# E3 Carine Smith Ihenacho of Norges Bank IM Page: https://stenobird.com/podcast/behind-the-balance-sheet-4149344/e3-carine-smith-ihenacho-of-norges-bank-im Text version: https://stenobird.com/podcast/behind-the-balance-sheet-4149344/e3-carine-smith-ihenacho-of-norges-bank-im.md Podcast: [Behind the Balance Sheet](https://stenobird.com/podcast/behind-the-balance-sheet-4149344) Published: 2024-05-26T07:29:00+00:00 Episode link: https://podcasters.spotify.com/pod/show/stephen-clapham1/episodes/E3-Carine-Smith-Ihenacho-of-Norges-Bank-IM-e2k1k3g Audio file: https://anchor.fm/s/5f616d54/podcast/play/87133744/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2024-4-23%2F95e8c8dd-eaf7-69bd-065b-452ddea81ee3.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/behind-the-balance-sheet-4149344/episodes/e3-carine-smith-ihenacho-of-norges-bank-im Duration seconds: 2892 ## Resource Carine Smith Ihenacho is Chief Governance and Compliance Officer at Norges Bank Investment Management, the Norwegian wealth fund. It’s the largest single equity owner in the world and sets out to be the most transparent. She is therefore likely the most powerful person in the world of ESG. In our podcast episode, Huw van Steenis and I discussed: How you can combine sustainability with the pursuit of returns The difference between the US and Europe when it comes to the energy transition How the fund takes action to divest and exclude companies on climate, enviromental and even tax grounds How NBIM conduct their reviews Issues with ESG ratings and how they can be improved Why companies pushing back targets paradoxically may be a sign of progress Carine is uniquely placed to comment on the energy transition and all things relating to governance and this was a fascinating conversation. Show Notes ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/behind-the-balance-sheet-4149344/episodes/e3-carine-smith-ihenacho-of-norges-bank-im/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/behind-the-balance-sheet-4149344/e3-carine-smith-ihenacho-of-norges-bank-im.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.