Statement on fossil fuels and weapons industry

XDI chooses not to provide services wholly directed towards enabling the expansion of fossil fuel production and use. Specifically, we will not provide physical risk analysis for new sites for coal mines, gas or oil fields or coal or gas-fired power plants. XDI recognises that many of our existing clients and resellers provide lending, consulting services or other support to the fossil fuel industry, including its expansion. XDI views our work as crucial to helping our clients understand the costs of catastrophic climate change and informing their business decisions and strategies such that they pursue pathways towards rapid decarbonisation and resilience.

On a case by case basis, XDI may choose to add a company to the list of prohibited companies appended to this policy if XDI deems that company to be contributing to the expansion of the fossil fuel industry without appropriate plans to phase out these activities.In view of the extensive and irreparable harm caused by the international weapons industry, XDI will not provide business services to companies that dominate this industry. XDI chooses not to provide services to companies, including their associated entities, whose business depends upon the continuation of war and conflict and the misery and environmental damage it inflicts. Specifically, XDI will not provide services to those among the 100 largest weapons manufacturers that derive 50% or more of their revenue from weapon sales. These companies will be those identified by the Stockholm International Peace Research Institute in 2021 or their associated entities.