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Excluded companies by the GPF

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The following are companies that are excluded from receiving investments by the Government Pension Fund of Norway. The full list can be found on the GPF's website.[1]

Production of weapons that through their normal use may violate fundamental humanitarian principles

Anti-personnel land mines

  • Singapore Technologies Engineering (26 April 2002)

Production of cluster munitions

  • Alliant Techsystems Inc (31 August 2005)
  • General Dynamics corporation (31 August 2005)
  • L3 Communications Holdings Inc (31 August 2005)
  • Lockheed Martin Corp (31 August 2005)
  • Raytheon Co. (31 August 2005)
  • Poongsan Corporation (30 November 2006)
  • Hanwha Corporation (31 December 2007)
  • Textron Inc. (31 December 2008)

Production of nuclear arms

  • BAE Systems Plc (31 December 2005)
  • Boeing Co. (31 December 2005)
  • EADS Co (31 December 2005)
  • EADS Finance BV (31 December 2005)
  • Finmeccanica Sp. A. (31 December 2005)
  • Honeywell International Corp. (31 December 2005)
  • Northrop Grumman Corp. (31 December 2005)
  • Safran SA. (31 December 2005)
  • Gen Corp. Inc. (31 December 2007)
  • Serco Group Plc. (31 December 2007)

Sale of weapons and military material to Burma

  • Dongfeng Motor Group Co Ltd. (28 February 2009)

Production of tobacco

  • Alliance One International Inc. (31 December 2009)
  • Altria Group Inc. (31 December 2009)
  • British American Tobacco BHD (31 December 2009)
  • British American Tobacco Plc. (31 December 2009)
  • Gudang Garam tbk pt. (31 December 2009)
  • Imperial Tobacco Group Plc. (31 December 2009)
  • ITC Ltd. (31 December 2009)
  • Japan Tobacco Inc. (31 December 2009)
  • KT&G Corp (31 December 2009)
  • Lorillard Inc. (31 December 2009)
  • Philip Morris International Inc. (31 December 2009)
  • Philip Morris Cr AS. (31 December 2009)
  • Reynolds American Inc. (31 December 2009)
  • Souza Cruz SA (31 December 2009)
  • Swedish Match AB (31 December 2009)
  • Universal Corp VA (31 December 2009)
  • Vector Group Ltd. (31 December 2009)

Actions or omissions that constitute an unacceptable risk of the Fund contributing to:

Serious or systematic human rights violations

  • Wal-Mart Stores Inc. (31 May 2006)
  • Wal-Mart de Mexico SA de CV (31 May 2006)

Severe environmental damages

  • Freeport McMoRan Copper & Gold Inc. (31 May 2006)
  • Vedanta Resources Plc. (31 October 2007)
  • Sterlite Industries Ltd. (31 October 2007)
  • Madras Aluminium Company (31 October 2007)
  • Rio Tinto Ltd. (30 June 2008)
  • Rio Tinto Plc. (30 June 2008)
  • Barrick Gold Corp (30 November 2008)
  • Norilsk Nickel (31 October 2009)

Other particularly serious violations of fundamental ethical norms

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