The Norwegian Government Pension Fund Global, Corporate Social Responsibility and Climate Change
2018; University of Huelva; Issue: 48 Linguagem: Inglês
ISSN
2340-4264
Autores Tópico(s)Climate Change and Geoengineering
ResumoespanolEl objetivo de este trabajo consiste en presentar el Fondo Gubernamental de Pensiones de Noruega (GPFG), el fondo soberano mas grande del mundo, caracterizado por unas directrices eticas pioneras para la eleccion de inversiones, basadas en el ejercicio activo de los derechos de propiedad y la exclusion de empresas de su cartera. Dos razones importantes para la exclusion de una firma son “causar graves danos medioambientales” y “producir carbon”, que conlleva al destierro de una empresa de la cartera de inversiones. A pesar de las intenciones nobles, el GPFG esta repleto de inconsistencias, especialmente debido a que sus fondos se nutren de la explotacion de hidrocarburos que contribuyen a las emisiones de efecto invernadero. Ademas, toda la politica medioambiental noruega esta fragmentada y sufre numerosas contradicciones. EnglishThis paper aims at presenting the Norwegian Government Pension Fund Global (GPFG), the world’s largest Sovereign Wealth Fund, characterized by its pioneering ethical guidelines for investment decisions, based on active ownership and the exclusion of firms from its portfolio. Two major reasons for the exclusion of a company are “severe environmental damage” and “coal production”, leading to the banishment of many companies from the Fund’s holdings. Despite the noble intentions, the GPFG is loaded with inconsistencies, especially because its resources come from the exploitation of fossil fuels that contribute to global greenhouse gas emissions. Moreover, the entire Norwegian environmental policy is fragmented and suffers from contradictions.
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