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Norway’s oil fund steps up engagement with companies

Norway’s $1.1tn oil fund quizzed Amazon about human rights, Citigroup about anti-money laundering systems, and General Electric and Microsoft about executive pay as it stepped up meetings with companies in the past year. “The way companies approach these themes will have an impact on how they create value in the long term,” said Carine Smith Ihenacho, chief corporate governance officer at the oil fund’s manager. Read More...

Norway’s $1.1tn oil fund quizzed Amazon about human rights, Citigroup about anti-money laundering systems, and General Electric and Microsoft about executive pay as it stepped up meetings with companies in the past year. “The way companies approach these themes will have an impact on how they create value in the long term,” said Carine Smith Ihenacho, chief corporate governance officer at the oil fund’s manager.

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