Responsible investment 2019

2019 was a busy year where we raised a range of key issues for long-term value creation with companies in the portfolio. All in all, we engaged with 1,826 companies. Availability of relevant information is crucial for our work. We assessed 2,296 companies’ reporting on the basis of our seven expectation documents. It can be challenging to assess and compare companies since there is no single standard covering all relevant information.

Published: 3 March 2020
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11,518
shareholder meetings voted at

Voting is one of the most important tools we have as a shareholder for safeguarding the fund's assets. We voted at 11,518 shareholder meetings in 2019.

97.8
percent voted at

We aim to vote at all shareholder meetings at companies in our portfolio. We voted at 97.8 percent of the company shareholder meetings in 2019.

3,412
company meetings

As a long term investor, we engage in regular dialogue with our largest companies. The aim is to promote good corporate governance and responsible business practices.

Divestments in 2019

In 2019, we divested from 42 companies following assessment of environmental, social and governance risks. Altogether we have divested from 282 companies since 2012.

42
new divestmens

Norges Bank makes decisions on the observation and exclusion of companies after receiving a recommendation from the Council of Ethics. Norges Bank excluded five companies and revoked the exclusion of seven companies in 2019.

5
excluded companies
7
revoked company exclusions

Company follow-up

3,941
assessments of company reporting
2,296
companies assessed

In 2019, we conducted 3,941 assessments of the reporting of 2,296 companies on the basis of our seven expectation documents on children's right's, climate change, water management, ocean sustainability, human right's, tax and transparency and anti-corruption.

107,569
equity portfolio carbon footprint. Thousand tonnes CO2 equivalents

We have been analysing the carbon footprint of companies in our portfolio since 2015. This provides an insight into the level of carbon emissions from the companies in which we are invested. It can also shed a light on risks and opportunities across industries.

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