Responsible Investor

Norwegian pension fund meets resistance in US shareholder rights campaign

Western Union seeks to omit shareholder resolution from ballot

RI Governance & Engagement, Dec. 15: US pension funds take on drilling firm Nabors over pay

RI’s regular look at governance and engagement news

FREE Norwegian Finance Ministry puts France’s Alstom on watch over corruption

FMC Corp. and Potash Corp. excluded over Western Sahara operations

Norwegian government fund seeks to nominate directors at big US firms

Norges makes its first ever ‘proxy access’ move

NBIM to publish written expectations on board accountability

One of six strategic focus areas for influential investor

RI Governance & Engagement, November 10: NBIM takes on Goldman over mortgage securities

RI’s regular review of governance news

Norges Bank sets up 4,000-company ESG database

New resource for portfolio managers and analysts

Norwegian investment giant Storebrand boosts sustainability capability

€50bn finance giant names sustainability strategist

Companies rate poorly on water risk, says Norges Bank

Firms score an average 2.7 out of a maximum nine

FREE NBIM withdraws request for special audit at Porsche

Two-year engagement relating to VW acquisition

NBIM wants “market-wide rethink” on how investors tackle remuneration

Voting on executive pay a “distraction” says giant investor

Norwegian govt fund embroiled in Indonesia illegal logging allegations

Investor facing scrutiny from NGO

Norges Bank reveals ratings of global companies’ children’s rights disclosures

Motorola, Intel, Disney, Xstrata etc. score well but 232 firms rate a zero

Norway’s KLP excludes three new companies over tobacco and environmental damage

Influential responsible investor now blacklists 63 firms

Norwegian government fund assesses 432 companies on water risk

Investor says just 50 firms report on supply chain water risks

Norwegian govt fund giant adds €630m to one of world’s largest green allocations

GPFG says no change on climate risk approach following research, however.

NBIM says companies failing on climate change risk management

Mixed results also on children’s rights and water management

Norwegian investor KLP votes against BP chairman

Environment committee chief and remuneration also rejected

RI Briefing, April 6: FTSE launches ESG ratings service

RI’s regular round-up of responsible investing news

RI Governance & Engagement: April 1: RWE, BP, US proxies, fifth analyst call

RI’s round-up of the most important corporate governance and shareholder engagement news.

Norwegian Global Fund’s environmental assets exceed €3bn

Giant investor now has nine environmental mandates

Norwegian Government Fund excludes Chinese conglomerate over tobacco

US industrial group L-3 Communications readmitted

RI People & Appointments, March 7: Dr. Aled Jones to head new Global Sustainability Institute

RI’s regular Monday review of people moves and appointments.

Norges Bank Investment Management CIO steps down unexpectedly

CEO Slyngstad to take over on an interim basis

Norwegian Global Fund excludes Malaysian logging firm

Giant fund now excludes a total of 51 companies

Norwegian Finance Ministry’s response to Burma accusations

Response to Broken Ethics report

NGO condemns Norwegian pension fund’s oil & gas investments in Burma

EarthRights International says fund has $4.7bn tied up in repressive regime

Norway’s KLP puts BP on watch list over Deepwater oil spill

Influential responsible investor initiates dialogue with oil giant

Two new Ethical Council members join Norwegian government fund

Appointments come as advisors suggest insurance role for €372bn fund

CSR guidelines incorporated into Norwegian corporate governance code

Boards to include CSR factors in risk management.

Norwegian Govt Fund under fire over ‘reprehensible’ external managers’ performance fees

Finance ministry rejects watchdog’s criticism that fees should have been capped.

NBIM outlines misgivings on UK Stewardship Code

Influential investor sees ways new Code won’t work

Norway’s Central Bank rejects giant Govt. pension fund’s €2.5bn environment investment plans

Norges Bank says green investments should not be separate from overall strategy.

Norway’s KLP reviewing ESG providers

€22bn Norwegian manager issues request for proposal

Norway State Secretary for Trade and Industry to address ESG Europe 2010 conference

Rikke Lind joins speakers from some of Europe’s largest institutional investors and corporates at landmark summit.

Norwegian government fund excludes Israel construction firm

Giant fund the latest to exit Africa Israel Investments

Norwegian global fund takes €1.1bn hit on BP

Giant investor says it backs BP board

Giant Norwegian govt fund tenders corporate credit mandate

One of world’s largest RI proponents searches for US credit manager.

Dutch and Norwegian ministers to address RI ESG Europe 2010 conference on October 13

Conference looks at bridging the gap between investor ESG requirements and CSR initiatives.

Norway responds to Global Fund ethics criticism

Responsible investing evolves at ethics-driven giant

Norway’s KLP excludes two over Western Sahara minerals

Phosphate imports targeted by €32.5bn insurer

NBIM, APG call for “concrete action” on child labour in cocoa industry

Cocoa industry meeting fails to meet expectations, say funds

Thomson Reuters buys carbon data firm Point Carbon

Acquisition follows Bloomberg’s New Energy Finance deal

Norwegian central bank warns companies on child labour

Global Pension Fund manager to track firms for 20 years

Giant Norway fund manager to vote against shareholder say-on-pay proposals

Management knows best, says manager of Norway’s Government Pension Fund Assets.

Storebrand Bank names acting CEO, excludes 90 firms

Management change at Norwegian insurance and asset management group

RiskMetrics’ Kjaer appointed to Irish reserve fund commission

Ex-NBIM chief executive joins NPRF Commission.

Giant Norway fund manager puts searchable holdings and voting data on website

Norwegian fund takes a step foward in transparency

Giant Norwegian fund’s coal investments under scrutiny

RI round up: Apr 09

RI’s regular round-up of the most important responsible investment news.

Global institutional big-hitters join climate change asset allocation study

Numbers swell for Mercer-led future strategy projections project.

Norwegian Global Fund hires specialist water manager

Water Asset Management picks up undisclosed sum for investment brief.

Giant Norway fund relaxes controversial exclusion policy

Norges Bank to favour initial lobbying engagement where possible.

Norway fund giant outlines ESG criteria for real estate billions

Property portfolio could reach €16bn.

Norway legislates against EU carbon credits fraud

Clamp down on VAT fraud by EU states.

Norwegian fund sells off euro1.8bn in tobacco shares after government ban

Ministry of finance approves tobacco manufacturer exclusion.

Norges Bank details first RFPs for raft of enviro equity mandates in euro2.5bn programme

Mandate sizes for each manager in the $50m-$250m range.

Fund manager to €280bn Norway scheme in major governance hires

Norges Bank Investment Management recruits head of core corporate governance and related analysts.

CalPERS joins Norway and APG in climate change asset allocation research project

Mercer led study to look at climate change issues in investment strategy models.