-
NBIM divests from 29 companies over labour conditions
03 March 2022The manager of the giant Norwegian sovereign wealth fund touted the positive return it has gained from 'risk-based' divestments, as it detailed a raft of company exclusions on human rights, biodiversity and coal in 2021.
-
GPFG will not set a net-zero goal
21 December 2021Norway's sovereign wealth fund will not commit to a specific net-zero emissions target for its whole portfolio, only aiming to decarbonise in the "long-term", as its manager prioritises achieving returns.
-
NBIM refuses to name companies screened for sustainability risks
16 December 2021The 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"...
-
NBIM says it does not support routine 'say on climate'
31 August 2021The manager of the world's largest sovereign wealth fund says it does not "in general" support a shareholder vote on companies' climate plans on a regular basis.
-
Zero emissions proposal for GPFG is 'very significant'
23 August 2021An expert group's recommendation for Norway's sovereign wealth fund to target zero emissions by 2050 for its portfolio is potentially of great significance, an OECD economist has said.
-
NBIM: Norwegian oil fund 'should not move to climate index'
05 July 2021The Norwegian Government Pension Fund Global (GPFG) should not replace its stock index with a climate benchmark, its manager has recommended.
-
Norwegian pension fund could lose up to $190bn from low carbon transition
02 July 2021 -
Major European banks provided large-scale financial support to coal industry
15 July 2020European banks including Barclays, BNP Paribas and Societe Generale loaned billions of euros to coal companies across the EU in 2019, according to a report.
-
Norwegian oil fund revokes its exclusion of Drax
06 February 2020Norway's Government Pension Global, known as Norway's oil fund, is to reverse its decision to divest from British power generation company Drax.
-
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.