Key Metrics
9.96
Heat Index-
Impact LevelMedium
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Scope LevelNational
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Last Update2025-11-11
Key Impacts
Positive Impacts (3)
Negative Impacts (4)
Event Overview
The suspension of ethical rules for a major sovereign wealth fund highlights the tension between financial performance and ethical considerations. The decision reflects a broader debate on the role of ethical guidelines in investment strategies, particularly when they impact the profitability of high-value assets.
Collect Records
Norway Suspends Ethical Rules for Sovereign Wealth Fund
Jens Stoltenberg, the Norwegian Minister of Finance, announced that the government has suspended the ethical rules for the world's largest sovereign wealth fund, which holds about $230 billion in technology stocks. The suspension is due to concerns that these rules might force the fund to sell its most profitable stocks. Previously, the fund sold its shares in Caterpillar Inc. because the company's bulldozers were used in the Gaza conflict. Stoltenberg noted that these 'ethical' rules could lead to the forced sale of the most profitable stocks. This decision reflects the challenges faced by so-called ethical investment methods due to conflicts in Ukraine and Gaza, as well as Trump's policies on climate and diversity. This is the first time Norway has suspended the work of the oil fund's ethics committee.