Norges Bank Investment Management’s Post

🌍 Challenging the status quo in Davos at #WEF25 Is quarterly reporting truly serving its purpose? 📊 💡 Our vision: A market that prioritises long-term value creation over short-term metrics. This isn't about less transparency – it's about giving companies the breathing room to innovate, invest, and grow sustainably. The arguments supporting less frequent reporting are compelling: 🌐 Major markets (EU, UK, Singapore) have already moved away from mandatory quarterly reporting - this hasn't led to the market chaos that some perhaps feared. 📉 Public markets (including the US) have seen a 40% decrease in listed companies the past two decades – is quarterly reporting becoming a burden? 🔬 Companies in sectors like semiconductors, cloud computing, and biotech spend 2x more on R&D than other industries according to our research – should we give them more time to focus on innovation rather than reporting every 3 months? 📈 For smaller companies and startups, the reporting is particularly heavy - we could make public markets more accessible to growth companies 🎯 Our message is clear: Let's create an environment where companies can focus on strategic planning, and where the market rewards long-term thinking. ⏳ The fund has already moved from quarterly to half-year reporting. Following this, we've found ourselves better positioned to focus on what truly matters: long-term strategy and sustainable value creation. This isn't just about saving time and resources – it's about fundamentally changing how businesses think and operate. It's time for a broader conversation about what really drives sustainable value creation. 📰 Read more in Financial Times in the link below: #oljefondet #davos #reporting

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Lasse Wågene

Advisor and Board Member

2mo

Silly proposal - expedient and better information allow more efficient pricing of securities.

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Roman Shabalin

Finance | Certified IPMA Associate | Rational Optimist

2mo

Strongly disagree. One of the fundamental tools I use. The H1-H2 is a conceivable adjustment, but only as a compromise.

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