Norway's $1 trillion sovereign fund excluded nine companies due to its ethical investment criteria, Norges Bank, the Norwegian central bank that manages the government's wealth fund said on Tuesday.
The bank said that Evergreen Marine Corp from Taiwan, Korea Line Corp, Precious Shipping PCL and Thoresen Thai Agencies PCL are among those that were excluded.
"These companies are excluded based on an assessment of the risk of severe environmental damage and serious or systematic violations of human rights," it said.
In addition, the Pan Ocean Company has been placed under observation based on the same criteria.
The executive board of the bank has also decided to exclude AECOM, BAE Systems, Fluor Corp and Huntington Ingalls Industries Inc. because of their involvement in the production of nuclear weapons.
By Murat Temizer
Anadolu Agency
energy@aa.com.tr