Serco Group Plc was excluded from the Government Pension Fund Global in 2007 due to its involvement in the production of nuclear weapons.
Since the grounds for the company’s exclusion no longer exist, the Council on Ethics recommends that it be revoked.

The Council on Ethics submitted its recommendation on 21 September 2023. Norges Bank published its decision to exclude the company on 21 November 2023.

Please find the Council’s recommendation here.