In response to current events & popular demand, Nucleus Wealth is proud to announce a new suite of ethical options under the Human Rights category. These options will screen out companies that are located in countries that do not meet the criteria you have selected.
No Undemocratic Countries
Removes companies from countries that score below 7 on the Democracy Index (from the Economist Intelligence Unit). Note this category removes some countries that are rated as Flawed Democracies like Singapore, Hong Kong or Brazil. Also removes companies where more than 20% of the company is owned by a government organization from a country that rates below 7.
No Economically Repressed Countries (Worst Offenders)
Removes companies from countries that rate either “Repressed” or “Mostly Unfree” as assessed by the Index of Economic Freedom (Wall Street Journal and the Heritage Foundation). Also removes companies where more than 20% of the company is owned by a government organization from a country that is Repressed or Mostly Unfree
No Economically Repressed Countries (Any)
Removes companies from countries that are not either “Free” or “Mostly Free” as assessed by the Index of Economic Freedom (Wall Street Journal and the Heritage Foundation). Note that this category removes many European Countries like Spain or France – the “worst offenders” version does not. Also removes companies where more than 20% of the company is owned by a government organization from a country that is not free or mostly free
No Morally Repressed Countries (Worst Offenders)
Removes companies from countries that rate “Insufficient Moral Freedom” or below as assessed by the World Index of Moral Freedom. Note this category removes countries like Singapore, South Korea or China. Also removes companies where more than 20% of the company is owned by a government organization from a country that has low or very low moral freedom. Religious freedom, bioethical freedom, drugs freedom, sexual freedom, and family and gender freedom are assessed.
No Morally Repressed Countries (Any)
Removes companies from countries that score below “High Moral Freedom” on the World Index of Moral Freedom. Note this category removes countries like Japan, Singapore, South Korea or China. Also removes companies where more than 20% of the company is owned by a government organization from a country that rates poorly.
Current clients can log into their Nucleus Wealth client portal and select these new options under the ‘Ethics’ tab in their account dashboard. For a detailed explainer of the dashboard click here.
For more information and our take on recent global events impacting human rights click here.
