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Norwegian government boycotts Malaysian timber giant
"The decision to exclude these companies… is based on the Council on Ethics assessment that they are contributing to or are themselves responsible for grossly unethical activity."
- Minister of Finance Sigbjørn Johnsen
The Norwegian government has excluded the Malaysian timber giant Samling from its pension fund on ethical grounds.
Samling is logging the last remaining forests of the hunter-gatherer Penan tribe in Borneo.
Norway’s Ministry of Finance sold its shares in Samling on the recommendation of its pension fund’s Council on Ethics, which investigated Samling’s activities and found evidence of systematic illegal logging and ‘extensive damage to forests and the environment.’