Transparency
Transparency is essential for achieving good governance and accountability.
At Norfund, we aim to be leading in our work with transparency within our operational framework. This commitment not only ensures public access to relevant information about our activities, but also fosters a stable environment for our businesses to flourish.
Balancing confidentiality and transparency
Our core business requires collection and management of large amounts of information belonging to the companies we invest in and with. This includes proprietary and business-sensitive information that we normally only get access to and must be protected through standard confidentiality agreements. Because of our obligations on transparency, Norfund normally secures the right to publish key information regarding our investments. We also collect data used for assessing and reporting key metrics such as the achieved developmental effects from our investments.
Freedom of Information Act
A key distinction in our ability to be transparent derives from the Norwegian Freedom of Information Act whereby documents relating to administrative activities in Norfund are generally available to the public domain, while documents in matters relating to financing and investment are generally not, and thereby protected from entering the public domain (§ 1 h in the Regulation to the Freedom of Information Act). This distinction keeps proprietary and sensitive information private, and it ensures that Norfund, as a state-owned entity, can be perceived as a trusted partner for our investees, and thus gets access to all the information needed to fulfil its mandate and secure sound investments.
Norfund’s investments
Our new investment overview provides detailed information about all of Norfund’s investments. The data is updated every quarter, and can be downloaded in Excel.
Transparency Act
The Transparency Act came into force in 2022, with the aim of promoting companies’ respect for fundamental human rights and decent working conditions in connection with the production of goods and the provision of services, including an obligation to continuously carry out due diligence assessments in the area covered by the law related to their own business.
Annual reports and disclosures
Annual report
Norfund publishes a comprehensive annual report where you can find updated information on our operations, impact, financial results and financial accounts, as well as gender and equality report, executive salary report and more. As part of the report, we also publish an annual report for the Climate Investment Fund.
See the latest annual reports here
Climate Related Financial Disclosures
Norfund reports on our work on managing climate-related risks in line with the recommendations of the Task force on Climate related Financial Disclosures (TCFD).
See the latest annual disclosures here
Activity level data
Norfund reports on activity level data to the OECD, and the data are accessible for download from the OECD Creditor Reporting System (CRS) here.
UN Principles for Responsible Investment
Norfund adheres top UN PRI (United Nations Principles for Responsible Investment)’s six principles and reports annually to this work.
See the latest UN PRI reports here
Norfund’s governance framework
Norfund has a framework consisting of several policies guiding our work, adopted by Norfund’s Board of Directors, that are available below.
Protocols and salary reports
General Assembly Protocols
(All in Norwegian)
Third party frameworks
Norfund has endorsed several international frameworks and initiatives, that are available below.
Associations
Norfund is a member of several important networks that support our work in sustainable development and collaboration between public and private actors: