Sat, Mar 28, 2015
A A A
Welcome kivanova2
RSS

Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway blacklists 2 Malaysian logging companies for ’severe environmental damage’ in Borneo

Posted on 15 October 2013

Norway’s $760 billion pension fund has divested from two Malaysian forestry companies due to ’severe environmental damage’. On Saturday, the Norwegian Government Pension Fund Global (GPFG) — the world’s largest sovereign wealth fund — announced it has sold stakes in WTK Holdings Berhad and Ta Ann Holdings Berhad, Malaysian companies with extensive logging operations and timber plantations.
The decision is based on recommendations from the fund’s Council on Ethics, which conducted an investigation that found “unacceptable risk” of large-scale forest destruction, non-compliance with environmental laws, and poor forest management practices………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15976 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
M T W T F S S
« Feb    
 1
2345678
9101112131415
16171819202122
23242526272829
3031