Norway wealth fund ethics council plans gambling holdings review in 2025
The Council on Ethics for Norway’s Government Pension Fund plans to examine gambling and cryptocurrency businesses in 2025 for potential breaches of the fund’s ethics guidelines, reportedly citing money-laundering risk. The council can recommend divestment or a public watch list, or ask the fund’s management to engage with a company. The fund holds shares in several gambling businesses, including Flutter and Evolution.
Companies held by the fund may face engagement, a public watch list or recommended divestment after the review.