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The recent cocoa industry meeting in Utrecht showed companies are still far from fulfilling their 2001 pledge to eliminate child labour in the sector. Industry leaders must take concrete action to remedy this, say pension fund managers Norges Bank Investment Management and APG Asset Management.

The Government Pension Fund Global has a number of distinguishing characteristics that can be used to generate an excess return on investments. Active management of the fund has helped to increase returns over the past 12 years, and also supports the performance of NBIM’s other tasks. At the same time, the fund’s costs for active management are relatively small, and there has been little change in risk due to active management.

Opportunity to comment on the forthcoming NBIM investor expectations: Water management

A global shortage of water represents a financial risk to the fund. Norges Bank’s Executive Board has therefore decided to extend the environmental focus area for active ownership to include water management.

By Magdalena Kettis, PhD, Head of Social and Corporate Governance, Norges Bank Investment Management(NBIM)