Respecting human rights is part of good business practice and risk management. Companies have a responsibility to respect human rights, including in their own operations, as well as in supply chains and other business relationships. The expectations are based on international standards like the UN Guiding Principles on Business and Human Rights and the OECD’s guidelines and principles.
Our expectations are primarily directed at company boards and serve as a starting point for our interaction with companies on the topic of human rights.
The purpose of these expectations is to broadly set out how Norges Bank Investment Management expects companies to respect human rights and address this in their business practices. This includes strategy, risk management, reporting and engagement with stakeholders.