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Norwegian sovereign wealth fund plans to expand ESG investing approach (2024)
| Environmental, social, and corporate governance |
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| • What is ESG? • Enacted ESG legislation • Arguments for and against ESG • Opposition to ESG • Federal ESG rules • ESG legislation tracker • Economy and Society: Ballotpedia's weekly ESG newsletter |
The executives of the largest sovereign wealth fund in the world, Norwegian Government Pension Fund Global, argued that ESG pushback is creating an opportunity to expand the fund’s ESG investment approach, according to CNBC:
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Norway’s $1.6 trillion sovereign wealth fund says it will continue to advocate for investments based on environmental, social and governance (ESG) factors, brushing off the impact of a green political backlash. … Nicolai Tangen, CEO of Norges Bank Investment Management (NBIM), told CNBC that the country’s wealth fund continued to advocate for the ESG agenda. “We think it is part of long-term investing. You really need to care [about] the impact that companies have on the environment otherwise you’re not going to make good long-term investing. So that’s important,” Tangen told CNBC’s “Squawk Box Europe” on April 23. “And we think the fact that some other people are pulling away gives us a better opportunity to kind of phase in. So, really interesting times.”[1] |
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See also
- Environmental, social, and corporate governance (ESG)
- Economy and Society: Ballotpedia's ESG newsletter
External links
Footnotes
- ↑ Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.
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