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Norges Bank's work on responsible investing

The aim of Norges Bank's responsible investing activities is to promote long-term value creation and to contribute to good corporate governance and responsible business conduct. In its management of the GPFG, Norges Bank shall emphasise the fund's

Recommendation on Exclusion from the Government Petroleum Fund’s Investment Universe of the Company Kerr-McGee Corporation

Recommendation - New assessment of the company Rheinmetall AG

New information which has been brought to the attention of the Coucil has lead to the conclusion that the grounds for excluding Rheinmetall AG are no longer valid, and a new recommendation was issued with regard to this.

Recommendation on exclusion of the companies Rheinmetall AG and Hanwha Corp.

The companies were recommended for exclusion because of their involvement in production of cluster munitions.

Report No. 16 to the Storting (2007-2008) - On the Management of the Government Pension Fund in 2007

Council on Ethics’ assessment on investments in Israel Electric Corporation

We hereby refer to the letter from the Ministry of Finance, dated March 3, 2008, requesting an assessment of whether investments made by the Government Pension Fund - Global in Israel Electric Corporation (“IEC”) may constitute a breach of the fund’

The Government Pension Fund Global to exit Russia

The Ministry of Finance has today informed the Fund manager Norges Bank to immediately freeze all investments made by the Government Pension Fund Global (GPFG) in Russia. The Ministry has further requested Norges Bank to prepare a plan for the

Recommendation of DRD Gold Limited

The Council has reached the conclusion that the Ethical Guidelines, point 4.4, second clause, third bullet point, provide a basis for recommending the exclusion of DRD Gold Limited owing to an unacceptable risk of contributing to severe

Recommendation - Vedanta Resources Plc.

At a meeting on 2 October 2006 the Council on Ethics for the Government Pension Fund - Global decided to assess whether the investments in the company Vedanta Resources Plc. may imply a risk of the Fund contributing to unethical acts under the

Annual white paper on the Government Pension Fund

Today, The Ministry of Finance is presenting the 2025 white paper on the Government Pension Fund (Meld. St. 22 (2024-2025)). In the white paper, the Ministry reports on the results and management of the Government Pension Fund Global and the

The Government Follows Up on the Parliament’s Decision Regarding the Ethical Framework for the Pension Fund

On November 4, the Norwegian Parliament (Stortinget) requested that the government review the ethical framework for the Government Pension Fund Global (GPFG).

Meld. St. 22 (2024–2025) - The Government Pension Fund 2025

Executive summary

Climate risk and the Government Pension Fund Global

Managing risks associated with climate change and the green transition

Report from an expert group appointed by the Ministry of Finance. 15 August 2021. English translation of the original report’s executive summary and chapter 7 with recommendations.

Amendment to the 2022 Fiscal Budget Proposal: A new and fairer course for the whole of Norway

Opportunities throughout the country, higher employment, labour market security, a fairer distribution of income and wealth and fairer climate policies are key priorities in the new government's proposed changes to the 2022 budget.

Amendment to the 2022 Fiscal Budget Proposal: Key figures in the Amendment to the 2022 Fiscal Budget Proposal

To ensure simultaneous access to information that might be market sensitive, the Ministry of Finance publishes selected key figures prior to the budget launch at 12:00 am.

Change in the mandate for the committee on long-term perspectives for the Government Pension Fund Global

The Government has decided to change the mandate for the committee appointed to review which developments internationally and in the financial markets may affect risk and return in the Government Pension Fund Global (GPFG) and assess what

NOU 2022: 12 - The Fund in a changing world

The Government Pension Fund Global and new economic and political developments

Meld. St. 22 (2019–2020) - Financial Markets Report 2020

Meld. St. 22 (2019–2020) Report to the Storting (white paper) Summary

Recommendation of 15 November 2005

Meld. St. 14 (2020–2021) - Long-term Perspectives on the Norwegian Economy 2021

Chapter 1