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Prohibited Investment List
Companies listed below have been deemed prohibited from investment through laws set forth in Article 1 of the Illinois Pension Code and approved by the Illinois Investment Policy Board.
The following lists are being revised: Iran Restricted Companies, Sudan Restricted Companies, and Expatriated Entities.
Iran Restricted Companies
China National Petroleum Corporation
China Petrochemical Corporation
CNOOC Curtis Funding No. 1 Pty Ltd.
CNPC (HK) Overseas Capital Ltd.
CNPC General Capital Limited
Shell International Finance B.V.
Shell PLC
Sinopec Group Overseas Development (2012) Limited
Sinopec Group Overseas Development (2013) Limited
Sinopec Group Overseas Development (2014) Limited
Sinopec Group Overseas Development (2016) Limited
Sinopec Group Overseas Development (2017) Limited
TotalEnergies Capital Canada Ltd.
TotalEnergies Capital International SA
TotalEnergies Capital SA
TotalEnergies SE
*Denotes the company is currently in talks with the IIPB on the issue
Companies that Boycott Israel
ADIDAS AG
AIR CANADA*
ALSTOM SA
ASN Bank NV
Betsah Invest SA
BOMBARDIER INC.
Brimstone Investment Corporation Limited
Cactus SA
CAISSE DES DEPOTS ET CONSIGNATIONS
The Co-operative Group Limited
CO-OPERATIVE GROUP LIMITED
DALI CAPITAL PUBLIC LIMITED COMPANY
Danske Bank
de Volksbank N.V.
DEXIA S.A.
DNB ASA
Dutch Lion B.V.
Dutch Lion Cooperatief U.A.
Guloguz Dis Deposu Ticaret Ve Pazarlama Ltd
HEMA BV
Karsten Farms
KLP Kapitalforvaltning AS
Kommunal Landspensjonskasse
KOMMUNAL LANDSPENSJONSKASSE GJENSIDIG FORSIKRINGSSELSKAP
KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO.,LTD.
Nordea Bank Abp
Pensionskassernes Administration A/S
PFA Pension Forsikrings AS and Storebrand
Sampension Kp Livsforsikring A/S
SNS Bank NV
Stichting Administratiekantoor Beheer Financiele Instellingen
Storebrand ASA
Unilever PLC
VEOLIA ENVIRONNEMENT SA
WILLOW NO.2 (IRELAND) PLC
*Denotes the company is currently in talks with the IIPB on the issue
Expatriated Entities
Nabors Industries Ltd.
James River Group Ltd.
Rowan Cos. Plc
Samsonite International SA
CardTronics
Theravance Biopharma Inc.
*Denotes the company is currently in talks with the IIPB on the issue
**Pursuant to 40 ILCS 5/1-110.16, the IIPB was required to include companies identified as expatriated entities in the list of restricted companies by April 1, 2018. Notice has been sent to these companies pursuant to 40 ILCS 5/1-110.16(e)(1) prior to taking final action.
Sudan Restricted Companies
**Pursuant to 40 ILCS 5/1-110.17, the Illinois Investment Policy Board submitted written notification to the General Assembly on September 9, 2021, indicating an intent to cease divestment actions relating to Sudan-restricted companies. As the required statutory one-year notice period has expired, as of October 1, 2022, the Illinois Investment Policy Board has ceased all actions to require divestment, identify restricted companies, or prohibit transactions relating to Sudan-restricted companies. A copy of the letter is available on the IIPB website.