Norway's Central Bank Adds 3 Firms to Government Pension Fund Global's Exclusion List ai-cio.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ai-cio.com Daily Mail and Mail on Sunday newspapers.
Adani Group's APSEZ excluded from Norway's sovereign wealth fund, 15th Indian firm to face action - Here's why - Industry News financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Coal India, NTPC, Reliance Power, Tata Power and three other power producers faced a similar action in April 2016 for production of coal or coal-based energy.
Norway sovereign wealth fund excludes Adani Group's APSEZ, joins 14 other Indian cos facing similar action | Business News indianexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indianexpress.com Daily Mail and Mail on Sunday newspapers.
Norway's central bank excluded Adani Group's port firm, APSEZ, from its government pension fund due to ethical concerns, specifically unacceptable risks related to violations of individual rights in war or conflict situations. APSEZ sold its Myanmar asset last year, yet Norway's Norges Bank cited insufficient buyer information. This marks APSEZ as the 15th Indian company excluded, joining firms like ONGC, GAIL, and NTPC, which faced similar actions regarding ethical violations and environmental concerns.