CEO Nicolai Tangen acknowledged that Norges Bank Investment Management ‘lost a considerable sum’ from the Silicon Valley Bank failure.
The $1.3 trillion pension giant is currently prohibited from investing in the asset class, but that may change.
The $1.4 trillion Government Pension Fund Global is investing $650 million in solar plants and wind farms in Spain.
Group will advise Norway’s $1.3 trillion sovereign wealth fund on climate-related financial risks.
In video, staffers illustrate investment terms in festive interpretative dance.
With more than two-thirds of its portfolio in equities, falling markets have pummeled the world’s second largest pension fund.
The $1.2 trillion fund aims to create a system to measure its climate risk exposure by 2025.
Norway’s central bank also makes adjustments to the Government Pension Fund Global’s investment exclusion list.
