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A $1 Trillion Fund Cracks Down on Corruption in Its Portfolio

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The world’s biggest sovereign wealth fund signaled it will get tougher in weeding out companies from its portfolio that don’t live up to a set of anti-corruption standards it has set.

Chief Executive Officer Yngve Slyngstad said “data on corporate governance and sustainability can influence our investment decisions. Our goal is to reduce the fund’s risk. We want companies to move from words to numbers so that we can get a better understanding of financial opportunities and risks.”