Nordea responds to Qatar criticisms: ”Nordea has clear guidelines for addressing human rights breaches"
Several financial institutions have indirect investments in the construction and hotel industry in Qatar, which is experiencing a boom in the run up to the football world cup – and heavy criticism for breaches of worker and human rights.
by martin fuglseth kolden, translated by catherine brett
The kick-off of the football world cup in Qatar is approaching, and the working conditions for migrant workers involved in the construction industry in the country are being put under the microscope.
A report examining investments in illegal Israeli settlements on the Palestinian West Bank reveals that Norway’s oil fund is the largest investor in 50 companies located there, and that AB Industrivarden and Nordea are also among the 10 largest.
Once again, AMWatch is handing over the mic to international asset managers with a Nordic presence during the festive season. This time our December/New Year series is being kicked off by Ulrik Holm Oxfeldt, head of Nordics at US-based firm Columbia Threadneedle.
Funds linked to environmental, social and governance principles are by definition supposed to minimize risks tied to those three factors. In 2022, the approach did little to help protect investors from the brutal slide in the financial markets.