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

Norway's oil fund calls for more disclosure from Chinese companies

Sign up for our newsletter

Front page now

Nicolai Tangen is a huge fan of the Women in Finance Charter but stresses that promotions must be fair

Pension funds abandon dialogues with oil majors and divest shares

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

Swedish asset manager kicks off new fund with leading Nordic institution

More than one third of managers do not report ESG violations to Varma, despite shared values

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

BankInvest to optimize investment processes with new hire

World’s no. 1 stock owner calls out Big Oil as carbon levels go up

Nordics show clear appetite for new asset classes, BlackRock survey reveals

28 Nordic investors in new alliance to engage companies on nature risk

Storebrand growth fund gets new portfolio manager

Danish pension fund invests to support female entrepreneurship in Southeast Asia

Further reading

Swedish asset manager kicks off new fund with leading Nordic institution

Analysis: Will Nordic investors take the lead in the battle of biodiversity?

BankInvest to optimize investment processes with new hire

Danish FSA criticizes investment funds for inadequate evaluation between costs and returns

More than one third of managers do not report ESG violations to Varma, despite shared values

Nordics show clear appetite for new asset classes, BlackRock survey reveals

Jobs