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Article

2 Sep 2009

Author:
Norwegian Government

Thales SA and DRD Gold Limited to be reinstated in the Government Pension Fund – Global’s portfolio

On the basis of the Council on Ethics’ recommendation, the Ministry of Finance has decided to reverse its previous decisions to exclude the companies Thales SA and DRD Gold Limited from the investment universe of the Government Pension Fund – Global. The reason for their reinstatement is that the companies are no longer involved in the activities that formed the basis for their exclusion...Thales no longer has any form of involvement in the manufacture of cluster munitions in any country...DRD Gold Limited…was involved in gold mining in Papua New Guinea, where tailings from the mine were deposited into a natural river system. This method of waste disposal was found to…have serious negative consequences for the lives and health of the local population. DRD Gold Limited is no longer involved in the mine in question.