September 4, 2024
Norway wealth fund to divest from companies that help Israel
Norway’s $1.7 trillion sovereign wealth fund may have to divest shares in companies that violate a new, tougher interpretation of ethics standards for companies that help Israeli businesses in the occupied Palestinian territories. The Ethics Board for the world’s largest sovereign wealth fund sent a letter on Aug. 30 to the finance ministry, seen by Reuters, outlining the newly expanded definition of unethical corporate behavior. The change has not been previously reported. The letter did not specify how many or name companies whose shares could be sold, but suggested it would be small if the central bank’s board, which has


