Norway excludes Adani Ports, US and Chinese cos from pension fund
Norges Bank said on Wednesday that it excluded the company because of an unacceptable risk that the company contributes to serious violations of individuals' rights in situations of war or conflict. The other two companies blacklisted by Norges Bank include US-based L3Harris Technologies and China's Weichai Power.
Mumbai: 's central bank has blacklisted three companies, including and Special Economic Zone (APSEZ), from its portfolio citing .said on Wednesday that it excluded the company because of an unacceptable risk that the company contributes to serious violations of in situations of war or conflict. The other two companies blacklisted by Norges Bank include and .
Adani Ports has been under observation since March 2022, and the decision to exclude it is based on a recommendation from the of November 21, 2023, said Norges Bank.
Source: Stocks-Markets-Economic Times
