Norwegian wealth fund blacklists G4S shares over human rights concerns
Sovereign wealth fund cites risk of company contributing to ill-treatment of migrant labour in Qatar and UAE
Norway’s sovereign wealth fund has banned all holdings of shares in British security services company G4S because of the risk of human rights violations against its workforce in Qatar and the United Arab Emirates.
Norway’s Council of Ethics, which monitors investments in the country’s Government Pension Fund Global (GPFG), said there was an “unacceptable risk of the company contributing to systematic human rights violations”.