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Advise
Operates through
Invest in
Identi es illegal activities and suggest disinvesting
Continue to manage
money invested in
Samling Global
By-passing ow of investment to illegal logging
A case study from the Norwegian sovereign wealth fund
Ministry
of
Finance
Council
on
Ethics
Council
on
Ethics
Goldman
Sachs
Charles
Schwab
BlackRock
and
others
Central
Bank
Samling
Global
Samling
Global
Other
companies
Norwegian
sovereign
wealth fund
Private sector
Private company
conducting illegal
activities
Financial sector
Financial sector
Source: Personal communication
with Keith Finlayson.