Recommendation of DRD Gold Limited

Published under: Stoltenberg's 2nd Government

Publisher Ministry of Finance

The Council has reached the conclusion that the Ethical Guidelines, point 4.4, second clause, third bullet point, provide a basis for recommending the exclusion of DRD Gold Limited owing to an unacceptable risk of contributing to severe environmental damage.

At a meeting on 4 October 2005 the Council on Ethics for the Government Pension Fund – Global resolved to assess whether the investment in the company DRD Gold Limited1 may constitute a risk of the Fund contributing to severe environmental damage under point 4.4 of the Ethical Guidelines.

The Council has reached the conclusion that the Ethical Guidelines, point 4.4, second clause, third bullet point, provide a basis for recommending the exclusion of DRD Gold Limited owing to an unacceptable risk of contributing to severe environmental damage.

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