News in short February 11 – February 15 2019

<strong>Norwegian Oil Fund insources mandates with environmental focus and revamps RE strategy

To keep down costs, Norwegian Government Pension Fund Global has decided to bring its environment-focused investment mandates in-house. Last year, the pension fund allocated NOK 43.3 billion (EUR 4.4 billion) to environment-related mandates. According to the annual responsible investment report by Norges Bank Investment Management, the manager of the fund, all externally managed, environment-related mandates were terminated in 2018 and today are “in their entirety internally managed”. The scheme is required by Norway’s finance ministry to invest between NOK 30 billion (EUR 3 billion) and NOK 60 billion (EUR 6.1 million) in “dedicated environment-related mandates”. Elsewhere, the NOK 8.5 trillion