NBIM: Location-specific data is a big challenge to biodiversity risks
The "lack" of location-specific data on companies' operations and supply chains poses a "big challenge" to assessing biodiversity risks, Norges Bank Investment Management (NBIM) has said.
People Moves 18 November: EFRAG, NBIM, IFC & more
NBIM to demand net zero targets of all portfolio companies
Norges Bank Investment Management (NBIM) has warned the biggest polluters in its vast investment portfolio that it expects them to set targets to hit net zero by 2050 "as a matter of urgency", ahead of potential divestment from companies with "high and unmitigated climate risks".
NBIM urges Japan to adopt global human rights disclosure standards
The manager of the NOK11.9 trillion ($1.2 trillion) Norwegian sovereign wealth fund has urged Japanese policymakers to encourage companies to provide human rights disclosures...
NBIM outlines 'human capital' expectations for firms
Norges Bank Investment Management (NBIM) has published expectations for the "human capital management policies" of firms it invests in amid concern that investors do not currently get a "clear picture" of their investment in people.
Focus on banking transition plans as priority, IIGCC recommends
A proposed 'gold standard' for company and investor net-zero transition planning should prioritise the banking sector, according to a €51 trillion ($52 trillion) group of institutional investors.
Amazon vote a 'seismic shift' on tax transparency
A fifth of independent Amazon shareholders backed a "historic first" shareholder resolution requiring the online retailer to publish a tax transparency report...
NBIM backs ISSB enterprise value approach
Norges Bank Investment Management (NBIM) has said it supports the IFRS Foundation's focus on sustainability factors that affect a company's 'enterprise value' as the standard setter develops 'baseline' global sustainability standards.
NBIM divests from 29 companies over labour conditions
The manager of the giant Norwegian sovereign wealth fund touted the positive return it has gained from 'risk-based' divestments, as it detailed a raft of company exclusions on human rights, biodiversity and coal in 2021.