Norway Sovereign Wealth Fund Excludes Eramet Over Ethical Concerns

The world’s largest sovereign wealth fund has divested from French miner Eramet, citing violations of its ethical guidelines.

Summary

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Terms & Concepts
  • Sovereign Wealth Fund: A state-owned investment fund that manages national revenues, often derived from natural resources, for long-term financial returns.
  • Divestment: The process of selling off assets, often for financial, ethical, or political reasons.
  • Ethical Guidelines: Standards set by an organization to ensure investments align with moral, social, or environmental values.