Archive

  • NBIM says investment exclusions could cost it NOK3bn a year

    20 October 2020

    The manager of the giant Norwegian sovereign wealth fund said its portfolio underperformed by 1.3 percentage points due to exclusions of companies based on environmental, social and governance (ESG) concerns since 2006, which could cost it NOK2.8 billion ($300 million) in 'lost' returns if replicated in the future.

  • Norwegian oil fund continues ESG engagement ahead of renewables push

    18 August 2020

    The manager of the giant Norwegian sovereign wealth fund reported it was continuing to engage heavily with firms on environmental, social and governance (ESG) issues, but was yet to get off-the-mark in its renewable energy investments.

  • Deutsche Bank's tightened fossil fuel policy judged 'unambitious'

    28 July 2020

    Deutsche Bank has tightened its fossil fuel policy to include exiting from coal mining investments by 2025, strengthening its stance towards coal power and restricting oil and gas sector financing - but campaigners continued to criticise the lender for its lack of ambition.

  • Norges Bank and Unicef launch clothing supply chain child rights guidance

    10 June 2020

    Norges Bank Investment Management (NBIM) and children's charity Unicef have launched guidance for apparel and footwear firms on how to better integrate child rights in their global supply chains.

  • Norges Bank calls for 'financially material' ESG disclosure by companies

    08 June 2020

    Norges Bank Investment Management (NBIM) has called for the EU's Non-Financial Reporting Directive (NFRD) to require companies to disclose environmental, social and governance (ESG) data that is 'financially material' to their operations.

  • JP Morgan Chase given bloody nose by climate resolution

    20 May 2020

    JP Morgan Chase experienced a significant revolt from investors against its climate change position after nearly half voted in support of a shareholder resolution urging the US bank to align its financing to the Paris Agreement.

  • Norwegian oil fund exits stakes in 12 firms on ESG concerns

    13 May 2020

    The giant Norwegian oil fund has excluded a dozen companies from investment due to environmental, social, and governance (ESG) concerns, including mining giants such as Anglo American, Glencore and Vale in which it was a major shareholder.

  • M&G and EOS support Barclays fossil fuel funding resolution

    01 May 2020

    M&G Investments and EOS have confirmed they will support a shareholder resolution calling on Barclays to phase out its funding for fossil fuel firms, but Norway's sovereign wealth fund will not be supporting it.

  • Norges Bank Investment Management appoints new CEO

    30 March 2020

    Norges Bank has appointed Nicolai Tangen as the new CEO of Norges Bank Investment Management (NBIM).

  • Planet Tracker: Investors exposed to unsustainable shrimp farming

    09 January 2020

    Investment managers including BlackRock and State Street are exposed to shrimp farming companies facing major sustainability concerns, a report has claimed.