Latest Norway News
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Norway’s SWF recoups some green energy infrastructure losses in Q3
NBIM reports 4.4% return for GPFG between July and September, as falling interest rates propel stock markets
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Danish competition watchdog calls for auto-transfer of dormant pensions
Smaller dormant accounts at risk of being entirely lost to administration fees, authority says in new report
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NBIM revokes coal-based blacklistings as firms reduce exposure
Norwegian SWF ends observation status for Australia’s BHP Group and US utility Southern Co and brings five excluded stocks back into investment universe
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Norwegian SWF dumps €705m General Dynamics stock in new blacklisting
NBIM announces €1bn of exclusions from its investment universe, in latest batch of companies falling foul of the GPFG’s ethical guidelines
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Norway’s SWF underperforms and sees declining returns in second half
Equities were only asset class to produce positive returns for GPFG between January and June, interim report shows
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NBIM devises corporate disclosure set around online risks for children
Norwegian SWF manager works with UNICEF to highlight companies’ impact on children’s rights through their digital activities
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Norway’s KLP defence risks blurring all procurement rules, says Storebrand
Government ‘seems to be picking a fight with Brussels’ by rejecting ESA’s backing of complaint over lack of mandatory municipal pensions tendering, Hippe says
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NBIM seeks research proposals to strengthen understanding of climate
Investment giant suggests topics could include the impact of financial decisions on real-world outcomes
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APG to bring in new human rights policy to improve NGO assessment
KLP and PGGM also deemed ‘misaligned with societal expectations’
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New nature investment coalition inspired by pension-backed initiative
The Nature Investment Coalition (NIC) aims to replicate the success of a climate counterpart that drew €120bn in commitments from pension funds
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NBIM opts for talks with Bolloré despite own council’s divestment advice
Companies should have policies to respect human rights in supply chains as well as own operations, says Norwegian sovereign wealth fund manager
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Norway domestic SWF recommends 3% annual withdrawals
Folketrygdfondet defines a level of withdrawal which would allow the NOK365bn GPFN to retain its real-terms value
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Norwegian municipal pension funds beat dominant provider KLP in Q1
KLP acknowledges recent customer losses, but says is developing its offering in line with client feedback
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Swedish pension funds push Tesla AGM to adopt workers’ rights
AMF to back AGM proposal filed by Folksam and others, and takes aim at Apple’s worker rights behaviour too
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Norwegian oil fund drops $400m of stocks on war-linked grounds
NBIM follows advice from its Council on Ethics, and banishes L3Harris, Adani unit and Weichai Power, divesting nearly $400m
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Finance minister defends Norway’s increased SWF spending
In revised 2024 budget presented today, Trygve Slagsvold Vedum proposes spending NOK418.7bn of the GPFG money, sticking to higher level of oil money use
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Former NBIM chief advocates for more flexibility in investment management
Knut Kjaer compares the managment of NBIM with the CPPIB and the Government of Singapre Investment Corporation
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Sampension, KLP says Shell conceded over lobbying after its efforts
Danish, Norwegian pension funds linked up with ACCR to file shareholder proposal for transparency over oil giant’s EM climate and energy lobbying
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NBIM misses benchmark in Q1 on drag from real estate
Tangen boasts biggest-ever quarterly gain in kroner for the Norwegian sovereign wealth fund
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Tangen’s hopes dashed for SWF’s timely private equity debut
Norwegian government refuses to allow NBIM to add unlisted equity to GPFG’s asset mix for now, but moves to gather more information on the idea