‘The net-zero challenge is urgent and large and affects all sectors, says Mr. Yngve Slyngstad. He is joining SNIC 2022 as a keynote speaker and panelist at Conrad Centennial on 18 November.
Yngve Slyngstad served for 13 years as CEO of Norges Bank Investment Management (NBIM). During his tenure, the Norwegian sovereign wealth fund grew from approximately EUR 200 billion to over EUR 1 trillion. This made the fund the largest single shareholder in the world’s stock markets.
Currently, Mr. Slyngstad is the Managing Partner of Industry Capital Partners (ICP), which he established with the Norwegian industrial investment company Aker ASA.
ICP’s mission is to invest in the full breadth and depth of the climate transition. This includes all aspects, from seed funding of low-carbon technologies to renewable infrastructure projects.
At SNIC 2022, Mr. Slyngstad will address how asset management has to change to achieve net zero.
‘The Net Zero challenge is urgent as the timeline gets shorter. It is large and requires investments of 3 percent of the world’s GDP. And it affects all sectors – energy, industry, and cities. The asset management must get closer to industry, collect all pieces for the green shift for asset classes, and move capital assets to the institutional investors’ balance sheet, ” states Slyngstad.
NBAS, The Norwegian Embassy in Singapore, and Innovation Norway jointly host SNIC 2022. Ambassador H.E Eivind S. Homme is grateful that Mr. Yngve Slyngstad is joining the conference. ‘The financial aspect is necessary for any conversation about how we can move forward and fast green transformation. With Mr. Slyngstad, we will at SNIC 2022 get to listen to the experience and advice of one of the world’s leading experts in this fieldin the field.’