[PDF] Annual Report 2009

Author: Council on Ethics for the Norwegian Government Pension Fund Global, Published on: 1 March 2010

The Council on Ethics for the Norwegian Government’s Pension Fund Global…makes recommendations…on the potential exclusion of companies from the Pension Fund on the basis of acts or omissions that contravene the criteria in the Ethical Guidelines for the Pension Fund…Two companies were excluded in 2009 pursuant to the criteria concerning severe environmental damage and violations of fundamental ethical norms. One is…MMC Norilsk Nickel…The other company is Elbit Systems Ltd…In 2009 three exclusions were reversed…These were DRD Gold Ltd., Thales S.A. and United Technologies Corp. [includes responses by Elbit Systems, Norilsk Nickel] [also refers to General Dynamics, L3 Communications, Raytheon, Lockheed Martin, Alliant Techsystems, Poongsan, Hanwha, Textron, Singapore Technologies Engineering, Dongfeng Motor, Wal-Mart, Wal-Mart de Mexico, Freeport McMoRan, Vedanta Resources, Rio Tinto, Barrick Gold]

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Related companies: Alliant Techsystems Barrick Gold Dongfeng Motor DRDGold Elbit Systems Freeport-McMoRan General Dynamics Hanwha L-3 Communications Lockheed Martin Norilsk Nickel Poongsan Raytheon Rio Tinto ST Engineering (Singapore Technologies Engineering) Textron Thales United Technologies Vedanta Resources Wal-Mart de Mexico Walmart