Article
[PDF] Annual Report 2009
The Council on Ethics for the Norwegian Government’s Pension Fund Global…makes recommendations…on the potential exclusion of companies from the Pension Fund on the basis of acts or omissions that contravene the criteria in the Ethical Guidelines for the Pension Fund…Two companies were excluded in 2009 pursuant to the criteria concerning severe environmental damage and violations of fundamental ethical norms. One is…MMC Norilsk Nickel…The other company is Elbit Systems Ltd…In 2009 three exclusions were reversed…These were DRD Gold Ltd., Thales S.A. and United Technologies Corp. [includes responses by Elbit Systems, Norilsk Nickel] [also refers to General Dynamics, L3 Communications, Raytheon, Lockheed Martin, Alliant Techsystems, Poongsan, Hanwha, Textron, Singapore Technologies Engineering, Dongfeng Motor, Wal-Mart, Wal-Mart de Mexico, Freeport McMoRan, Vedanta Resources, Rio Tinto, Barrick Gold]