Norges Bank expects more companies to set supplier-emissions targets
Norway's sovereign wealth fund wants every company in its vast portfolio to reach net-zero emissions by 2050, but those in Asia say a lot of heavy lifting will be required as the region lags others in the green transition.
Norges Bank Investment Management (NBIM), one of the world's largest sovereign wealth funds currently managing over $1.2 trillion in assets, holds a stake in more than 9,000 companies in 70 countries and expects all of them to achieve net-zero greenhouse gas (GHG) emissions by 2050.
“We are focussing our work on the biggest emitters and have seen encouraging progress with these companies in terms of setting net-zero targets and defining realistic pathways to get there,” Wilhel…
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