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Norway's $1.3trn wealth fund blacklisted companies for ethical misconduct - including Sasol, Glencore


By Ott Ummelas and Lars Erik Taraldsen
(Bloomberg) – Norway’s $1.3trn wealth fund blacklisted 15 companies last year, including Glencore, as part of a strategy by the world’s biggest sovereign investor to fight unethical conduct at some of the most powerful corporations.
Other companies added to the Oslo-based fund’s exclusion list in 2020 were RWE AG, Canadian Natural Resources Limited and Anglo American, the investing behemoth said in a report.
“We divest from companies where we no longer wish to be a shareholder for ethical or sustainability reasons,” the fund said. “By not investing in these companies, we reduce our exposure to unacceptable risks.” ....

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