KLP has previously taken ESG-friendly investment stances. Last month, the pension manager and its related funds said it will dump investments in coal producers and companies that \u201cderive more than five percent of their revenues from coal-based activities.\u201d<\/p>\n
Five years ago, KLP divested interests in companies that generated at least half their revenues from coal-based activities, tightening that threshold to 30 percent in 2017.<\/p>\n
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Around the world, large pension managers are looking for more virtuous investments. For example, CalPERS, which manages retirement benefits for California public employees, started divesting its tobacco holdings in 2000. CalPERS and CalSTRS, the retirement fund for California, teachers have recently been revamping their efforts to apply ESG guidelines to investment portfolios.<\/p>\n<\/div>\n
Over the past several years, other pension plans and college endowments in the US have scuttled investments in coal companies and other producers of fossil fuels, civilian firearms manufacturers, and tobacco firms.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kommunal Landspensjonskasse (KLP), Norway’s largest pension fund, said it will ditch its investments in alcohol companies and casino operators as part of its ongoing effort to align its portfolio with environmental, social, and governance (ESG) investing principles. KLP, which is the pension plan for Norway’s public employees, manages over $80 billion in assets. In addition […]<\/p>\n","protected":false},"author":46,"featured_media":106246,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,33810],"tags":[],"acf":[],"yoast_head":"\n
Norwegian Pension Fund Sheds Gaming Stocks from Portfolio - Casino.org<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n