Norges Bank Investment Management

Norges Bank Investment Management manages the Norwegian Government Pension Fund Global. We manage assets worth more than 15,000 billion kroner, or about 1,4 trillion dollars. The fund is invested in international equity and fixed-income markets and in real estate and renewable energy infrastructure.

The aim of the fund is to ensure responsible and long-term management of revenue from Norway’s oil and gas resources so that this wealth benefits both current and future generations of Norway. Our objective as manager of the fund is to generate the highest possible return on the fund. We aim to achieve this in a safe, efficient, responsible and transparent manner, and within government guidelines.

Key Facts

  • 2025 Climate Action Plan
    • We will set a net zero 2050 target for our unlisted real estate portfolio and an interim target for 2030 of reducing gas emissions intensity by 40% (compared to 2019). We will integrate these targets into our acquisition and asset management practices.
    • We will publish the share of our unlisted real estate investment portfolio that is aligned with a 1.5°C decarbonisation pathways developed by the Carbon Risk Real Estate Monitor (CRREM) and report annual progress towards our net zero 2050 target.

Key Publications