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Fund participates in UN Global Compact Action Platform for oceans

11 June 2018

The objective of the platform is to develop a business leadership framework to promote the well-being of our oceans and sustainable use of marine resources.

The oceans provide a multitude of resources and a space for passage. The value of the oceans will continue to increase and generate important ecosystem services. The Action Platform will facilitate the development of a business leadership framework on oceans, seas and marine resources. It aims to inspire business partnerships and gather new data on sustainable ocean development. The initiative is linked to the Sustainable Development Goals, and especially number 14 on oceans.

Norges Bank Investment Management’s mission is to safeguard long-term financial interests for future generations in Norway.

"As a large, global and long-term shareholder, we have an inherent interest in long-term sustainable development. We aim to contribute to develop knowledge and a global framework that can help the companies in our portfolio mitigate risks and take advantage of the opportunities, including a sustainable use of the oceans", says Carine Smith Ihenacho, Chief Corporate Governance Officer in Norges Bank Investment Management.

The fund has signed up as a participant in the platform alongside companies representing industries and sectors that have activity connected with the oceans, UN bodies, NGOs and research institutions. 

The Action Platform was officially launched in New York on World Ocean Day, 8 June 2018, and will run through 2020.