Norway's Central Bank Excludes Three Companies from Sovereign Wealth Fund over Ethical Concerns

On May 15, Norway's central bank announced the exclusion of three companies from its government pension fund, citing ethical considerations.

On May 15, Norway's central bank announced the exclusion of three companies from its government pension fund, citing ethical considerations.

Companies Excluded: – Adani Ports and Special Economic Zone (India) – L3Harris Technologies (USA) – Weichai Power (China)

 Adani Ports: Due to concerns about the company's contribution to serious violations of individuals' rights in war or conflict situations.

L3Harris Technologies: Excluded due to its development and production of components for nuclear weapons.

Weichai Power: Over worries about the company's involvement in sales of weapons to states in armed conflicts, potentially breaching international rules.

Weichai Power: Over worries about the company's involvement in sales of weapons to states in armed conflicts, potentially breaching international rules.

Norway's central bank's decision to exclude these companies underscores the growing emphasis on ethical investing and corporate responsibility in the global financial landscape.