Exclusion Policy

Bluegem Capital Partners LLP

SCOPE OF THE POLICY

The Exclusion Policy is applicable to all investment advice and all assets under management of Bluegem Capital Partners LLP.

PRINCIPLES

Exclusions, also known as negative screening, avoid investing in companies or sectors that are not consistent with a responsible investment approach, due to ESG considerations or international conventions or principles (norms-based exclusion).

Bluegem decided to exclude investments in:

Arms and Weapons

We exclude all companies that produce weapons for the arms industry and all companies that produce weapons for retail purposes (i.e. for civilians) and related products, unless such activities are part of or accessory to explicit EU policies.

Tobacco, Casinos and Pornography

Tobacco has been considered to be unhealthy and has serious long-term health repercussions on users due to its addictive nature. Therefore, we exclude companies that derive a substantial portion of their revenues from manufacturing tobacco products such as cigarettes, cigars and even chewing tobacco. We also exclude all companies that derive any of their revenues from pornography. Finally, we exclude all casinos and other gambling business models.

Related supporting activities

Bluegem also excludes all investments in the research, development or technical applications relating to electronic data programs or solutions which aim specifically at supporting the activities listed above or are intended to enable to illegally enter into electronic data networks or download electronic data.

Controversial Behaviour

We strongly exclude companies that violate the United Nations Global Compact Principles (UNGC) and International Labor Organizations (ILO) Conventions. This includes violations on human rights, labour, environment and strong corruption issues.