top of page
  • Writer's pictureGustavo Bernal Torres

Banks in Norway Offered Free Climate-Risk Tool by Government

Financial institutions in Norway are being offered help from the government to measure the climate risk in investment portfolios-

  • Norway is working with the non-profit think tank, 2° Investing Initiative, which developed the tool being offered to the financial industry. Called PACTA, it’s designed to measure climate risks based on the Paris Agreement, according to a statement. Norway’s financial institutions will be able to access it for free, and the results will be anonymous.

  • 2° Investing Initiative says its tool allows companies to align portfolios with different climate scenarios and to analyze specific companies. More than 1,500 financial institutions have used it since a version for banks was introduced in September, according to its website.



Recent Posts

See All

There may be an investment case for holding them, but it’s not obvious they are saving the planet. The investors who penned the open letter — including BNP Paribas Asset Management, Eden Tree Investme

bottom of page