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Select an assessment year:

  • Overall approach
    8/16
    • Overarching commitment on deforestation
      8/16
      Deforestation commitment
      Reduce deforestation
      8/16
      "Companies engaged in activities that may cause clearing of tropical forests should have a strategy to ensure the conservation of tropical forests. Companies should adopt, where appropriate, policies in line with “no deforestation, no peat, no exploitation” policies".
  • Commodity score
    22/64
    • Beef & Leather
      14/64
      • Commitment Strength
        11/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          5.4/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Encourage
            4/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Encourage
            4/8
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Companies should, as appropriate to their size, and the nature and context of operations, consult and engage with their workers and their representatives, health and safety representatives, potentially affected groups, and other relevant stakeholders, on human rights issues. • Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        3/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: ILO; UNGP; Discrimination; Forced Labour; Child Labour; Freedom of association
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Palm oil
      23/64
      • Commitment Strength
        21/42
        • Commodity-specific financing policy
          9.6/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            (Translation) "When we assess companies for catchment, we mainly look at the companies having palm-oil plantations in Malaysia and Indonesia, and those having palm-oil production as a substantial part of their business. We also assess whether the companies are certified by Roundtable of Sustainable Palm Oil, and whether or not they have plans for future certification. In 2018 we did an assesment of companies we already had withdrawn from, and also companies in the current portfolio with direct exposure to palm-oil production". 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            (Translation) "When we assess companies for catchment, we mainly look at the companies having palm-oil plantations in Malaysia and Indonesia, and those having palm-oil production as a substantial part of their business. We also assess whether the companies are certified by Roundtable of Sustainable Palm Oil, and whether or not they have plans for future certification. In 2018 we did an assesment of companies we already had withdrawn from, and also companies in the current portfolio with direct exposure to palm-oil production". 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            (Translation) "When we assess companies for catchment, we mainly look at the companies having palm-oil plantations in Malaysia and Indonesia, and those having palm-oil production as a substantial part of their business. We also assess whether the companies are certified by Roundtable of Sustainable Palm Oil, and whether or not they have plans for future certification. In 2018 we did an assesment of companies we already had withdrawn from, and also companies in the current portfolio with direct exposure to palm-oil production". 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            (Translation) "When we assess companies for catchment, we mainly look at the companies having palm-oil plantations in Malaysia and Indonesia, and those having palm-oil production as a substantial part of their business. We also assess whether the companies are certified by Roundtable of Sustainable Palm Oil, and whether or not they have plans for future certification. In 2018 we did an assesment of companies we already had withdrawn from, and also companies in the current portfolio with direct exposure to palm-oil production". 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            (Translation) "When we assess companies for catchment, we mainly look at the companies having palm-oil plantations in Malaysia and Indonesia, and those having palm-oil production as a substantial part of their business. We also assess whether the companies are certified by Roundtable of Sustainable Palm Oil, and whether or not they have plans for future certification. In 2018 we did an assesment of companies we already had withdrawn from, and also companies in the current portfolio with direct exposure to palm-oil production". 
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            0
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          5.6/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Encourage
            4/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Encourage
            4/8
            "Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes, optimisation of logistics and distribution and protection of high carbon stock landscapes".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes, optimisation of logistics and distribution and protection of high carbon stock landscapes".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes, optimisation of logistics and distribution and protection of high carbon stock landscapes".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes, optimisation of logistics and distribution and protection of high carbon stock landscapes".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "Companies should identify and consider relevant risk adaptation and mitigation measures; for example, programmes to improve energy and resource efficiency, increased use of less carbon-intensive raw materials and processes, optimisation of logistics and distribution and protection of high carbon stock landscapes".
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Companies should, as appropriate to their size, and the nature and context of operations, consult and engage with their workers and their representatives, health and safety representatives, potentially affected groups, and other relevant stakeholders, on human rights issues. • Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        3/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: ILO; UNGP; Discrimination; Forced Labour; Child Labour; Freedom of association
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Soy
      23/64
      • Commitment Strength
        21/42
        • Commodity-specific financing policy
          9.6/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017".
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017".
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "When assessing companies, we consider the geographical footprint of their operations, the percentage of the business linked to the production of soy and other agricultural commodities, documented land conversion activities and the percentage of their operations certified by the Round Table. Our analysis resulted in the divestment from one company in 2017".
        • Companies must be legally operated
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must protect priority forests or globally important landscapes
          5.6/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Encourage
            4/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Encourage
            4/8
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Companies should, as appropriate to their size, and the nature and context of operations, consult and engage with their workers and their representatives, health and safety representatives, potentially affected groups, and other relevant stakeholders, on human rights issues. • Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        3/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: ILO; UNGP; Discrimination; Forced Labour; Child Labour; Freedom of association
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
    • Timber, Pulp & Paper
      29/64
      • Commitment Strength
        26/42
        • Commodity-specific financing policy
          9.6/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Sustainable/Responsible
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
        • Companies must be legally operated
          2.4/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            (Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            (Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            (Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            (Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            (Translation)"Since work on operations linked to illegal logging and other particularly destructive logging practices began, the Council [on Ethics for the Norwegian Government Pension Fund Global] has made 10 recommendations to exclude, and one recommendation to place companies under observation. The Council will continue to pursue its ongoing dialogues with individual plantation companies in 2017."
        • Companies must protect priority forests or globally important landscapes
          5.4/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Encourage
            4/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Encourage
            4/8
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            "The Council has assessed whether any companies in which the Government Pension Fund Global (GPFG) invests have operations that could damage areas of high conservation value". 
        • Assurance mechanism to ensure compliance
          3.4/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Verification method: Certification Scheme
            Certification scheme (if applicable): FSC
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
          • Policy applies to all operations and financing
            Subset
            0.2/0.4
            Policy applies to all operations and financing
            Subset
            0.2/0.4
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            (Translation)"Another assessment of risk related todeforestation dealt with paper production,with the focus on sustainable forestrypractices and certification schemes. Whenconsidering companies for divestment wefocused on those with activities in high-riskcountries. We also considered the FSCcertification status of the companies. FSCcertification ensures that products come fromresponsibly managed forests that provideenvironmental, social and economic benefits.As a result of our assessment of this sector,we divested from another four companies in 2016". 
        • Companies must have a grievance mechanism
          5.6/5.6
          • Commitment details
            Yes - Require
            4/4
            Commitment details
            Yes - Require
            4/4
            "Companies should, as appropriate to their size, and the nature and context of operations, consult and engage with their workers and their representatives, health and safety representatives, potentially affected groups, and other relevant stakeholders, on human rights issues. • Companies should establish or participate in effective and accessible operational-level grievance mechanisms for individuals and communities that may be adversely impacted by their operations."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Norges Bank Investment Management applies their expectations to all companies in their portfolio.
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
      • Social Considerations
        3/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Company must respect labour rights
          2.6/5.6
          • Commitment details
            Own operations - Encourage
            1/4
            Commitment details
            Own operations - Encourage
            1/4
            Type of policy: ILO; UNGP; Discrimination; Forced Labour; Child Labour; Freedom of association
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
          • Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors; Traders; Manufacturers; Retailers
            0.4/0.4
            Norges Bank Investment Management state that "the responsibility to respect human rights applies to all companies. It is the duty of companies themselves to decide how and to what extent the UN Guiding Principles on Business and Human Rights and other relevant principles and guidelines apply to their operations. In practice, certain human rights will likely be more at risk of being impacted than others, depending on sector, geographical area and other circumstances."
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            No
            0/0.4
  • Reporting & Implementation
    10/20
    • Policy is reviewed and updated
      0/5
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      5/5
      Monitoring compliance
      Yes - Screening and monitoring process
      5/5
      The Norwegian Government Fund-Global state that "The Council on Ethics shall continuously monitor the Fund’s portfolio, cf. section 1(2), with the aim of identifying companies that contribute to or are responsible for production or conduct as mentioned in sections 2 and 3". 
    • Reporting on implementation of the policy
      5/5
      Reporting
      Yes - Annually
      5/5
      Divestment reporting 
      (Translation) The Norwegian Government Pension Fund has stated that they have divested in 2 companies in 2018 where palm oil is a significant part of the business and due to the absence of RSPO certification. 
  • Commitment strength
    20/42
    Avg. score
  • Social considerations
    3/22
    Avg. score

Profile

The Norwegian Government Pension Fund are a Norwegian state-owned investment fund. They invest in international equity, fixed-income markets and real estate to provide security for Norway’s economy against fluctuating oil prices. As of 2017, their total assets amount to more than 8 trillion NOK, with more than 4.8 trillion NOK in equities. The Norwegian Government Pension Fund are among the top 10 shareholders for Forest 500 companies, with approximately 40 billion USD worth of shares across a broad range of forest risk sectors.

HQ
HQ 
Norway
Financial institution type
Financial institution type 
Pension Fund

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.