Government Pension Fund of Norway
Norwegian sovereign-wealth fund
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March 8 2022 | Excluded Li-Ning for human rights abuse. |
December 1 2021 | Carine Smith Ihenacho, head of Governance and Compliance, announced that portfolio companies will be asked to take more specific action on climate change. |
March 2021 | The Government Pension Fund began examining whether companies in its portfolio used forced labor from Xinjiang internment camps. |
November 14 2019 | Excluded G4S for serious or systematic human rights violations. |
2017 | Norway's population reaches 5.2 million people, highlighting the context of the Government Pension Fund's size relative to the national population. |
2016 | Norges Bank decided to exclude 52 coal companies from the fund. |
September 30 2016 | Reinstatement of ST Engineering to the fund. |
September 7 2016 | Excluded Duke Energy and 3 subsidiaries due to risk of severe environmental damage. |
June 2015 | Total of $900 billion in coal assets were agreed to be sold, with the largest holding being UK's SSE at $956 million. |
2014 | Fund divested from 53 coal companies worldwide, including 16 in the US, 13 in India, and 3 in China, reducing coal holdings by 5% to $9.7 billion. |
December 2014 | Reinstatement of Dongfeng Group to the fund. |
May 2014 | The Central Bank governor proposed raising the stock investment rate to 70 percent. |
March 2014 | Parliament appointed a panel to investigate potential divestment of coal assets, with recommendations released in December 2014 suggesting corporate engagement over complete divestment. |
April 2013 | In the second quarter, the sovereign fund became more active in corporate governance, voting in 6,078 general meetings and 239 shareholder proposals on environmental and social issues. |
March 2 2013 | Reinstatement of United Technologies Corp. to the fund. |
January 11 2013 | Excluded Babcock & Wilcox and Jacobs Engineering Group for production of nuclear arms. |
January 11 2013 | Reinstatement of BAE Systems plc, Finmeccanica S.p.A., and FMC Corporation to the fund. |
February 2012 | An investigation revealed Norway had invested over $2 billion in 15 technology companies involved in communication surveillance technologies in countries like Iran, Syria, and Burma. |
December 6 2011 | The Government Pension Fund of Norway placed Alstom under observation due to risk of gross corruption, signaling the fund's approach to ethical investment screening. |
September 30 2011 | Fund excludes FMC Corporation for production of phosphate in the occupied territories of Western Sahara. |
April 2011 | The Norwegian Ministry of Finance forecasted that the fund would reach $1 trillion by the end of 2019 in a parliamentary white paper. |
January 2011 | The foreign currency purchasing practice was suspended. |
January 31 2011 | The fund announced that its foreign currency suspension would continue into February. |
2010 | Norwegian government planned to begin investing up to 5 percent of the fund in real estate. |
November 2010 | The fund increased its daily foreign currency purchases to 800 million kroner. |
October 2010 | The Government Pension Fund of Norway began spending 600 million Norwegian kroner (approximately $136.4 million) daily on purchasing foreign currencies. |
August 24 2010 | Excluded Africa Israel Investments and Danya Cebus for violation of international humanitarian law in occupied Palestinian territory by being involved in developing settlements. |
January 19 2010 | Excluded multiple tobacco companies including Alliance One International, Altria Group, British American Tobacco, Imperial Tobacco Group, Philip Morris International, and others for tobacco production. |
This contents of the box above is based on material from the Wikipedia article Government Pension Fund of Norway, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.