Government Pension Fund of Norway

Norwegian sovereign-wealth fund

Follow Government Pension Fund of Norway on Notably News to receive short updates to your email — rarely!

March 8 2022 Excluded Li-Ning for human rights abuse.
December 1 2021 Carine Smith Ihenacho, head of Governance and Compliance, announced that portfolio companies will be asked to take more specific action on climate change.
March 2021 The Government Pension Fund began examining whether companies in its portfolio used forced labor from Xinjiang internment camps.
November 14 2019 Excluded G4S for serious or systematic human rights violations.
2017 Norway's population reaches 5.2 million people, highlighting the context of the Government Pension Fund's size relative to the national population.
2016 Norges Bank decided to exclude 52 coal companies from the fund.
September 30 2016 Reinstatement of ST Engineering to the fund.
September 7 2016 Excluded Duke Energy and 3 subsidiaries due to risk of severe environmental damage.
June 2015 Total of $900 billion in coal assets were agreed to be sold, with the largest holding being UK's SSE at $956 million.
2014 Fund divested from 53 coal companies worldwide, including 16 in the US, 13 in India, and 3 in China, reducing coal holdings by 5% to $9.7 billion.
December 2014 Reinstatement of Dongfeng Group to the fund.
May 2014 The Central Bank governor proposed raising the stock investment rate to 70 percent.
March 2014 Parliament appointed a panel to investigate potential divestment of coal assets, with recommendations released in December 2014 suggesting corporate engagement over complete divestment.
April 2013 In the second quarter, the sovereign fund became more active in corporate governance, voting in 6,078 general meetings and 239 shareholder proposals on environmental and social issues.
March 2 2013 Reinstatement of United Technologies Corp. to the fund.
January 11 2013 Excluded Babcock & Wilcox and Jacobs Engineering Group for production of nuclear arms.
January 11 2013 Reinstatement of BAE Systems plc, Finmeccanica S.p.A., and FMC Corporation to the fund.
February 2012 An investigation revealed Norway had invested over $2 billion in 15 technology companies involved in communication surveillance technologies in countries like Iran, Syria, and Burma.
December 6 2011 The Government Pension Fund of Norway placed Alstom under observation due to risk of gross corruption, signaling the fund's approach to ethical investment screening.
September 30 2011 Fund excludes FMC Corporation for production of phosphate in the occupied territories of Western Sahara.
April 2011 The Norwegian Ministry of Finance forecasted that the fund would reach $1 trillion by the end of 2019 in a parliamentary white paper.
January 2011 The foreign currency purchasing practice was suspended.
January 31 2011 The fund announced that its foreign currency suspension would continue into February.
2010 Norwegian government planned to begin investing up to 5 percent of the fund in real estate.
November 2010 The fund increased its daily foreign currency purchases to 800 million kroner.
October 2010 The Government Pension Fund of Norway began spending 600 million Norwegian kroner (approximately $136.4 million) daily on purchasing foreign currencies.
August 24 2010 Excluded Africa Israel Investments and Danya Cebus for violation of international humanitarian law in occupied Palestinian territory by being involved in developing settlements.
January 19 2010 Excluded multiple tobacco companies including Alliance One International, Altria Group, British American Tobacco, Imperial Tobacco Group, Philip Morris International, and others for tobacco production.

This contents of the box above is based on material from the Wikipedia article Government Pension Fund of Norway, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.

See Also