Norges Bank Investment Management (NBIM) is the asset management unit of the Central Bank of Norway (Norges Bank). It manages the Government Pension Fund Global, which is one of the world's largest sovereign wealth funds. NBIM's role is to safeguard and build financial wealth for future generations by investing in international equity, fixed income, and real estate markets. The fund aims to achieve high returns with acceptable risk, and its investment strategy is based on the fund's long-term horizon and a significant capacity to accept short-term volatility.

Norges Bank Investment Management (NBIM)

Norges Bank Investment Management manages the Norwegian Government Pension Fund Global, often referred to as the Norwegian Oil fund. 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. 

GLOBAL PRESENCE 
The fund is the largest single owner in the world’s stock markets, owning almost 1.4 percent of all shares in the world’s listed companies. This means that we have holdings in around 9,000 companies worldwide. In addition, the fund owns hundreds of properties in some of the world’s leading cities and global distribution networks, invest in renewable energy infrastructure and receives a steady income from bonds issued by governments and related institutions and securities issued by companies.

We have offices in Oslo, London, New York, Singapore and Shanghai. Our global presence brings us closer to the markets we invest in and ensures stronger links with partners in different parts of the world. 

DIVERSE WORKFORCE 
As manager of one of the world’s largest funds we have developed a highly skilled investment organisation with a global outlook. We are more than 500 people from 38 nations. The large size of the fund implies great responsibilities and corresponding opportunities. We can offer a broad exposure to pressing issues in the industry and great learning opportunities along the whole scope of its specialities. We are looking for experienced investment professionals, as well as new talent. 

Cellcom Israel

Norges Bank Investment Management

𝟮𝟬𝟮𝟯 𝘄𝗿𝗮𝗽𝗽𝗲𝗱 𝘂𝗽 – 𝗮 𝗿𝗲𝗰𝗼𝗿𝗱 𝘆𝗲𝗮𝗿 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗳𝘂𝗻𝗱 𝗮𝘀 𝗺𝗮𝗿𝗸𝗲𝘁 𝘃𝗮𝗹𝘂𝗲 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗯𝘆 𝟯,𝟯𝟯𝟲 𝗯𝗶𝗹𝗹𝗶𝗼𝗻 𝗸𝗿𝗼𝗻𝗲𝗿 📈2️⃣0️⃣2️⃣3️⃣✅

15,765 billion kroner, or about 1.5 trillion dollars. That’s the value of the fund at the end of last year. A 16% return for the fund in total, where equities managed 21% and fixed income 6% 📊

Our unlisted real estate investments had a negative return of -12%, due to higher interest rates and lower demand for office space 🏢

The fund’s renewable infrastructure investments had a positive return of 4%, and we’ve made new investments in Germany and Spain ☀️💨🔋🔌

We’ve had our highest return in kroner ever, amounting to 2,222 billion. However, for the first time in five years, our relative return to our benchmark was 18 basis points negative, mainly due to the result from the real estate investments 📉

Despite high inflation and geopolitical turmoil the equity market returned 21% positive, where the tech sector being a clear winner: 51.9% return in 2023. The sector benefited from efficiency measures and increased demand for new solutions within AI. Tech as a standalone sector returned a staggering 895 billion kroner last year 👩‍💻💻🤖

Read more, watch our press conference and dive into the details on our website.

#Oljefondet #NorgesBankInvestmentManagement 

Tune in to see our recap of 2023 📽️🖥️
Press release with key numbers will be released at 9am Tuesday, and the press conference is live streamed on our website NBIM.no at 10am, 30th of January.
Tune in live, or watch the recording available after the press conference is ended. 

#oljefondet #NorgesBankInvestmentManagement

Benefit from learning sessions, networking, and the potential to join our Women’s Investment Club 👭💰

We envision a future where the finance industry is as inclusive as it is innovative, and where women are equally represented 🌐💼 Read more in this interview in E24.no (in Norwegian, but we’re sure AI will translate it for you easily). 

Friday 8th of March we’ll host an event at our Oslo office, open for applications from all female students eager to explore finance, markets, and investment. There's no prior knowledge needed, just bring your curiosity! 🤔✨ 

⏰Apply now as available spots are limited and the deadline is next week, 6th of February!⏰

We offer travel grants for out-of-towners 🌍 Submit your application by 6th of February for a chance to join us and shape the future of inclusive finance 🚀

Read all about it and apply here: https://lnkd.in/d9idbY9N

#Oljefondet #womeninfinance #norgesbankinvestmentmanagement

We’re an early adopter in committing to nature-related financial disclosures 🌱🌍

"The TNFD recommendations will guide us in identifying and assessing the nature-related dependencies, impacts, risks, and opportunities across our investment portfolio", says Snorre Gjerde, lead investment stewardship manager 🍃

The fund is in good company among the early adopters, committing to nature-related disclosures following the #TNFD recommendation launched in September last year 🌳
We have been an active member and contributor since the launch in 2019. Taskforce on Nature-related Financial Disclosures (TNFD) have developed and published in 2023 a set of disclosure recommendations and guidance for organisations to report and act on evolving nature-related dependencies, impacts, risks and opportunities 🐸

“We’re optimistic about the TNFD as a globally scalable tool to address financially relevant nature risk across the markets where the fund invest”, says Snorre 🌿

#Oljefondet #NorgesBankInvestmentManagement #ESG 

🌟 𝗢𝘂𝘁 𝗳𝗶𝗿𝘀𝘁 𝘀𝘁𝗲𝗽 𝗶𝗻𝘁𝗼 𝘀𝗼𝗹𝗮𝗿 𝗮𝗻𝗱 𝘄𝗶𝗻𝗱 𝗶𝗻 𝗣𝗼𝗿𝘁𝘂𝗴𝗮𝗹 💨☀️

New year, new country! 🎉 Together with our great partner Iberdrola, we've signed an agreement to acquire a 49 percent interest in a portfolio of solar plants and onshore wind farms located in #Spain and #Portugal 🇪🇸 🇵🇹
 
"It expands our footprint in Spain and is also our first step into Portugal. We look forward to adding more attractive renewable infrastructure projects going forward," says CEO Nicolai Tangen 🤝🏞️
 
Two projects are onshore wind projects, and two are solar plant projects, with an installed capacity equivalent to the annual electricity consumption of 350,000 Spanish households 🏡💡
 
Solar plants make up 60 percent of the portfolio, while onshore wind accounts for the remaining 40 percent ☀️ 💨
 
"The investment aligns with our long-term strategy, and we are very pleased to strengthen our partnership with Iberdrola. We look forward to working with them on these projects," says Chief Real Assets Officer Mie Caroline Holstad 🌍
 
These four projects are currently under development, with completion expected in 2025-2026 🏗️📅 

📸 The photos are of our great team at another solar and wind project we have together with Iberdrola in Spain. 

NO:NBIM

Norges Bank Investment Management (NBIM)