The purpose of this document is to broadly set out theways in which Norges Bank Investment Management, asa financial investor, expects companies to respect humanrights, and address human rights issues in their businesspractices. Our expectations are primarily directed atcompany boards and intended to serve as a starting pointfor our interaction with companies on the topic of humanrights.Boards should understand the broader environmental andsocial consequences of business operations, and mustset their own priorities and account for the associatedoutcomes. In line with the OECD Principles for CorporateGovernance we expect company boards to take intoaccount the interests of all relevant stakeholders. Boardsshould ensure that the company has a policy to respecthuman rights and that relevant measures are integratedinto corporate business strategy, risk management andreporting. Strategies for responsible business conductshould follow the UN Guiding Principles for Business andHuman Rights, where applicable. Boards should ascertainthat the ensuing responsibilities are clearly defined withinthe organisation and they should effectively guide, monitor,and review their management in carrying out these efforts.