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Responsible investment 2021

Ownership works

We took transparency to the next level in 2021 by publishing all of our voting intentions five days before the general meetings. We screened the entire portfolio against the expectations, we presented our views at 2,628 company meetings, and we voted at 11,601 shareholder meetings. That is how active ownership creates value for the fund.

Published 03 Mar. 2022

Responsible investment and brief update on market situation

Chief Governance and Compliance Officer Carine Smith Ihenacho presented the highlights of the Responsible investment report 2021. Thereafter, CEO Nicolai Tangen and Deputy CEO Trond Grande gave a brief update on the current market situation.

11,601 shareholder meetings voted at

Voting is one of the most important tools we have as a shareholder for safeguarding the fund's assets. We voted at 11,601 shareholder meetings in 2021.

97.1 percent voted at

We aim to vote at all shareholder meetings at companies in our portfolio. We voted at 97.1 percent of the company shareholder meetings in 2021.

2,628 company meetings

As a long term investor, we engage in regular dialogue with our largest companies. The aim is to promote good corporate governance and responsible business practices.

Divestments in 2021

In 2021, we divested from 52 companies following assessment of environmental, social and governance risks. Altogether, we have divested from 366 companies since 2012.

52 new divestments

Norges Bank makes decisions on the observation and exclusion of companies after receiving a recommendation from the Council of Ethics. Norges Bank excluded 12 companies in 2021.

12 excluded companies

Company follow-up

4,196 assessments of company reporting

90,168 thousand tonnes of CO2-equivalents in equity portfolio’s carbon footprint