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Kuala Lumpur, 19 Aug 2015 – Yesterday the Norges Bank took the decision to exclude RSPO members IJM and Genting Berhad from the Norwegian Government Pension Fund Global (GPFG). Daewoo International Corporation and its parent company POSCO were also excluded from the GPFG. The decision was taken based on the recommendation of the GPFG Council on Ethics which found that there was an unacceptable risk of the companies being responsible for severe environmental damage associated with the conversion of tropical forest into oil palm plantations, based on information provided by these companies as part of their sustainability reporting commitments.