Buy weapons without a guilty conscience – Diepresse.com
No money for environmental destroyers and weapon manufacturers. Norway’s pension fund is considered the gold standard for ethical investment. Just there you are considering buying armor shares again.
When Nicolai has something to say, CEOs and fund managers usually listen very closely. After all, the Norwegian, as the head of his country’s 1700 billion euros, is something like the largest shareholder in the world. In theory, the Government Pension Fund Global (GPFG) belong to 1.5 percent of all listed corporations worldwide. But the Norwegian pension fund is not only large, it is also the bulwark for responsible investing.
In the 1990s, the Norwegians decided that the fund has to follow strict ethical rules when the country’s profits are disputed from the country’s oil and gas transactions, even if there are a few percentage points on return. Companies that destroy the environment, violate human rights or produce controversy weapons does not get a crown from the Norwegian treasure. The GPFG has only put 1.4 billion euros in two wind farms. Since the beginning of the year, all companies that take animal experiments have also been on the black list. But the strong focus on the good conscience in the investment is increasingly under pressure.
