Tag: Council on Ethics

Asset Allocation July 12, 2023

Norway’s Pension Fund Global Excludes Chinese Firm for Environmental Damage Risk

The $1.4 trillion pension giant also placed U.K.-based Petrofac on observation over allegations of corruption and bribery.

Asset Allocation June 1, 2023

Norway Pension Board Puts Indonesian Firm Under Observation

Indonesia’s largest cement producer allegedly presents a risk of damage to prehistoric cultural heritage sites.

Newsmakers March 25, 2022

Norway’s Sovereign Wealth Fund to Exclude Chinese Firm Over Human Rights Abuses

Norges Bank says the risk is too high that sportswear and equipment maker Li Ning may be using forced labor.

Asset Allocation April 14, 2021

Norway Pension Giant Asked to Shed 25% to 30% of Companies from Index

Finance Ministry calls for the Government Pension Fund Global to drop up to 2,200 equity investments.

Asset Allocation September 3, 2020

Norway Pension Giant Drops Three Companies over Alleged Human Rights Violations

The $1.17 trillion fund also placed PetroChina on watch for three years over ‘gross corruption.’

News November 27, 2019

Norway Pension to Exclude UK Security Firm G4S  

Fund says firm is risky due to ‘systematic human rights violations.’