Norway’s USD 1.4trn fund sees more net zero targets set as risks mount
Norway’s USD 1.4trn sovereign wealth fund said more companies are honing emissions targets in response to tighter reporting rules and growing awareness as the climate risk outlook worsens.
By Kari Lundgren / Bloomberg
Some 64% of emissions released by the 9,000 companies in the fund’s portfolio are covered by net zero 2050 targets as of the end of the first half of 2023, Wilhelm Mohn, global head of corporate governance at Norges Bank Investment Management, said at a seminar on climate risk held in Oslo Tuesday. This compares to 58% last year and more than double the percentage in 2020, he said.
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