Archive

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"...

Norwegian oil fund exits four traditional Chinese medicine firms

The giant Norwegian oil fund has excluded four traditional Chinese medicine firms from investment due to the "unacceptable risk" that they cause "serious" environmental damage through their use of body parts of threatened species.

EU social taxonomy: 'Time for investors to treat social & environmental factors equally'

Investors and non-profits have cautiously welcomed proposals for a European taxonomy of social economic activities but warned the bloc may struggle to identify criteria to judge the activities.

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 makes biodiversity a stewardship priority

Norges Bank Investment Management (NBIM) has warned companies it invests in to integrate biodiversity into their strategies...

Climate risk-based divestments boosted equity returns, says NBIM

The manager of the giant Norwegian sovereign wealth fund said its equity fund performance has benefitted from a cumulative 0.27% outperformance since 2012 due to divestments based on financial climate risk assessments

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