Sharpened Expectations on Climate
Summary In September 2023, Norges Bank Investment Management published a revised set of expectations on climate change to further support companies in managing the evolving climate related risks and opportunities. We present six core expectations, which apply to all companies, and provide further direction on good practices we encourage companies to adopt. This blog post […]
Carine Smith Ihenacho is Chief Governance and Compliance Officer, Tim Smith is Lead Investment Stewardship Manager, and Kristin Verpe is Investment Stewardship Analyst at Norges Bank Investment Management (NBIM). This post is based on their NBIM memorandum.
Summary
In September 2023, Norges Bank Investment Management published a revised set of expectations on climate change to further support companies in managing the evolving climate related risks and opportunities. We present six core expectations, which apply to all companies, and provide further direction on good practices we encourage companies to adopt.[1] This blog post provides an overview of our updated expectations on climate change, and how the expectations inform our voting decisions as we enter the 2024 AGM season.
