Norges Bank Investment CEO Nicolai Tangen Talks Going Green
May 17, 2024
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Norges Bank Investment CEO, Nicolai Tangen, discusses the fund's commitment to climate change, shifting focus from oil to renewables, and AI's impact on geopolitics. Tangen talks about his belief that he has the most interesting job on the planet.
Norges Bank Investment Management reduces exposure to oil, aiming for net zero commitment.
Nikolai Tangen emphasizes engaging with companies for sustainability and ESG consistency.
Deep dives
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Addressing Climate Change and Sustainable Investing
The podcast delves into the pressing issue of climate change and the role of sustainable investing in addressing this global challenge. Nikolai Tangen, the head of the world's largest sovereign wealth fund, emphasizes the importance of consistent commitment to ESG matters despite the world taking steps back. He advocates for engaging with companies to facilitate transitions towards sustainability and highlights the financial risks posed by climate change to investment portfolios.
Embracing Continuous Learning and Team Building
Nikolai Tangen's passion for lifelong learning and building effective teams shines through. He values a diverse knowledge base and encourages combining different disciplines to drive innovation and decision-making. Tangen emphasizes hiring exceptional individuals with integrity and long-term vision, fostering a culture of loyalty and collaboration within the team. His leadership approach focuses on inspiring and steering the team towards shared goals, ensuring a supportive and enjoyable work environment.
Bloomberg's Francine Lacqua sits down with Nicolai Tangen, CEO of the world’s biggest sovereign wealth fund. Valued at almost $1.6 Trillion, Norges Bank Investment Management was established to invest Norway’s oil riches. But as the transition from fossil fuels to renewables gains momentum, it’s sought to reduce its exposure to oil and gas and wants the firms it invests in to commit to net zero. Tangen discusses the fund’s commitment to climate change, the link between AI and geopolitics, and why he thinks he has the most interesting job on the planet. Leaders with Lacqua Goes Green features interviews with key decision makers across a range of industries to see how they're navigating the climate transition.