Norges pulls plug on 86 companies not pulling their ESG weight in 2023 ...Middle East

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Norges pulls plug on 86 companies not pulling their ESG weight in 2023
Norges Bank Investment Management (NBIM) has stepped up its climate plans and expects its portfolio companies to follow suit as it continues to divest from more companies carrying high environmental and social risks. Last year the investment bank divested from 86 companies that posed ESG risks and identified companies with heightened risks across a variety of ESG topics, including potential violations of human and labor rights, insufficient risk management related to corruption and business models highly exposed to thermal coal. In total, NBIM has made 526 divestment decisions since 2012. As it increases its commitments to net-zero, NBIM says it has been consistently integrating ESG data i

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