According to Norges Bank Investment Management's new position paper: "Corporate Sustainability Reporting," it expects its portfolio companies to report at least annually on their financially relevant sustainability risks, management, and performance with quantitative information based on SASB for industry-specific metrics and the GRI standards for broader disclosures, or other established international frameworks and standards. The institutional investor will consider supporting shareholder proposals that call for reasonable sustainability disclosure if it deems the company's reporting to be inadequate; however, it won't support proposals that "appear[s] to impose a strategy or prescribes detailed methods, unrealistic timeframes or targets for implementation." More broadly, the position expressed in the new paper reportedly will inform the investor's voting, and its discussions with companies and standard setters.
NBIM's concurrently released 2019 Responsible Investment report summarizes its perspective on the various widely known sustainability frameworks and standards, expectations of portfolio companies, 2019 proxy voting activity and engagement, and much more.
See also NBIM's release. This post first appeared in the weekly Society Alert!