Norway GPFG Excludes More Companies, 2 For Coal and 1 for Working Conditions in Vietnam
Norway Government Pension Fund Global will not be able to invest in three more companies as decided by Norges Bank.
In a statement by Norges Bank Investment Management (NBIM),
Texwinca Holdings Co,
Evergy Inc,
Washington H. Soul Pattinson & Co Ltd.,
were removed from the sovereign wealth fund’s portfolio.
Texwinca Holdings Co is a Hong Kong-based investment holding company that is engaged in activities such as knitted fabric and apparel businesses.
Norges Bank excluded this firm over its view on an unacceptable risk that the company is responsible for serious or systematic human rights violations.
Evergy is the largest electric company in Kansas.
Norges Bank excluded this firm based on an assessment of the product-based coal criterion.
Washington H. Soul Pattinson and Company Limited is an Australian conglomerate founded by businessman Lewy Pattinson. Norges Bank excluded this firm based on an assessment of the product-based coal criterion.
SWFI – Sovereign Wealth Fund Institute