User:Voxra/Sandbox
Company | HQ | Date of exclusion | Reason | Divestment (USD) |
---|---|---|---|---|
Africa Israel Investments | Israel | 24 August 2010 | Violation of the Geneva Convention in occupied Palestinian territory by being involved in developing settlements [1] | 1.2m |
Alliance One International Inc. | United States | 19 Jan 2010 | Production of tobacco.[2] | 0.9m |
Alliant Techsystems Inc | United States | 30 Jun 2005 | Production of components for cluster munitions[3]. | N/A [nb 1] |
Altria Group Inc. | United States | 19 Jan 2010 | Production of tobacco.[2] | 131m |
Barrick Gold Corporation | Canada | 30 Jan 2009 | Extensive environmental degradation related to the Porgera Gold Mine in Papua New Guinea [4] | 245m |
BAE Systems Plc. | United Kingdom | 11 Oct 2005 | Production of nuclear missiles for the French Air Force through the company MBDA[5]. | N/A [nb 2] |
Boeing Company | United States | 11 Oct 2005 | Maintenance of ICBMs for the U.S. Air Force[5]. | N/A [nb 2] |
British American Tobacco BHD | Malaysia | 19 Jan 2010 | Production of tobacco.[2] | 9.4m |
British American Tobacco Plc. | United Kingdom | 19 Jan 2010 | Production of tobacco.[2] | 683m |
Danya CebusTASE: DNYA | Israel | 24 August 2010 | Violation of the Geneva Convention in occupied Palestinian territory by being involved in developing settlements[1] | N/A |
European Aeronautic Defence and Space Company EADS N.V. | France Germany Netherlands |
30 Jun 2005 | Production of nuclear missiles for the French Air Force through the company MBDA[6] [nb 3] | N/A [nb 1] |
Elbit Systems | Israel | 3 Sep 2009 | Supply of surveillance systems for the Israeli West Bank barrier [7][8][9] | 5.0m |
Finmeccanica Sp.A. | Italy | 11 Oct 2005 | Production of nuclear missiles for the French Air Force through the company MBDA[5]. | N/A [nb 2] |
Freeport McMoRan Copper & Gold Inc. | United States | 28 Mar 2006 | Serious environmental damage[10]. | 17.2m |
GenCorp Inc | United States | 15 Nov 2007 | Production of nuclear weapons[11]. | N/A |
General Dynamics Corporation | United States | 30 Jun 2005 | Production of components for cluster munitions[3]. | N/A [nb 1] |
Gudang Garam tbk pt | Indonesia | 19 Jan 2010 | Production of tobacco.[2] | 0 |
Hanwha Corporation | South Korea | 15 May 2007 | Production of cluster munitions[11]. | 1.2m [12] |
Honeywell International Inc. | United States | 11 Oct 2005 | Simulations of nuclear explosions[5]. | N/A [nb 2] |
Imperial Tobacco Group Plc | United Kingdom | 19 Jan 2010 | Production of tobacco.[2] | 347m |
ITC Ltd. | India | 19 Jan 2010 | Production of tobacco.[2] | 48m |
Japan Tobacco Inc. | Japan | 19 Jan 2010 | Production of tobacco.[2] | 210m |
KT&G Corp. | South Korea | 19 Jan 2010 | Production of tobacco.[2] | 16m |
L3 Communications Holdings Inc | United States | 30 Jun 2005 | Production of components for cluster munitions[3]. | N/A [nb 1] |
Lockheed Martin Corp | United States | 30 Jun 2005 | Production of components for cluster munitions[3]. | N/A [nb 1] |
Lorillard Inc. | United States | 19 Jan 2010 | Production of tobacco.[2] | 42m |
Northrop Grumman Corp. | United States | 11 Oct 2005 | Maintenance of ICBMs for the U.S. Air Force[5]. | N/A [nb 2] |
Philip Morris Int. Inc. | United States | 19 Jan 2010 | Production of tobacco.[2] | 476m |
Philip Morris Cr AS | Czech Republic | 19 Jan 2010 | Production of tobacco.[2] | 2.7m |
Poongsan Corporation | South Korea | 30 Sep 2006 | Production of cluster munition [13]. | 1.2m |
Raytheon Company | United States | 30 Jun 2005 | Production of components for cluster munitions[3]. | N/A [nb 1] |
Reynolds American Inc. | United States | 19 Jan 2010 | Production of tobacco.[2] | 36m |
Rio Tinto Group | Australia | 28 Apr 2008 | Severe environmental damage[14] | 882m |
Samling Global Ltd. | Malaysia | 23 Aug 2010 | "Illegal logging and severe environmental damage"[1] | 1.4m |
SAFRAN SA | France | 11 Oct 2005 | Production of nuclear missiles for the French Navy[5]. | N/A [nb 2] |
Serco Group Plc | United Kingdom | 15 Nov 2007 | Maintenance of British nuclear weapons through the Atomic Weapons Establishment[11]. | N/A |
Souza Cruz SA | Brazil | 19 Jan 2010 | Production of tobacco.[2] | 7.4m |
Singapore Technologies Engineering | Singapore | 22 Mar 2002 | Production of anti-personnel landmines[15]. | N/A |
Swedish Match AB | Sweden | 19 Jan 2010 | Production of tobacco.[2] | 75m |
Textron Inc | United States | 30 Jan 2009 | Production of components for cluster munitions[16]. | 36m |
United Technologies Corp. | United States | 11 Oct 2005 | Production of engines for ICBMs in the U.S. Air Force[5]. | N/A [nb 2] |
Universal Corp VA | United States | 19 Jan 2010 | Production of tobacco.[2] | 3m |
Vector Group Ltd. | United States | 19 Jan 2010 | Production of tobacco.[2] | 2.1m |
Vedanta Resources Plc | United Kingdom | 28 Aug 2007 | Environmental and human rights abuses[17]. | 12m |
Wal-Mart Stores Inc. | United States | 28 Mar 2006 | Breach of human rights and labour rights [10]. | 372m |
The Fund does not announce exclusions until it has completed sales of its positions, so as not to affect the share price at the time of the transaction.[18]
- ^ a b c "Three companies excluded from the Government Pension Fund Global". The Ministry of Finance. 2010-08-23. Retrieved 2010-08-30.
- ^ a b c d e f g h i j k l m n o p q Cite error: The named reference
fin100119
was invoked but never defined (see the help page). - ^ a b c d e f Norwegian Ministry of Finance (2005-09-02). "Åtte nye selskaper utelukket fra Petroleumsfondet" (in Norwegian).
- ^ http://www.regjeringen.no/en/dep/fin/Selected-topics/andre/Ethical-Guidelines-for-the-Government-Pension-Fund---Global-/Recommendations-and-Letters-from-the-Advisory-Council-on-Ethics/recommendation-on-the-exclusion-of-the-c-3.html?id=544365
- ^ a b c d e f g h Norwegian Ministry of Finance (2006-01-05). "Uttrekk av selskaper fra Statens pensjonsfond - Utland" (in Norwegian).
- ^ The Ethical Council of the Government Pension Fund of Norway (2006-04-18). "Tilrådning 18. april 2006" (in Norwegian).
- ^ Norwegian Ministry of Finance (2009-09-04). "Supplier of surveillance equipment for the separation barrier in the West Bank excluded from the Government Pension Fund – Global".
- ^ Ethical Council of the Government Pension Fund of Norway (2009-09-04). "Recommendation on the exclusion of the company Elbit Systems Ltd".
- ^ Herb Keinon and Yaakov Katz (2009-09-03). "Norway envoy summoned on divestment". Jerusalem Post.
- ^ a b Norwegian Ministry of Finance (2006-06-06). "To selskaper - Wal-Mart og Freeport - trekkes ut av Statens pensjonsfond - Utland" (in Norwegian).
- ^ a b c Norwegian Ministry of Finance (2008-01-11). "One producer of cluster munitions and two producers of nuclear weapons excluded from the Government Pension Fund - Global".
- ^ The Council on Ethics (2008-01-11). "Recommendation on exclusion of the companies Rheinmetall AG and Hanwha Corp".
- ^ Norwegian Ministry of Finance (2006-12-06). "Sørkoreansk klasevåpenprodusent utelukket fra Statens pensjonsfond - Utland" (in Norwegian).
- ^ Norwegian Ministry of Finance (2008-09-09). "The Government Pension Fund divests its holdings in mining company".
- ^ Norwegian Ministry of Finance (2002-03-22). "Petroleumfondets Folkerettsråd - Notat til Finansdepartementet" (in Norwegian).
- ^ http://www.regjeringen.no/en/dep/fin/Selected-topics/andre/Ethical-Guidelines-for-the-Government-Pension-Fund---Global-/Recommendations-and-Letters-from-the-Advisory-Council-on-Ethics/recommendation-on-the-exclusion-of-the-c-2.html?id=544363
- ^ Norwegian Ministry of Finance (2007-11-06). "Metals and mining company excluded from the investment universe of the Norwegian Government Pension Fund - Global".
- ^ "Norway's Big Ethical Giant" Vidya Ram, Forbes Magazine, January 30th, 2009, http://www.forbes.com/2009/01/30/norway-mining-weapons-markets-equity-0130_markets15.html?partner=yahoobuzz
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