| Norway's sovereign wealth fund has taken a proactive approach to encouraging businesses to improve their practices, and the scale of its holdings could give it a unique ability to influence investors and businesses. Norway, the small Scandinavian nation that boasts of glaciers and mountains and cavernous coastal fjords, says businesses and investors should take ethical and environmental considerations into account, and it’s putting its vast oil resources where its mouth is.
Earlier this week, Norway’s $900 billion sovereign wealth fund, also known colloquially as the “oil fund”, opted to drop four of Asia’s largest companies due to concern over the severe environmental damage caused by Indonesian palm oil plantations..............................................Full Article: Source
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