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The diverse holdings of the world's largest sovereign wealth funding make corporate engagements key in addressing climate risks and the clean economy transition.
Norway's sovereign wealth fund wants every company in its vast portfolio reach net-zero emissions by 2050, but those in Asia say a lot of heavy lifting will be required as the region lags others in the green transition.
The fund will prioritise its dialogue on the 174 companies that are the biggest emitters of greenhouse gases. Read more at straitstimes.com.
Norway’s SWF manager calls for more EU harmonisation of shareholder voting and due diligence
The manager of Norway’s giant sovereign wealth fund has given its backing to the IFRS’ idea of creating a Sustainability Standards Board (SSB) alongside the International Accounting Standards Board (IASB) it oversees – but only for financially-material information. Broader sustainability reporting could better be handled by other institutions, Norges Bank Investment Management (NBIM) said in a response to the IFRS Foundation’s consultation on a global approach to sustainability reporting and the organisation’s possible role in those developments. NBIM wrote: “Over time, we belie...