Companies can hardly afford to disregard a nudge from Norges Bank Investment Management (NBIM), the world’s biggest sovereign wealth fund. They should therefore be aware that the asset manager has just revealed a new engagement priority going forward: human capital management. On 17 August, NBIM published a comprehensive document detailing the expectations they have regarding the way their portfolio companies should manage human resources.
“Companies that invest in their employees will become the winners of tomorrow since people have become companies’ greatest resource,” comments Nicolai Tangen, NBIM’s CEO. His statement reflects a belief that the way companies invest in people is becoming increasingly important for value creation and profitability.
