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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway fund axes 4 Korean, Malaysian firms on environmental grounds

Posted on 18 August 2015

The Norwegian sovereign wealth fund has excluded two South Korean and two Malaysian companies from its investments due to risks of “severe environmental damage”, it said on Monday. Construction firm IJM Corp Bhd and conglomerate Genting Bhd, both of Malaysia, and steelmaker POSCO and conglomerate Daewoo International Corp of South Korea, were removed from the fund.
The world’s top sovereign wealth fund, with assets of $871 billion, has a range of ethics criteria for excluding firms from its portfolio, including environmental factors, nuclear weapons making and labour conditions………………………………………..Full Article: Source


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