Norway pension fund’s TCM exclusion highlights ESG balancing act
Norges Bank Investment Management added four prominent traditional Chinese medicine (TCM) firms to its exclusion list but has also been increasing its emerging market exposure.
The exclusion of four prominent traditional Chinese medicine (TCM) firms by the $1.4 trillion Norges Bank Investment Management (NBIM) underscores the difficulties of balancing sustainable investment practices with opportunities in emerging markets, experts told AsianInvestor.
NGIM, one of the world’s largest pension funds, announced on September 29 that it would exclude Tong Ren Tang Technologies and its subsidiary Beijing Tong Ren Tang Chinese Medicine, state-owned China Traditi…
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