Norway’s funds push on KPIs
Norway’s largest financial institutional investors have launched a collaborative project to obtain data on companies’ environmental, social and governance performance. The coalition of investors, called Sustainable Value Creation (Bærekraftig verdiskaping), is conducting a survey of companies listed on the Oslo Børs Benchmark Index regarding looking at policies for sustainable value creation, including environment, corruption, human and labour rights.
Companies have been asked about four main areas: overall policies and commitments; implementation and adherence; communication and reporting; and the board’s accountability. The results will be publicly available in a report in November 2008.
The Sustainable Value Creation project is Alfred Berg, DnB NOR, Folketrygdfondet, Gjensidige, KLP, Nordea, the Norwegian Ministry for Trade and Industry, Odin, Oslo Pensjonsforsikring, StatoilHydro Kapitalforvaltning, Storebrand and Vital. In total the coalition members represent assets of NOK2.7 trillion (€340bn), of which NOK1 trillion is invested in the Norwegian market.
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