Norwegian financier targets "solutions" companies to meet climate goals

Climate change mitigation isn't achieved only by excluding big carbon emitters; investment is also needed in companies providing positive solutions. One of Storebrand's new climate goals for 2025 is that at least 15 percent of its investments go to what the firm defines as "solutions companies".
Jan Erik Saugestad, CEO at Storebrand Asset Management. | Photo: PR/Storebrand
Jan Erik Saugestad, CEO at Storebrand Asset Management. | Photo: PR/Storebrand
STEIN ARILD IGLEBÆK, FINANSWATCH.NO & ENERGYWATCH

As many energy sector observers will likely have noticed, there's a lot talk these days in the halls of finance and money management about whether to blacklist or enter dialog with big polluters, with many billions going into renewable energy and various cleantech undertakings – and on the other hand, significant volumes of cash are being withheld from oil and gas business and coal-heavy utilities clinging to status quo.

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