Norwegian Fund Owns 1 percent of All Stocks

The Norwegian Pension Fund owns just over 1 percent of all global stocks. Ensuring good returns over time is important to secure the future – but not at any price. 

The assets in the Government Pension Fund stem from oil and gas revenues and it belongs to the future generations. The assets are therefore safeguarded to secure the future of the welfare state. 

See here how much he fund has invested in each country in Asia: 

The Government views four areas as central when it comes to corporate social responsibility in international operations. Companies should: 

Respect human rights in all their operations.
Respect the rights of employees and create decent working conditions.
Protect the environment and the climate.
Engage in fighting corruption and increasing transparency about a company’s operations and their impact on people and the environment. 

In Norway, all companies are expected to respect these values in their business activities, both in Norway and abroad. The same key areas provide a basis for the Government Pension Fund’s ethical guidelines. It is the Norwegian government’s view that state-owned enterprises must lead the way on CSR-action.

The size of the Government Pension Fund entails a significant and influential voice in the global market. In 2004 The Government took an official stand to what this voice should communicate by issuing the ethical guidelines for the fund and appointing an Advisory Council on Ethics. 

The background for this is the belief that as an investor, the state also shares the responsibility on how the companies, in which the fund invests, conduct, what they produce and their impact on the local community.

A year ago a new set of guidelines was implemented. The guidelines are specific on how the fund is to be managed.

The Norwegian Pension Fund was set up in 1990 as a fiscal policy tool to support long-term management of Norway’s petroleum revenue. Norges Bank Investment Management (NBIM) manages the fund on behalf of the Ministry of Finance, which owns the fund on behalf of the Norwegian people.

The market value of the Pension Fund is updated every second, 24 hours a day, and published at the homepage of NBIM.

About Gregers Møller

Editor-in-Chief • ScandAsia Publishing Co., Ltd. • Bangkok, Thailand

View all posts by Gregers Møller

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