/media/2203/sri-policy-asr-nederland-nv.pdf, viewed 23 January 2018.
[5] ASR, written response to PAX dated 2 June 2015.
[6] ASR, “Socially Responsible Investment (SRI) Policy”, page 4, July 2016, available at http://asrnl.com/media/2203/sri-policy-asr-nederland-nv.pdf, viewed 23 January 2018.
[7] ASR, written response to to PAX dated 30 November 2017.
[8] ASR, “Socially Responsible Investment (SRI) Policy”, page 3, July 2016, available at http://asrnl.com/media/2203/sri-policy-asr-nederland-nv.pdf, viewed 23 January 2018.
[9] ASR, “Overview excluded companies by controversial activities H1 2017”, available at: http://asrnederland.nl/media/2692/20171023-excluded-companies-publication-h2-2017.pdf, viewed 23 January 2018; ASR, written response to PAX dated 30 November 2017
Last updated 6 July 2018