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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Superannuation Fund blacklists mining firms

Posted on 14 May 2013

The New Zealand Superannuation Fund has sold its stakes in Barrick Gold and one of its subsidiaries over human rights and environmental concerns, and has blacklisted the firms.
The sovereign wealth fund said the global miner’s operations in Papua New Guinea and Tanzania conflicted with the standards contained in the UN Global Compact, and recent efforts by the company to change its ways appeared to have little chance of succeeding………………………………………..Full Article: Source


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