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Norway's sovereign fund excludes 9 more firms on ethics grounds

Reuters - UK Focus

OSLO, Jan 16 (Reuters) - Norway's $1.07 trillion sovereign wealth fund has excluded nine more companies from its portfolio based on breaches of its ethical investment criteria, the Norwegian central bank, which manages the fund, said in a statement on Tuesday.

Evergreen Marine Corp (Taiwan (Taiwan OTC: 6549.TWO - news) ) Ltd, Korea Line Corp, Precious Shipping PCL, Atal SA and Thoresen Thai Agencies PCL were among those that were excluded.

AECOM (NYSE: ACM - news) , BAE Systems (LSE: BA.L - news) , Fluor Corp and Huntington Ingalls Industries Inc (Frankfurt: HI4.F - news) were also removed from the portfolio, while the earlier exclusion of Honeywell International Inc was maintained.

Pan Ocean Co. Ltd was placed under observation, the central bank added.

($1 = 7.8783 Norwegian crowns) (Reporting by Terje Solsvik, editing by Louise Heavens)