By Chloe Taylor
Publication Date: 2026-02-26 14:50:00
Nicolai Tangen, CEO of Norges Bank Investment Management, speaks at a press conference on his company’s 2024 annual results at Norges Bank in Oslo, Norway, on January 29, 2025.
Ole Berg-rusten | Afp | Getty Images
Norway’s $2 trillion oil fund, one of the world’s largest investors, said Thursday it is now using AI to screen investments for potential reputational and ethical risks.
Norges Bank Investment Management (NBIM) manages the fund, which was established in the 1990s to invest income from the Norwegian oil and gas industry. The company invests in more than 7,200 companies in 60 countries and holds shares in around 1.5% of the world’s listed stocks.
It has long had an impact on the global market and ESG (environmental, social and governance) investing. It uses its influence and voting rights to set expectations for the companies and markets in which it invests, including the impact on people, the environment and society.
In its annual report on responsible investing, the…