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Norwegian oil fund continues ESG engagement ahead of renewables push
18 August 2020The 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.
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Deutsche Bank's tightened fossil fuel policy judged 'unambitious'
28 July 2020Deutsche 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.
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Norges Bank and Unicef launch clothing supply chain child rights guidance
10 June 2020Norges 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.
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Norges Bank calls for 'financially material' ESG disclosure by companies
08 June 2020Norges 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.
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JP Morgan Chase given bloody nose by climate resolution
20 May 2020JP 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.
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Norwegian oil fund exits stakes in 12 firms on ESG concerns
13 May 2020The 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.
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M&G and EOS support Barclays fossil fuel funding resolution
01 May 2020M&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.
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Norges Bank Investment Management appoints new CEO
30 March 2020Norges Bank has appointed Nicolai Tangen as the new CEO of Norges Bank Investment Management (NBIM).
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Oil Fund aims for 1% of investments in renewables by 2022
12 November 2019The managers of the $1.1 trillion Norwegian sovereign wealth fund have set a target to invest about 1% of the fund’s value in renewables by 2022.
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People Moves: NBIM; BNP Paribas; Insurance Council of Australia; Solarcentury; Truvalue Labs; Triodos
01 November 2019Yngve Slyngstad, CEO of Norges Bank Investment Management (NBIM), has announced his resignation as leader, although he will continue to work for the sovereign wealth fund it manages.