OSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund will ask many of the companies in its portfolio to take more specific action on climate change, the fund’s head of governance and compliance told the Reuters Next conference on Wednesday.
“We have for a long time focused on better company disclosure… Now we are focusing more on actions. So now you need to go from numbers to action, concrete steps that companies are taking to meet the expectations,” Carine Smith Ihenacho said.
(Reporting by Gwladys Fouche, writing by Terje Solsvik and Nerijus Adomaitis)
