🎇Norway’s GPFG Banned from Investing in 9 Companies Over Nuclear Weapons.
The central bank has moved to ban nine companies from the Government Pension Fund Global. In addition, one company has been placed under observation.
The Executive Board of Norges Bank’s decisions on exclusion were made on the basis of recommendations from the Council on Ethics.
However, before moving to exclude a company, the central bank may consider other options, such as the exercise of ownership rights.
In these instances of companies, the board determined that it was appropriate to use other measures in these cases.
The Council on Ethics’ recommendations to exclude:
Risk of severe environmental damage and serious or systematic violations of human rights
Evergreen Marine Corporation (Taiwan) Ltd
Korea Line Corporation
Precious Shipping PCL
Thoresen Thai Agencies PCL
Unacceptable risk of serious or systematic violations of human rights
Atal SA
Over involvement in the production of nuclear weapons
AECOM
BAE Systems
Fluor Corporation
Huntington Ingalls Industries Inc
Honeywell International Inc (already previously excluded)
Placed Under Observation
Pan Ocean Co. Ltd
https://www.swfinstitute.org/swf-news/norways-gpfg-banned-from-investing-in-9-companies-over-nuclear-weapons/
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