Exclusionary screens (normative)

Exclusion of issuers who violate internationally agreed norms and conventions. In practice, the ten principles of the United Nations Global Compact are widely used as a universal standard. UNGC principles are shaped by the Universal Declaration of Human Rights, International Labour Organization’s Declaration on Fundamental Principles and Rights at Work, Rio Declaration on Environment and Development, and United Nations Convention against Corruption. By extension, exclusionary screens have come to refer to the exclusion of companies for their controversial environmental or social practices, even though neither are the subject of actual norms.