{"id":9760,"date":"2025-02-17T12:55:10","date_gmt":"2025-02-17T10:55:10","guid":{"rendered":"https:\/\/pensioenfondsrobeco.nl\/?page_id=9760"},"modified":"2026-04-21T12:28:38","modified_gmt":"2026-04-21T10:28:38","slug":"exclusions","status":"publish","type":"page","link":"https:\/\/pensioenfondsrobeco.nl\/en\/sustainability-report\/exclusions\/","title":{"rendered":"Exclusions"},"content":{"rendered":"<div class=\"contentblok header has_content\" id=\"block_acf-block-69e74b9f77581\">\r\n    <div class=\"header_top d-flex flex-column verloop-blauworanje\">\r\n                        <div class=\"breadcrumbs\" data-aos=\"fade-in\" data-aos-delay=\"100\">\r\n                    <div class=\"container\">\r\n                        <div class=\"row\">\r\n                            <div class=\"col-12 col-md-10 offset-md-1\">\r\n                                <p id=\"breadcrumbs\"><span><span><a href=\"https:\/\/pensioenfondsrobeco.nl\/en\/\">Home<\/a><\/span><\/span><\/p>                            <\/div>\r\n                        <\/div>\r\n                    <\/div>\r\n                <\/div>\r\n                        <div class=\"header_titel\" data-aos=\"fade-in\" data-aos-delay=\"100\">\r\n                <div class=\"container\">\r\n                    <div class=\"row\">\r\n                        <div class=\"col-12 col-md-10 offset-md-1 tekst-white\">\r\n                            <header><h1>Exclusions<\/h1><\/header>                        <\/div>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div> \r\n                                    <\/div>\r\n    <div class=\"header_bottom\" data-aos=\"fade-in\" data-aos-delay=\"400\">\r\n        <div class=\"header_afbeelding\"><div class=\"container\"><img decoding=\"async\" data-no-lazy=\"1\" src=\"https:\/\/pensioenfondsrobeco.nl\/wpsite\/wp-content\/uploads\/pensioenfonds_robeco_headerbeeld-3-aspect-ratio-1290-332-17.jpg\" srcset=\"https:\/\/pensioenfondsrobeco.nl\/wpsite\/wp-content\/uploads\/pensioenfonds_robeco_headerbeeld-3-aspect-ratio-1290-332-17.jpg 1290w, https:\/\/pensioenfondsrobeco.nl\/wpsite\/wp-content\/uploads\/pensioenfonds_robeco_headerbeeld-3-aspect-ratio-1290-332-17-767x197.jpg 767w, https:\/\/pensioenfondsrobeco.nl\/wpsite\/wp-content\/uploads\/pensioenfonds_robeco_headerbeeld-3-aspect-ratio-1290-332-17-567x146.jpg 567w, https:\/\/pensioenfondsrobeco.nl\/wpsite\/wp-content\/uploads\/pensioenfonds_robeco_headerbeeld-3-aspect-ratio-1290-332-17-768x198.jpg 768w\" sizes=\"(max-width: 2000px) 100vw, 2000px\" class=\"img-fluid\" alt=\"pensioenfonds_robeco_headerbeeld-3-aspect-ratio-1290-332\" \/><\/div><\/div>            <div class=\"header_content_container\">\r\n                <div class=\"container\">\r\n                    <div class=\"row\">\r\n                        <div class=\"col-12 col-md-10 offset-md-1 col-lg-8 last_no_margin ruimterechts\">\r\n                            <div class=\"header_content extra_padding\">\r\n                                <div class=\"row\">\r\n                                    <div class=\"col-12 last_no_margin\">\r\n                                        <h2>Some products and business practices are incompatible<\/h2>\n<h4>We believe that some products and business practices are harmful to society and incompatible with sustainable investment strategies and are excluded.<\/h4>\n                                    <\/div>\r\n                                <\/div>\r\n                            <\/div>\r\n                        <\/div>\r\n                    <\/div> \r\n                <\/div>\r\n            <\/div>\r\n            <\/div>\r\n\r\n    \r\n<\/div>\n\n<div class=\"contentblok content\" id=\"block_acf-block-69e74b9f78868\">    \n        <div class=\"container\">\n        <div class=\"row row_content\">\n            <div class=\"col-12 col-md-10 col-lg-8 offset-lg-1\">\n                <div class=\"last_no_margin extra_padding\">\n                    <p>We therefore aim to avoid investments that we do not consider suitable. In doing so, we adhere to the <a href=\"https:\/\/www.robeco.com\/files\/docm\/docu-exclusion-policy.pdf\" target=\"_blank\" rel=\"noreferrer\" target=\"_blank\" rel=\"noopener\">criteria of our sponsor Robeco<\/a>.<\/p>\n<p>The impact of exclusions is limited for most investment funds. For investment funds in developed markets, less than 2% of the benchmark is excluded. An exception to this is the Sustainable Global Stars Equities Fund, which applies a more stringent exclusion list.<\/p>\n<p>Every six months, the fiduciary manager reviews the funds in the portfolio against the pension fund\u2019s exclusion policy. On one occasion, a single fund deviated marginally from the policy, involving very small holdings. This is accepted by the pension fund.<\/p>\n                <\/div>\n            <\/div>\n                            <aside id=\"sidebar_rechts\" class=\"col-12 col-lg-3\">\n\n                <!-- SIDEBAR STANDAARD - MET INLOG BUTTON EN DOWNLOADS -->\n                \n                <!-- SIDEBAR LEES MEER - MET PAGINA'S -->\n                                <div class=\"sidebar_rechts_leesmeer\">\n                    <h4 class=\"tekst-primary\">Read more<\/h4>\n                    <ul class=\"sidebar_leesmeer\">\n                                                    <script>\n                                console.log(\"sustainability-report-2025\");\n                                console.log(\"exclusions\");\n                            <\/script>\n                            <li class=\"\">\n                                <a href=\"https:\/\/pensioenfondsrobeco.nl\/en\/sustainability-report\/\" class=\"tekst-black\">Sustainability Report 2025 <i class=\"fa-regular 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