For the Norwegian Government Pension Fund Global

The role of the Council on Ethics for the Government Pension Fund Global is to evaluate whether or not the Fund’s investment in specified companies is inconsistent with its
Ethical Guidelines.

Council on Ethics – Annual Report 2017

The Council’s activities

Norges Bank manages the Fund and makes decisions to exclude companies from the Fund’s portfolio based on advice from the Council. The Council’s recommendations will be made public on this website.

Norges Bank provides a list of companies excluded from the Fund’s portfolio.

The Council’s secretariat prepares the cases for the Council.

Frequently Asked Questions