Finance

Outgoing Head of $1.2 Trillion Fund Reveals ESG Lightbulb Moment

Yngve Slyngstad
Photographer: Odin Jaeger/Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Mikael Holter

August 28, 2020 at 1:03 PM UTC

This article is for subscribers only.

On his last day as chief executive of Norway’s $1.2 trillion sovereign wealth fund, Yngve Slyngstad revealed to his audience the moment he grasped just how crucial responsible ownership will be to the future of global finance.

The 57-year-old zeroed in on the Deepwater Horizon disaster in the Gulf of Mexico back in April 2010, which marked the worst environmental catastrophe in U.S. history.