IPE's Norway Coverage – Page 7
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NewsVarma becomes third pensions firm to win SBTi validation
PensionDanmark, AkademikerPension also among the first to get official seal of approval for climate targets
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NewsStorebrand regains Askøy, predicts more municipal pensions tendering into 2024
Norwegian municipality opts to renew contract with ‘challenger in the public pensions market’
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Opinion PiecesNBIM’s Shanghai exit: more than ‘operational’ adjustment’
When Norway’s sovereign wealth fund announced in September it was shutting down its only office in China, the move was bound to be seen as symbolic of the deteriorating relationship between China and the US and its allies. It also came at a low-point for investment in China, with foreigners having sold off a record CNY90bn (€11.5bn) of Chinese stocks in August, amid fears over China’s tensions with the West, its property crisis and weak post-COVID economic recovery.
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NewsNBIM weighs best use of new TNFD framework in ownership, portfolio work
UK call for government to make TNFD compulsory; UKSIF says ISSB should introduce disclosure standards for biodiversity, drawing on taskforce’s framework
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NewsNorway’s SWF steps up climate demands from companies
NBIM says firms need to move on from disclosures and target-setting to execution phase
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NewsNBIM finds venture, growth PE funds have returned less than listed shares
As Norwegian government weighs allowing SWF to add unlisted equity to portfolio mix, fund’s manager publishes analysis of private equity
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NewsNorway’s SWF axes Shanghai office
NBIM says decision to close only Chinese branch doesn’t affect its investment strategy or China assets
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Special ReportNorway: Public-sector pensions consultation set for autumn
Occupational pensions could form part of a new review following last year’s Pension Commission report
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NewsKLP turns in 4.2% first-half return despite real estate write downs
Norwegian municipal pension provider thanks strong equity markets for positive six-month investment gain
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NewsNBIM posits spending rule change to avert risk of SWF depletion
Norway’s oil fund manager outlines a potential new model for the rule guiding how much the of the fund the government may use
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NewsNorway’s GPFG gains 10% in first half, but misses benchmark
Wide losses for sovereign wealth fund’s unlisted real estate and infrastructure
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NewsNorway’s SWF criticises Japan’s new M&A guidelines
NBIM says “unclear” rules around corporate valuations could let boards reject takeover bids without challenge
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NewsNBIM asks for change to European green reporting standards on materiality
As European Commission’s consultation on draft European Sustainability Reporting Standards closes, Norway’s SWF manager says companies should be made to say why topics are not material
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NewsNorway’s SWF bans PowerChina on threat to orangutans
NBIM follows advice of GPFG’s Council of Ethics, banning PowerChina and putting UK-listed Petrofac under observation
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Opinion PiecesNotes from the Nordics: NBIM still learning on equal pay after winning employment case
Norway’s sovereign wealth fund has hailed the benefits of litigation abroad to drive its corporate governance agenda. Closer to home, victory in an Oslo employment case may have rung decidedly hollow for Norges Bank Investment Management (NBIM).
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NewsNBIM warns FCA reforms could harm UK’s corporate governance reputation
Norwegian SWF manager says UK watchdog’s proposals could result in weaker investor protection
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NewsNBIM wins bitter employment case, despite judge’s criticism
Former trading analytics chief Elisabeth Bull Daae given fortnight to pay Norwegian SWF’s NOK1.9m (€165,000) costs
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NewsNorway’s FSA says pensions capital planning must factor in big downside risk
Sharp fall in commercial property prices will result ‘in substantial losses and a pronounced weakening of Norwegian life insurers’ buffer capital’, says watchdog
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NewsNorway SWF starts psychology research to boost performance capability
NBIM starts research collaboration with Stockholm School of Economics (SSE) to probe importance of psychological safety and resilience in investment
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NewsNordic roundup: AMF invests pre-IPO, AP7’s blacklist, LD Fonde 3.1% return
AP7 adds seven coal stocks to blacklist; LD Fonde says growing market jitters could hit returns
