The Norwegian Government Pension Fund Global (GPFG) sold its holdings in 23 palm oil producers, (including Golden Agri-Resources), in 2012 after determining that many palm oil producers did not have sustainable long-term business models.  In particular, the pension fund accused the companies of contributing to tropical deforestation in Indonesia and Malaysia.
In June 2013, the Council on Ethics for the Norwegian Government Pension Fund Global (GPFG) recommended changes to its investment exclusion list regarding Lockheed Martin. The fund recommended changing their grounds for Lockheed Martin’s exclusion from “production of cluster munitions” to “production of key components for nuclear weapons.” More than 40 pension funds, asset management companies, and insurance companies have excluded Lockheed Martin from their investments because of their involvement in the production of nuclear arms and/or cluster munitions. 
 Rainforest Foundation Norway (2012): World’s largest sovereign wealth fund divests from palm oil companies: www.regnskog.no/en/rainforest-news/global/the-worlds-biggest-sovereign-wealth-fundjoins-battle-against-rainforest-destruction (accessed 01.10.2013).
 Norwegian Ministry of Finance (2012): The Management of the Government Pension Fund in 2012, Meld. St. 27 (2012–2013) Report to the Storting (white paper): www.regjeringen.no/pages/38359835/PDFS/STM201220130027000EN_PDFS.pdf, p. 59 (accessed 01.10.2013).
 Norwegian Ministry of Finance (2012): The Management of the Government Pension Fund in 2012, Meld. St. 27 (2012–2013) Report to the Storting (white paper): www.regjeringen.no/pages/38359835/PDFS/STM201220130027000EN_PDFS.pdf, p. 75 (accessed 01.10.2013); Reuters (2013): Norway drops Asian palm oil firms in show of green credentials, 8 March: www.reuters.com/article/2013/03/08/norway-forestsidUSL6N0C05AX20130308 (accessed 01.10.2013).
 Council on Ethics The Government Pension Fund-Global (2013): Recommendation concerning the exclusion of Lockhed Martin Corp. from the investment universe of the Government Pension Fund Global: www.regjeringen.no/pages/38433495/lm_e.pdf (accessed 05.11.2013).
 Those who have excluded Lockheed Martin from their investments include: The Norwegian Ministry of Finance, Delta Lloyd Asset Management, Danske Bank, Triodos, New Zealand Superannuation Fund, AP1-4, APG, Ethias, KBC, KLP, Aviva, Norges Bank, Pensionsfonds (NL) PGB, PFA Pension (Denmark), PGGM, PFZW, PNO Media, Australian Future Fund, SNS Asset Management and Nordea (See publication of Dirty Profits 3).