Ethical Performance
inside intelligence for responsible business



February 2010

Norway’s sovereign wealth fund has sold off $2.6billion-worth of tobacco shares after the government recommended it banned all tobacco producers from its investment portfolio. The ‘oil fund’ has dropped 17 companies including British American Tobacco and Imperial Tobacco, on purely ethical grounds. The businesses join about 50 stocks already excluded from the fund, including BAE Systems and Walmart.

Europe | Industry sector: food, beverages and tobacco

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