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Norway's oil fund divests from Korea's Posco and Daewoo
18 August 2015Norway's sovereign wealth fund – the largest in the world – is to exclude leading Korean companies Posco and Daewoo International from its investment portfolio because of their involvement in palm oil plantations in Indonesia.
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Norges Bank creates 'new benchmark' with climate change guidelines
27 March 2015A report by Norges Bank Investment Management (NBIM) urging companies to take steps to deal with climate change will serve as a new benchmark for responsible investment, according to an expert at Nasdaq.
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World's biggest sovereign wealth fund discloses divestments
12 February 2015The world's largest sovereign wealth fund, Norway's Government Pension Fund Global, has revealed more details about its divestments as part of a move to "think long-term and protect value for future generations".
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Norway's $800bn 'oil fund' halves coal production holdings
29 January 2014Norway's $800 billion sovereign wealth fund has divested half of its holdings in coal miners over the past two years, its manager has said.
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$800bn 'oil fund' manager sets up climate change and water reporting framework
03 January 2014The manager of Norway's NOK5 trillion ($800 billion) 'oil fund' has created frameworks to analyse and compare the quality of corporate reporting on climate change and water risks.
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IIRC launches integrated reporting framework
10 December 2013A framework to help companies expand their reports beyond financial metrics and include measures of sustainability has been launched, marking "an important milestone" in the evolution of 'integrated reporting'.
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Norway's $800bn 'oil fund' faces calls to change structure and divest from coal
12 November 2013Norway's $800 billion 'oil fund' could face a major shake-up of the way it implements its responsible investment strategy after a report recommended that politicians leave decisions on divestments to the country's central bank.