According to Reuters, “Norway’s sovereign wealth fund” ethics committee chairman Johan Andresen (Johan Andresen) has confirmed that the fund will be for its investment in enterprises, companies, whether there is the use of forced labor in Xinjiang, China to investigate the situation.
Andresen said in an exclusive interview with Reuters this Wednesday, before the release of the annual report, that the fund is concerned that some of its investments in companies, companies may have used forced labor in Xinjiang, and that this may be a common practice. The situation will be investigated and submitted to the Board of Governors of the Norwegian central bank to make a final decision.
According to reports, the size of the “Norwegian sovereign wealth fund” of 1.3 trillion U.S. dollars, the world’s largest fund of the same type. The decision will have a significant impact on the market, as the fund holds shares in 9,100 listed companies worldwide, accounting for 1.5% of the world’s listed companies, and is required to operate in accordance with the code of ethics set by the Norwegian parliament.
The report said that those companies that may be removed from the “Norwegian sovereign wealth fund” will not be announced before the sale of shares, in order to avoid a drop in share prices first.
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