Norway’s sovereign fund excludes 9 more firms on ethics grounds

OSLO: Norway’s $1.07 trillion sovereign wealth fund has excluded nine more companies from its portfolio based on breaches of its ethical investment criteria, the Norwegian central bank, which manages the fund, said in a statement on Tuesday.

Evergreen Marine Corp (Taiwan) Ltd, Korea Line Corp, Precious Shipping PCL, Atal SA and Thoresen Thai Agencies PCL were among those that were excluded.

AECOM, BAE Systems, Fluor Corp and Huntington Ingalls Industries Inc were also removed from the portfolio, while the earlier exclusion of Honeywell International Inc was maintained.

Pan Ocean Co. Ltd was placed under observation, the central bank added.

Related Post

South Korea’s FLC tenders to buy up to 69,000 T corn, traders say

December 17, 2024

South Korean stocks log second weekly decline as parliament discusses President’s impeachment

December 6, 2024

Chipmakers drag South Korean shares lower; Samsung at more than 2-year low

November 11, 2024

South Korea stocks rise on moves to scrap planned tax on financial investments

November 4, 2024