FILE PHOTO: Norway’s $975bn sovereign wealth fund, the largest in the world, needs to promote its ethical agenda and exert influence on the companies in which it invests more rigorously, according to a report by the Re-Define think tank. The report, published this week, says that while Norway has been one of the most active investors in fossil fuels, including oil sands production, since 2009, it is now lagging behind other countries when it comes to investing Amnesty International, Save the Children and seven other NGOs commissioned the report, and said that fund must now “apply its expectations documents on human rights, children's rights, climate change, water management and tax and transparency to itself”.
Norway’s $975bn sovereign wealth fund, the largest in the world, needs to promote its ethical agenda and exert influence on the companies in which it invests more rigorously, according to a report by the Re-Define think tank. The report, published this week, says that while Norway has been one of the most active investors in fossil fuels, including oil sands production, since 2009, it is now lagging behind other countries when it comes to investing Amnesty International, Save the Children and seven other NGOs commissioned the report, and said that fund must now “apply its expectations documents on human rights, children's rights, climate change, water management and tax and transparency to itself”.