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.
US climate disclosure tussle develops over SEC filings role
A tussle is developing over whether mandatory climate disclosures in the US should feature in the closely scrutinised annual regulatory filings or as a separate document, with some major firms opposing inclusion in annual filings but some significant investors backing such a move.
NBIM tells US SEC: give us better disclosure on sustainability, not just climate
The world's biggest sovereign wealth fund has responded to a consultation by the US Securities and Exchange Commission (SEC) on climate reporting, by demanding better disclosure of all material sustainability issues.