
The Promise of Sustainable Investing - The case of the Norwegian Oil fund
The Norwegian Oil Fund is now worth a trillion dollars and a multiple of the Norwegian economy. It is also financing an ever-increasing proportion of public spending in Norway. Its importance could not be overstated, so the attention devoted to it during and after the 2017 elections, particularly in the context of governance reform and potential changes to investment strategy, is critical. It is paramount to make sure that the sustainability dimension is factored into these discussions, given how strongly interlinked a good policy on environmental, social and governance (ESG) parameters is to generating long-term financial returns and limiting risk.