NBIM Publishes New Human Capital Expectations

Norges Bank Investment Management (NBIM), which manages Norway’s sovereign wealth fund, has published a new document outlining its expectations on how investee companies should manage their human capital. NBIM stresses that going forward human capital management will be a priority, citing research highlighting that companies investing strategically in their human capital will be the most profitable in the long-term. The firm says it expects the companies it invests in to have a board-level strategy that outlines how they will invest in their employees throughout the value chain to secure growth, innovation, and good and safe workplaces. Carine Smith Ihenacho, NBIM’s Chief Governance and Compliance Officer, said: “With this new expectation document, we make it clear to the companies that human capital will be a priority in our ownership work going forward. We are clear on what our expectations are.” 

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