Women in finance
We work actively to increase the share of women in the organisation as a whole and in management positions.
We want more women in finance
Norges Bank is one of the founding partners behind Norway’s Women in Finance Charter, which aims to increase the proportion of women in leadership positions in the finance industry. As a signatory to the charter, we have made a commitment to set internal targets for gender balance in leadership and senior positions.
The charter is owned by the industry itself via the trade associations Finance Norway, the Norwegian Venture Capital & Private Equity Association, the Norwegian Securities Dealers Association and the Norwegian Fund and Asset Management Association. The project is managed by FutureBoards AS.
Working with gender balance isn’t politics, it’s logic. At the fund we will work continuously to improve diversity in leadership and strategically important positions", says CEO Nicolai Tangen.
Four principles
As a signatory to the charter, we have made a commitment to set internal targets for gender balance in leadership and senior positions.
1. Set internal targets for gender balance at senior management level
Norges Bank's objective is to have at least 40 percent women at Norges Bank as a whole, and a long-term goal of a gender balance at senior management level and specialist functions of 40 percent.
| Gender balance by management level. 31.12.2024 | Women | Men |
|---|---|---|
|
Management level 1 (Chief)
|
55%
|
45%
|
|
Management level 2 (Global Head)
|
13%
|
87%
|
|
Management level 3 (Head)
|
31%
|
69%
|
|
Specialised positions (level 4 and 5)
|
22%
|
78%
|
2. Have a senior manager with dedicated responsibility for this work
Governor Ida Wolden Bache is responsible for work on gender balance at Norges Bank Central Banking Operations and Norges Bank Administration, while the fund’s CEO Nicolai Tangen has this responsibility at Norges Bank Investment Management. All managers are responsible for ensuring a good gender balance in their own team.
3. Report publicly on progress
Progress towards the targets will be monitored and published in Norges Bank’s annual report.
4. Link executive pay to performance against these targets
This will be one of the elements on which managers are assessed at Norges Bank.
Norges Bank aims to recruit more women to executive positions, and we believe that the Women in Finance Charter can play a crucial role in reaching this objective", says Governor Ida Wolden Bache.
Women's Investment Club
Women’s Investment Club is a student-driven initiative set up at several top universities across Norway and abroad. The mission is to inspire, educate and empower female students to explore and pursue careers in finance and investing. The club aims to provide a supportive and collaborative environment where women can learn from each other. The club also strives to increase the visibility and representation of women in the finance industry.