Swedish pension fund AP7 revises its blacklist twice a year, in June and December. As of June 16, Huaneng Power International INC and Power Construction Corporation of China have been added to list, which now includes 86 companies that are excluded from the fund’s investment universe, according to a statement.
The aim of the list is to "exert pressure on companies that violate international norms to change their conduct" and is therefore considered an engagement tool.
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