Council on Ethics
- Norges Bank manages the Fund and makes decisions to exclude companies from the Fund’s portfolio based on advice from the Council.
- The Council’s recommendations will be made public on this website.
- Norges Bank provides a list of companies excluded from the Fund.
- The Council’s’ routines for assessing companies that have been excluded from investment by the GPFG or placed under observation.
- Council Members.
- The Council’s secretariat prepares the cases for the Council.
Latest recommendations
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Eramet SA
The Council on Ethics recommends that Eramet SA be excluded from investment by the Norwegian Government Pension Fund Global (GPFG) ...
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Mizrahi Tefahot Bank Ltd
The Council on Ethics recommends excluding the company Mizrahi Tefahot Bank Ltd (Mizrahi) from the Government Pension Fund Global due ...
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Bank Hapoalim BM
The Council on Ethics recommends excluding the company Bank Hapoalim BM (Hapoalim) from the Government Pension Fund Global due to ...
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First International Bank Of Israel/ FIBI Holdnings Ltd
The Council on Ethics recommends excluding the companies First International Bank of Israel Ltd (First) and FIBI Holdings Ltd (FIBI) ...
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Caterpillar Inc
The Council on Ethics recommends the exclusion of Caterpillar Inc. from the Government Pension Fund Global due to an unacceptable ...
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Bank Leumi Le-Israel BM
The Council on Ethics recommends excluding the company Bank Leumi Le-Israel BM (Leumi) from the Government Pension Fund Global due ...
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Toronto-Dominion Bank
The Council on Ethics recommends that Toronto-Dominion Bank (TD) be placed under observation due to an unacceptable risk that the ...
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Paz Retail and Energy Ltd
The Council on Ethics recommends that Paz Retail and Energy Ltd (Paz) be excluded from investment by the Norwegian Government ...
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Rio Tinto PLC and Rio Tinto Ltd
The Council on Ethics recommends the exclusion of Rio Tinto PLC and Rio Tinto Ltd (Rio Tinto Group) from investment ...
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Petroleos Mexicanos
The Council on Ethics recommends that the Mexican company Petroleos Mexicanos (Pemex) be excluded from the Norwegian Government Pension Fund ...