Norway's SWF drops Thai, Israeli firms on rights concerns

Norway's SWF drops Thai, Israeli firms on rights concerns

A general view of the Norwegian central bank, where Norway's sovereign wealth fund is situated, in Oslo, Norway, March 6, 2018. REUTERS/Gwladys Fouche

Norway’s sovereign wealth fund said on Thursday it would exclude from its portfolio two Thai companies and one Israeli firm that it said held “unacceptable risk” of human rights’ violations.

The $1.3 trillion fund’s executive board decided to exclude Israeli security and analytics software provider Cognyte Software Ltd, Thai national energy company PTT and its PTT Oil and Retail Business unit, the fund said.

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