EXCLUSIVE: Norway’s $960 billion fund wants banks to disclose carbon footprint of loans | Reuters
By Gwladys Fouche | OSLO OSLO Norway's $960 billion sovereign wealth fund will ask the banks in which it has invested to disclose how their lending contributes to greenhouse gas emissions, its chief executive told Reuters on Friday.The world's largest wealth fund, which is managed by Norges Bank Investment Management and invests in stocks, bonds and real estate outside Norway, has in the past measured the carbon footprint of its investments in equities and bonds. "The third level is to look at the banks," Chief Executive Officer Yngve Slyngstad said. "What kind of loans do they have and how are their loan books specifically exposed to this issue?
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| Reuters appeared first on Firstpost.
