economy
February 26, 2026
The world's biggest sovereign wealth fund is using Anthropic's Claude AI model to screen investments for ethical issues
Norway’s $2 trillion wealth fund is reviewing its ethical framework after decisions on U.S. and Israeli companies drew ire from the Trump administration.
TL;DR
- Norway's $2 trillion oil fund (NBIM) is using AI to screen investments for ethical and reputational risks.
- The fund began using Anthropic's Claude AI model in November 2024, finding it an important tool for monitoring ESG risks.
- AI models screen all new equity portfolio companies on their first day for risks like forced labor, corruption, or fraud, providing rapid assessments.
- This AI-driven approach helps identify risks in smaller companies and emerging markets where information may be limited.
- NBIM's ethical framework is under review following controversial divestment decisions concerning U.S. and Israeli companies.
- The fund aims to strengthen the link between ownership and investment decisions, focusing on financially material aspects.
- NBIM manages investments across 7,200+ companies in 60 countries and holds stakes in approximately 1.5% of global publicly listed stocks.
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