This link was published on 9 March 2016

World’s largest sovereign wealth fund just dropped 11 companies over deforestation

Norway’s Government Pension Fund Global (GPFG), which manages $828 billion worth of funds, released its annual report for 2015 today, revealing that six palm oil companies, four pulp and paper companies, and one coal company were dropped from its investment portfolio. Lars Løvold, director of the NGO Rainforest Foundation Norway, said that the GPFG’s actions show that companies involved in deforestation risk being cut off from international investment.

  • Mongabay
  • Deforestation
  • GPFG
  • palm oil companies
  • pulp and paper companies
  • coal company
  • Lars Løvold
  • NGO Rainforest Foundation Norway