10 Feb '18, 4pm

#PalmOil

#PalmOil

Norway’s Government Pension Fund Global (GPFG), which manages $828 billion worth of funds, released its annual report for 2015 today, revealing that six palm oil companies, four pulp and paper companies, and one coal company were dropped from its investment portfolio. Lars Løvold, director of the NGO Rainforest Foundation Norway, said that the GPFG’s actions show that companies involved in deforestation risk being cut off from international investment. Despite dropping these holdings, the fund still has as much as $13 billion invested in high deforestation risk business sectors. Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund, dropped 11 companies in 2015 over their connections to forest destruction. The GPFG, which manages $828 billion worth of funds, released its annual report for 2015 today, revealing that six palm oil companies...

Full article: https://news.mongabay.com/2016/03/worlds-largest-sovereig...

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via @Mongabay

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