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Sovereign Wealth Funds Briefing - Categorized | Financials

A question of shareholder responsibility

Posted on 05 April 2013

Another blow to the palm oil industry came on March 11 when JP Morgan Asia Pacific Equity Research revealed that the Norwegian Government Pension Fund Global (GPFG) had disposed of its stakes in 23 Asian palm oil companies in 2012, including several Indonesian companies committed to the sustainability movement.
The GPFG, the world’s largest sovereign wealth fund, was reported to have divested out its stakes, citing concerns about unsustainable palm oil production. The divestments appeared to be a blanket sell-down of the sector without due consideration of company-specific plantation management practices. Some of the companies are publicly known to have progressively been adopting sustainability standards and certifications………………………………………..Full Article: Source


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