Norway’s $400bn sovereign wealth fund, the world’s second largest SWF, has overhauled its investment strategy to increase its exposure to environmentally responsible companies. The Norwegian Government Pension Fund has directed about 1% of its funds, or $4bn, into “green shares” targeting investments in the developing world. As part of the shift, Norway has invested $1.2bn into 232 Indian companies that support environmental sustainability and clean energy, Norwegian officials said Monday.

This entry was posted by Gwen Robinson on Tuesday, September 1st, 2009 at 4:42 and is filed under Capital markets. Edit this entry.