KLD’s Sudan Compliance Service is designed to meet the needs of institutional investors and money managers implementing engagement and/or divestment mandates associated with publicly traded companies conducting business in Sudan.
KLD Sudan Compliance Products—Standard Divestment and Targeted Divestment
KLD offers two Sudan Products: Standard Divestment and Targeted Divestment. KLD designed its Standard Divestment product to identify all companies conducting business in Sudan and to meet the guidelines of the State of Illinois divestment legislation. KLD designed its Targeted Divestment product to identify companies with major involvement in Sudan and to meet the legislative requirements delineated by the Sudan Divestment Task Force. Legislation based on the Task Force’s Sudan divestment criteria has been passed in at least a dozen states and is in progress in many more.
KLD and the Sudan Divestment Task Force
KLD meets regularly with the Sudan Divestment Task Force to discuss selected companies in KLD’s Targeted Divestment product and to discuss interpretation of the Sudan divestment guidelines recommended by the Task Force. While KLD consults with the Task Force on legislative criteria and certain companies, KLD independently performs all of the research involved in creating the product. The Task Force recommends KLD’s Targeted Divestment product to pension funds mandated to divest from Sudan.
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