| Norway’s NOK6.7trn (€764bn) sovereign wealth fund has divested from three firms after concerns were raised over their environmental, ethical and human rights records. The fund’s Council of Ethics revealed in its 2014 annual report that Tahoe Resources, Innophos Holdings and Noble Group had been recommended for exclusion from the Government Pension Fund Global’s investment universe.
Tahoe, a mining company headquartered in the US, was criticised for activities in Guatemala that allegedly run an “unacceptable” risk of human rights violations...............................................Full Article: Source
|