Archive

  • 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).

  • Oil Fund aims for 1% of investments in renewables by 2022

    12 November 2019

    The 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.

  • People Moves: NBIM; BNP Paribas; Insurance Council of Australia; Solarcentury; Truvalue Labs; Triodos

    01 November 2019

    Yngve 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.

  • Norway’s oil fund to dump $5.9bn of equities in oil stocks

    02 October 2019

    Norway’s $1 trillion sovereign wealth fund is to “gradually phase out” about NOK54 billion ($5.9 billion) worth of stocks in crude oil producers, the country’s Ministry of Finance said.

  • Sovereign wealth funds get advice on climate risks

    29 July 2019

    Advice on how sovereign wealth funds (SWFs) can integrate climate change into their investment processes and governance has been produced by the Sustainable Finance Programme, a research group at the University of Oxford.

  • UNEP FI and investors release study on climate risk reporting

    10 May 2019

    A major study has been issued looking at the different ways that investors can measure and report climate risks.

  • Norway’s oil fund opens door to investments in unlisted renewables

    05 April 2019

    Norway’s $1 trillion sovereign wealth fund is to be allowed to invest in unlisted renewables assets, following a decision by the country’s finance ministry.

  • Retail sector less transparent on water risk than oil & gas, CDP says

    22 March 2019