natgillin/translations-raw huggingface dataset:
The Bank has chosen areas that should be relevant for investors in general and the Fund's portfolio in particular.
The Bank has chosen areas that should be relevant for investors in general and the Fund's portfolio in particular.
The focus areas must not be understood as limitations to the Bank’s work on responsible investments.
The focus areas must not be understood as limitations to the Bank’s work on responsible investments.
The Bank focuses on a broad set of issues related to corporate governance, human rights and the environment.
The Bank focuses on a broad set of issues related to corporate governance, human rights and the environment.
It integrates ESG risk considerations into the analyses related to countries, sectors and individual firms.
It integrates ESG risk considerations into the analyses related to countries, sectors and individual firms.
The Bank has also developed a database that includes information relating to environmental, social and corporate governance developments in about 4 000 of the companies in the Fund’s portfolio.
The Bank has also developed a database that includes information relating to environmental, social and corporate governance developments in about 4 000 of the companies in the Fund’s portfolio.
This database gives the Bank’s analysts and equity managers a broader basis for making investment decisions.
This database gives the Bank’s analysts and equity managers a broader basis for making investment decisions.
In addition to exclusion and the use of ownership rights, we have established a programme on environment-related investments.
In addition to exclusion and the use of ownership rights, we have established a programme on environment-related investments.
These are investments in renewable energy, technology for increased energy efficiency, water technology and the treatment of waste and pollution.
These are investments in renewable energy, technology for increased energy efficiency, water technology and the treatment of waste and pollution.
Through the programme, we aim to learn more about green investments and industries that might become more important in the future.
Through the programme, we aim to learn more about green investments and industries that might become more important in the future.
Through international collaboration, we can help develop a clearer common understanding of what constitutes best practice for responsible investment.
Through international collaboration, we can help develop a clearer common understanding of what constitutes best practice for responsible investment.
The UN Principles for Responsible Investment (PRI) are an example.
The UN Principles for Responsible Investment (PRI) are an example.
Both the Bank and the Ministry have signed these principles.
Both the Bank and the Ministry have signed these principles.
Climate change is an important issue in our international cooperation.
Climate change is an important issue in our international cooperation.
For instance, the Fund participates in several investor initiatives to increase reporting and transparency on areas like greenhouse gases and sustainable forestry.
For instance, the Fund participates in several investor initiatives to increase reporting and transparency on areas like greenhouse gases and sustainable forestry.
Finally, as a big investor, we believe we have a responsibility to contribute to research and investigation.
Finally, as a big investor, we believe we have a responsibility to contribute to research and investigation.
Improving knowledge is important in order to achieve better management and promote best practice internationally.
Improving knowledge is important in order to achieve better management and promote best practice internationally.
A couple of years ago, the Ministry of Finance initiated a research project on how climate change and different policy responses may affect funds like ours over the next 20 years.
A couple of years ago, the Ministry of Finance initiated a research project on how climate change and different policy responses may affect funds like ours over the next 20 years.
14 large Funds worldwide participated in this study, resulting in the Mercer-report.
14 large Funds worldwide participated in this study, resulting in the Mercer-report.
It is now almost ten years since the ethical guidelines were introduced.
It is now almost ten years since the ethical guidelines were introduced.
Considerable experience has been gained over the last decade, and the responsible investment strategy has been developed over time.
Considerable experience has been gained over the last decade, and the responsible investment strategy has been developed over time.
The guidelines were evaluated in 2009.
The guidelines were evaluated in 2009.
The evaluation indicated that more emphasis should be given to the potential for contributing to positive change in the conduct of companies.
The evaluation indicated that more emphasis should be given to the potential for contributing to positive change in the conduct of companies.
In addition the interaction between exercise of ownership rights and exclusion of companies should be strengthened.
In addition the interaction between exercise of ownership rights and exclusion of companies should be strengthened.
In 2010 we therefore established a new mandate for responsible investment to Norges Bank and new guidelines on observation and exclusion.
In 2010 we therefore established a new mandate for responsible investment to Norges Bank and new guidelines on observation and exclusion.
Now we wish to refine the responsible investment strategy further.
Now we wish to refine the responsible investment strategy further.
There is no better starting point for such a process than turning to some of the best experts in this field for advice.
There is no better starting point for such a process than turning to some of the best experts in this field for advice.
And that is why we have asked the Strategy Council to examine how the responsible investment strategy can be further improved.
And that is why we have asked the Strategy Council to examine how the responsible investment strategy can be further improved.
The Council has currently five members:
The Council has currently five members:
First of all, there is Professor Elroy Dimson from London Business School and Cambridge Judge Business School.
First of all, there is Professor Elroy Dimson from London Business School and Cambridge Judge Business School.
He is the eminent chair of the Strategy Council and has extensive experience from the Council.
He is the eminent chair of the Strategy Council and has extensive experience from the Council.
The other members are Idar Kreutzer, Chief Executive Officer of Finance Norway, Rob Lake, former Head of Responsible Investment at PRI, Hege Sjo, Hermes Investment Management, and last but not least Laura Starks, Professor of Finance at the University of Texas.
The other members are Idar Kreutzer, Chief Executive Officer of Finance Norway, Rob Lake, former Head of Responsible Investment at PRI, Hege Sjo, Hermes Investment Management, and last but not least Laura Starks, Professor of Finance at the University of Texas.
Together you provide a wide range of expertise and knowledge, both on our Fund and on broader international developments, operational as well as theoretical.
Together you provide a wide range of expertise and knowledge, both on our Fund and on broader international developments, operational as well as theoretical.
The mandate is different from the evaluation in 2009.
The mandate is different from the evaluation in 2009.
For example, we have not asked the Council to consider the exclusion of new products.
For example, we have not asked the Council to consider the exclusion of new products.
Nor have we asked the Council to evaluate the recommendations from the Council on Ethics or the results of Norges Banks management.
Nor have we asked the Council to evaluate the recommendations from the Council on Ethics or the results of Norges Banks management.
The main focus of this report shall be on the overarching strategy for Responsible investments.
The main focus of this report shall be on the overarching strategy for Responsible investments.
The mandate is to evaluate how any gaps between the Fund strategy and international best practice can be closed.
The mandate is to evaluate how any gaps between the Fund strategy and international best practice can be closed.
We have asked the Council to examine how the collective resources and expertise in the Ministry of Finance, the Council on Ethics and Norges Bank can best be utilized to strengthen the work still further.
We have asked the Council to examine how the collective resources and expertise in the Ministry of Finance, the Council on Ethics and Norges Bank can best be utilized to strengthen the work still further.
The Council may propose changes to strengthen the strategy, including operational and institutional changes.
The Council may propose changes to strengthen the strategy, including operational and institutional changes.
The report will be submitted in October 2013.
The report will be submitted in October 2013.
The work on responsible investments is an important – but also challenging – part of the management of the Pension Fund.
The work on responsible investments is an important – but also challenging – part of the management of the Pension Fund.
We are satisfied with the results so far, but we have not yet finished this work.
We are satisfied with the results so far, but we have not yet finished this work.
We know that there is always room for improvement.
We know that there is always room for improvement.
Many important and complex questions lie ahead of us – and we must not be afraid of the difficult questions.
Many important and complex questions lie ahead of us – and we must not be afraid of the difficult questions.
The Ministry of Finance has for many years used academics and other external experts to assist in developing the management of the Fund.
The Ministry of Finance has for many years used academics and other external experts to assist in developing the management of the Fund.
Independent advice is an important part of our efforts to improve the management.
Independent advice is an important part of our efforts to improve the management.
In addition, such advice contributes to transparency and open debate about our decisions.
In addition, such advice contributes to transparency and open debate about our decisions.
The Strategy Council has played an important role in this respect.
The Strategy Council has played an important role in this respect.
So once again, I would like to thank the Council for the invaluable input that they provide.
So once again, I would like to thank the Council for the invaluable input that they provide.
I look forward to some fruitful discussions and the active engagement from the NGOs and other stakeholders.
I look forward to some fruitful discussions and the active engagement from the NGOs and other stakeholders.
I would like to wish you all a lively and productive conference on how we manage our common savings in a truly responsible way!
I would like to wish you all a lively and productive conference on how we manage our common savings in a truly responsible way!
‘The Government will align itself with the EU’s new restrictive measures against Russia.
- Regjeringen vil slutte opp om EUs nye restriktive tiltak mot Russland.
Since the start of the crisis in Ukraine, Norway has stood united with the EU and other like-minded countries in responding to Russia’s violations of international law.
Norge har siden starten på krisen i Ukraina stått sammen med EU og nærstående land i våre reaksjoner på Russlands folkerettsbrudd.
We will do so this time as well,’ said Minister of Foreign Affairs Børge Brende.
Dette vil vi gjøre også denne gangen, sier utenriksminister Børge Brende.
In response to Russia’s illegal annexation of Crimea and Sevastopol and the destabilisation of eastern Ukraine, the EU has adopted restrictive measures against Russia.
Som en reaksjon på Russlands ulovlige anneksjon av Krim og Sevastopol og destabilisering i Øst-Ukraina, har EU vedtatt restriktive tiltak mot Russland.
The situation in Ukraine has deteriorated further during the past few weeks.
Situasjonen i Ukraina er blitt ytterligere forverret de seneste ukene.
‘Even after the tragedy of the Malaysian airliner that was shot down on 17 July, Russia has not changed its course, but has continued to destabilise the eastern part of Ukraine.
- Selv ikke etter tragedien med nedskytingen av det malaysiske flyet 17. juli har Russland endret sin opptreden, men fortsatt destabiliseringen av de østlige delene av Ukraina.
‘Norway will introduce the same measures as those adopted by the EU on 31 July.
- Norge vil innføre de samme tiltakene som EU innførte fra 31. juli.
These measures are a response to Russia’s violation of fundamental principles of the UN Charter.
Tiltakene er en reaksjon på Russlands brudd på grunnleggende prinsipper i FN-pakten.
Despite massive international pressure, Russia has not demonstrated any willingness to change its actions in Ukraine, which are in violation of international law,’ said Foreign Minister Brende.
Til tross for et stort internasjonalt press har Russland ikke vist vilje til å endre sin folkerettsstridige handlemåte i Ukraina, sier utenriksministeren.
Feedback from the business sector is important for our dialogue with the EU to clarify the details of the measures.
Tilbakemeldingene fra næringslivet er også viktige for den videre dialogen med EU om presiseringen av detaljene i tiltakene.
The measures leave room for discretion, and we will use our discretion,’ said Mr Brende.
Reglene gir rom for skjønn og det skjønnet skal vi bruke, sier Brende.
The Norwegian Parliament (‘Storting’) has been consulted on this matter.
Stortinget er konsultert om saken.
These are the main points included in the measures:
Tiltakene innebærer i hovedsak:
The list of individuals and entities subject to asset-freeze measures and travel restrictions will be extended, and the criteria for being included on the list will be expanded.
listen over personer og enheter som underlegges frys av finansielle midler og reiserestriksjoner blir utvidet, og grunnlaget for å listeføre utvides.
The import and export of arms and defence-related products (List I) to and from Russia and the export of dual-use items and technology (List II) for military end-use in Russia will be prohibited.
det innføres et forbud mot import og eksport av våpen og forsvarsmateriell (liste I) fra og til Russland og et forbud mot eksport av flerbruksvarer og teknologi (liste II) til militær sluttbruk i Russland.
Buying or selling new bonds, equity or similar financial instruments with a maturity exceeding 90 days issued by five listed Russian financial institutions will be prohibited.
det blir forbud mot handel mv. med verdipapirer og pengemarkedsinstrumenter med løpetid over 90 dager utstedt av fem listeførte russiske finansinstitusjoner.
Prior authorisation by the Norwegian authorities will be required for the export of certain categories of goods to the Russian petroleum sector.
det vil for eksport av visse varekategorier til russisk petroleumssektor kreves forhåndstillatelse fra norske myndigheter.
This ban will apply to new contracts only.
Forbudet omfatter kun nye kontrakter.
Prior authorisation will also be required for financing and services related to these categories of goods.
For finansiering og tjenester i tilknytning til varekategoriene innføres også krav om forhåndstillatelse.
The Norwegian authorities will shortly clarify the details of the measures that allow discretion, in close consultation with the EU.
Norske myndigheter vil i den nærmeste tiden, i nær kontakt med EU, presisere innholdet av noen av de skjønnspregede begrepene i regelverket.
Norway deeply concerned about developments in eastern Ukraine
Svært bekymret over utviklingen i Øst-Ukraina
Opening speech at working lunch for EU leaders
Åpningsinnlegg ved arbeidslunsj for EU-ledere
Oslo, 10 December 2012
Gamle Logen, 10. desember 2012
Welcome to this informal lunch – and congratulations to all of you!
Welcome to this informal lunch – and congratulations to all of you!
I think we are all deeply moved by today’s ceremony in Oslo Town Hall.
I think we are all deeply moved by today’s ceremony in Oslo Town Hall.
I welcome the Nobel Committee’s decision to award this year’s Peace Prize to the EU.
I welcome the Nobel Committee’s decision to award this year’s Peace Prize to the EU.
Europe has been transformed from a continent of war to a continent of peace.
Europe has been transformed from a continent of war to a continent of peace.
You have helped former dictatorships towards democracy and prosperity.
You have helped former dictatorships towards democracy and prosperity.
Today is a day of celebration.
Today is a day of celebration.
And it is a day to look forward.
And it is a day to look forward.
Let us pay tribute to your achievements by also addressing Europe’s challenges.
Let us pay tribute to your achievements by also addressing Europe’s challenges.
The economic setbacks in Europe are a cause of serious concern.
The economic setbacks in Europe are a cause of serious concern.
It is therefore encouraging to see that progress is made.
It is therefore encouraging to see that progress is made.
The EU has taken brave steps to rectify the situation.
The EU has taken brave steps to rectify the situation.
Institutions are being reformed.
Institutions are being reformed.
Policies are being changed on the basis of solidarity and sound economic management.
Policies are being changed on the basis of solidarity and sound economic management.
These efforts are now paying off.
These efforts are now paying off.
Economic imbalances in Europe are slowly declining.
Economic imbalances in Europe are slowly declining.
Competiveness is increasing.
Competiveness is increasing.
Deficits are being reduced.
Deficits are being reduced.
The balances of payments are improved.
The balances of payments are improved.
But economic growth is still weak.
But economic growth is still weak.
Unemployment is high and increasing.
Unemployment is high and increasing.
And the character of the financial crisis is changing.
And the character of the financial crisis is changing.
What started as a crisis in the financial markets and in the banking sector has developed into a crisis in the labour market.
What started as a crisis in the financial markets and in the banking sector has developed into a crisis in the labour market.
The fact that millions of people are without work is not only a human tragedy – it also represents a huge economic loss.
The fact that millions of people are without work is not only a human tragedy – it also represents a huge economic loss.
Unemployment undermines future growth.
Unemployment undermines future growth.
So the hard work must continue.
So the hard work must continue.
Structural change is still needed.
Structural change is still needed.
And this is urgent.
And this is urgent.
The challenge is to find the right balance between solidarity and responsibility.
The challenge is to find the right balance between solidarity and responsibility.
Between growth and budgetary discipline.
Between growth and budgetary discipline.
We need both.
We need both.
Norway is not a member of the European Union.
Norway is not a member of the European Union.
But we are part of the European economy.
But we are part of the European economy.
Norway is a small open economy, a close neighbour to the EU, and a member of the Internal Market.
Norway is a small open economy, a close neighbour to the EU, and a member of the Internal Market.
80 per cent of our export goes to the EU.
80 per cent of our export goes to the EU.
We are therefore very much affected by developments in Europe.
We are therefore very much affected by developments in Europe.
The future of Europe is the future of Norway.
The future of Europe is the future of Norway.
The Norwegian Government and private companies are long-term investors in the European market.
The Norwegian Government and private companies are long-term investors in the European market.
We too need to see renewed growth in the EU.
We too need to see renewed growth in the EU.
We have stimulated our own growth by reforming the pension system, renewing the public sector, investing in education – and helping more women to enter the labour market.
We have stimulated our own growth by reforming the pension system, renewing the public sector, investing in education – and helping more women to enter the labour market.
These reforms have been based on social dialogue.
These reforms have been based on social dialogue.
I am convinced that the current crisis also will make the EU and European integration stronger and more effective.
I am convinced that the current crisis also will make the EU and European integration stronger and more effective.
I look very much forward to hearing your views on these issues.
I look very much forward to hearing your views on these issues.
Stoltenberg met Barroso and Schulz
Stoltenberg møtte Barroso og Schulz
Talks with EU leaders on the economic situation in Europe
Diskuterer Europas økonomiske situasjon
Statoils Autumn Conference, 15.11.2010
Statoils høstkonferanse 15.11.2010
It is a pleasure to be back here at “Det norske teater” for what has now become a tradition; the Autumn Conference.
It is a pleasure to be back here at “Det norske teater” for what has now become a tradition; the Autumn Conference.
The main character here today is the International Energy Agency, presenting its flagship publication – World Energy Outlook 2010.
The main character here today is the International Energy Agency, presenting its flagship publication – World Energy Outlook 2010.
This year, the World Energy Outlook can be read as a warning to us all.
This year, the World Energy Outlook can be read as a warning to us all.
Keeping in mind the setbacks from Copenhagen; momentum seems to have been lost.
Keeping in mind the setbacks from Copenhagen; momentum seems to have been lost.
In just one year, the estimated global cost of achieving the two degrees target has increased with a staggering one thousand billion dollars.
In just one year, the estimated global cost of achieving the two degrees target has increased with a staggering one thousand billion dollars.
Even worse; the objective of limiting global temperature rise to only 2 degrees Celsius is now seriously threatened.
Even worse; the objective of limiting global temperature rise to only 2 degrees Celsius is now seriously threatened.
The IEA report shows that, with the pledges under the Copenhagen Accord and pledges made in the G20 to remove subsidies on fossil fuels, we are on the path to a 3.5 degrees increase.
The IEA report shows that, with the pledges under the Copenhagen Accord and pledges made in the G20 to remove subsidies on fossil fuels, we are on the path to a 3.5 degrees increase.
This might have catastrophic consequences for many vulnerable countries around the world.
This might have catastrophic consequences for many vulnerable countries around the world.
At this moment in time, I would like to quote the UN Secretary General, Ban Ki-moon: “We have our foot on the accelerator, and we are heading for the abyss”.
At this moment in time, I would like to quote the UN Secretary General, Ban Ki-moon: “We have our foot on the accelerator, and we are heading for the abyss”.
In fact, there is a growing concern that it will be very difficult to agree on a global and binding climate agreement that will be sufficiently strong to deliver the 2 degrees objective.
In fact, there is a growing concern that it will be very difficult to agree on a global and binding climate agreement that will be sufficiently strong to deliver the 2 degrees objective.
Norway will keep pushing for an ambitious, global and legally binding agreement.
Norway will keep pushing for an ambitious, global and legally binding agreement.
Climate change is a global challenge and we need a global solution.
Climate change is a global challenge and we need a global solution.