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Bloomberg: Norway’s $1.1 Trillion Wealth Fund to Deepen Climate Risk Work
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Bloomberg: Norway’s $1.1 Trillion Wealth Fund to Deepen Climate Risk Work
Business
Date posted: 03.12.2019
Category: Accounting / Financial
Norway’s $1.1 trillion sovereign wealth fund plans to expand its work on assessing climate risk, from pushing for better company reporting to expanding flood analysis for its real estate assets.
The Norwegian fund, the biggest of its kind, already has a variety of instruments to measure how climate change may affect demand, spur regulation or physically damage assets. It has cut a large part of its exposure to coal production and also follows ethical guidelines for its investments that incorporate climate and environmental standards.
Read entire article HERE.
Source: Bloomberg