Some of the world’s largest sovereign wealth funds (SWFs) are expected to launch a plan to integrate climate change into their investments at a summit hosted by Norwegian President Emmanuel Macron and French Prime Minister Erna Solberg on 6 July. The SWFs for Abu Dhabi, Kuwait, New Zealand, Norway, Saudi Arabia and Qatar jointly manage $3tn. The framework is expected to recommend that SWFs should boost portfolio resilience by incorporating climate-change risks and opportunities into their strategies, report on their efforts to combat climate change, and encourage firms in which they invest to take action on environmental issues.
Some of the world’s largest sovereign wealth funds (SWFs) are expected to launch a plan to integrate climate change into their investments at a summit hosted by French President Emmanuel Macron and Norwegian Prime Minister Erna Solberg on 6 July. The SWFs for Abu Dhabi, Kuwait, New Zealand, Norway, Saudi Arabia and Qatar jointly manage $3tn. The framework is expected to recommend that SWFs should boost portfolio resilience by incorporating climate-change risks and opportunities into their strategies, report on their efforts to combat climate change, and encourage firms in which they invest to take action on environmental issues.