New report reveals surprising strategy from major investment fund: ‘Remain committed’
Norway’s sovereign wealth fund is keeping its sights on environmental, social, and governance investments, according to Bloomberg.
A recent report from Jefferies Financial Group said that Norges Bank Investment Management, which manages $1.9 trillion in assets, “remains committed.”
While the term ESG has been vilified politically, it remains a key factor in financial portfolios. It’s easy to misconstrue ESG as investments in sectors like renewable energy. As far as the environment is concerned, ESG simply means investors are taking into account climate risks. ESG investing isn’t designed to save the planet; it is still about generating a return to shareholders.
It’s important to remember that Norway’s sizable fund has…
