Follow us:
About us| Blog| Publications| Victories| Contact us Donate
Banks Dodgy Deals Map Campaigns

BankTrack is the international tracking, campaigning and support organisation focused on banks and the activities they finance.

We aim to promote fundamental changes in the banking sector so that banks adopt just and sustainable business practices.

About BankTrack

2019-01-24 00:00:00
Who’s banking the Coastal GasLink pipeline?
2018-12-20 00:00:00
Banks massively financing fossil fuels unclear about future of ... fossil fuels
2018-12-20 00:00:00
Banks must show their teeth to tackle cocoa abuses
2018-12-13 00:00:00
Where are Japan’s banks in the climate conversation?
Connect
2018-12-05 00:00:00
Coal plant developers: 2018 research analysis
2018-07-05 00:00:00
Developing effective Grievance Mechanisms in the banking sector
2018-03-28 00:00:00
Banking on Climate Change
2018-03-26 00:00:00
BankTrack Annual Report 2017
2017-12-11 00:00:00
Banks vs. the Paris Agreement
2017-12-08 00:00:00
How banks contribute to human rights violations
See all publications
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact us
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Home › Bank profiles
Norges BankNorway
About
Policies
Dodgy Deals
Dodgy Deals Map
Documents
News
Links

Created before Nov 2016
Last update: 2018-06-15 15:27:39

Share this page:

Norges Bank head office in Oslo. Photo: User:Mahlum via Wikimedia Commons Public Domain

About Norges Bank

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.

Website http://www.norges-bank.no
Headquarters
Bankplassen 2
0151 Oslo
Norway
CEO/chair Øystein Olsen
Chairman
Supervisor
Annual report Annual report 2017
Ownership

Norges Bank is owned by the Norwegian state.

Related Dodgy Deals

Norges Bank has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.

Projects - active profiles

Israeli illegal settlements Israel profile

Construction | transport and infrastructure
Equity – share owner/manager
USD 8.2 million
Norges Bank owns and manages shares in the First International Bank of Israel (through its subsidiary Norwegian Government Pension Fund), which is active in the Israeli settlements
source: www.11.be
link
Equity – share owner/manager
USD 17.6 million
Norges Bank owns and manages shares in Mizrahi Tefahot (through its subsidiarity Norwegian Government Pension Fund), which is active in Israeli settlements.
source: www.11.be
link
Equity – share owner/manager
USD 59.0 million
Norges bank owns and manages shares in Bank Leumi (through its subsidiary Norwegian Government Pension Fund), which is active in the Israeli settlements.
source: www.11.be
link
Equity – share owner/manager
USD 64.7 million
Norges Bank owns and manages shares in Bank Hapoalim (through its subsidiary Norwegian Government Pension Fund), which is active in the Israeli settlements
source: www.11.be
link
Equity – share owner/manager
USD 75.8 million
Norges Bank owns and manages shares in the Israeli Discount Bank (through its subsidiary Norwegian Government Pension Fund), which is active in the Israeli settlements
source: www.11.be
link
There are no active projects for Norges Bank now.

Companies - active profiles

RWE Germany profile

energy plants - coal | energy plants - nuclear | mining - coal
Equity – share owner/manager
EUR 53.8 million
source: Thomson ONE Banker database.
There are no active companies for Norges Bank now.

Companies - on record profiles

Areva France profile

energy plants - nuclear | energy plants - renewables | mining - non coal | nuclear industry
Equity – share owner/manager
EUR 10.8 million
source: Reuters3000 financial database

BHP Billiton Australia profile

mining - coal | mining - non coal | oil and gas
Equity – share owner/manager
EUR 9 million
source: Annual Report 2008, BHP Billiton, September 2008; Website ADR.com; Thomson ONE database.

Coal of Africa Australia profile

mining - coal
Uncategorised

Eletrobras Brazil profile

energy distribution | energy efficiency | energy plants - biomass | energy plants - dams | energy plants - nuclear | energy plants - ocean energy | energy plants - solar | energy plants - thermoelectric | energy plants - wind | energy transmission
Equity – share owner/manager
EUR 8.7 million
source: Thomson ONE Banker database.

Sime Darby Malaysia profile

agriculture - palm oil
Uncategorised
EUR 97.21 million
31 December 2012
shares/bonds underwriter or manager - through the Governent Pension Fund Global
source: Profundo report 2013

Dodgy Deals map

Show:

Select sectors:

News

| |
Type:
Year:
blog
external news
our news

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

(article in Norwegian)
2018-06-14 | E24
blog
external news
our news

Norway’s Wealth Fund Votes to Defy Paris Climate Accord

2018-05-23 | Sputniknews.com
blog
external news
our news

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

2014-12-04 | Oslo | urgewald
blog
external news
our news

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

2014-11-25 | Oslo | urgewald
blog
external news
our news

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

2013-11-06 | Reuters

Documents

| | | | | | | | | | | |
Type:
Year:
csr policies
2018-06-15 00:00:00

Children's rights - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-06-15 00:00:00

Water management - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-06-15 00:00:00

Climate change strategy - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-06-15 00:00:00

Human rights - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-06-15 00:00:00

Anti-corruption - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
annual reports
2018-04-01 00:00:00

Annual report 2017

2018-04-01 00:00:00 | Norges Bank
bank documents
2018-03-31 00:00:00

Responsible investment Government pension fund global 2017

2018-03-31 00:00:00 | Norges Bank Investment Management
csr policies
2018-01-16 00:00:00

Observation and exclusion of companies

2018-01-16 00:00:00 | Norges Bank Investment Management
annual reports
2015-04-08 00:00:00

2014 Annual Report

2015-04-08 00:00:00 | Norges Bank
annual reports
2014-01-01 00:00:00

Norges 2013 Annual Report

2014-01-01 00:00:00

Links

Norges Bank Investment Management website

https://www.nbim.no/

Policies

Voluntary initiatives

Norges Bank has committed itself to the following voluntary standards:
  • Extractive Industries Transparency Initiative
  • Principles for Responsible Investment
  • United Nations Global Compact

Investment policies

Norges Bank Investment Management's webpage on corporate social responsibility can be accessed here.

Year:
csr policies
2018-06-15 00:00:00

Children's rights - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-06-15 00:00:00

Water management - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-06-15 00:00:00

Climate change strategy - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-06-15 00:00:00

Human rights - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-06-15 00:00:00

Anti-corruption - expectations towards companies

2018-06-15 00:00:00 | Norges Bank Investment Management
csr policies
2018-01-16 00:00:00

Observation and exclusion of companies

2018-01-16 00:00:00 | Norges Bank Investment Management

Good moves

Year:
Browse
Home
Banks
Dodgy Deals
Map
Campaigns
About
About BankTrack
Donate
Contact us
Publications
Victories
Follow Us
News
BankTrack blog
Facebook page
Twitter channel
Vismarkt 15
6511 VJ Nijmegen
The Netherlands

Tel: +31 24 324 9220
Contact@banktrack.org
©2016 BankTrack                Webdesign by BankTrack and EASYmind
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