"I am so proud of all my great colleagues in Norges Bank Investment Management. We aim to be the most transparent investment fund in the world, and we work really hard every day for it. This result is an important milestone and will inspire us to work even harder towards even greater transparency," says Nicolai Tangen, CEO of Norges Bank Investment Management.
The benchmark focuses on the transparency and quality of public disclosures, with quality relating to the completeness, clarity, information value, and comparability of disclosures.
"We truly believe in transparency. Our owners are the Norwegian people, and they deserve and expect to have access to information about what we do and how we do it," says Marthe Skaar, Chief Communications and External Relations Officer at Norges Bank Investment Management.
The Global Pension Transparency Benchmark is the world's first global standard for transparency among pension and institutional investment funds. It ranks 75 investment funds from 15 different countries. The overall scores look at four factors: governance and organization, performance, costs, and responsible investing.
The Government Pension Fund Global is ranked number one in both performance and responsible investing.