Norway’s $863 billion wealth fund bans 52 coal-linked firms

By Stine Jacobsen OSLO (Reuters) – Norway’s $863 billion (£610.3 billion) sovereign wealth fund, the world’s biggest, said on Thursday it had sold shares in 52 coal-dependent companies from its portfolio as part of a policy to fight climate change. A Reuters calculation showed the stakes sold were worth at least $1 billion at the end of 2014, before the fund started big divestments from coal. The biggest holdings included a $188 million...

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The Growth of the Responsible Investment Industry

The Growth of the Responsible Investment Industry By Richard Turley Socially responsible, ethical, sustainable are all buzz words in the investment industry at the moment. A niche area only a few years ago, new ethically focused products and funds are popping into existence at a rapid rate, while mainstream funds are increasingly trying to keep up by integrating environmental, social and governance (ESG) standards into their investment...

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