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Inside the World's Biggest Investor - Ep138: Carine Smith Ihenacho
Inside the World's Biggest Investor - Ep138: Carine Smith Ihenacho
ratings:
Length:
50 minutes
Released:
Sep 20, 2023
Format:
Podcast episode
Description
This week, Michael’s guest is Carine Smith Ihenacho, Chief Governance and Compliance Officer at Norges Bank Investment Group. NBIM operate the world’s largest sovereign wealth fund, created to ensure responsible and long-term management of revenue from Norway’s vast oil and gas resources. The fund is the largest single owner in the world’s stock markets, and since her appointment in 2020, Carine has been outspoken in calling for robust emissions targets and climate risk reporting among its portfolio companies. Links and Related EpisodesRead NBIM’s 2025 Climate Action Plan: 2025 Climate action plan | Norges Bank Investment Management (nbim.no)Explore NBIM's Annual Report 2022: https://www.nbim.no/en/publications/reports/2022/annual-report-2022/You can read NBIM's investment mandate for the Government Pension Fund Global here: https://www.regjeringen.no/contentassets/9d68c55c272c41e99f0bf45d24397d8c/2023.02.27_gfpg_management_mandate.pdf Read the statement made by NBIM's CEO Nicolai Tangen at the hearing of the Standing Committee on Finance and Economic Affairs of the Storting (Norwegian parliament) in April 2023: https://www.norges-bank.no/en/news-events/news-publications/Speeches/2023/2023-04-18-tangen/The Guardian: World’s biggest investment fund warns directors to tackle climate crisis or face sack: https://www.theguardian.com/business/2023/feb/03/worlds-biggest-investment-fund-warns-directors-to-tackle-climate-crisis-or-face-sackFT: Norway’s $1.4tn oil fund to step up ESG proposals to US companies: https://www.ft.com/content/62e3c629-44cf-43f7-9682-a056f9b5c634Watch Former Norwegian PM Jens Stoltenberg on “Avoiding the Oil Curse”: https://www.youtube.com/watch?v=8f6geiVdwpk Guest BioCarine was appointed Chief Governance and Compliance Officer at Norges Bank Investment Management in 2020. She joined the company in August 2017 as Global Head of Ownership Strategies and was promoted to Chief Corporate Governance Officer in January 2018. Carine is responsible for ownership and responsible investment activities, control and operational risk, compliance and legal services.Prior to joining Norges Bank Investment Management, Carine was Vice President Legal and Chief Compliance Officer in Statoil ASA. She has more than 20 years’ experience as a lawyer, working in both financials and the oil and gas industry, as well as in law firms. She also has extensive board experience.Carine holds a law degree from the University of Oslo, a Master of Law from Harvard Law School and a Master of Economics from the Norwegian School of Economics (NHH).
Released:
Sep 20, 2023
Format:
Podcast episode
Titles in the series (100)
Ep21: Claude Turmes ‘Clean Energy Coalition-builder': What happens behind the scenes of the EU Parliament? One of the leading figures in European politics, Claude Turmes, the Minister for Energy and Minister for Spatial Planning in Luxembourg, joins Michael Liebreich for episode 21. As a member of the European Green Party and a former Member of the European Parliament for 19 years, Claude has extensive experience representing the parliament in international climate change conferences. Bio/Introduction Claude Turmes has been the rapporteur of a large number of European directives, in particular on renewable energies, energy efficiency, the electricity market and climate plans, as well as on the European lobby register. He was the rapporteur on the EU Renewable Energy Directive 2009/28. From 2004 to 2018, he was the chairman of EUFORES (European Forum for Renewable Energy Sources), the Inter-parliamentary association for the promotion of renewable energies in Europe. Moreover, He repre by Cleaning Up: Leadership in an Age of Climate Change