Ethical Guidelines for the Government Pension Fund - Global
Ethical guidelines were established for the Government Pension Fund – Global on 19 November 2004. The guidelines build on recommendations made by the government-appointed Graver Committee which presented its report in summer 2003.
The committee identified two ethical obligations for the management of the Government Pension Fund – Global. Firstly, the Fund should be managed with a view to achieving high return that will enable coming generations to benefit from the country’s petroleum wealth. Secondly, the fundamental rights of those affected by companies in which the Fund invests should be respected. This ethical basis is promoted through two instruments: exercise of ownership rights and exclusion of companies from the Fund’s investment universe.
