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Norway wealth fund to vote against Nike shareholder proposal on supply chains
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Norway wealth fund to vote against Nike shareholder proposal on supply chains
Sep 6, 2024 12:48 PM

COPENHAGEN/LONDON, Sept 5 (Reuters) - Norway's $1.7

trillion sovereign wealth fund, the world's largest, said on

Thursday it will vote against a shareholder proposal asking Nike ( NKE )

to assess how effective its supply chain policies are at

ensuring workers' rights.

The fund owns 0.92% of Nike's ( NKE ) shares, a stake worth around

$1.05 billion as of June 30, according to fund data. The fund is

Nike's ( NKE ) ninth-biggest shareholder, according to LSEG data.

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