Many of our iShares sustainable ETFs seek to track an index with business involvement screens. Business involvement screens seek to remove exposure to controversial business activities that may pose risks or violate an investor’s preferences. Learn more about the specific screens below.
INDEX SCREEN DEFINITIONS FOR THE iSHARES MSCI WATER MANAGEMENT MULTISECTOR ETF
RELATED iSHARES FUNDS
| SCREEN | DEFINITION |
|---|---|
| Civilian Firearms | All companies that manufacture firearms and small arms ammunitions for civilian markets. It does not cover companies that cater to the military, government, and law enforcement markets. All companies deriving 5% or more revenue from the distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use. All companies deriving USD 20 million or more revenue from the production and distribution (wholesale or retail) of firearms or small arms ammunition intended for civilian use. |
| Controversial Weapons | All companies with any tie to Controversial Weapons (cluster munitions, landmines, depleted uranium weapons, biological/chemical weapons, blinding lasers, non-detectable fragments and incendiary weapons), as defined by the methodology of the MSCI Global Ex-Controversial Weapons Indexes available at https://www.msci.com/index-methodology. |
| Oil Sands Extraction | All companies deriving 5% or more revenue from oil sands extraction for companies that own oil sands reserves and disclose evidence of deriving revenue from oil sands extraction. This factor does not cover revenue from non-extraction activities (e.g. exploration, surveying, processing, refining); ownership of oil sands reserves with no associated extraction revenues; revenue from intra-company sales. |
| Thermal Coal | All companies deriving 5% or more revenue (either reported or estimated) from the mining of thermal coal (including lignite, bituminous, anthracite, and steam coal) and its sale to external parties. It does not cover revenue from metallurgical coal, coal mined for internal power generation (e.g., in the case of vertically integrated power producers), intracompany sales of mined thermal coal, and revenue from coal trading. All companies deriving 5% or more revenue (either reported or estimated) from thermal coal-based power generation. |
| Tobacco | All companies that manufacture or license tobacco products, such as cigars, blunts, cigarettes, e-cigarettes, inhalers, beedis, kreteks, smokeless tobacco, snuff, snus, dissolvable and chewing tobacco. It covers companies that grow or process raw tobacco leaves. All companies deriving 15% or more revenue from the distribution, retail sales, or supply of products essential to the tobacco industry. All companies that own 20% to 49.99% of a company with involvement or are 50% or more owned by a company with involvement. |