Norwegian oil fund opposes outcome-based UN SDG reporting

The managing bank behind one of the world's largest investors, Norway's sovereign wealth fund, argues against outcome-based reporting related to the UN Sustainable Development Goals.

Photo: PR: UN

The management of Norway's sovereign wealth fund – one of the world's largest investors – has reservations against obliging investors to file outcome-based reporting related to the UN Sustainable Development Goals, abbreviated SDGs.

This week, the Norwegian central bank's investment arm, NBIM, sent a letter to the PRI Association that works to promote responsible investment. In the letter, NBIM recommended that the PRI does not include outcome-based reporting related to SDGs in its reporting framework.

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