KDDI CORP
KDDIF
Communication Services
1
exclusion reason
1 theme
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. But it is subject to change as our understanding of the facts evolves.
KDDI Corporation operates telecommunications infrastructure in Myanmar through a joint venture with Myanma Posts and Telecommunications (MPT), providing technology and engineering capacity. The Norwegian Government Pension Fund's Council on Ethics recommended exclusion on June 29, 2023, finding an unacceptable risk that KDDI contributes to serious violations of individual rights in situations of war or conflict. Norges Bank placed KDDI under three-year observation on December 18, 2023, rather than full exclusion. Following the February 2021 military coup, Myanmar's junta ordered telecom operators to install surveillance software. The Council found that KDDI "is aware that MPT has installed and activated tools" enabling "political monitoring of human rights activists, political opponents and other individuals." The surrender of personal data to military intelligence has facilitated arbitrary detention and persecution of civilians.
Research Sources
1 organization
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A digest of changes to our exclusion list — new additions, removals, and the evidence behind them. We review the list continuously as new evidence surfaces.
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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