If any investor can change corporate behavior by withholding money, the world’s biggest sovereign-wealth fund surely should be able to. In fact, the impacts are hard to discern. Norway’s $1 trillion Government Pension Fund Global invests in line with its ethics, which means blacklisting about 150 stocks from its portfolio, for reasons including human-rights violations, making especially nasty weapons or being involved in tobacco.

Source: Wall Street Journal June 30, 2019 15:00 UTC