Norway’s oil fund “stepped up" climate efforts in 2023

The CEO of the Norway’s sovereign wealth fund names climate change and AI as factors that impacted people all over the world in 2023.

NBIM's chief governance and compliance officer, Carine Smith Ihenacho, and CEO Nicolai Tangen. | Photo: Hans Fredrik Asbjørnsen / NBIM / PR

by KIM WIESENER

The world’s largest institutional investor, Norway’s oil fund, stepped up its climate efforts last year and increased its risk-based divestments, the fund writes in a press release accompanying its 10^th report on responsible investment.

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Norway’s oil fund “stepped up" climate efforts in 2023

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Front page now

Comment: Investors don’t need to invent policies on Gaza

The list of money managers axing oil stocks just got longer

US manager sees Nordic clients return to EM equities due to "excessive concentration"

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Invesco seeing increased demand for Fixed income ETFs from Nordic investors

Ignore the ‘AI revolution’ at your own peril, global investors warn

Further reading

Nordic institutional investors still see potential in beleaguered Swedish battery producer

World's best EMD team still waiting for clients to return to Danske AM

US manager sees Nordic clients return to EM equities due to "excessive concentration"

Storeband increases stake in Danish infrastructure manager to become majority owner

The list of money managers axing oil stocks just got longer

Eight Nordic managers move up in global top 500 ranking