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Norway fund launches campaign to pressure 1100 companies on water risks

The €276bn Norwegian Government Pension Fund is to begin pressuring more than a thousand companies in sectors with high water-related risks to report on their responses to the issue so that it can assess potential future downside to its investments, Responsible Investor reports. Norges Bank Investment Management (NBIM), which runs the Norwegian fund’s assets, said it had holdings in about 1100 companies with a combined market value of €33bn where it believes good water risk management could be critical to future performance… read more

The €276bn Norwegian Government Pension Fund is to begin pressuring more than a thousand companies in sectors with high water-related risks to report on their responses to the issue so that it can assess potential future downside to its investments, Responsible Investor reports. Norges Bank Investment Management (NBIM), which runs the Norwegian fund’s assets, said it had holdings in about 1100 companies with a combined market value of €33bn where it believes good water risk management could be critical to future performance… read more