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German NGO pressurizes Norway's oil fund on ethical guidelines

The Norwegian government had appointed the Ethics Committee to review ethical guidelines driving the pension fund's investments at the beginning of the summer, but the NGO Facing Finance looks at exclusion criteria for arms manufacturers.

Photo: Pexels: Karolina Grabowska.

German NGO Facing Finance plans to join forces with other non-governmental organizations in Europe to pressurize the Norwegian finance ministry for the Government Pension Fund Global’s (GPFG) adoption of new ethical investment guidelines, reports IPE.com.

The Norwegian government had appointed the Ethics Committee to review ethical guidelines driving the pension fund's investments at the beginning of the summer, but Facing Finance is looking at exclusion criteria for arms manufacturers in particular. The GPFG is run by Norges Bank Investment Management (NBIM).

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