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Council on Ethics

Government Pension Fund Global

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Council’s Activities
Excluded companies
Recommendations
Annual Reports
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Tobacco Production

2025
- RLX Technology Inc
2024
- Turning Point Brands Inc
- Mativ Inc – revocation of exclusion
2022
2019
- Grupo Carso SAB de CV – revocation of exclusion
2013
- Schwitzer-Mauduit Int. Inc. and Huabo Holdings Ltd.
2011
- Grupo Carso SAB de CV
2010
- Shanghai Industrial Holdings Ltd.
2009
- Recommendation to exclude tobacco producers

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