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Sovereign Wealth Funds Briefing - Categorized | Ethical/Green Investments

Largest Sovereign Wealth Fund Drops 11 Firms over Deforestation

Posted on 11 March 2016

Norway’s Government Pension Fund Global is divesting from the companies because of their involvement in rainforest destruction. The world’s largest sovereign wealth fund, Norway’s Government Pension Fund Global, has dropped 11 companies from its portfolio over their links to deforestation.
The GPFG, which oversee’s US$828 billion worth of funds, released its annual report for 2015 on Wednesday, revealing that it had excluded six palm oil companies, four pulp and paper companies, and one coal company based on their involvement in irresponsible deforestation practices………………………………………..Full Article: Source


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