"Norwegian oil fund calls for companies to focus on energy efficiency", 24 Sep 2015

Norway’s sovereign wealth fund has called for a greater focus on energy efficiency, arguing that companies should disclose their renewable energy consumption targets and report on use of low-carbon products...NBIM cited the importance of usable data, as it would allow the NOK7.1trn (€776n) Government Pension Fund Global’s manager to understand the financial risks associated with climate change...“NBIM believes that introducing measurement and reporting of sector-specific climate-change challenges will facilitate a deeper and richer understanding of the operational challenges and risks for groups of companies,” the letter added. It also stressed that it would be important to include energy-transition initiatives – such as low-carbon products and self-imposed targets for renewable energy consumption – to further help investors.