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.
SFL Corp Ltd operates a fleet of vessels primarily dedicated to transporting fossil fuels. The company owns and charters 14 crude oil, product, and chemical tankers. Its business model is centered on long-term charter contracts with major energy companies, directly facilitating the global trade of oil and gas. With assets totaling $3.7 billion, this maritime transportation of fossil fuels is a core and material part of its operations. The company is categorized within the fossil fuels sector by multiple sustainability screening entities, including Storebrand, which lists it under exclusion criteria for fossil fuel involvement.
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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.
Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.