Norway firms lag green standards set by wealth fund

Oslo

MANY Norwegian companies lag the high standards for reporting their impact on the environment that the Nordic nation's US$1 trillion wealth fund is championing abroad in 2018.

The world's biggest sovereign wealth fund, which is barred by the Norwegian government from investing at home, wants the 9,100 companies in which it holds stakes to submit data on issues such as water use and climate effects to London-based non-profit group CDP, formerly the Carbon Disclosure Project.