Kommunal Landspensjonskasse Excludes Diageo and Heineken from Investment Universe

Posted on 05/28/2019


Kommunal Landspensjonskasse (KLP), a Norwegian pension fund investor, formed a blacklist (do-not-invest list) that includes roughly 90 companies. KLP is divesting from listed companies that generate more than 5% of revenue from alcohol or gambling. KLP totaled the divestment to be worth around 3 billion NOK – 40 companies linked to alcohol and 50 companies […]