Oil fund broadens ESG screening

The world's biggest sovereign wealth fund extends screening process to include smaller companies.

Photo: Tony Colli/PR

Norway's oil fund will now screen all 500 to 600 companies usually added to its reference index going forward. The decision means the world’s largest sovereign wealth fund extends its ESG screening process to include smaller companies as well, Financial Times writes.

Previously, the fund only screened the biggest companies for ESG risks before adding them to the portfolio; smaller companies were added to the portfolio automatically.

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