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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norwegian Parliament calls for stronger implementation of no-deforestation policy for investments

Posted on 13 June 2013

Norway’s $700 billion sovereign wealth fund last year stepped up its no-deforestation policy, asking portfolio companies to disclose their impacts on tropical forests as part of the fund’s risk management strategy related to climate change. It divested from 23 palm oil companies found to be non-compliant with its policy.
Now the Norwegian Parliament is calling for stricter criteria, including a provision that tree plantations should not count as regrowth of natural forest………………………………………..Full Article: Source


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