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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Norway’s massive wealth fund pulls out of 73 companies

Posted on 05 February 2016

Norway’s huge sovereign wealth fund, the world’s biggest, announced on Thursday it had sold out of 73 companies last year because their social or environmental policies could hurt profitability.
The Norwegian state pension fund’s annual report relating to “responsible investment” did not give the names of companies, but it indicated that most were coal or energy companies using coal, as well as those involved in mining, producing cement and heavy construction. “We want to measure the risk in our investments,” said the head of the fund, Yngve Slyngstad, in a statement………………………………………..Full Article: Source


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