A research grant from Norges Bank Investment Management for Professor Harrison Hong of Columbia University has resulted in the publication of a special issue of The Review of Financial Studies dedicated exclusively to climate finance.
Today, we publish an asset manager perspective where we explain our approach to shareholder proposals on sustainability. We recommend evaluating proposals according to materiality, prescriptiveness and a careful consideration of company context.
On 11 June, the Supervisory Council of Norges Bank sent a letter to the Storting with a briefing on the Supervisory Council’s work in connection to the appointment of Nicolai Tangen as new CEO of Norges Bank Investment Management (NBIM). The reason for the letter is the great public interest in the appointment and employment contract that has been agreed.
Today we publish a practical guidance tool for companies. The guidance tool is the result of a partnership between UNICEF and NBIM involving leading apparel and footwear companies.
Ten years have passed since the fund was given a mandate to invest in unlisted real estate. Today, the fund is one of the world’s largest real estate investors. Unlisted real estate has had a positive contribution to the fund’s return, in addition to reducing the risk.
On Wednesday, Øystein Olsen, on behalf of Norges Bank’s Executive Board, signed an employment contract with Nicolai Tangen as new CEO of Norges Bank Investment Management.
With effect from today, we will explain all our votes against the board at shareholder meetings. In addition, we publish an asset manager perspective and four position papers to clarify our views as an owner.
Norges Bank has decided to exclude seven companies from the Government Pension Fund Global and revoke two exclusions.
Norges Bank has decided to exclude five companies from the Government Pension Fund Global and place four companies on an observation list after an assessment against the product-based coal criterion.
In the first quarter of 2020, the Government Pension Fund Global returned -14,6 percent, equivalent to -1,350 billion kroner, according to final figures.
External managers have over its 20-year history played an important role in fulfilling the fund’s mandate of the highest possible return after costs with a moderate risk.
In the first quarter of 2020, the Government Pension Fund Global returned -14.6 percent, equivalent to -1,171 billion kroner.
Norges Bank’s Executive Board has appointed Nicolai Tangen as the new CEO of Norges Bank Investment Management.
Today, Norges Bank Investment Management has published extended information on return and risk in the Government Pension Fund Global. The publication supplements the fund’s annual report with figures and analyses for various investment strategies.
Norges Bank Investment Management has signed an agreement to acquire a 39.9 percent interest in a part of the Otemachi Park Building, an office-complex located in Tokyo, in a joint venture with a new partner, Mitsubishi Estate.
Boards must ensure that companies regularly report relevant, quantitative and comparable information on environmental, social and governance issues. Investors require information of financial importance that is comparable between companies and over time.
In 2019, the Government Pension Fund Global returned 19.9 percent, equivalent to 1,692 billion kroner.
The application deadline for the position of CEO of Norges Bank Investment Management expired on 21 February 2020.
Norges Bank has decided to revoke the exclusion of Drax Group Plc.