BANKS DODGY DEALS CAMPAIGNS
About BankTrack
Visit us
Organisation
Our team
Our board
Guiding principles
Team up with us
Jobs at BankTrack
Our annual reports
Funding and finances
History
BankTrack in the media
Our privacy policy
Donate
2023-03-17 00:00:00
Briefing: The role of financial institutions in decarbonising the steel sector
2023-03-09 00:00:00
Dutch bank ING supports controversial pipeline to import gas from authoritarian Azerbaijan
2023-02-23 00:00:00
Financial institutions need to address steelmaking’s coal addiction
2023-02-07 00:00:00
What COP15 means for banks: meeting the Global Biodiversity Framework requires protecting Indigenous rights and divesting from harmful industries
2023-03-20 08:50:41
Who dares to finance Eni and Exxon’s dangerous Rovuma gas plans in Mozambique?
2023-03-14 14:59:00
New ING policy could spark bank shift away from financing oil and gas infrastructure
2023-02-24 13:46:14
Pego power station conversion plans halted
2022-12-14 11:08:26
HSBC announces it will no longer finance new oil and gas fields
Connect
2022-11-22 00:00:00
Banking on Thin Ice: Two years in the heat
2022-11-17 00:00:00
BankTrack Global Human Rights Benchmark 2022
2022-10-21 00:00:00
Burning forests in the name of clean energy? How banks are failing to exclude the harmful wood biomass industry from finance
2022-06-28 00:00:00
The East African Crude Oil Pipeline (EACOP): Finance Risk Update No. 3
2022-04-05 00:00:00
The BankTrack Human Rights Benchmark Asia
2022-03-30 00:00:00
Banking on Climate Chaos 2022
See all publications
Sections
Banks Dodgy Deals Campaigns
Our campaigns
Banks and Climate
Banks and Human Rights
Banks and Nature
Banks and Pandemics
Our projects
Tracking the NZBA
Banks and Putin's war in Ukraine
Tracking the Equator Principles
Tracking the PRBs
Find a Better Bank
Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
About BankTrack Visit us Organisation Our team Our board Guiding principles Team up with us Jobs at BankTrack Our annual reports Funding and finances History BankTrack in the media Our privacy policy Donate
Successes Contact BankTrack
Donate Mailing list Facebook Twitter Login
Home › Banks ›
Bank
Norges BankNorway

Active

This profile is actively maintained
Last update: 2023-03-02 15:52:17
Norges Bank head office in Oslo. Photo: User:Mahlum via Wikimedia Commons Public Domain

Active

This profile is actively maintained
Last update: 2023-03-02 15:52:17
About
Website http://www.norges-bank.no
Headquarters
Bankplassen 2
0151 Oslo
Norway
CEO/chair Ida Wolden Bache
Governor and Chair of the Executive Board
Supervisor
Ownership

Norges Bank is owned by the Norwegian state.

Norges Bank, established in 1816, is the central bank of Norway. The bank does not offer any banking services to the general public. Its mandate is to promote economic stability in Norway. Norges Bank has executive and advisory responsibilities in the area of monetary policy and is responsible for promoting robust and efficient payment systems and financial markets. Norges Bank, via its subsidiary Norges Bank Investment Management, manages Norway's foreign exchange reserves and the Government Pension Fund Global, also known as the Oil Fund, which was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. This is the largest sovereign wealth fund in the world.

Sustainability
Commitments
Policies
Voluntary standards

Norges Bank's most important sustainability commitments can be found at the website sections listed below.

Links

Responsible investment

2023-02-22 00:00:00

Observation and exclusion of companies

As of Feb 22nd 2023
Bank policy
2023-02-22 00:00:00 | Norges Bank Investment Management
2021-09-02 00:00:00

Exclusion of companies Elco, Ashtrom Group, Electra and Oil & Natural Gas Corp.

Exclusion due to unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations of war or conflict
Bank policy
2021-09-02 00:00:00 | Norges Bank Investment Management
2020-04-16 00:00:00

Climate change - expectations of companies

Bank policy
2020-04-16 00:00:00 | Norges Bank Investment Management
2020-04-16 00:00:00

Human rights policy

Date listed represents date as accessed on website
Bank policy
2020-04-16 00:00:00 | Norges Bank Investment Management
2020-03-31 00:00:00

Water management - expectations of companies

Bank policy
2020-03-31 00:00:00 | Norges Bank Investment Management
2020-01-29 00:00:00

Children's rights - expectations of companies

Bank policy
2020-01-29 00:00:00 | Norges Bank Investment Management
2020-01-29 00:00:00

Tax transparancy - expectations of companies

Bank policy
2020-01-29 00:00:00 | Norges Bank Investment Management
2020-01-29 00:00:00

Anti-corruption - expectations of companies

Bank policy
2020-01-29 00:00:00 | Norges Bank Investment Management
2020-01-29 00:00:00

Ocean sustainability - expectations of companies

Bank policy
2020-01-29 00:00:00 | Norges Bank Investment Management
2019-01-03 00:00:00

Divestments policy

Bank policy
2019-01-03 00:00:00 | Norges Bank Investment Management
2017-02-10 00:00:00

Guidelines for observation and exclusion of companies

(ethical guidelines from the Norwegian Ministry of Finance)
Bank policy
2017-02-10 00:00:00 | Norges Bank
Norges Bank has committed itself to the following voluntary standards:
Extractive Industries Transparency InitiativeTags: oil and gas | mining and processing | transparency
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Taskforce on Nature-related Financial Disclosures (TNFD)Tags: corporate social responsibility | finance
United Nations Global CompactTags: United Nations | human rights
Dodgy Deals

Norges Bank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Norges Bank's link to these deals.

News
BankTrack
Partners
Blog
External
Blog
BankTrack news BankTrack blog Partner news Partner blog

Big European financial institutions invest heavily but turn a blind eye to human rights abuses in Qatar

2022-11-07 | Fair Finance International
BankTrack news BankTrack blog Partner news Partner blog

Norges Bank has decided to exclude four companies from the Government Pension Fund Global

Exclusion of companies Elco, Ashtrom Group, Electra and Oil & Natural Gas Corp. due to unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations of war or conflict
2021-09-02 | Norway | Norges Bank Investment Management
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous Women Leaders warn global financial companies to stop support for tar sands oil

With key financial decision points looming on the Keystone XL, Line 3, and Trans Mountain pipelines, an open letter calls for policies respecting Indigenous rights and ruling out tar sands
2020-10-19 | First Peoples Worldwide, Giniw Collective, Honor the Earth, Indigenous Climate Action, Indigenous Environmental Network, Tiny House Warriors, Unist
BankTrack news BankTrack blog Partner news Partner blog

Norway to Divest €5 Billion from Coal Giants like Glencore and RWE

2019-06-11 | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

Fool’s Gold – €16bn for Europe’s biggest climate polluters

2019-05-21 | Berlin | Europe Beyond Coal
BankTrack news BankTrack blog Partner news Partner blog

Amnesty: The oil fund company supported army that ran ethnic cleansing

(article in Norwegian)
2018-06-14 | E24
BankTrack news BankTrack blog Partner news Partner blog

Norway’s Wealth Fund Votes to Defy Paris Climate Accord

2018-05-23 | Sputniknews.com
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs Slam Expert Group’s Report on Coal and Oil Investments of the Norwegian Government Pension Fund

2014-12-04 | Oslo | urgewald
Blog
BankTrack news BankTrack blog Partner news Partner blog

NGOs release Damning Report on Norwegian Government Pension Fund’s Coal Investments

2014-11-25 | Oslo | urgewald
BankTrack news BankTrack blog Partner news Partner blog

RPT-Norway's opposition wants $800 bln wealth fund banned from coal

2013-11-06 | Reuters
Resources
Documents
Links
2023-02-22 00:00:00

Observation and exclusion of companies

As of Feb 22nd 2023
Bank policy
2023-02-22 00:00:00 | Norges Bank Investment Management
2022-06-06 00:00:00

Annual report 2021

Annual report
2022-06-06 00:00:00 | Norges Bank
2021-09-02 00:00:00

Exclusion of companies Elco, Ashtrom Group, Electra and Oil & Natural Gas Corp.

Exclusion due to unacceptable risk that the companies contribute to systematic violations of individuals’ rights in situations of war or conflict
Bank policy
2021-09-02 00:00:00 | Norges Bank Investment Management
2021-08-24 00:00:00

Investing in troubled waters

The material risks of fish mortality and the use of wild-caught fish in feed for the aquaculture sector
NGO document
2021-08-24 00:00:00 | Feedback, Changing Markets Foundation, CFFA, and WSRW
2021-04-08 00:00:00

Annual report 2020

Annual report
2021-04-08 00:00:00 | Norges Bank
2020-04-16 00:00:00

Annual report 2019

Annual report
2020-04-16 00:00:00 | Norges Bank
2020-04-16 00:00:00

Climate change - expectations of companies

Bank policy
2020-04-16 00:00:00 | Norges Bank Investment Management
2020-04-16 00:00:00

Human rights policy

Date listed represents date as accessed on website
Bank policy
2020-04-16 00:00:00 | Norges Bank Investment Management
2020-03-31 00:00:00

Water management - expectations of companies

Bank policy
2020-03-31 00:00:00 | Norges Bank Investment Management
2020-01-29 00:00:00

Children's rights - expectations of companies

Bank policy
2020-01-29 00:00:00 | Norges Bank Investment Management
2020-01-29 00:00:00

Tax transparancy - expectations of companies

Bank policy
2020-01-29 00:00:00 | Norges Bank Investment Management
2020-01-29 00:00:00

Anti-corruption - expectations of companies

Bank policy
2020-01-29 00:00:00 | Norges Bank Investment Management
2020-01-29 00:00:00

Ocean sustainability - expectations of companies

Bank policy
2020-01-29 00:00:00 | Norges Bank Investment Management
2019-04-30 00:00:00

Annual report 2018

Annual report
2019-04-30 00:00:00 | Norges Bank
2019-04-30 00:00:00

Responsible investment 2018

Bank document
2019-04-30 00:00:00 | Norges Bank Investment Management
2019-01-03 00:00:00

Divestments policy

Bank policy
2019-01-03 00:00:00 | Norges Bank Investment Management
2018-04-01 00:00:00

Annual report 2017

Annual report
2018-04-01 00:00:00 | Norges Bank
2018-03-31 00:00:00

Responsible investment Government pension fund global 2017

Bank document
2018-03-31 00:00:00 | Norges Bank Investment Management
2017-02-10 00:00:00

Guidelines for observation and exclusion of companies

(ethical guidelines from the Norwegian Ministry of Finance)
Bank policy
2017-02-10 00:00:00 | Norges Bank
2015-04-08 00:00:00

Annual Report 2014

Annual report
2015-04-08 00:00:00 | Norges Bank
2014-01-01 00:00:00

Annual Report 2013

Annual report
2014-01-01 00:00:00 | Norges Bank

Norges Bank Investment Management website

Accountability

This page evaluates Norges Bank's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 200

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 200
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 318
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once


Average

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 209

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 209
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 318
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN%
NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 217

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 217
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 318
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 220

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 220
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 318
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN

A PHP Error was encountered

Severity: Warning

Message: Division by zero

Filename: bankprofile/response_tracking.php

Line Number: 223

Backtrace:

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/response_tracking.php
Line: 223
Function: _error_handler

File: /home/btwebhost/www/btci3/application/helpers/easy_helper.php
Line: 366
Function: view

File: /home/btwebhost/www/btci3/application/views/sections/bankprofile/main.php
Line: 353
Function: lv

File: /home/btwebhost/www/btci3/application/libraries/sections/Bankprofile.php
Line: 483
Function: view

File: /home/btwebhost/www/btci3/application/controllers/Main.php
Line: 318
Function: content

File: /home/btwebhost/www/btci3/index.php
Line: 321
Function: require_once

NAN
Send feedback on this profile
Sections
Banks Policies Dodgy Deals Campaigns
Our campaigns
Banks and Climate Banks and Human Rights Banks and Nature Banks and Pandemics
Our projects
Tracking the NZBA Banks and Putin's war in Ukraine Tracking the Equator Principles Tracking the PRBs Find a Better Bank Banks and the OECD Guidelines
Media
News Publications
Fossil Banks No Thanks StopEACOP Forests & Finance Banks & Biodiversity Drop JBS Bank of Coal Don't Buy into Occupation
BankTrack
About BankTrack Visit us Organisation Our team Our board Guiding principles Team up with us Jobs at BankTrack Our annual reports Funding and finances History BankTrack in the media Our privacy policy Donate
Successes Contact BankTrack
Vismarkt 15
6511 VJ Nijmegen
The Netherlands
Tel: +31 24 324 9220
Contact@banktrack.org
Donate Mailing list Facebook Twitter
©2022 BankTrack
BankTrack is a registered charity in the Netherlands (ANBI) - RSIN 813874658
Find our privacy policy here

Stay up to date

Sign up now for all BankTrack's news


Make a comment

Your comment will be reviewed, before being posted