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NBIM divests from 29 companies over labour conditions

The manager of the giant Norwegian sovereign wealth fund touted the positive return it has gained from 'risk-based' divestments, as it detailed a raft of company exclusions on human rights, biodiversity and coal in 2021.

GPFG will not set a net-zero goal

Norway's sovereign wealth fund will not commit to a specific net-zero emissions target for its whole portfolio, only aiming to decarbonise in the "long-term", as its manager prioritises achieving returns.

NBIM refuses to name companies screened for sustainability risks

The manager of the giant Norwegian sovereign wealth fund has refused to name the nine companies it has refrained from investing in based on their "sustainability risk"...

NBIM says it does not support routine 'say on climate'

The manager of the world's largest sovereign wealth fund says it does not "in general" support a shareholder vote on companies' climate plans on a regular basis.

Zero emissions proposal for GPFG is 'very significant'

An expert group's recommendation for Norway's sovereign wealth fund to target zero emissions by 2050 for its portfolio is potentially of great significance, an OECD economist has said.

NBIM: Norwegian oil fund 'should not move to climate index'

The Norwegian Government Pension Fund Global (GPFG) should not replace its stock index with a climate benchmark, its manager has recommended.

Norwegian pension fund could lose up to $190bn from low carbon transition

Oil Fund aims for 1% of investments in renewables by 2022

The managers of the $1.1 trillion Norwegian sovereign wealth fund have set a target to invest about 1% of the fund’s value in renewables by 2022.

Norway’s oil fund to dump $5.9bn of equities in oil stocks

Norway’s $1 trillion sovereign wealth fund is to “gradually phase out” about NOK54 billion ($5.9 billion) worth of stocks in crude oil producers, the country’s Ministry of Finance said.

Norway’s oil fund opens door to investments in unlisted renewables

Norway’s $1 trillion sovereign wealth fund is to be allowed to invest in unlisted renewables assets, following a decision by the country’s finance ministry.