Professor Jody Freeman has been named to the Climate Advisory Board of Norges Bank Investment Management, the asset manager of the Norwegian sovereign wealth fund.
In this role, she will support NBIM in implementing and further developing its recently published Climate Action Plan to ensure it is appropriately ambitious and effective. The Plan outlines specific actions the fund aims to take through 2025, including engaging and challenging its portfolio companies to adapt their business models to align with net zero emissions by 2050.
Norway’s sovereign wealth fund holds over $1 trillion in assets, has a small stake in more than 9,000 companies worldwide, and on average holds 1.3 percent of all of the world’s listed companies.
Professor Freeman said, “I am honored to be invited to play this role, excited about the opportunity, and hope to make a valuable contribution to advancing real progress on climate change.”
You can read Norges Bank Investment Management’s press release here.