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15 Nov 2019

Gavin Hinks, Board Agenda

Norges Bank excludes G4S from portfolio over human rights concerns

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Boardrooms were delivered a blunt reminder this week that human rights cannot be ignored.

Norges Bank, the $1,000bn sovereign wealth fund investing Norway’s oil revenues, announced it would exclude G4S from its portfolio because of an “unacceptable risk” that the company is either responsible for, or contributes to, “human right violations”...

According to Diana Eltahawy, head of the migrants programme in the Gulf for the Business and Human Rights Resource Centre: “This is why this decision is monumental and unprecedented. Human rights are just as important as climate. Companies really need to assess all their risks.”