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Article

4 Apr 2014

Author:
Ministry of Finance, Norway

A sound and responsible management of the Government Pension Fund [Norway]

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Openness and ethical awareness are key features of the Fund. - In the Report we present plans to strengthen the strategy for responsible investments, says finance minister Siv Jensen. Based on the recommendations from the 2013 Strategy Council and advice received through the public concultation process, we plan to reorganise the work. We will integrate the current ethical exclusion criteria in the management mandate to Norges Bank. Openness about ethical exclusions of companies will still be a key feature in the management of the Fund. The Ministry will appoint a new group of experts which shall assess Norges Bank's work in this particular area...I think the changes will give better results and a more efficient and consistent use of available resources. At the same we take steps to strengthen the legitimacy of the ethical side to the management, says finance minister.