Norway’s $2.3 trillion sovereign wealth fund, managed by Norges Bank Investment Management (NBIM), votes in favor of shareholder proposals requesting a human-rights review at Palantir Technologies, according to reports. The proposals are framed around the company’s human-rights practices and call for additional review and related reporting.
Bloomberg reports that NBIM supported all shareholder proposals put forward at Palantir, while noting that the fund’s increased use of voting and other shareholder actions is attracting closer attention from the Norwegian public and regulators. The Next Web similarly describes NBIM’s intervention as notable given the fund’s typical approach to companies it owns, highlighting the significance of the holder’s size when it chooses to back particular requests.
Both accounts indicate the decision is made through NBIM’s shareholder voting process rather than a direct divestment. The coverage focuses on the human-rights review outcome and the broader trend of sovereign wealth fund activism being scrutinized more closely in Norway.
