With more than two-thirds of its portfolio in equities, falling markets have pummeled the world’s second largest pension fund.
The $1.2 trillion fund aims to create a system to measure its climate risk exposure by 2025.
The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.
Norway reclaims the top spot from Iceland, while Switzerland remains in second.
Despite losing 14.4%, the “oil fund” beat its benchmark by 114 basis points thanks to ... oil.
KLP says the companies pose an ‘unacceptable risk’ over alleged human rights violations.
