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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments, Trends

Norway fund tightens rules to protect forests

Posted on 12 November 2012

Norway’s $650 billion sovereign wealth fund has started asking companies it invests in to minimize their impact on rainforests, green groups said on Friday, welcoming a shift they hoped would make it rethink some deals.
The fund, one of the world’s biggest investors, made the changes to its guidelines in September without fanfare. “We hope this will mean Norway stops investing and pulls out of many companies that are damaging rainforests,” said Nils Hermann Ranum, spokesman of the Rainforest Foundation Norway………………………………………..Full Article: Source


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