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As investors, we acknowledge that there is no such thing as a perfect company. However, before we begin the environmental, social, and governance analysis of our investment universe, we have determined that there are certain lines of business we cannot support. These exclusionary screens are applied across all our funds:
We believe capital markets are not meant to deliver products that have the potential to cause incalculable harm and therefore exclude corporations substantially involved in the production of military weapons and firearms. In addition, we exclude owners of active nuclear power plants. The dangers of weapons of mass destruction and the international arms trade are among the greatest we face today, and we are concerned about the connection between the spread of nuclear power and the proliferation of nuclear weapons, in addition to the significant risks to human health and the environment when things go wrong.
We exclude companies that are substantial owners and producers of oil or natural gas reserves1, as well as companies significantly involved in coal mining. We have made this decision in light of the financial, environmental, and moral concerns associated with fossil fuels and in recognition that divestment is a productive avenue to further the debate on climate-change risk—one of the most important and difficult issues of our time.
We also do not invest in companies that are significant manufacturers of alcoholic beverages or tobacco products, or significant providers of gambling goods and services. For these companies, effective marketing often means exploiting customers’ addictions to these products or ignorance of their risks.
These industry exclusions are a small portion of our investment universe, but are critical to our goals of universal human dignity and ecological sustainability.
In addition to these industry exclusions, we have generally avoided for-profit companies substantially involved in the operations of prisons, as well as major producers of synthetic pesticides and agricultural chemicals. This is due to significant civil and human rights and environmental concerns, respectively, related to these two businesses.
1. Companies included in the Integrated Oil & Gas or Oil & Gas Exploration & Production Industries as defined by the Global Industry Classification System (GICS)
The Domini Funds are not insured and are subject to market, sector concentration, style and foreign investing risks. Investing internationally involves special risks, such as currency fluctuations, social and economic instability, differing securities regulations and accounting standards, limited public information, possible changes in taxation, and periods of illiquidity. The Domini Impact Bond Fund is subject to credit, interest rate, liquidity, and market risks. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. You may lose money.
This information is provided for educational purposes only, and should not be considered investment advice. The composition of the Funds’ portfolios is subject to change. View the most current list of the Domini Impact Equity Fund, Domini Impact International Equity Fund and Domini Impact Bond Fund's holdings.
The social, environmental and governance standards applied to the Domini Funds are subject to change without notice, as is Domini’s analysis of any of the industries named above.
Check the background of DSIL Investment Services LLC and its investment professionals on FINRA's BrokerCheck.
Before investing, consider the Domini Funds’ investment objectives, risks, charges, and expenses. View or order a prospectus. Read it carefully.
The Domini Funds are distributed by DSIL Investment Services LLC (DSILD), Member FINRA. Domini Impact Investments LLC (Domini) is the Funds’ investment manager. The Funds are subadvised by Wellington Management Company LLP. DSILD and Domini are not affiliated with Wellington Management Company LLP.