Investment
Exclusion négative
An ESG investment process that excludes companies, sectors, or countries from a portfolio based on predefined ethical, social, or environmental criteria (e.g., tobacco, fossil fuels, weapons), as recognized by global sustainable investment standards (UN PRI, CFA Institute).
Quick answer: An ESG investment process that excludes companies, sectors, or countries from a portfolio based on predefined ethical, social, or environmental criteria (e.g., tobacco, fossil fuels, weapons), as recognized by global sustainable investment standards (UN PRI, CFA Institute).
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Quick answer
An ESG investment process that excludes companies, sectors, or countries from a portfolio based on predefined ethical, social, or environmental criteria (e.g., tobacco, fossil fuels, weapons), as recognized by global sustainable investment standards (UN PRI, CFA Institute).
Why it matters
Exclusion négative matters because it supports clear communication in Investment contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Editorial context
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Definition
An ESG investment process that excludes companies, sectors, or countries from a portfolio based on predefined ethical, social, or environmental criteria (e.g., tobacco, fossil fuels, weapons), as recognized by global sustainable investment standards (UN PRI, CFA Institute).
Operational example
Negative screening is used to systematically exclude companies engaged in controversial activities such as gambling or coal mining from ESG funds.
Localized term
Exclusion négative
Localized example
L'exclusion négative est utilisée pour éliminer systématiquement les entreprises impliquées dans des activités controversées telles que les jeux d'argent ou l'exploitation du charbon des fonds ESG.
Definition language
English reference definition
Source
CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
Target audience
- Financial Analysts
- Bankers
- Traders
