Norway hands SWF ethical investment responsibilities to central bank

Norges Bank

The Norwegian finance ministry has adopted a report recommending changes to the way the country's sovereign wealth fund – the Government Pension Fund Global (GPFG) – is run, including giving more power over its ethical investment policy to the fund managers at the Norwegian central bank.

Norges Bank Investment Management (NBIM), the arm of Norges Bank that runs the fund, will then be responsible for deciding which companies to exclude from its investments on ethical grounds. It will also be expe

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