• Gustavo 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.

Source: https://www.bnnbloomberg.ca/banks-in-norway-offered-free-climate-risk-tool-by-government-1.1590007


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