abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

3 Dec 2007

Author:
Kristin Vallevik Gjerde & Cecilie Langum, Dagens Næringsliv [Norway]

Norwegian investor divests from Australian phosphate importer

On Monday KLP presented its updated semi-annual list of companies that are excluded from its investment universe...To the list of excluded companies have been added the energy companies Alstom and Wesfarmers, both because of breaches of human rights…Alstom has been excluded because of human-rights breaches at a hydroelectric-power project in Sudan...KLP also excludes the fertiliser producer Wesfarmer as a result of illegal import of phosphate from Western Sahara…The head of Alstom…Svein Ole Strømmen [said] “…Alstom in Norway has nothing to do with this”…According to its web pages, Wesfarmers attaches great importance to its reputation and to being a responsible company…KLP’s blacklist is therefore as follows: Alstom, Wesfarmers, Grupo Ferrovial, Monsanto, Sodexho Alliance, Bridgestone, Chevron, Duke Energy, Exxon Mobil, Freeport McMoran, L3 Communications, Marathon Oil, Singapore Technologies, Toyota Motor, Thales, Wal-Mart, Yahoo!, Alliant Techsystems, EADS CO, General Dynamic Corporation, Lockheed Martin, Raytheon, United Technologies, Boeing, Honeywell, Northrop, BAE Systems, Finmeccanica, Safran, Altadis Sa, Altria Group Inc, Brit Amer Tobacco, Imperial Tobacco, Japan Tobacco, Swedish Match, Richemont [also refers to Halliburton, Anvil Mining, Ryanair, Kellogg, Brown & Root (part of Halliburton)]