World's largest sovereign wealth fund sees €94bn return on investment

The investor plans to step up the pace at which it offloads companies that pose a risk when viewed through an environmental, social or governance lens.

Norway's sovereign wealth fund has seen a surge in returns through its investment in tech stocks such as Google owner Alphabet.

Norway’s $1.4 trillion (€1.2tn) sovereign wealth fund, the world’s biggest, generated a 9.4% return in the first half of the year after its investments in energy, finance and technology companies helped drive double-digit gains in its stock portfolio.

Oslo-based Norges Bank Investment Management returned almost 14% on stocks, with energy investments up nearly 20%, it said.