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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway bars five firms from its wealth fund

Posted on 16 October 2013

Norway excluded five companies from the investments of the nation’s sovereign wealth fund, the world’s largest, for taking part in activities that damage the environment or for being linked to child labour.
Malaysia’s WTK Holdings Bhd and Ta Ann Holdings Bhd were excluded alongside China’s Zijin Mining Group and Peru’s Volcan Cia Minera SAA on the basis that their activities risk causing severe damage to the environment, the Oslo-based ministry said on Monday. India’s Zuari Agro Chemicals Ltd was also excluded “based on an assessment of the risk of contributing to the worst forms of child labour”, it added………………………………………..Full Article: Source


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