Carine Smith Ihenacho

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.

Carine Smith Ihenacho serves as the Chief Governance and Compliance Officer at Norges Bank Investment Management, overseeing nearly $2 trillion for Norway's sovereign wealth fund. In their conversation, she delves into the balance between long-term investment strategies and the pressures of short-term performance. Carine highlights the critical importance of sustainability in investment decisions and discusses the challenges of influencing corporate behavior towards net zero emissions. She also examines the evolving dynamics of ESG investment, advocating for a financial perspective on sustainability.

Carine Smith Ihenacho, Chief Governance and Compliance Officer at Norges Bank IM, oversees ownership strategies for the world’s largest equity owner. She discusses linking sustainability with returns. She contrasts US and European approaches to the energy transition. She explains engagement versus divestment, transparency limits, and problems with ESG data and ratings.