Support for water-related shareholder proposal at Imperial Oil Limited

Norges Bank Investment Management will vote in favour of the shareholder proposal related to disclosure of water-related risks at the Annual General Meeting of Imperial Oil Limited on 27 April 2018.

20 April 2018

Our rationale

We believe that companies should disclose their water management strategy, risks and opportunities on a sufficiently granular level to reflect both short- and long-term scenarios. Companies should strive to publicly report appropriate water data across operations. Public disclosure on relevant physical, regulatory or reputational water risks, and related responses, would enhance transparency and accountability on water management.

Expectation document on water management