Norges Bank Investment Management

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

"We contacted several of the companies to obtaininformation on how they managed the risk ofdeforestation. We also enquired whether theyhad joined the Roundtable on Sustainable PalmOil, which provided an international certificationscheme for sustainable palm oil production. Thefund then exited a number of minor investmentswith elevated risk and unwanted exposure. Thisled to our first systematic divestmentprogramme. We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"We contacted several of the companies to obtaininformation on how they managed the risk ofdeforestation. We also enquired whether theyhad joined the Roundtable on Sustainable PalmOil, which provided an international certificationscheme for sustainable palm oil production. Thefund then exited a number of minor investmentswith elevated risk and unwanted exposure. Thisled to our first systematic divestmentprogramme. We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"We contacted several of the companies to obtaininformation on how they managed the risk ofdeforestation. We also enquired whether theyhad joined the Roundtable on Sustainable PalmOil, which provided an international certificationscheme for sustainable palm oil production. Thefund then exited a number of minor investmentswith elevated risk and unwanted exposure. Thisled to our first systematic divestmentprogramme. We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"We contacted several of the companies to obtaininformation on how they managed the risk ofdeforestation. We also enquired whether theyhad joined the Roundtable on Sustainable PalmOil, which provided an international certificationscheme for sustainable palm oil production. Thefund then exited a number of minor investmentswith elevated risk and unwanted exposure. Thisled to our first systematic divestmentprogramme. We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions." 

"We contacted several of the companies to obtaininformation on how they managed the risk ofdeforestation. We also enquired whether theyhad joined the Roundtable on Sustainable PalmOil, which provided an international certificationscheme for sustainable palm oil production. Thefund then exited a number of minor investmentswith elevated risk and unwanted exposure. Thisled to our first systematic divestmentprogramme. We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

"We decided to reduce the fund’sexposure to small companies in the farming andfishing sectors with plantations in Malaysia orIndonesia that derived 20 percent or more oftheir revenue from the production of palm oiland had no clear plan to achieve 100 percentsustainable palm oil certification within a year.Based on these criteria, we divested from 28companies between 2010 and 2014." "When considering companies for divestment, we focus on those that operate palm oil plantations in Malaysia and Indonesia, and have palm oil production as a significant part of their business. We also look at whether companies have been certified by the Roundtable on Sustainable Palm Oil, or plan to become certified. In 2018, we assessed companies previously divested, as well as companies currently in the portfolio that have direct exposure to palm oil production. This assessment in 2018 lead to two divestment decisions."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"The fund helps develop standards by engaging with regulators and standard setters. We expect companies to comply with applicable laws and regulations in the countries and markets they operate in. Our expectations and principles build on international standards, which place the responsibility for a company’s strategy and operations in the hands of its board and management."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

[Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

[Translation] "When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

[Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

[Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

[Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

(Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."

(Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."

(Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."

(Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." [Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." [Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." [Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes." [Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

"Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes and protection of high-carbon-stock landscapes."

[Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

[Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

[Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

[Translation] "Another assessment of risk related to deforestation dealt with paper production,with the focus on sustainable forestry practices and certification schemes. When considering companies for divestment we focused on those with activities in high-risk countries. We also considered the FSC certification status of the companies. FSC certification ensures that products come from responsibly managed forests that provide environmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016".

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

"Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."

Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."