Norges Bank Norway
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Created before Nov 2016 Last update: Mar 23 2021
About Norges Bank Norges Bank, established in 1816, is the central bank of Norway. The bank does not offer any banking services to the general public. Its mandate is to promote economic stability in Norway. Norges Bank has executive and advisory responsibilities in the area of monetary policy and is responsible for promoting robust and efficient payment systems and financial markets. Norges Bank, via its subsidiary Norges Bank Investment Management, manages Norway's foreign exchange reserves and the Government Pension Fund Global, also known as the Oil Fund, which was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. This is the largest sovereign wealth fund in the world.
Website http://www.norges-bank.no
Headquarters Bankplassen 2 0151 Oslo Norway
CEO/chair Øystein Olsen Chairman
Supervisor
Annual report Annual report 2020
Ownership Norges Bank is owned by the Norwegian state.
Complaints and grievances
Sustainability
Voluntary initiatives Norges Bank has committed itself to the following voluntary standards: Extractive Industries Transparency Initiative Principles for Responsible Investment (PRI) United Nations Global Compact
Investment policies Norges Bank Investment Management's webpage on corporate social responsibility can be accessed here.
Exclusion of companies Elco, Ashtrom Group, Electra and Oil & Natural Gas Corp. Exclusion due to unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations of war or conflict Sep 2 2021 | Norges Bank Investment Management
Observation and exclusion of companies Mar 3 2021 | Norges Bank Investment Management
Climate change - expectations of companies Apr 16 2020 | Norges Bank Investment Management Human rights policy Date listed represents date as accessed on website Apr 16 2020 | Norges Bank Investment Management
Water management - expectations of companies Mar 31 2020 | Norges Bank Investment Management
Children's rights - expectations of companies Jan 29 2020 | Norges Bank Investment Management
Tax transparancy - expectations of companies Jan 29 2020 | Norges Bank Investment Management
Anti-corruption - expectations of companies Jan 29 2020 | Norges Bank Investment Management
Ocean sustainability - expectations of companies Jan 29 2020 | Norges Bank Investment Management
Divestments policy Jan 3 2019 | Norges Bank Investment Management
Guidelines for observation and exclusion of companies (ethical guidelines from the Norwegian Ministry of Finance) Feb 10 2017 | Norges Bank Good moves
2021
Norges Bank has decided to exclude four companies from the Government Pension Fund Global
Related Dodgy Deals
Norges Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
Projects
There are no projects active for Norges Bank now. Israeli illegal settlements Israel on record Construction
Companies
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Orano France on record Mining | Nuclear Electric Power Generation
BHP Billiton Australia on record Coal Mining | Mining | Oil and Gas Extraction
Coal of Africa Australia on record Coal Mining