Norwegian fund keeps eye on AsiaNovember 2009
UK-based consultancy SourceAsia has been contracted to help the $396billion (£242bn) Norwegian Government Pension Fund conduct ethical screening of Asian companies.
The four-year contract will require SourceAsia to monitor and verify internet reports that identify companies in the fund’s portfolio that may be involved in human rights violations, non-compliance with labour standards, breaches of rights in conflict zones, environmental damage, corruption or ‘violations of fundamental ethical norms’.
About 15 per cent of the fund’s equity investments are in Asia.
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