RESPONSIBLE INVESTMENTS

BI, 15th November 2012

RESPONSIBLE INVESTMENTS

How we try to be a responsible owner

Goal:long-term and sustainable businesses.

Human rights Labour rights

EnvironmentCorruption

Exclusion

WeaponsTobacco

Conduct based criteria Product based criteria

Business ethics Individual rightsin war and conflict

Engagement and active ownership

Dialogue

Voting

Initiatives aiming at dialogue, improved information or

standard setting

Still too few active shareholders

Source: MSCI

For a sustainable development

Where are we now?

7

Current practices? What do they

deliver?

1.Has SRI/ESG

been a success?

2.Where are we

moving?

3. 4.What are the

challenges ahead?

Show the materiality

9

Reputation of the industry

Don’t forget the basics! • Don’t sell products clients

don’t need.

• Don’t sell products clients don’t understand.

• Be clear about the risk level.

• Be transparent and do proper reporting about performance, costs involved, success fees etc.

• Low-cost management is a part of sustainable asset management.

Norsif

- An investor initiativeDanske Capital, DNB, Folketrygdfondet, KLP, Ministry of Finance, Nordea, Storebrand

- Aim: Building knowledge and competence about sustainable and responsible investments in the industry and among stakeholders

- FNO will function as a secretariat

- Formal launch in the beginning of 2013

Heidi Finskas: hfi@klp.no, tel. 45 88 04 60