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Responsibility

We invest and exercise our ownership rights responsibly, because the fund’s investments are about the future and belong to our future generations. We aim to contribute to efficient and well-functioning markets and promote work on international standards for responsible investment.

2015 report

Responsible
investment

Our work on responsible investment is an integrated part of the investment process. The aim of this report is to provide an overview of the areas we are working on.


Read the report

Responsible investment

We are an active owner

2015 saw 3,520 meetings between representatives of the fund and companies’ management, and we voted at 11,562 shareholder meetings. We have clear expectations of companies in areas such as corporate governance, shareholder rights, social issues and the environment.

Our tools for active ownership are dialogue with companies, investors, regulators and other standard setters, voting at shareholder meetings and filing shareholder proposals.

Our mission is to safeguard and build financial wealth for future generations. Active ownership protects shareholders’ rights and provides a basis for profitable commercial activity. Responsible investment safeguards the value of investments. This will benefit the people of Norway.

2015 saw 3,520 meetings between representatives of the fund and companies’ management, and we voted at 11,562 shareholder meetings. We have clear expectations of companies in areas such as corporate governance, shareholder rights, social issues and the environment.

Our tools for active ownership are dialogue with companies, investors, regulators and other standard setters, voting at shareholder meetings and filing shareholder proposals.

Our mission is to safeguard and build financial wealth for future generations. Active ownership protects shareholders’ rights and provides a basis for profitable commercial activity. Responsible investment safeguards the value of investments. This will benefit the people of Norway.


Voting records
Responsible investments

Risk management

Our focus areas

We work on selected issues that are relevant across multiple sectors, and have formulated expectations for how companies should manage risk and report on their activities. We have three focus areas dealing directly with environmental and social issues:


More on risk management

Exclusion of companies

Norges Bank decides on the exclusion of companies from the fund’s investment universe, or to place them on an observation list. The decisions are based on recommendations from the Council on Ethics appointed by the Ministry of Finance. 


Excluded companies