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14 Nov 2019

Etikkradet Statens Pensjonsfond Utland (Norwegian Government Pension Fund)

Recommendation to exclude G4S PLC from the Government Pension Fund Global (GPFG)

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The Council on Ethics recommends that G4S PLC (G4S) be excluded from investment by the Government Pension Fund Global (GPFG) due to an unacceptable risk that the company is contributing to systematic human rights violations...

Migrant workers [in Qatar and UAE] are subject to regulations that link the employee’s work permit to a specific employer... [and] with the use of recruitment fees and misleading information about working conditions, have been condemned internationally as making migrant workers vulnerable to exploitation... G4S therefore operates within a regulatory framework that limits workers’ freedom.