(Bloomberg) -- The sovereign wealth fund of Norway, the world’s biggest, is expecting the breathless flow of money into environmental, social and governance strategies to continue as the ESG market hurtles toward $50 trillion.
“There’s huge money going into ESG funds,” Carine Smith Ihenacho, chief corporate governance officer at Norges Bank Investment Management, said in an interview with Bloomberg Television’s Francine Lacqua on Friday. “But I still think we’re in the early days of this and huge investment will be needed in the whole energy transition. I think we’ll continue to see a lot more investments.”