We want to see more women in finance

Norges Bank is one of the founding partners behind Norway’s Women in Finance Charter, which aims to increase the proportion of women in leadership positions in the finance industry. As a signatory to the charter, we have made a commitment to set internal targets for gender balance in leadership and senior positions.

The charter is owned by the industry itself via the trade associations Finance Norway, the Norwegian Venture Capital & Private Equity Association, the Norwegian Securities Dealers Association and the Norwegian Fund and Asset Management Association. The project is managed by FutureBoards AS.  

"Working with gender balance isn’t politics, it’s logic. At the oil fund we will work continuously to improve diversity in leadership and strategically important positions", says CEO Nicolai Tangen.

Four principles

As a signatory to the charter, we have made a commitment to set internal targets for gender balance in leadership and senior positions.  

1. Set internal targets for gender balance at senior management level

Our goal is to have at least 40 percent women at Norges Bank as a whole. At senior management level, the Bank has 27 percent women.

2.Have a senior manager with dedicated responsibility for this work

Governor Ida Wolden Backe is responsible for work on gender balance at Norges Bank Central Banking Operations and Norges Bank Administration, while the fund’s CEO Nicolai Tangen has this responsibility at Norges Bank Investment Management. All managers are responsible for ensuring a good gender balance in their own team.

3. Report publicly on progress

Progress towards the targets will be monitored and published in Norges Bank’s annual report.

4. Link executive pay to performance against these targets

The targets have been included as an agenda item in appraisals for Norges Bank’s senior managers.

"Norges Bank aims to recruit more women to executive positions, and we believe that the Women in Finance Charter can play a crucial role in reaching this objective", says Governor Ida Wolden Bache.

Last saved: 04/03/2022