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

By Frances Schwartzkopff / BLOOMBERG

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.

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

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Front page now

Bonde was losing support at Alecta prior to departure, Swedish daily reports

Castellum's Danish country manager to join Norwegian pension investor

Impact pioneer eyes investor appetite for a food revolution

Two Danish pension funds first in the world to receive approval from climate initiative

Alecta’s chair resigns from board of the troubled Swedish pension giant

Storebrand maintains its first municipal pension deal

BankInvest's two alternative funds in negative territory

Finnish pension fund CEOs propose higher risk to overcome demographics

S-Bank's head of WM moves to bigger role and asset volumes at OP

Mandatum set to debut in Helsinki in biggest listing since 2005

Polaris welcomed into new territory: "There is a huge need for capital"

AP2 teams up with think tank to identify deforestation exposure in global portfolios

Further reading

Impact pioneer eyes investor appetite for a food revolution

Two Danish pension funds first in the world to receive approval from climate initiative

Alecta’s chair resigns from board of the troubled Swedish pension giant

BlackRock: High number of US investors plan to increase allocation to green transition

Startup investor with Nordic roots expands into Finland, kicks off new fund

Companies are more responsive when voted against, Amundi's engagement head says

Jobs