Norway Government Pension Fund-250b Euro-reveals engagement results
Fund says it will also start disclosing complete shareholder voting decisions on-line.
The €250bn ($366bn) Norwegian Government Pension Fund, has opened its books to show how it engages and measures results with multinationals on issues such as child labour, climate change, executive pay and governance. It stopped short, however, of naming the corporations that it has lobbied – which it had planned to do – saying companies felt public dialogue would be “different and less credible” than confidential talks. Starting this year, Norges Bank, which manages the pension fund money, said it would also disclose all its voting activity during the previous year on the internet at the same time as its annual report.
Full story by Hugh Wheelan |