PT Hanjaya Mandala Sampoerna Tbk
PHJMF
2
exclusion reasons
1 theme
PT Hanjaya Mandala Sampoerna Tbk 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.
PT Hanjaya Mandala Sampoerna Tbk is Indonesia's leading tobacco manufacturer, founded in 1913. The company's primary business activity is the manufacturing and trading of cigarettes, including hand-rolled kreteks (SKT), machine-rolled clove cigarettes (SKM), and machine-made white cigarettes. Tobacco and nicotine products constitute its core product line.
The Council on Ethics for the Norwegian Government Pension Fund Global (GPFG) has recommended the company's exclusion from investment due to its involvement in the production of tobacco products. Available evidence indicates the tobacco industry, within which Sampoerna operates, has been associated with systemic issues of corruption, though specific, material incidents directly attributable to the company were not detailed in the gathered sources.
Research Sources
1 organization
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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.
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