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NBIM says investment exclusions could cost it NOK3bn a year
20 October 2020The manager of the giant Norwegian sovereign wealth fund said its portfolio underperformed by 1.3 percentage points due to exclusions of companies based on environmental, social and governance (ESG) concerns since 2006, which could cost it NOK2.8 billion ($300 million) in 'lost' returns if replicated in the future.
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Largest private pension scheme in UK announces first divestments
01 June 2020The Universities Superannuation Scheme (USS) has announced it will not invest in tobacco, coal, and controversial weaponry firms under its exclusions policy, though campaigners are pressing for the £68 billion ($84 billion) fund to divest from other fossil fuel firms.