Governance Framework

Government Pension Fund Norway (GPFN)

The Storting has in the Government Pension Fund Act, made the Ministry of Finance responsible for the management of the Government Pension Fund Norway (GPFN). The operational management of the Fund is carried out by Folketrygdfondet.

GPFN governance framework

The Ministry has issued provisions on Folketrygdfondet's management of the GPFN in a separate mandate. The mandate describes the general investment framework for the Fund and stipulates requirements with regard to risk management, reporting and responsible management. The mandate is general in nature and principle-based, and premised on Folketrygdfondet adopting more detailed internal rules.