Coal criterion: Norges Bank to exclude 52 companies from the Government Pension Fund Global

OSLO, 18-Apr-2016 — /EuropaWire/ — Norges Bank has decided to exclude 52 companies from the Government Pension Fund Global after an assessment of companies and the new product-based coal criterion in the guidelines.

Norges Bank has decided to exclude 52 companies from the Government Pension Fund Global after an assessment of the new product-based coal criterion. The exclusions follow a first round of analysis by Norges Bank Investment Management. Further exclusions will follow in 2016.

Norges Bank’s Executive Board made the exclusion decision based on recommendations from Norges Bank Investment Management. The Executive Board has found that the recommendations satisfies the exclusion criteria and that the companies can be excluded from the fund (see § 3, subsection f, of the Guidelines for observation and exclusion from the Government Pension Fund Global).

Read the grounds for decision on product based coal exclusion at nbim.no

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