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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway oil fund rebuked over OECD guidelines breach

Posted on 28 May 2013

Norway’s oil fund will on Monday be officially rebuked for violating OECD guidelines over its investment in South Korean steelmaker Posco, in an embarrassment for the world’s largest sovereign wealth fund.
In a sign of the growing scrutiny the Norwegian government-backed fund is facing, the local contact point for the OECD guidelines on multinational enterprises will conclude that it “lacks a strategy for identifying and handling possible violations of human rights in the company [it] invests [in]”……………………………………..Full Article: Source


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