Green Real Estate Gets Huge Boost

Norwegian Government Pension Fund announces that it will commit 5% to Green Real estate investments, which at present rates represents $ 16 billion, according to Responsible Investor.

Norges Bank Investment Management (NBIM), who is the fund manager, will be required by the government to produce an annual report of the portfolio, including an “assessment of how it conforms to responsible management and the exercise of ownership rights. The bank will be allowed to hire external managers and outsource operational functions, with returns benchmarked against a customised version of the Investment Property Databank’s Global Property Benchmark.”

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