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Norway: Council on Ethics for govt. pension fund announces new guidelines & council

Several changes have been made to the Guidelines for observation and exclusion of Companies from the Government Pension Fund Global:

The Council will no longer submit its recommendations to the Ministry of Finance, but to the Fund’s manager, NBIM, who will decide whether or not to exclude companies or place them under observation.  Please find the new guidelines here.

A new Council has been established, chaired by Mr. Johan H. Andresen. Please find details here.

NBIM will from now on maintain the list of excluded companies.