AMWatch

NAM, PenSam and AkademikerPension file resolution targeting tax practices at tech giant

Microsoft, a staple of ESG investment funds, is being called out by a group of shareholders for what they say is its poor track record on tax transparency.

Jens Munch Holst, chief executive at AkademikerPension, said in a statement that “if Microsoft changes course and embraces GRI standards of reporting, it will boost the company’s brand and will lift standards across the entire global Big Tech sector.” | Photo: Peter Hove Olesen

Investors managing more than USD 350bn in total filed a resolution demanding that Microsoft report in line with the Global Reporting Initiative Tax Standard, according to a statement from the group on Tuesday.

The resolution also calls on Microsoft to disclose its tax and financial information on a country-by-country basis.

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