Norwegian oil fund warns PRI network not to divert from original principles

Management at the Norwegian oil fund NBIM has reservations about the responsible investment network PRI's current focus. The network's purpose is not to define how investors should advance global development and support international political commitments, says NBIM in a letter to PRI.

Photo: PR: UN

An early signatory of the international network supporting the UN-backed Principles for Responsible Investment (PRI), the Norwegian oil fund warns the network against diverting from its original six principles.

In a letter to the PRI Association,which is meant to complement a signatory survey, NBIM's investment manager writes:

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