Pension fund and NGO praise the Oil Fund's climate plan for short-term goal

This week, the oil fund released a new climate action plan for its 2025 goals and set a net-zero target for all portfolio companies by 2050.

Heidi Finskas, vice president of corporate responsibility at KLP

The world is facing an environmental crisis and threat to the very viability of life on earth – and these concerns will also negatively affect the global economy. With holdings in more than 9,000 companies in 70 countries, the oil fund has a clear economic motivation to help attain the goals laid out in the Paris Agreement.

”We have a goal to be the world’s leading investor when it comes to handling the climate. Our long-term returns will be completely dependent on how companies in the portfolio transition to a net-zero society,” Oil Fund CEO Nicolai Tangen said in a press release earlier this week.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Titanbay fuels growth with new partnerships as competition heats up

The platform for private market funds has got fresh capital and new partners onboard, as the competition between companies trying to bridge the gap between private market funds and investors with limited access intensifies. The CEO of Titanbay tells AMWatch how the new partnerships will help the business to prosper.

Further reading

Related articles

Latest news

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch