Mativ Inc (formerly Schweitzer-Mauduit International Inc) was excluded from investment by the Norwegian Government Pension Fund Global (GPFG) in 2013 due to its production of tobacco. Since the company is no longer involved in such production, the Council on Ethics recommends that the company’s exclusion be revoked.

The Council on Ethics submitted its recommendation on  April 23, 2024. Norges Bank published its decision to revoke the exclusion of the company on  June 26, 2024.

Please find the Council’s recommendation here.