As criticism in certain quarters is regarded, both inside Norway and without, like negative hype, it in fact gives an outstanding instance of how the ethical investments pose an optimistic impact on corporate standards development and business practices all around the world.
Global investments of Norway have been managed through state owned Norges Bank of Investment Management that manages the finance of above $450 billion, and much of it has been invested as per the ethical principles of investment and is based upon ethical investment criterion.
Norway, at present, has above $16m invested in the Sinar Mas; it’s a Malaysian company that comprises biofuels in its produce range.Though, Sinar Mas has been blamed for destroying the rainforest plus orang-utan habitats as its campaign part to free up the land for the manufacturing of palm oil that is a major key component of the biofuels.
Sinar Mas is already declared for clearing the land for the plantation; ahead of it, has permits and prepared conservation assessments.
As the Norwegian government has been treating hypocrisy accusations as harmful publicity, there has also been an optimistic side of the story.
The Greenpeace pressure also shows how ethical investment companies and governments are struggling for ensuring that they cash profits only such companies that reveals elevated standards of the environmental commitment plus the corporate governance.
They too reveal how they could regulate their moral portfolios for avoiding such industries and companies with skeletons at their ethical cabinet.
The circumstances in Indonesia also demonstrate how the growth on the worldwide stage, while emerging as an optimistic environmental development, could be filled with the ethical problems and the concerns if you dig little deeply.
The government of Indonesia is promoting the palm oil plantations creation in Papua for bringing growth to the area.
They also claim that rising palm oil production makes a highly ethical and solid contribution to slow switch away of fossil fuels.
Though, in Papua there is extensive bullying plus coercion of localized communities, to compel them for allowing their land getting used in such a way.
In single case, one 4-year-old was compelled for signing the documents to give control of the land own by his family for last decade to the plantation company.
On a much optimistic note, Norway in recent times scrapped the investments in the Samling Global, it’s a Malaysian timber company charged of illegitimate logging, as well as, environmental damage.