Wealth fund tells firms to fight graft

Norway’s sovereign wealth fund, the world’s biggest, this week told the 9 000 firms it owns stakes in to boost their anticorruption measures, including by offering whistleblowers better protection.

“We expect all companies we are invested in to have anticorruption measures in place,” said fund chief Yngve Slyngstad.

Corruption costs the world around 2% of its wealth each year, the IMF said in a 2016 report.