…Norges Bank Investment Management (NBIM) manages the Government Pension Fund Global with a mission to safeguard wealth and achieve the highest possible return for current and future generations.

Responsible investment is part of our investment mandate. We have formulated public expectations on key sustainability topics towards companies, which are based on international standards such as the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights. We seek to use our leverage to influence investee companies to prevent or mitigate adverse impacts, and to promote responsible business conduct through our active ownership.

When it comes to labour rights, this is covered in our expectation documents on human capital management and human rights. The issues raised in the report - including recruitment fee charging, retention of identity documents, intimidation, and inadequate living conditions - may be indicators of forced labour under ILO conventions. We expect companies in our portfolio to implement robust due diligence systems to identify and address such risks.

Our sustainability due diligence is outlined publicly on our website. From this site, you may navigate to our Responsible Investment reports, which add further detail to this. We systematically assess human rights risks across our portfolio…