• NBIM creates net zero target tracker to bolster climate engagement

    07 February 2024

    The manager of the world's largest sovereign wealth fund has said it will step up scrutiny of companies' net zero plans and push them to meet climate targets, as it revealed new ways it will track net zero targets and the impact of its own climate engagement.

  • NBIM plans $70bn sustainable private equity investment expansion

    28 November 2023

    Norges Bank Investment Management (NBIM) is proposing updating the investment strategy for the NOK15.6 trillion ($1.46 trillion) Norwegian sovereign wealth fund to include net zero-aligned unlisted equity investments.

  • NBIM to demand net zero targets of all portfolio companies

    20 September 2022

    Norges Bank Investment Management (NBIM) has warned the biggest polluters in its vast investment portfolio that it expects them to set targets to hit net zero by 2050 "as a matter of urgency", ahead of potential divestment from companies with "high and unmitigated climate risks".

  • NBIM refuses to name companies screened for sustainability risks

    16 December 2021

    The manager of the giant Norwegian sovereign wealth fund has refused to name the nine companies it has refrained from investing in based on their "sustainability risk"...

  • News Round Up: Sustainable fund assets surge, renewables 'unattractive', KKR India push

    30 October 2020

    Sustainable fund assets surge a fifth in the third quarter

  • Norwegian oil fund continues ESG engagement ahead of renewables push

    18 August 2020

    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.

  • 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).