The Pension Fund excludes any securities issued by companies or any government bonds issued by countries that systematically violate conventions or agreements ratified by Switzerland from its investment universe. This includes companies that are involved in the production of controversial weapons or countries that systematically disregard human rights for example. The Pension Fund of Credit Suisse Group (Switzerland) periodically reviews its exclusion list and may modify it at any time.
The Pension Fund currently excludes the following companies from its investment universe:
| Company | Bloomberg Company ID | ISIN | Reason for exclusion |
| Alrosa PJSC | 221549 | RU0007252813 | Conduct based |
| Anhui GreatWall Military Industry Co. Ltd. | 40403623 | CNE1000036L1 | Clustermunition |
| Aryt Industries Ltd. | 102203 | IL0005870147 | Antipersonnelmines Clustermunition |
| Bharat Dynamics Ltd. | 17554517 | INE171Z01018 | Clustermunition Nuclearweapons |
| China North Industries Group Corp | 157912 | CND10000KPW0 | Clustermunition |
| China Aerospace Science & Technology Corp | 10660637 | CND100006HP7 | Clustermunition |
| China Aerospace Science & Industry Corp Ltd | 7812460 | CND1000142N4 | Clustermunition |
| Development Bank of The Republic of Belarus | 39986494 | XS1904731129 | Conduct based |
| Energy Transfer LP | 10005604 | US29273V1008 | Conduct based |
| Gazprom PJSC | 162479 | US3682872078 | Conduct based |
| Hangzhou Hikvision Digital Technology Co Ltd | 17478485 | CNE100000PM8 | Conduct based |
| KSB Ltd. | 169653 | INE999A01015 | Nuclearweapon |
| KSB SE & Co. KGaA | 117709 | DE0006292006 DE0006292030 | Nuclearweapon |
| Larsen & Toubro Ltd. | 152324 | INE018A01030 | Nuclearweapon |
| LIG Nex1 Co., Ltd | 18235724 | KR7079550000 | Clustermunition |
| Lockheed Martin Corp. | 156923 | US5398301094 | Antipersonnelmines Clustermunition |
| Metallurgical Corp of China Ltd | 10054858 | CNE100000FX6 | Conduct based |
| MMC Norilsk Nickel PJSC | 7330859 | US55315J1025 | Conduct based |
| MTAR Technologies Ltd. | 21671379 | INE864I01014 | Nuclearweapon |
| Petroliam Nasional Bhd | 173850 | US716708AF90 | Conduct based |
| Poongsan Corp. | 14481691 | KR7103140000 | Clustermunition |
| Poongsan Holding Corp. | 129312 | KR7005810007 | Clustermunition |
| Premier Explosives Ltd. | 152507 | INE863B01011 | Nuclearweapon |
| Promsvyazbank OJSC Via PSB Finance SA | 11147779 | XS1114082206 | Conduct based |
| Raytheon Technologies Corp | 101555 | US75513E1010 | Conduct based |
| Rosneft Oil Co PJSC | 191205 | US67812M2070 | Conduct based |
| Rostelecom PJSC | 162537 | US7785291078 | Conduct based |
| Russian Agricultural Bank OJSC Via RSHB Capital SA | 10135248 | XS0979891925 | Conduct based |
| Russian Railways Via RZD Capital PLC | 19987993 | XS0609017917 | Conduct based |
| Sandhar Technologies Ltd. | 10851015 | INE278H01035 | Antipersonnelmines Nuclearweapon |
| Sberbank of Russia PJSC | 157633 | US80585Y1001 | Conduct based |
| Solar Industries India Ltd. | 10416954 | INE343H01029 | Clustermunition |
| S&T Dynamics Co. Ltd. | 117912 | KR7003570009 | Antipersonnelmines |
| S&T Holdings Co. Ltd. | 815861 | KR7036530004 | Antipersonnelmines |
| Tatneft PJSC | 178943 | US8766292051 | Conduct based |
| Tokyo Electric Power Co Holdings Inc | 114991 | JP3585800000 | Conduct based |
| Transneft PJSC | 239960 | RU0009091573 | Conduct based |
| VTB Bank PJSC | 305001 | US46630Q2021 | Conduct based |
| Walchandnagar Industries Ltd. | 198917 | INE711A01022 | Nuclearweapon |
| Wirecard AG | 1197767 | DE0007472060 | Conduct based |
Any government bonds of the following countries are excluded:
- Afghanistan
- Belarus
- Iran
- Libya
- Myanmar
- North Korea
- Russia
- South Sudan
- Sudan
- Syria
- Venezuela
- Zimbabwe
