Tag: Norway

Following a weak 2022, the Government Pension Fund Global’s market value rose to $1.443 trillion at the end of June.

The $1.4 trillion pension giant also placed U.K.-based Petrofac on observation over allegations of corruption and bribery.

Indonesia’s largest cement producer allegedly presents a risk of damage to prehistoric cultural heritage sites.

The pension giant also excluded two firms for ‘serious violations of individuals’ rights’ in Myanmar.

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.

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.

The $1.2 trillion fund excludes companies due to tobacco and recreational cannabis production, as well as environmental damage.

Norway reclaims the top spot from Iceland, while Switzerland remains in second.

Despite losing 14.4%, the “oil fund” beat its benchmark by 114 basis points thanks to ... oil.