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Norway’s Wealth Fund Puts Kirin on Watch for Myanmar Ties
Bloomberg
3/4/2021
© Photographer: Akio Kon/Bloomberg
Bottles of Kirin Brewery Co. beer.
(Bloomberg) Norway’s sovereign wealth fund put Kirin Holdings Ltd. under observation due to the risk that the beverage maker might contribute to serious violations of human rights.
“The Council on Ethics has recommended to place the company under observation based on Kirin’s business cooperation with an organization with ties to the military in Myanmar,” Norges Bank Investment Management, the fund’s official name, said in a statement late on Wednesday.
The Oslo-based fund, which is the world’s biggest stock owner, is managed according to a wide range of ethical guidelines and puts companies under observation or excludes them from its investment universe based on advice from the ethics council. ....

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