Brief: Norges Bank Says It Has Decided To Exclude Seven Companies From The Government Pension Fund Global

Texwinca Holdings

12/05/2020 23:15

May 12 (Reuters) - NORGES BANK :
    * NORGES BANK SAYS IT HAS DECIDED TO EXCLUDE SEVEN COMPANIES
FROM
THE GOVERNMENT PENSION FUND GLOBAL AND REVOKE TWO EXCLUSIONS
    * NORGES BANK-DECIDED TO EXCLUDE CANADIAN NATURAL RESOURCES,
CENOVUS, SUNCOR, IMPERIAL OIL BECAUSE OF CARBON EMISSIONS FROM
PRODUCTION OF OIL TO OIL SANDS
    * NORGES BANK SAYS ELSEWEDY ELECTRIC CO AND VALE SA EXCLUDED
AFTER
ASSESSMENT OF RISK OF CONTRIBUTION TO SEVERE ENVIRONMENTAL
DAMAGE
    * NORGES BANK-IT WAS RECOMMENDED ELSEWEDY ELECTRIC BE
EXCLUDED
BECAUSE OF ITS PARTICIPATION IN DEVELOPMENT OF HYDROPOWER
PROJECT IN TANZANIA
    * NORGES BANK SAYS IT WAS RECOMMENDED THAT VALE BE EXCLUDED
AS A
RESULT OF REPEATED DAM BREACH
    * NORGES BANK-DECIDED TO EXCLUDE ELETROBRAS BECAUSE OF
UNACCEPTABLE RISK THAT THE COMPANY CONTRIBUTES TO SERIOUS OR
SYSTEMATIC HUMAN RIGHTS VIOLATIONS
    * NORGES BANK SAYS ITS EXECUTIVE BOARD’S EXCLUSION DECISIONS
WERE
MADE BASED ON RECOMMENDATIONS FROM THE COUNCIL ON ETHICS
    * NORGES BANK SAYS IT HAS DECIDED TO REVOKE THE EXCLUSION OF
AECOM
AND TEXWINCA HOLDINGS LTD

Source text : https://bit.ly/2AnO3Aa

 ((Reuters.Briefs@thomsonreuters.com;))