Norway’s NBIM drops first batch of coal investments

coal-power-plant-china
NBIM is excluding firms that rely heavily on coal for their business

Norges Bank Investment Management (NBIM) has dropped a group of companies from its portfolio because of their reliance on coal, the Norwegian sovereign wealth fund said on April 14.

A total of 52 firms were excluded after thermal coal was deemed to represent a “significant part” of their business, including both mining and energy-producing companies, with offenders cropping up all over the world. Companies using metallurgical coal – for instance, in the production of steel – were not excluded.

NBI

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: