World’s largest SWF bars investment in four companies for guideline breaches

Norges Bank HQ, Oslo
Norges Bank
Espen Schive

Norges Bank has excluded four companies from the portfolio of Norway’s sovereign wealth fund, due to fears they are responsible for violating ethical or environmental standards, it said on July 10.

The bank’s executive board has also placed the energy division of the US holding company Berkshire Hathaway “under observation”. Another of the companies excluded is also a subsidiary of Berkshire Hathaway, which was founded and is owned by famed US investor Warren Buffett.

Norway’s Government

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