Norway Government Pensions Fund - Global

NORWAY - The Ministry of Finance has introduced two new sets of ethical guidelines for responsible investment practices at the Government Pension Fund Global and its asset manager Norges Bank.

NORWAY - The Ministry of Finance has finalised rules allowing the Government Pension Fund Global to invest up to 5% of its NOK2.6trn (US$435.8bn) portfolio in real estate.

NORWAY - Norway's Government Pension Fund Global has shed its NOK13.7bn (US$2.4bn) investment in 17 tobacco producing companies including Philip Morris and British American Tobacco.

EUROPE - The Carbon Disclosure Project (CDP) has launched a new programme to help pension funds understand water-related investment risks.

NORWAY - The Government Pension Fund - Global raked in record returns of 13.5% in the third quarter, equating to a gain in assets of NOK325bn (US$58.2bn).