In this episode of Financing the Future, host Elliott Harris speaks with Carine Smith Ihenacho, Chief Governance and Compliance Officer at Norges Bank Investment Management, which manages the world’s largest sovereign wealth fund.

The conversation explores how long-term investors are navigating geopolitical volatility, regulatory shifts and the evolving ESG landscape while staying focused on financially material sustainability risks. Carine explains why climate risk remains financial risk, why investors must prioritize the issues that truly matter for value creation, and how consistency and long-term thinking are essential in a world of turbulence.

From active ownership and responsible AI to global disclosure standards and the energy transition, this episode examines how one of the world’s most influential investors approaches risk, opportunity and long-term returns.

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Into and outro credit: Tune by Kike Gutz