Exclusion List

British American Tobacco (BAT)

Philip Morris International

China Energy

Larsen & Toubro

Imperial Brands

China Huaneng

China National Tobacco Corporation (CNTC)

China Huadian

Japan Tobacco (JT)

State Power Investment Corporation (SPIC)

China National Coal Group (ChinaCoal)

China Petroleum & Chemical Corporation (Sinopec Corp)

Tata Group

China Datang

Shandong Energy Group

L3 Harris Technologies

Glencore

General Dynamics

Caesars Entertainment

Adani Group

Jardine Matheson Group

China Aerospace Science & Technology Corporation (CASC)

KEPCO (Korea Electric Power Company)

AES Corp

China National Petroleum Corporation (CNPC)

Berkshire Hathaway

Poongsan

American Electric Power (AEP)

Northrop Grumman

Banpu

Gazprom

PTT Group

China Resources

Saudi Arabian Oil Company (Saudi Aramco)

Energy Transfer

Shaanxi Coal and Chemical Industry Group

Scandinavian Tobacco Group (STG)

Siberian Coal Energy Company (SUEK)

Duke Energy

China North Industries Group (Norinco)

Jinneng Group

Turning Point Brands

SNT Holdings

Genting Group

ConocoPhillips

RTX Corp

China National Offshore Oil Corporation (CNOOC)

Sinar Mas Group

BAE Systems

Coal India