Pension investors press companies over Myanmar human rights risks
Swedish pension fund AP7, the Dutch architects’ pension fund, Velliv and other European pension funds have signed a joint declaration urging companies with business in Myanmar to take action, given the risk of human rights violations under the military dictatorship.
Led by Norwegian asset manager Storebrand and three other organisations, the declaration called on firms to map their activities in Myanmar in this regard, and use their leverage in support of human rights – among other things.
Kamil Zabielski, head of sustainable investment at Storebrand Asset Management, said: “In the last months Storebrand has been conducting due diligence on companies with operations in Myanmar to try to establish which have links to the military junta and potential human rights violations.
“Now, through a global mobilisation of investors and capital, we are calling on all companies with links to Myanmar to take immediate action to identify and mitigate any risk of contributing to human rights harms,” he said.
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