Norway's $400bn sovereign wealth fund, the world's second- largest, has overhauled its investment strategy to increase its exposure to environmentally responsible companies in an effort to combat climate change.
The Norwegian Government Pension Fund had directed about 1 per cent of its funds, or $4bn, into “green shares” targeting investments in the developing world, the Norwegian government said yesterday.
The change in investment strategy had been agreed this year, officials said.
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