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NORWAY TO ASK BANKS TO DISCLOSE LENDING CONTRIBUTIONS TO GHG EMISSIONS

06/05/2017

Norway's sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions. The fund has in the past measured the carbon footprint of its investments in equities and bonds, and now is pushing companies to disclose both their carbon emissions and their plans to handle the risk of climate change. The fund does not plan to change how it decides to invest in the U.S., which accounted for nearly 40% of its investments in 2016. For the full story see http://uk.reuters.com/article/us-norway-swf-ceo-idUKKBN18T26V