Norway's $1.5 trillion sovereign wealth fund, the world's largest single owner of equities, is anticipating lackluster market performance due to persistent inflationary pressures. CEO Nicolai Tangen expressed concern about low returns in the coming years. This outlook is attributed to the impact of ESG (environmental, social, and governance) initiatives, which have led to climate and reputational risk pressures from financial regulators and investor skepticism. The fund is bracing for challenges as political pressures and legal challenges prompt businesses to distance themselves from ESG and adopt new terms like 'responsible business.' The impact of ESG on the fund's returns is highlighted, with concerns raised about the inflation it helped cause through the ESG initiatives.
*NORWAY WEALTH FUND CEO SEES LOW RETURNS THE NEXT FEW YEARS* @markets
Climate hypocritical Norwegian sovereign wealth fund (oil great for us but not for you) to be hurt by the inflation it helped cause with the ESG scam. https://t.co/Myk4XopP1q https://t.co/BeGa57aK2y
Norway’s $1.5 trillion sovereign wealth fund is bracing for lackluster performance from the markets in the years to come as inflationary pressures are likely to remain. “I think there is more underlying inflationary pressure,” Chief Executive Officer Nicolai Tangen said in an… https://t.co/g4Da2yYZJI
"It's just not a very happy cocktail" Norway’s $1.5 trillion sovereign wealth fund is bracing for lackluster performance from the markets over the next few years, CEO Nicolai Tangen tells Bloomberg at Davos https://t.co/8VZJN0GfLn https://t.co/t0s6dj1RGb
Norway’s $1.5 trillion sovereign wealth fund -- the world’s biggest single owner of equities -- is bracing for lackluster performance from the markets in the years to come as inflationary pressures are likely to remain https://t.co/B6cFpETVtt via @TwigaLundgren @flacqua @markets
Norway’s $1.5 trillion sovereign wealth fund -- the world’s biggest single owner of equities -- is bracing for lackluster performance from the markets in the years to come as inflationary pressures are likely to remain https://t.co/4VqGfqpYY9
*NORWAY WEALTH FUND CEO SEES LOW RETURNS THE NEXT FEW YEARS
ESG Becomes Corporate America's New Taboo - ESG, once a dominant trend, is now facing disapproval and legal challenges, prompting businesses to distance themselves and adopt new terms like "responsible business." - Political pressures and investor skepticism have led to… https://t.co/aQHBsUH0KN
don’t call ESG out just yet: 1. Disclosure mandates coming from EU, CA and the US SEC. 2. Climate and reputational risk pressure coming from financial regulators, the Fed. 3. Companies made large commitments they haven’t walked back 4. Commitment + disclosure = liability https://t.co/FxgCHjwTK6
Go woke, go broke. ESG kills. Reminder that the carbon they wish to eliminate is you. @OPPDCares https://t.co/KVP7slMMaV https://t.co/bdMZENsUP8