Oil fund should sell more companies with poor ESG performance, says Tangen
Norges Bank Investment Management's should divest more companies with poor performance on ESG issues to try to boost its returns, according to the new chief executive Nicolai Tangen. A new Stockholm-based think tank has found at least one "low-hanging ESG-driven divestment fruit" in the USD 1trn fund's portfolio.
Norges Bank Investment Management's USD 1trn fund should sell more from companies with poor performance on environmental, social and governance issues to try to boost its returns, according to its new chief executive Nicolai Tangen, reports the Financial Times.
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!["I am pleased to get Karsten [Kallevig, -ed] into a more strategic role. Throughout the last ten years, he has built op a high-quality real estate organization and adds his valuable investment experience for the future benefit of the fund, writes Nicolai Tangen, chief executive of the Norwegian sovereign wealth fund, in the media release. | Photo: Tony Colli/PR](https://photos.watchmedier.dk/watchmedier/resize:fill:3840:0:0/plain/https://photos.watchmedier.dk/Images/article12428215.ece/ALTERNATES/schema-4_3/doc7cfbk3yl31sd1i7il99.jpg)
