BY CHIKA OKEKE, Abuja The world’s largest pension fund controlled by Norway has dumped Bolloré group over lingering human rights abuses at cocoa and palm oil plantation. This was contained in a report from the Norwegian Bank Investment Management (NBIM) and made public on 26 February 2026. Bolloré Group is a major French conglomerate (founded in 1822) controlled by the Bolloré family, with core businesses in transportation, logistics, communication, and energy storage/systems. The report stated that after years of dialogue with Bolloré SE and Compagnie de l’Odet SE on the handling of human rights risks, sexual violence, harassment and labor rights abuses at the plantations of the Luxembourg-based company, Socfin, in which the Bolloré group holds a significant share, NBIM decided to exclude them from its investment portfolio. Though the violations and abuses have long been denounced by affected communities, the Socfin group controls 370,000 hectares for the ...
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