
Norway’s SWF: Stop Talking, Take Action on Climate Transition
The $1.4T Norges Bank Investment Management has increased its climate expectations for more than 9,000 companies in its portfolio.
The $1.4T Norges Bank Investment Management has increased its climate expectations for more than 9,000 companies in its portfolio.
The bank’s second climate stress test showed ‘there is a clear need for speed’ to meet the goals of the Paris agreement.
The $1.2 trillion fund aims to create a system to measure its climate risk exposure by 2025.
The Environmental Defenders Office says HESTA’s investments in oil and gas companies could be in breach of the law.
The $315 billion pension fund has voted on more than 1,000 shareholder proposals during the 2022 proxy season, many of them climate-related.
The group says the global food system accounts for one-third of the world’s emissions, and it wants institutional investors’ help to engage the highest polluters.
Questions remain about how to measure risks and what a proper framework looks like, but more colleges and universities are taking the plunge.
Special envoy John Kerry said ‘we wasted four years’ under the Trump administration.