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Global investment giant Norway’s Sovereign Fund is taking an unexpected turn. In 2025, it will carry out a comprehensive review of its investments, focusing on sectors such as footwear, cryptocurrencies and gambling. This decision could mark a before and after in the fund’s investment strategy and generate repercussions throughout the market.
By the way, the Norwegian Global Pension Fund, or Norwegian Sovereign Fund, is the largest sovereign fund in the world. It is a state-owned investment fund managed by Norway’s central bank, Norges Bank.
Incidentally, the world’s largest Sovereign Wealth Fund, which owns 1.5% of the listed shares of 8,700 companies worldwide, operates under ethical guidelines established by the Norwegian Parliament.
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As a curious fact, the Fund’s $1.8 billion Ethics Board investigates the companies in which it has invested money to ensure that its rules are respected. If not, the ethics watchdog recommends that the fund divest from them or include them on a public watch list.
2025: Year of Ethics for Footwear and Crypto Manufacturers in Norway
In reality, the decision to review shoe manufacturers, crypto companies and gambling are part of the efforts the Fund is making to ensure irresponsible investment practices.
Now, the review will evaluate the ethical and financial implications of maintaining investments in these sectors. Taking into account factors such as environmental impact, social responsibility and governance standards.
In this regard, the document that describes the plan for 2025 specifies: «Companies have a direct responsibility for the working conditions within their own operations and serious and systematic violations of workers’ rights can lead to exclusions from the Fund. . These are issues that the Council will examine. It is not possible for the Council to predict the outcome of the investigations.
Is there a before and after in the investment?
To all this, the decision by the Norwegian Sovereign Fund to review its investments in sectors such as footwear, cryptocurrencies and gambling could trigger a chain reaction in the financial industry. If the fund decides to divest from companies that do not meet its ethical criteria, other institutions could follow suit, putting significant pressure on these industries to adopt more sustainable and transparent practices.
Finally, the Norwegian Sovereign Fund’s decision raises questions about the future of these industries. What ethical criteria will the Fund use to evaluate these companies? What are the implications of a possible divestment for these companies and for consumers? And, above all, what message does this decision send to other investors worldwide?
I close with this quote from Don Tapscott: “Researching cryptocurrencies is like searching for treasure in an ocean of data.”
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