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

Executive summary

Meld. St. 13 (2017–2018) - The Government Pension Fund 2018

Meld. St. 13 (2017–2018) Report to the Storting (white paper)

Meld. St. 27 (2012-2013) - The Management of the Government Pension Fund in 2012

Annual Report to the Storting

Transparency is a prerequisite for ensuring widespread confidence in the management of the Government Pension Fund. The Ministry gives an account of the management of the Fund in an annual report to the Storting, as well as in the National Budget.

NOU 2022: 12 - The Fund in a changing world

The Government Pension Fund Global and new economic and political developments

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.

Norway to increase support to Ukraine and provide military equipment

The Norwegian Government has allocated up to NOK 2 billion for humanitarian assistance to Ukraine, and will provide military equipment such as helmets and bulletproof vests to the war-torn country. The Government will also align itself with the

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

NOU 2020: 7 - Values and Responsibility

The Ethical Framework for the Norwegian Government Pension Fund Global

Report on long term perspectives for the Government Pension Fund Global submitted by committee

Today, a committee that has been reviewing long term perspectives for the Government Pension Fund Global (GPFG) submitted its report, NOU 2022: 12 The Fund in a changing world, to the Ministry of Finance. The committee was chaired by Ulf Sverdrup,

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. 9 (2021–2022) - The Government Pension Fund 2022

Chapter 1

Meld. St. 26 (2016–2017) - The Management of the Government Pension Fund in 2016

Meld. St. 26 (2016–2017) Report to the Storting (white paper)

NOU 2016: 20 - Official Norwegian Report – The Equity Share of the Government Pension Fund Global

Unofficial translation of chapter 1

NOU 2017: 13 - New central bank act

Meld. St. 14 (2018–2019) - Energy Stocks in the Government Pension Fund Global

Fund Performance

GPFG annual geometric average return. Measured in the currency basket. Per cent 2023 Last 5 years Last 10 years Last 20 years GPFG Portfolio 13,09 7,44 7,25 6,71 Benchmark index 13,53 7,15 6,99 6,52 Excess return (percentage points)1 -0,45 0,29 0,26

Investment Strategy

The objective of Fund investments is to achieve the highest possible return over time, given an acceptable level of risk. The Fund shall be managed responsibly within this overarching financial objective.

Norwegian Government Pension Fund and the Santiago principles

Norway supports the international guidelines for sovereign wealth funds, the so called Santiago-principles or Generally Accepted Practices and Principles for Sovereign Wealth Funds (GAPP).