Norway's $1.4 trillion sovereign wealth fund, the world's largest, said on Monday it would support a shareholder initiative to make Delta Air (DAL.N) report on its climate lobbying efforts.
A Delta Air Lines Airbus A350-900 plane takes off from Sydney Airport in Sydney, Australia, October 28, 2020. REUTERS/Loren Elliott/File Photo
Norway's $1.4 trillion sovereign wealth fund, the world's largest, said on Monday it would support a shareholder initiative to make Delta AirThe fund will support the motion at the airline's June 17 annual general meeting, despite the management's recommendation to reject it. "The board should account for material sustainability risks facing the company, and the broader environmental and social consequences of its operations and products," the fund said on its website.
The Norwegian sovereign wealth fund had a 0.3% stake in Delta Air worth $77.9 million at the end of 2020, according to fund data.Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.
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