| The human rights strategy adopted by the world’s largest sovereign wealth fund shows that long-term gain relies on social and environmental sustainability. We may be on the brink of a real breakthrough in responsible investing thanks to a new policy on human rights adopted by Norway’s sovereign wealth fund.
Since 2013, a substantial segment of the palm oil industry and the buyers of their product have adopted strong forest conservation policies, often described as “No deforestation, no peat, no exploitation”. NGO campaigns and consumer reactions have built up the pressure. But when the world’s largest sovereign wealth fund, the Norwegian Government Pension Fund Global (GPFG), withdrew its investment in 23 palm oil companies in 2012, the news sent shockwaves through the industry...............................................Full Article: Source
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