Norway’s Government Pension Fund Global (GPFG), the world’s largest sovereign wealth fund, dropped 11 companies in 2015 over their connections to forest destruction: six palm oil companies, four pulp and paper companies, and one coal company.
![world's largest sovereign fc](https://www.thefuturescentre.org/wp-content/uploads/2017/03/worlds-largest-sovereign-fc.jpg)
NGOs have been raising this issue with GPFG for several year.
Of particular significance is its divestment from First Pacific Group Ltd., the parent company of Indonesia’s Indofood – one of the biggest palm oil players connected to conflict palm oil and large-scale deforestation. Conflict palm oil is produced under conditions associated with the ongoing destruction of rainforests, expansion on carbon-rich peatlands, and/or human rights violations, including the failure to recognize and respect the customary land rights of forest-dependent communities and the use of forced and child labour.