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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Super Fund sells nuclear investments

Posted on 10 June 2013

The New Zealand Superannuation Fund has excluded a group of companies from its $22 billion investment portfolio because of their work with nuclear weapons. Publicly listed companies Babcock & Wilcox, Fluor Corporation, Huntington Ingalls Industries, Jacobs Engineering Group, Serco Group and URS Corporation, have been excluded under the fund’s Responsible Investment Policy.
Private company Bechtel Group, which the fund does not have holdings in, will also be excluded. Lockheed Martin, the publicly-listed weapons maker, was previously excluded on the same grounds………………………………………..Full Article: Source


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