One of the largest investors in the world unveiled a new tool for identifying risks

The fund, which manages assets amounting to approximately $2 trillion, was established in the 1990s with the aim of investing Norway’s revenues from the oil and gas industry. Today, it holds investments in more than 7,200 companies in 60 countries, and has holdings in approximately 1.5% of all public stocks in the world.

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The fund has a significant impact on the global market and the design of standards in the field of ESG investments (environment, society and corporate governance). Through its voting rights and the extent of its holdings, it sets expectations for the companies and markets in which it operates. In the annual responsible investment report, the fund’s management team stated that artificial intelligence is currently used to generate insights on governance and sustainability issues for portfolio managers.

The technology allows it to significantly expand the scope of the information it analyzes – and bring about “faster identification of material risks”.

CNBC reported that the ESG risk monitoring team began routinely using Anthropic’s Claude model as early as November 2024. Since then, according to the report, it has become “an important tool in monitoring our ESG risks across the investment portfolio.”

The fund receives daily risk assessments generated by artificial intelligence in relation to investments made the previous day, and according to the fund manager, this allows its team to immediately consider ways to reduce them.

“Within 24 hours of our investment, the artificial intelligence tools flag new companies in the fund’s stock portfolio with potential ties to, for example, forced labor, corruption or fraud,” the report says.

“Often, this information is not captured in international media coverage or data provider alerts. We always check the information before we make an investment or risk decision. In many cases, we identified and sold these investments before the broader market reacted to the risks, avoiding potential losses.”

How much did the fund lose due to the liquidation of the holdings in Israel?

About six months ago, the wealth fund announced the sale of large parts of its stock portfolio in Israel against the background of the war in Gaza. The decision, which was justified by the “reorganization” of the portfolio and the involvement of some of the companies in the fighting or their activities beyond the green line, provoked a wide media response in Israel and around the world.

The fund’s data published at the beginning of the month revealed that in the second half of 2025 it sold about half of the Israeli shares in its possession. A Globes investigation published three weeks ago found that this policy, which these days is being re-examined following American intervention, led to a missed yield of over 30% in the leading Israeli indices since the sale. In practice, this is a potential profit of more than a quarter of a billion dollars – close to a billion shekels – in a little over six months.