News round-up: NBIM and SEC
NBIM calls for more detail in CSRC ESG disclosures
News Round-up: RBC, Barclays, NBIM, ISS, Greencoat and more
NBIM opposes PRI 'change of direction' on outcomes reporting
Norges Bank Investment Management (NBIM) has reaffirmed its opposition to proposals by the Principles for Responsible Investment (PRI) to ask signatories to report on "real-world outcomes" of their investments and the Sustainable Development Goals (SDGs).
News Round Up: Sustainable fund assets surge, renewables 'unattractive', KKR India push
Sustainable fund assets surge a fifth in the third quarter
NBIM says investment exclusions could cost it NOK3bn a year
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
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.