Oil fund opposes climate proposal initiated by Nordic investors

The Toyota shareholder proposal on increased climate transparency is backed by several major investors and is the first of its kind directed at the Japanese carmaker.

The CEO of Norges Bank Investment Management, Nicolai Tangen. | Photo: Ntb/Reuters/Ritzau Scanpix

by PHILIP MADSEN

Norges Bank Investment Management (NBIM) motions to vote against a climate shareholder proposal initiated by Storebrand and Danish pension firm Akademikerpension and directed at the Japanese carmaker Toyota, the fund has revealed on its website.

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Oil fund opposes climate proposal initiated by Nordic investors

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Investors challenge Toyota to seek greener course

Oil fund welcomes global standards on sustainability reporting

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Sign up for our newsletter

Front page now

Nordic Alpha Partners reels in international investment giants for second fund

Norwegians are investing record amounts in funds

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Nordic institutional investors still see potential in beleaguered Swedish battery producer

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Further reading

World's best EMD team still waiting for clients to return to Danske AM

Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Storeband increases stake in Danish infrastructure manager to become majority owner

Nordic institutional investors still see potential in beleaguered Swedish battery producer

New Nordic high yield manager keeps attracting inflows

Expansion of Nordic team has paid off: Inflows to all core products for US manager