02.07.2015 - Norway Oil Fund Asked to Divest Coca-Cola Shares
Activists from India and Norway are calling on Norway’s Government Pension Fund Global – the world’s largest sovereign wealth fund – to exclude the Coca-Cola company from its investment portfolio because of the company’s irresponsible water management practices in India. The Government Pension Fund Global (the Fund), with a market value of 6,970 billion Norwegian Kroner (US$ 890 billion), has close to US$ 1 billion invested in the Coca-Cola company alone, and also has shares in other Coca-Cola related companies. FIVAS – Foreningen for Internasjonale Vannstudier (Association for International Water Studies), a Norway-based NGO has produced a report – Dead in the Water – that highlights Coca-Cola’s water mismanagement in India. The report makes the case for the Fund to divest from the Coca-Cola company because the investment is financially risky and undermines social and environmental sustainability...............................................Full Article: Source
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