Norfund 2024 SR
The report highlights Norfund's Climate Investment Fund activities and achievements in 2024. During the year, the fund committed NOK 1.7 billion to new and follow-on investments, bringing its total portfolio to NOK 5.6 billion. These investments are expected to avoid 2.9 million tons of CO2e emissions annually once operational. By the end of 2024, the fund had financed 7.9 GW of renewable energy capacity, exceeding its strategy period targets. Additionally, Norfund delivered an 18.2% return in NOK for its climate mandate and was entrusted with managing the new Investment Fund for Ukraine.
Company: Norfund
Sector: Finance & insurance
Country: Norway
Year: 2024
Type: SR
Pages: 72
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Norfund
Climate Investment Fund Annual Report
The report highlights Norfund's Climate Investment Fund activities and achievements in 2024. During the year, the fund committed NOK 1.7 billion to new and follow-on investments, bringing its total portfolio to NOK 5.6 billion. These investments are expected to avoid 2.9 million tons of CO2e emissions annually once operational. By the end of 2024, the fund had financed 7.9 GW of renewable energy capacity, exceeding its strategy period targets. Additionally, Norfund delivered an 18.2% return in NOK for its climate mandate and was entrusted with managing the new Investment Fund for Ukraine.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Women in Management
Workplace Fatalities
Employees