Glencore and Anglo American have been removed due to the fund’s product-based coal criteria, which were made stricter last year, while Vale has been barred due to environmental conduct related to repeated tailings dam breaches.
BHP’s addition to the watchlist is based on its coal activities.
The changes took effect on September 1 last year but have only now been made public to allow the fund to sell shares in the companies, a situation it said has been hampered by the market situation, including the liquidity of individual shares.
The fund owned 1.24% of Glencore, 2.4% of Anglo American and 0.54% of Vale, according to its website. It also has a 0.6% shareholding in BHP Group Ltd and a 3.83% stake in BHP Group Plc.