Carine Smith Ihenacho, Chief Governance and Compliance Officer at Norges Bank Investment Management, shares insights from the world's largest sovereign wealth fund. She discusses the fund's commitment to ESG principles and its comprehensive climate action plan targeting net-zero emissions by 2050. Carine tackles the complex balance of engagement versus divestment to influence companies towards sustainable practices. Amidst the ESG backlash, she emphasizes the critical importance of long-term value creation and strategic investment in renewable infrastructure to combat climate change.