Norges Bank Investment Management

We are the most transparent fund in the world! 🥇 The fund is awarded the world’s most transparent fund for the second year in a row, in the Global Pension Transparency Benchmark by CEM Benchmarking Inc. and Top1000funds.com 🎉 The benchmark focuses on 185 questions across responsible investing, performance, costs and governance. We received a perfect score of 100 points in all categories ✨ Winning this ranking in competition with 74 other global pension funds is a great inspiration as it requires a high level of transparency. We strongly believe transparency is key to be trusted by our owners, the Norwegian people. As an investor, transparency also allows us to be more influential towards the 9,000 companies we invest in. The aim of the fund is to ensure a long-term management of revenue from Norway’s oil and gas resources, so that this wealth benefits both current and future generations. We contribute to well over 20% of the national budget of Norway, every year. Read all results in detail about how we are the world's most transparent fund in 2024: https://lnkd.in/djUgwDts #NorgesBankInvestmentManagement #Oljefondet #Norway #NBIM #SWF #transparency  #award  #prize #CEM #top1000funds

Can our financial wealth be safeguarded by AI?🤖💰 Can it be managed by AI?📊🧠 Can the fund be attacked by AI?💥🔐 Our Head of Cyber Security Centre, Astri Marie Ravnaas, talked more about threats and opportunities with #AI at the tech conference Attack konferansen in Oslo, Tuesday 🔍💸 “With a value of 19 trillion kroner, we have nowhere to hide”, she says. Astri elaborates that “the biggest threats we are facing are financial risks, information leaks, reputational risks and supply chain attacks.” The latter is a new type of risk, the head explains. “Technology is more linked to geopolitics than ever before” 🌍 Can the fund be attacked by AI? Astri says “Unequivocally yes”. And can the fund be safeguarded and managed by AI? “We’re currently facing a race between “good AI” and “bad AI”. May the best win”, she concludes 👩💻 #tech #attack #oljefondet #NBIM #NorgesBankInvestmentManagement

Exciting news! 🎉 We’ve acquired a 97.7 percent interest in an office property located in the San Francisco Bay Area. Our $217 million investment secures a 97.7% ownership interest, with the property comprising 133,449 square feet of office space 🏢 Divco acquired the remaining 2.3% interest in the property and will manage the asset through one of its subsidiaries on behalf of the joint venture. The agreement was signed and completed on 28 October 2024✍️✅ #oljefondet #realestate #NorgesBankInvestmentManagement #SanFrancisco #USA

Fund’s value at 18,870 billion kroner - positive return across all asset classes in the third quarter 📈 "We had a positive return across all our investment areas. Falling interest rates led to a broad rise in the stock market”, says Deputy CEO Trond Grande. Market value was up by 835 billion Norwegian kroner in Q3, and the fund returned 4.4 percent from July to September. The aim of the fund is to ensure a long-term management of revenue from Norway’s oil and gas resources, so that this wealth benefits both current and future generations. Inflows from the Ministry of Finance into the fund amounted to 99 billion kroner in the third quarter. 📊 Returns on asset classes: Equity investments 4.5% Fixed income 4.2% Unlisted real estate 0.8% Unlisted renewable energy infrastructure 10.8% You can read more about our investments on our website. #Oljefondet #NorgesBankInvestmentManagement #Q3 #results #finance #fund

🌍 🗣️Jens Stoltenberg: Navigating global security, crisis leadership, and staying calm under pressure 🧘♂️🎧 In this episode, we are honored to welcome Jens Stoltenberg, who recently concluded his tenure after ten years as Secretary General of NATO. He has had a long, impactful career within Norwegian politics 🇳🇴, including serving as Prime Minister for a total of nine years. Jens shares his unique insights on global security challenges, the importance of strong alliances, and the evolving geopolitical landscape. From discussing the ongoing conflict in Ukraine 🇺🇦 to reflecting on how the world has shifted during his time at NATO, Jens offers thoughtful perspectives on leadership, decision-making, compromise, and his deep belief in the power of collaboration. 🤝 🎧 Out now on YouTube and your favorite podcast player! #Leadership #oljefondet #ingoodcompany #JensStoltenberg #NATO #Geopolitics #Podcast

Today is World Mental Health Day 🧠💚 "Talking about psychological safety when everything is going smoothly; it's super easy. But when you're out there in the really rough water 🌊 that's when you are really tested", says Global Head of Risk Monitoring, Patrick du Plessis. In our organisation, we highlight this internally not only today, but every day. We have mental health coaches who spesialise on both team and individual levels. Our mental health first aiders are here to support you, not only on October 10th, but all year round 🤝 For us, this is a top priority 🔝 #NorgesBankInvestmentManagement #oljefondet #mentalhealth #psychologicalsafety #worldmentalhealthday

🇳🇴💡 Did you know that the fund is a cornerstone in the Norwegian economy, providing around 460 billion kroner for the national budget in 2025? 💰 Today, the proposed national budget was released by the Government in Norway. Of the total budget, a significant 22.7% is covered by the fund 📊 The fund’s purpose is to generate financial wealth for current and future generations of Norwegians 🇳🇴, with 460 billion Norwegian kroner proposed for use in 2025—around 2.5% of the fund’s total value. The fiscal rule ensures that politicians can’t use more than 3% of the fund yearly. The national budget process is still awaiting final approval by Parliament, and the numbers are preliminary 🏛️ #oljefondet #NorgesBankInvestmentManagement #statsbudsjettet

📢 Exciting New Acquisition in Central Paris! 🇫🇷🏢 "Happy to announce that our French real estate team has secured a great addition to our Paris portfolio!", says Mie Caroline Holstad, Chief Investment Officer Real Assets 📈 We've entered into an agreement to acquire a 65% interest in the office component of Les Ateliers Gaité, located in central Paris, in partnership with Swiss Life Group. The asset, which spans 12,500 square meters of office space, is expected completed in the fourth quarter of 2024. Our partner #SwissLifeGroup will hold the remaining 35%, with Swiss Life Asset Managers France managing the asset. Did you know that the fund has a Real Estate office in Paris? Read more on our website! #oljefondet #norgesbankinvestmentmanagement #paris #realestate #investment #france

What were the most important takeaways from New York last week? 🌍 Carine Smith Ihenacho and Nina Galbiati were all over New York Climate Week, speaking at about a wide range of topics. Here are their key takeaways: 🌳 The transition is happening. Not at the speed we need, but it is happening. 🌆 Integrating sustainability as a core investment criteria can drive economic value. 💲 Huge investments are being made in climate solutions by countries, companies, and investors—but more is needed. ☑ The easiest work on decarbonization is done; the hardest is yet to come. 🟢 We need consistent, transparent, and comparable Whole Life Carbon measurements to drive decarbonization in supply chains. 📈 Encouraging progress on the adoption of the International Sustainability Standards Board (ISSB) global baseline for sustainability reporting. Meanwhile, we urge companies to voluntarily adopt these standards. 🌲 Nature, and its link to climate change, is moving higher up on the agenda. Great to see! 🚀 Launched the "Unleashing a regenerative revolution for the built environment" report, highlighting the scale of building and infrastructure needs in the coming decade. This presents an opportunity to rethink the built environment, scaling low-carbon, circular, energy-efficient solutions that are nature-friendly and people-centric. #ClimateAction #Sustainability #NewYorkClimateWeek #oljefondet #norgesbankinvestmentmanagement

Apply for our Summer Internship in #London 🇬🇧 and #Oslo 🇳🇴! 🚀🌍 Fredrik Vaaland Fusdahl used to be an Intern with us, now he's an Associate Portfolio Manager in our New York office🗽✨ As a summer intern, you will work on your own project within a specific department, either individually or in teams 💼 We have opportunities in our investment areas, our outstanding Technology & Operations, within Investment Risk as well as Governance & Compliance 👥 Just a few examples of previous projects were “Debt funded M&A”, “Assessment of company climate risk”, “News GPT for corporate actions”, and “Analysis of the apparel retail e-commerce sector in Europe”. We are looking for students from a range of different academic disciplines 📚 who take initiative, are curious 🤔, and have the desire to learn. You should demonstrate flexibility, be eager to work in teams 🤝, and be interested in an internationally focused job with a real purpose. 🌍💡 📅 Deadline is October 4th – apply through our portal linked below👇 Apply for London here: https://lnkd.in/dR7yWHcq   Apply for Oslo here:  https://lnkd.in/dxE5F6kJ #oljefondet #summerintern #NBIMSummerIntern #intern #internship #hiring #sommerjobb