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The thing that's the most powerful to me is that they actively decide which companies aren't following ethical practices and decide to invest away from them. h
by nojvek 7y ago
The thing that's the most powerful to me is that they actively decide which companies aren't following ethical practices and decide to invest away from them.
https://www.nbim.no/en/the-fund/news-list/2019/decision-to-revoke-exclusions-of-companies-from-the-government-pension-fund-global/ https://www.nbim.no/en/the-fund/news-list/2019/decision-to-r...
When the companies behave properly and decide to follow ethical behavior, they put them back again on the investment list.
I also wonder how the Softbank 100B vision fund is going to fare compared to the Norway investment fund. Although 5% growth rate sounds meager, they have done well since 1998, and it seems that the fund is generally betting on low risk returns.
Massive kudos to Norway for showing the world how not to fuck up your country like Venezuela when you're sitting on a money mountain.