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The Norwegian sovereign fund, the largest sovereign fund on the planet, is raising its environmental objectives. It announces its new climate action plan, with the full greening of its investments by 2050.
With the announcement of this new plan, the fund responds to a decision of the Norwegian Parliament which had set a few months ago the objective of carbon neutrality by 2050. The Norwegian sovereign fund, the largest sovereign fund of the planet, is present in more than 9,000 companies in 70 countries. It requires its 9,000 companies in which it has invested to achieve net zero CO2 emissions.
Governed by ethical rules, the Norwegian sovereign wealth fund cannot invest in companies responsible for environmental damage or in coal. Beyond this requirement, the fund ensures that it will get involved with companies to enable them to achieve carbon neutrality and will help them implement plans to reduce their direct and indirect greenhouse gas emissions. tight.
The Norwegian sovereign wealth fund currently weighs nearly 1,200 billion euros. It holds the equivalent of 1.3% of the world market capitalization, but also bond investments, investments in real estate without forgetting unlisted renewable energy projects.
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