NORWAY - The Norwegian ministry of finance is seeking an ethical screening service for the Norwegian Government Pension Fund - Global to assess possible breaches of its guidelines concerning the manufacture of tobacco, anti-humanitarian weapons and military supplies to Burma.
Guidelines set out by the Council on Ethics for the NOK2.55trn (€304bn) pension fund aim to avoid investments in particular areas, such as weapons, which "violate fundamental humanitarian principles" such as anti-personnel landmines and cluster munitions; the sale of weapons and military equipment to Burma and tobacco leaf companies and any firm that produces products made of tobacco".
It is now seeking a screening service to perform two roles:
The successful applicant will be required to monitor websites and gather corporate information, in addition to data from other sources, that will then feed into a quarterly report to the Council on Ethics.
This is the third search for a screening service on behalf of the ethical council, following the appointment of SourceAsia and CSR China in September to carry out internet-based ethical screening of the 2,300 Asian companies in the pension fund's portfolio and the decision in July to appoint Livingstone & Company to provide internet surveillance on around 8,000 companies. (See earlier IPE articles: Norway appoints SourceAsia for ethical screening and Norway global fund appoints UK ethical research firm)
The closing date for tender submissions is 7 January 2010 and further information can be obtained from the Doffin website.
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