2 days ago
World's Biggest Wealth Fund Defying ESG Backlash, Jefferies Says
The world's biggest sovereign wealth fund isn't backing away from its ESG commitments despite intensifying US attacks on the investing strategy, according to a report by analysts at Jefferies.
Norges Bank Investment Management, which oversees about $1.9 trillion in assets, has continued to target environmental, social and governance standards by engaging with regulators and portfolio companies, and by actively seeking out ESG data, Jefferies analysts led by Aniket Shah wrote in a June 10 report. The findings are similar to those arrived at in connection with an earlier analysis Jefferies did of Japan's Government Pension Investment Fund, the analysts said.
