Established in 1996 with the primary objective of investing the proceeds from Norway's oil and gas industry, the fund has continually shown support for similar shareholder proposals over the years. Demonstrating its investment approach recently, the sovereign wealth fund, also known as the Government Pension Fund of Norway, extended its backing to similar shareholder proposals at various multinational companies in the past year.
1. The fund was established in 1996 to invest proceeds from Norway's oil and gas industry.
2. Also known as the Government Pension Fund of Norway, it has continually supported similar shareholder proposals over the years.
3. The fund has a history of investing in eco-friendly, sustainable businesses.
4. In the last year, the fund has backed shareholder proposals at various multinational companies.
5. The fund aims to promote transparency and corporate responsibility in businesses globally.
In 2020 alone, the Government Pension Fund of Norwary supported 75% of climate-related shareholder proposals.
The Fund, also known as the Norwegian Government Pension Fund Global, has a long-standing history of investing in eco-friendly, sustainable business ventures. The fund was established by the Norwegian government in 1996 primarily to invest the revenue from the country's robust oil and gas industry. Notably, in the preceding year, it backed similar shareholder proposals in a bid to intensify climate reporting among companies globally. The fund's commitment to promote transparency and corporate responsibility within the business realm serves as its driving principle.