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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s fund excludes RTL firms

Posted on 09 May 2013

The Norwegian Government Pension Fund Global divested its interests in both companies because the two companies produce reconstituted tobacco leaf or RTL. In a statement, the two firms were excluded from the US$740 billion portfolio after the Council of Ethics recommended their removal for that specific reason.
It said, “The council underlines that RTL primarily is made from tobacco plant and therefore must be regarded as a tobacco plant. The two companies concerned state in their annual reports and investor presentations that they produce RTL.”……………………………………….Full Article: Source


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