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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Ethical/Green Investments

Norway Fund Sets Tougher Water-Use Requirements on Companies

Posted on 23 October 2015

Norway’s sovereign-wealth fund, the world’s largest by assets, has decided to impose tougher requirements on how businesses it invests in manage water resources. The fund, which is run by Norges Bank Investment Management, an arm of Norway’s central bank, will ask companies to come up with clear strategies and risk-management plans for water resources.
Until now, the fund only required companies to report on their water use. “We want our expectations to be very clear,” William Ambrose, a senior manager at NBIM told The Wall Street Journal………………………………………..Full Article: Source


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