GDF Suez: EWC renders negative opinion on the partnership with the CIC Chinese Sovereign wealth fund because of doubts on the CSR compatibility of the fund’s investments

stments a subject for EWCs? In any case, the EWC of GDF Suez rendered, on October 13th, a negative opinion on the plan to open the capital of its Gas exploration business (“Exploration et Production International,” EPI), up to 30%, to the Chinese sovereign wealth fund CIC. An expert’s report commissioned by the EWC found that the fund is notably lacking transparency as regards criteria for socially-responsible investments. (Ref. 110632)

Announced in early August, the deal between the
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