| The Norwegian central bank (Norges Bank) has, as the first in the world, excluded 52 companies from its Government Pension Fund based on the companies inexpedient use of coal in their business activities. Philippine Aboitiz Power (AP) and 7 Chinese and 2 Hong Kong companies was hit by the exclusion.
The decision to exclude companies that doesn’t live up to the ethical guidelines determined by the Council on Ethics for the Government Pension Fund. 120 companies are right now listed for reasons as corruption, violations on human rights, production of tobacco, nuclear weapons etc...............................................Full Article: Source |