GAIL (India) Limited is screened out under 2 exclusion reasons spanning 1 issue category.
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. It is a statement of values.
GAIL (India) Limited is a state-owned natural gas processing and distribution company. The available evidence does not specify the company's activities in occupied or disputed territories. Further research is required to identify any specific operations, projects, or material support GAIL provides in such regions, which would be necessary to substantiate this exclusion under the firm's criteria.
GAIL (India) Limited is a partner in the Shwe natural gas project in Myanmar, a country experiencing an active and severe internal armed conflict following the 2021 military coup. The project transports offshore gas via pipeline through Rakhine State and other conflict-affected regions to China. According to reports from human rights organizations, the project and its associated infrastructure have been linked to serious human rights impacts, including allegations of land confiscation, forced labor, and violence against local communities. The revenues from such resource extraction projects provide material support to Myanmar’s military junta, which is engaged in widespread violence against civilians. No evidence was found to support an affirmative defense that GAIL’s involvement provides an essential civilian service that would leave the population materially worse off without it; the project primarily exports gas to China.
Research Sources
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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.
This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.
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