Some GOOD breaking news for your Friday: the Norges Bank has decided to exclude 4 companies from the Government Pension Fund Global based on recommendations from the Council on Ethics of 15 March on the companies’ activities associated w Israeli settlements in the West Bank.
These companies include: Elco Ltd, Ashtrom Group Ltd and Electra Ltd. the recommendation was made based on the “unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations of war or conflict.”
The Executive Board also decided to exclude the company Oil & Natural Gas Corp Ltd. due to unacceptable risk that the company contributes to systematic violations of individuals’ rights based on the company’s ties to groups that seriously violate human rights in #SouthSudan.
More on this here in the official statement: nbim.no/en/the-fund/ne…
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