The Council on Ethics for the Government Pension Fund Global, Oslo, hired two firms to help monitor companies that might conflict with the sovereign wealth fund's ethical guidelines. A notice filed with European procurement website Tenders Electronic Daily said the Council on Ethics, which evaluates whether investments are in line with the 8.52 trillion Norweigan kroner ($1.06 trillion) fund's ethical guidelines, rehired RepRisk and also hired ISS-Ethix for two, four-year contracts. Reprisk was hired to provide access to a database with information on allegations toward companies the fund invests in. The notice said the database will be used to find information on and make internal watchlists regarding firms that may be involved in such activities. The council requires a bimonthly report on such companies. ISS-Ethix was hired to screen whether company products are in line with the fund's guidelines. The council requires a quarterly report on these companies. A spokesman for the council was not immediately available to comment.
The Council on Ethics which advises investor ’s Government Pension fund Global has hired two companies to monitor firms that might violate the ethical guidelines governing the fund ’s $ 1tn sovereign wealth fund . RepRisk has been rehired by the Council to provide information about allegations regarding the companies invested in by the fund so that watchlists can be established . ISS - 1 has been hired to screen company ’s products for compliance with the fund ’s guidelines . Both companies have been given four - year contracts .