"Norway's $810 bln wealth fund to question companies on human rights", 5 Feb 2016

Norges Bank, Norway’s central bank, which administers the country’s massive sovereign wealth fund, has published its second annual report on the responsible investment approach of the Government Pension Fund Global. The report reviews the fund’s responsible investment in practice through last year and outlines what the central bank will expect from firms in which it will invest in 2016...The central bank says it expects companies to address a broad set of long-term risks in their strategies, investment plans, risk management and reporting. It has also updated its expectations with regard to children's rights, water management, climate change and how companies manage human rights..."The aim is to be clear about what we expect and where we stand. Our responsible investment approach may lead us to divest from companies following an assessment of environmental and social risk factors. We divested from 73 companies on the basis of such assessments in 2015. In the last four years, we have divested from a total of 187 companies. We expanded our risk analyses in 2015 to look more closely at social and governance issues relating to health, safety and the environment, human capital and corruption” [said Yngve Slyngstad, CEO of Norges Bank Investment Management.]