Norway’s $2.3-Trillion Fund Opposes SEC Idea to Rescind Climate Reporting

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Norway’s $2.3 trillion sovereign wealth fund opposes the U.S. SEC's proposal to rescind climate-related reporting requirements, advocating for continued disclosure of climate-related risks in registration and annual reports.

The world’s biggest sovereign wealth fund, Norway’s $2.3-trillion Government Pension Fund Global, does not support the U.S. Securities and Exchange Commission’s (SEC) proposal to scrap requirements for climate-related risks and disclosures. The SEC in May requested input from investors about a proposal to rescind the Final Rules requiring registrants to provide certain climate-related information in their registration statements and annual reports. Norway’s Government Pension Fund Global (GPFG), which is commonly referred…