Norwegian SWF gets active in activism The fund voted in 98% of shareholder meetings for portfolio companies Norges Bank Investment Management, responsible for portfolio allocation of the world’s largest sovereign wealth fund, met with nearly 3,000 companies last year as part of its active ownership strategy. According to a report on this initiative, it held […]
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Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund, has announced the exclusion of 11 companies from its NOK10.1trn (£818.5bn) portfolio on environmental grounds. Following advice from its ethics council, Norges Bank Investment Management (NBIM), which manages the investment portfolio, has sold stakes in Canadian Natural Resources, Cenovus Energy, Suncor Energy and […]
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