Archive

NBIM calls for more detail in CSRC ESG disclosures

News round-up: GRI, SASB standards 'complementary', BoA boosts ESG financing target, Impax reaches assets milestone ... and more

NBIM plans greater engagement and collaboration on sustainability

News Round-up: RBC, Barclays, NBIM, ISS, Greencoat and more

'Double materiality' splits market in IFRS sustainability standards consultation

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.

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

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.