2022 was a year marked by both high activity and several new initiatives for our responsible investment work. For the first time, we also publish a full list of all the company meetings we have had.
Today, we have published our ninth report on responsible investment.
Climate change was high on the agenda also in 2022. We launched our 2025 Climate action plan, where we set out actions targeted at driving portfolio companies towards net zero emissions by 2050. We will actively push them towards this target.
"We prioritise the largest emitters, and these account for about 70 percent of the emissions in the portfolio. Climate considerations is always part of the engagements we have with these companies. Among several topics, we discuss the companies’ climate targets, transition plans and emission pathways. We set concrete goals and follow the progress over time", says Carine Smith Ihenacho, Chief Governance and Compliance Officer.
In 2022, the fund had 2,911 company meetings. In the dialogue with the companies, we emphasized good corporate governance, including how the boards manage risks and opportunities related to ESG.
In addition to climate, biological diversity, tax and transparency and human rights were central topics.
And now we are increasing our transparency when it comes to the company dialogue.
"Transparency about our work is important. We now publish a full list of all company meetings on ESG. In addition, we report more extensively about the outcomes of our work", says Smith Ihenacho.
Press contacts:
Marthe Skaar
Acting Chief of Communications and External Relations, Norges Bank
Phone: +47 926 17 663
Line Aaltvedt
Head of Media and Internal Communications
Phone: +47 948 54 656
E-mail: press@nbim.no
2022 was a year marked by both high activity and ambitious new initiatives for our responsible investment work. We became even more transparent, we published the full list of our company meetings, and we reported more on the outcomes of our work. During the year, we held 2,911 company meetings, voted on 117,392 resolutions and continued to integrate ESG data in our investment processes. This is how we build wealth for future generations.