Fund should push agenda

NORWAY’S $975 billion (R13.08 trillion) sovereign wealth fund, the world’s largest, should be more forceful in promoting its ethical agenda and influencing the thousands of companies in which it invests, a report said yesterday. The fund expects the firms in which it invests to have policies on issues such as child labour, human rights or water management and does not invest in firms that derive more than 30 percent of their turnover from coal. A study by the Re-Define think tank said the fund should apply its expectations documents on human rights, children’s rights, climate change, water management and tax and transparency to itself, just as it expects the asset managers to follow.