Oslo | Norway’s $US1.2 trillion ($1.8 trillion) sovereign wealth fund will require the companies it invests in to reach net zero emissions by 2050 at the latest, joining many global investors in setting such goals to prevent the financial risks from a “delayed transition”.
Just 10 per cent of companies in the wealth fund’s portfolio have a net zero target for 2050, even as many have taken strides toward emission targets, Norges Bank Investment Management chief executive Nicolai Tangen and chief governance and compliance officer Carine Smith Ihenacho wrote in an op-ed in Dagens Naeringsliv.
