In April 2019, the Norwegian government appointed a committee to review the Guidelines for Observation and Exclusion of Companies from the Government Pension Fund Global (GPFG). The Ethics Committee was chaired by Professor Ola Mestad.

The Committee’s report was submitted to the Ministry of Finance on 15 June 2020.

“Our proposals build on the existing ethical framework for the Fund,” says Professor Ola Mestad, chair of the Ethics Committee. “Overall, the ethical framework has worked well. Nevertheless, we are proposing some adjustments in order to reflect the evolution of ethical norms over the past 15 years and to catch up with certain new issues that have emerged.”

The Committee’s proposals in brief

Unofficial English translation of Chapter 1 of the Committee’s report

Press release from the Committee

Press release from the Ministry of Finance

Committee’s full report (Norwegian language)