Home > Uncategorized > Norway state pension fund is tobacco free

Norway state pension fund is tobacco free

 

Tobacco producers excluded from Government Pension Fund Global – regjeringen.no.

Along with New Zealand, Norway is currently, to my knowledge, the only other state pension fund to become tobacco free.  The link above outlines the reasoning.  The government report comments on the unique status of tobacco as a consumer product:

“tobacco is a product in a class by itself in that it can cause serious health problems when used as intended.”

The report also reflects on the shared societal values about tobacco reflected in the Norwegian government signing the UN Framework Convention on Tobacco Control, and the tight restrictions on tobacco introduced by domestic legislation.

These considerations also apply in other jurisdictions such as the UK where there is cross party consensus on reducing smoking prevalence and severely restricting tobacco marketing.

The Norwegian ethics council produced a report listing 17 companies that are now barred by the pension fund.

 

 

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