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en/norway-excludes-17-tobacco-firms-from-its-global-pension-fund-on-ethical-grounds#c31794

Tobacco producers excluded from Government Pension Fund Global

Author: Ministry of Finance - Norway, Published on: 19 January 2010

The Ministry of Finance has decided to exclude 17 companies that produce tobacco from the Government Pension Fund Global (GPFG), based on a recommendation from the Fund’s Council on Ethics. The divestment of shares in these companies has now been completed...The excluded companies are: Alliance One International Inc., Altria Group Inc., British American Tobacco BHD, British American Tobacco Plc., Gudang Garam tbk pt., Imperial Tobacco Group Plc., ITC Ltd., Japan Tobacco Inc., KT&G Corp, Lorillard Inc., Philip Morris International Inc., Philip Morris Cr AS., Reynolds American Inc., Souza Cruz SA, Swedish Match AB, Universal Corp VA and Vector Group Ltd.

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Related companies: Alliance One Altria British American Tobacco Imperial Tobacco Lorillard Tobacco (part of Carolina Group) Reynolds American Souza Cruz (part of British American Tobacco) Universal Corporation