Annual report 2022
The fund returned -14.1 percent, or -1,637 billion kroner, in a year of rising interest rates, high inflation and war in Europe. However, the market value of the fund increased by 90 million kroner. This was because the krone fell against the currencies in which the fund is invested, and because new capital was added to the fund. The fund’s return was 0.87 percentage point higher than the return on the benchmark index, equivalent to 117 billion kroner.
The key figures were presented at a press conference on 31 January
CEO Nicolai Tangen and Deputy CEO Trond Grande presented the fund's key figures for 2022. Some of our expert provided a deeper insight into specific areas and sectors of relevance in the year that has passed. The press conference was in English.
Annual report 2022
Responsible investment 2022
Half-year report 2022
Annual report 2021
2025 Climate action plan
It is the goal of our responsible investment management for our portfolio companies to align their activities with global net zero emissions in line with the Paris Agreement. Our ambition is for our portfolio companies to achieve net zero emissions by 2050.
We have published expectations of how companies in our portfolio should address global challenges in their operations since 2008. These expectations largely coincide with the UN Sustainable Development Goals.
Tax and transparency
Biodiversity and ecosystems
Human capital management
Historic management reviews
25 years of investing in fixed income
The first 20 years of investing with company insight
The first 20 years of investing in equities
The fund's first 30 years
The first 20 years of investing responsibly
The first 10 years with real estate
The first 20 years with external managers
Our analyses are informed by our research and experience as a large, long-term investment manager. The Discussion Note series provides a basis for our investment strategy and advice to the fund’s owner. The Asset Manager Perspective series presents our views on topics relevant to the financial sector. The perspectives are not intended to be definitive but to provide useful input for all market participants.