Norway’s $1.35 trillion sovereign wealth fund stated on Thursday it has in latest weeks divested just about all its remaining shares in firms belonging to India’s Adani group.
“We’ve got monitored Adani for a few years (on ESG) points, many on their dealing with of environmental dangers,” Christopher Wright, the fund’s head of ESG threat monitoring, instructed a information convention.
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The fund had divested from 5 Adani firms since 2014 and on the finish of 2022, it remained invested in three, together with Adani Ports.
“Since year-end, we’ve got additional decreased in Adani firms. We’ve got no publicity left,” he stated.
On the finish of 2022, the Norwegian fund held shares in Adani Inexperienced Power price $52.7 million, a stake in Adani Whole Gasoline price $83.6 million and possession in Adani Ports & Particular Financial Zone price $63.4 million.