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Oil fund encourages Japan's plans for human rights guidelines

The manager of Norway’s gigantic Pension Fund Global has written a letter to the Japanese Ministry of Economy, Trade and Industry.

Photo: Pexels: Aleksandar Pasaric.

Norges Bank Investment Management (NBIM), which manages the NOK11.9trn (EUR 1.2trn) Government Pension Fund Global, has encouraged Japan to move ahead in its plans for new guidelines on human rights in companies’ supply chains, reports IPE.com.

In response to a consultation round, NBIM Chief Governance and Compliance Officer Carine Smith Ihenacho and Global Head of Corporate Governance Wilhelm Mohn write they ”welcome the introduction of the guidelines with the aim of encouraging companies to respect human rights,” in a letter to the Japanese Ministry of Economy, Trade and Industry dated 29 August.

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