ESG & Investing
Norway $1.8 Trillion Fund Hones ESG Focus, Cut 49 Companies
- Wealth fund reversed 16 risk-based divestments in the year
- Fund holds stakes in almost 9,000 companies globally
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Norway’s $1.8 trillion sovereign wealth fund divested from 49 companies last year based on sustainability assessments, down from 86 a year earlier, retaining its focus on ESG in the face of a widespread backlash against environmental, social and governance reporting.
As of the end of 2025, 74% of financed emissions from companies in the fund’s portfolio were covered by 2050 net zero emissions goals, Norges Bank Investment Management - as it is officially known - said in its annual sustainability report Thursday. Of the divestments, five were associated with climate risk, 15 due to insufficient risk management related to human rights and eight were related to anti-corruption efforts.