Thanks to the Treatyon the Prohibition of Nuclear Weapons, Norway's largest private pension fund, Kommunal Landspensjonskasse (KLP), which manages about $90 billion worth of assets, sold shares and bonds in companies related to unconventional weapons such as nuclear weapons, including RTX. US) and Rolls-Royce plc, among others.
KLP said in a statement that it sold about $123 million in shares and $24 million in bonds from 14 weapons-making companies, including Raytheon, Rolls-Royce, Erbit Systems (ESLT. US), General Dynamics (GD. US), KBR Technology (KBR. US)、L3Harris Technologies(LHX. US)、Leidos Holdings Inc(LDOS. US), etc.
"Companies that we exclude from our list produce various components of nuclear weapons or cluster munitions, or provide support services for such weapons," KLP said. Such weapons are problematic under international law. ”
The company said that after the U.N. Nuclear Weapons Ban Treaty entered into force in January, it was necessary to "impose stricter standards on companies that contribute to the continued existence of nuclear weapons."
Earlier, KLP also sold 22 companies related to controversial weapons, as well as some oil sands producers, coal companies, liquor producers and gaming companies.