Norges Bank Investment Management Establishes New Climate Advisory Board

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by KnowESG

The 2025 Climate Action Plan says that the company will set up a Climate Advisory Board to help it put this plan into action and give advice on how to improve the fund's way of handling financial risks and opportunities related to climate change.

The company has appointed Professor Jody Freeman, Jennifer Morris, Huw van Steenis, and Bjørn Otto Sverdrup as external members of the board.

Jody is Professor of Law at Harvard Law School and an independent director on the board of directors of ConocoPhillips. Jennifer is the Chief Executive at The Nature Conservancy. Huw is Vice Chair at Oliver Wyman and was previously Chair of the Sustainable Finance Committee at UBS. Bjørn Otto is the Chair of the Executive Committee for the Oil and Gas Climate Initiative.

"We are very pleased to have these outstanding experts on our new advisory board. They will provide a wide breath of relevant climate expertise spanning academia, civil society, sustainable finance, and business. We are confident they will help us maintain leadership in managing climate-related risks as an owner of companies through the climate transition”, says Chief Governance and Compliance Officer Carine Smith Ihenacho.

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Source: Norges Bank


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