Norway's Wealth Fund Fails Climate Ambitions According to NGO Report
A report by an environmental NGO claims that Norway’s $2.2 trillion sovereign wealth fund, Norges Bank Investment Management (NBIM), is not meeting its climate change goals despite setting a target for portfolio companies to reach net-zero emissions by 2050. The analysis found the fund only opposed board re-elections at three oil and gas firms in 2025.
Topics: climate policy corporate engagement sovereign wealth fund