COUNCIL ON ETHICS

For the Norwegian Government Pension Fund Global

Fluor Corp, Huntington Ingalls Industries Inc., Honeywell International Inc.

On April 22, 2016, the Council on Ethics recommends excluding Fluor Corp. (Fluor) and Huntington Ingalls Industries Inc. (HII) from the Government Pension Fund Global (GPFG) due to these companies’ production of key nuclear weapons components. The Council also recommended maintaining the exclusion of Honeywell International Inc. (Honeywell).
Norges Bank made public its decision to exclude the companies on January 16, 2018.
Please find the Council’s recommendation here.