natgillin/translations-raw huggingface dataset:
Rio Tinto Group, an international mining group, is a joint venture partner with Freeport McMoRan Copper&Gold Inc. in the Grasberg mine in Indonesia.
Rio Tinto Group, et internasjonalt gruvekonsern, er joint venture-partner med Freeport McMoRan Copper&Gold Inc. i Grasberg-gruven i Indonesia.
It is deemed likely that Rio Tinto contributes materially to Freeport's operation of the Grasberg mine in Indonesia.
Det anses sannsynlig at Rio Tinto bidrar i vesentlig grad til Freeports drift av Grasberg-gruven i Indonesia.
The Ministry of Finance has decided, on the basis of the recommendation from the Council on Ethics, to exclude Rio Tinto from the Government Pension Fund – Global pursuant to the Ethical Guidelines for the Fund.
Med utgangspunkt i Etikkrådets tilråding har dermed Finansdepartementet besluttet å utelukke Rito Tinto fra Statens pensjonsfond – Utland i henhold til de etiske retningslinjene for fondet.
In a letter of 28 April 2008, the Ministry of Finance requested Norges Bank to divest the holdings in Rio Tinto Plc. and Rio Tinto Ltd. by the end of June 2008.
Finansdepartementet ba Norges Bank i brev av 28. april 2008 om å selge seg ned i Rio Tinto Plc. og Rio Tinto Ltd. innen utgangen av juni 2008.
The divestment of securities has now been completed.
Nedsalget av verdipapirer er nå gjennomført.
As per year end, the Pension Fund held equities valued at approximately NOK 4,419 million in Rio Tinto Plc. and NOK 430 million in Rio Tinto Ltd.
4 419 mill. kroner i Rio Tinto Plc. og 430 mill. kroner i Rio Tinto Ltd.
This decision is announced retroactively in order to facilitate the implementation of said divestment.
Av hensyn til gjennomføringen av nedsalget blir beslutningen offentliggjort i etterkant.
Read more: The recommendation from the Council on Ethics Companies Excluded from the Investment Universe
Se også: - Tilrådingen fra Etikkrådet - Selskaper som er utelukket fra fondets investeringsunivers - Nett-TV sending fra pressekonferansen
The Committee has today submitted its remarks and recommendations regarding the Report on the Management of the Government Pension Fund.
Finanskomiteen har i dag lagt fram sin innstilling om meldingen.
The Government will follow-up the Storting’s deliberations, and will as part of its work ask Norges Bank and the Council on Ethics for advice”, says the Minister of Finance Siv Jensen.
Regjeringen vil følge opp dette, og vil i den forbindelse innhente råd og vurderinger både fra Norges Bank og Etikkrådet, sier finansminister Siv Jensen.
The Government Pension Fund Global – Investments in coal companies
Investeringer og virkemiddelbruk i kullselskaper
The Government Pension Fund - Global and Investments in Conflict Zones
Finansministeren om Pensjonsfondets investeringer i konfliktområder
Serious or systematic human rights violations, such as murder, torture, deprivation of liberty, forced labour, the worst forms of child labour and other child exploitation.
Grove eller systematiske krenkelser av menneskerettighetene.
Serious violations of individuals’ rights in situations of war or conflict.
Alvorlige krenkelser av individers rettigheter i krig eller konfliktsituasjoner.
- The Council on Ethics has on different occasions, from 2006 until 2008, considered possible contribution to human rights violations or other ethical norms through investment in Israeli companies.
- Etikkrådet har ved flere anledninger fra 2006 og frem til sommeren 2008 vurdert mulig medvirkning til brudd på menneskerettigheter eller andre etiske normer gjennom investeringer i israelske selskaper.
The Council has so far not recommended any exclusion on such grounds, says Minister of Finance Kristin Halvorsen.
Etikkrådet har hittil ikke konstatert brudd, sier finansministeren.
- The Ministry of Finance is conducting a review of the Ethical Guidelines.
- Finansdepartementet foretar for tiden en gjennomgang av de etiske retningslinjene.
The Commission today submitted its report to the Minister of Finance, Siv Jensen.
Utvalget overleverte i dag sin utredning til finansminister Siv Jensen.
“Both central banking and investment management place greater demands on the board, senior management and the organisation than earlier.
– Både sentralbankvirksomhet og fondsforvaltning krever i dag mer av styre, ledelse og organisasjon enn tidligere.
Moreover, the activities differ in nature, and the scope of the tasks involved is substantial.
I tillegg er virksomhetene av ulik art, og det er stort spenn i oppgavene.
With two separate entities, the professional competence and the governing bodies can more easily be tailored to the task at hand,” said the chair of the Commission, Svein Gjedrem.
Med to adskilte enheter vil det være lettere å tilpasse kompetanse og styringsorganer til oppgavene, sier utvalgsleder Svein Gjedrem.
The Commission proposes that the investment management company be established as a separate statutory entity along the lines of the Folketrygdfondet.
Forvalterselskapet foreslås etablert som et særlovselskap etter en liknende modell som Folketrygdfondet.
The entity should have a government-appointed board.
Selskapet skal ha et styre som oppnevnes av regjeringen.
The Ministry oversees the board’s decisions and compliance with the investment mandate.
Departementet fører tilsyn med styrets beslutninger og oppfølging av forvaltningsmandatet.
The entity reports to the Ministry of Finance, and the Ministry reports on the Fund’s activities to the Storting (Norwegian parliament).
Selskapet rapporterer til departementet, og departementet sender melding til Stortinget om forvaltningen.
I want to emphasise that a separation must be carried out in a sound manner and must not in any other respect affect the framework for the Fund,” said Mr Gjedrem.
Jeg vil understreke at en utskilling må gjøres forsvarlig og ikke påvirke rammene for fondet for øvrig, sier Gjedrem.
The requirement of the highest possible return at an acceptable and carefully weighed risk level is thus of particular importance.
Krav om høyest mulig avkastning med en forsvarlig og vel avveid risiko er derfor særlig viktig.
The Fund must be a responsible investor.
Forvaltningen må være ansvarlig.
The Commission further proposes that the current practice of investing the Fund abroad be established by law.
Utvalget foreslår også at dagens praksis med at fondet plasseres utenlands, lovfestes.
The Government Pension Fund Global can be managed by Norges Bank The Commission presents two alternative models should the Fund be kept under the Bank.
Statens pensjonsfond utland kan forvaltes av Norges Bank Utvalget legger også fram to alternative modeller dersom Statens pensjonsfond utland fortsatt skal forvaltes av Norges Bank.
In one model, a separate board is established for investment management, in addition to a board for Norges Bank and a committee for monetary policy and financial stability.
I den ene modellen opprettes et eget styre for kapitalforvaltningen i tillegg til styret for Norges Bank og en komite for pengepolitikk og finansiell stabilitet.
The Commission is of the view that both of these models are feasible and adequate, but the first model may be preferable.
Utvalget mener begge disse modellene er mulige og forsvarlige, men at den første av de to kan være å foretrekke.
The Commission on the Act relating to Norges Bank and the Monetary System recommends that the Government Pension Fund Global (GPFG) be managed by a separate statutory entity demerged from Norges Bank.
Sentralbanklovutvalget anbefaler at Statens pensjonsfond utland (SPU) forvaltes av et eget særlovselskap utenfor Norges Bank.
The Government Pension Fund Global
Innlegg om ansvarlig investeringspraksis
Speech by State Secretary Hilde Singsaas at Cambridge Judge Business School, May 31, 2013
Av statssekretær Hilde Singsaas på Cambridge Judge Business School, 31. mai, 2013
As a major player, we want to contribute to the development of best practice in this area, said State Secretary Hilde Singsaas.
As a major player, we want to contribute to the development of best practice in this area, said State Secretary Hilde Singsaas.
It is a great pleasure to be here in Cambrigde at this important summit on the Pension Fund and Responsible Investing.
It is a great pleasure to be here in Cambrigde at this important summit on the Pension Fund and Responsible Investing.
Let me begin by thanking the Strategy Council for organising this summit.
Let me begin by thanking the Strategy Council for organising this summit.
I would also like to extend my thanks to the Judge Business School for hosting today's event.
I would also like to extend my thanks to the Judge Business School for hosting today's event.
The purpose of this summit is a simple, but important one: To learn more.
The purpose of this summit is a simple, but important one: To learn more.
By bringing together experts on responsible investing, we hope to deepen and improve our understanding of current knowledge and experience in this area.
By bringing together experts on responsible investing, we hope to deepen and improve our understanding of current knowledge and experience in this area.
The Norwegian Ministry of Finance has asked the Strategy Council of our Pension Fund to review ways to strengthen the Fund's work on responsible investment.
The Norwegian Ministry of Finance has asked the Strategy Council of our Pension Fund to review ways to strengthen the Fund's work on responsible investment.
With this impressive gathering of highly skilled scholars and professionals, I am sure that the Council will get important input to its work.
With this impressive gathering of highly skilled scholars and professionals, I am sure that the Council will get important input to its work.
From the ministerial side we are very grateful for your contributions.
From the ministerial side we are very grateful for your contributions.
I am also pleased to have this opportunity to present the Goverment Pension Fund and our current work on responsible investments.
I am also pleased to have this opportunity to present the Goverment Pension Fund and our current work on responsible investments.
Our fiscal guidelines ensure a predictable and prudent phasing in of petroleum income into the mainland economy.
Our fiscal guidelines ensure a predictable and prudent phasing in of petroleum income into the mainland economy.
By only spending the expected real return, the Fund will never be reduced in real terms.
By only spending the expected real return, the Fund will never be reduced in real terms.
At the same time, the spending of the revenues contribute to stabilising production and employment.
At the same time, the spending of the revenues contribute to stabilising production and employment.
During periods of high unemployment we can spend more than 4 pct. to stimulate the economy.
During periods of high unemployment we can spend more than 4 pct. to stimulate the economy.
Correspondingly we should spend less when the economic activity is high.
Correspondingly we should spend less when the economic activity is high.
The fund has grown rapidly, since the first transfer was made in 1996, and the value is currently approximately 4 450 billion NOK or just short of 600 billion EUROS.
The fund has grown rapidly, since the first transfer was made in 1996, and the value is currently approximately 4 450 billion NOK or just short of 600 billion EUROS.
The Fund is invested in about 7 000 companies, in 70 countries.
The Fund is invested in about 7 000 companies, in 70 countries.
As a universal owner we also believe that we have a greater responsibility for contributing to a sustainable development, both in economic, social and environmental terms.
As a universal owner we also believe that we have a greater responsibility for contributing to a sustainable development, both in economic, social and environmental terms.
In total 55 companies have been excluded from the Fund so far, 38 based on production, 17 on behaviour.
In total 55 companies have been excluded from the Fund so far, 38 based on production, 17 on behaviour.
The final decision about whether or not to exclude a company is made by the Ministry, based on the Council on Ethics' recommendation.
The final decision about whether or not to exclude a company is made by the Ministry, based on the Council on Ethics' recommendation.
We make public, not only our decision, but also the full recommendation document from the Council.
We make public, not only our decision, but also the full recommendation document from the Council.
We know that many stakeholders follow our exclusion decisions closely.
We know that many stakeholders follow our exclusion decisions closely.
This means that the entire material on which we make our decision has to be accurate and the result of a thorough research process.
This means that the entire material on which we make our decision has to be accurate and the result of a thorough research process.
Exclusion rarely solves the underlying problem directly.
Exclusion rarely solves the underlying problem directly.
When we exclude a company we also loose the ability to exert influence through the exercise of ownership rights.
When we exclude a company we also loose the ability to exert influence through the exercise of ownership rights.
For instance, the Fund participates in several investor initiatives to increase reporting and transparency on areas like greenhouse gases and sustainable forestry (Forest Footprint and CDP)
For instance, the Fund participates in several investor initiatives to increase reporting and transparency on areas like greenhouse gases and sustainable forestry (Forest Footprint and CDP)
First of all, there is Elroy Dimson from London Business School and Cambridge Judge Business School.
First of all, there is Elroy Dimson from London Business School and Cambridge Judge Business School.
The Strategy Council's mandate is to evaluate how any gaps between the Fund strategy and international best practice for responsible investment can be closed
The Strategy Council's mandate is to evaluate how any gaps between the Fund strategy and international best practice for responsible investment can be closed
We have also 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 on responsible investments still further
We have also 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 on responsible investments still further
The Council may propose changes to strengthen the work on responsible investments, including operational and institutional changes.
The Council may propose changes to strengthen the work on responsible investments, including operational and institutional changes.
We eagerly await it!
We eagerly await it!
Many important and complex questions lie ahead of us – and the sessions today will no doubt provide further insights into some of these, whilst at the same time probably posing some new ones.
Many important and complex questions lie ahead of us – and the sessions today will no doubt provide further insights into some of these, whilst at the same time probably posing some new ones.
So once again, I would like to thank the Council for your invaluable input that you provide.
So once again, I would like to thank the Council for your invaluable input that you provide.
Ladies and gentlemen, Cambridge has been a seat of learning and enquiry for many hundreds of years.
Ladies and gentlemen, Cambridge has been a seat of learning and enquiry for many hundreds of years.
In the best tradition of scholarship, we hope that we can share and improve our knowledge.
In the best tradition of scholarship, we hope that we can share and improve our knowledge.
And – even more importantly - move further down the path to better and even more responsible investing.
And – even more importantly - move further down the path to better and even more responsible investing.
I look forward to all your presentations - and to some fruitful and productive discussions.
I look forward to all your presentations - and to some fruitful and productive discussions.
Location: Plenary Hall of the R4, entrance between Møllergata 17 and Møllergata 19, at the entrance to the garage.
Sted: Plenumssalen i R4, inngang fra Møllergata/Eva Kolstads gate
Press Invitation
Priv til red:
-The current system is unacceptable and has been unchanged for nearly 60 years.
–Dagens ordning på dette området er uakseptabel og har vært uforandret i nærmere 60 år.
Children between the age of 7 and 16 can apply together with their parents.
Barn mellom 7 og 16 år skal kunne søke sammen med sine foreldre.
This strengthens the human rights for this group, says Høie.
Dette styrker rettighetene til denne gruppen, sier Høie.
Report from expert group
Rapport fra ekspertgruppe på høring
Time limit for comments is November 15, 2015.
Høringsfrist er 15. november 2015.
The Government proposes to make it easier to change legal gender
Regjeringen foreslår å gjøre det enklere å endre juridisk kjønn
Since the Norges Bank Act was enacted, the view of what constitutes good corporate governance has evolved.
Siden sentralbankloven ble vedtatt har også synet på hva som er god virksomhetsstyring utviklet seg.
The Norges Bank Act should reflect this development.
Sentralbankloven bør gjenspeile denne utviklingen.
The bank’s governing bodies have taken several steps in their internal rules for strengthening the control regime, but important management and control principles should be expressed in the Norges Bank Act.
Bankens styrende organer har tatt flere grep i sitt interne regelverk for å styrke kontrollregimet, men viktige styrings- og kontrollprinsipper bør komme til uttrykk i sentralbankloven.
The key legislative proposals are:
De sentrale lovendringsforslagene er:
Norges Bank shall be required to prepare accounts pursuant to the Accounting Act The Government proposes making Norges Bank subject to the Accounting Act.
Norges Bank gjøres regnskapspliktig etter regnskapsloven Regjeringen foreslår å gjøre Norges Bank regnskapspliktig etter regnskapsloven.
Under current practice the Supervisory Council establishes the bank’s accounting rules.
Etter dagens praksis fastsetter representantskapet bankens regnskapsregler.
In the Ministry’s view the accounting rules should have a clear and independent basis in law.
Etter departementets syn bør regnskapsreglene ha en klar og uavhengig forankring i loven.
New auditing scheme: an externally elected auditor Today the Central Bank Audit is responsible for auditing the bank’s accounts.
Ny revisjonsordning: en ekstern valgt revisor I dag har sentralbankrevisjonen ansvaret for revisjon av bankens regnskaper.
Its employees are formally employed by the bank.
De ansatte der er formelt ansatt i banken.
In line with best international practices auditing should be completely independent of the bank.
I tråd med beste internasjonale praksis bør revisjon skje helt uavhengig av banken.
“A system where the Supervisory Council elects an external auditor will provide the best overall control regime.
- En ordning der representantskapet velger en ekstern revisor vil gi det beste samlede kontrollregimet.
The elected auditor audits the bank’s accounts while the Office of the Auditor General audits the Ministry of Finance’s management of the Government Pension Fund – Global on the basis of the bank’s audited accounts,” says Minister of Finance Kristin Halvorsen.
Den valgte revisoren reviderer bankens regnskaper, mens Riksrevisjonen reviderer Finansdepartementets forvaltning av Statens pensjonsfond – Utland på basis av bankens reviderte regnskaper, sier finansminister Kristin Halvorsen.
Clarification of the responsibilities of the Supervisory Council and Executive Board The Norges Bank Act does not spell out the specific contents of the oversight responsibilities of the Supervisory Council.
Tydeliggjøring av representantskapets og hovedstyrets ansvar Sentralbankloven presiser ikke hva som er det nærmere innholdet av representantskapets tilsynsansvar.
To clarify the interfaces between the functions of the Executive Board and Supervisory Council, the act should also clarify the management and control responsibilities of the Executive Board.
For å tydeliggjøre grenseflatene mellom hovedstyrets og representantskapets funksjoner, bør loven også klargjøre hovedstyrets styrings- og kontrollansvar.
Under the draft bill, the Supervisory Council is to have its own secretariat.
Etter lovforslaget skal representantskapet ha et eget sekretariat.
“An independent and professionally strong secretariat is important for enabling the Supervisory Council to carry out its important oversight tasks,” says Minister of Finance Kristin Halvorsen.
- Et uavhengig og faglig sterkt sekretariat er viktig for at representantskapet skal kunne utføre sine viktige tilsynsoppgaver, sier finansminister Kristin Halvorsen.
Statutory internal auditing Internal auditing is an important control tool for the board.
Lovfesting av internrevisjon Internrevisjon er et viktig kontrollredskap for styret.
Norges Bank has built up a separate internal auditing unit.
Norges Bank har bygget opp en egen internrevisjonsenhet.
“Such an important control scheme should be enshrined in statute,” says Minister of Finance Kristin Halvorsen.
- En så viktig kontrollordning bør lovfestes, sier finansminister Kristin Halvorsen.
Download the report (PDF).
Last ned rapporten (PDF).
The Government will take advantage of the opportunities in the High North
Regjeringen vil ta nordområdene i bruk
“The Government will take advantage of more of the opportunities in the High North.
Regjeringens Nordområdestrategi- Regjeringen vil ta nordområdene mer i bruk.
Our efforts will create jobs, ensure better protection of the environment, safeguard Norwegian sovereignty and maintain good neighbourly relations,” said Prime Minister Stoltenberg.
Det vil gi arbeidsplasser, bedre miljø og sikre norsk suverenitet og godt naboskap, sier statsminister Stoltenberg.
Today the Government presents its integrated High North strategy.
I dag presenterer regjeringen sin helhetlige nordområdestrategi i Tromsø.
No.: 168-06 Date: 01.12.2006
Nr.: 168-06 Dato: 01.12.06
“The Government will take advantage of more of the opportunities in the High North.
- Regjeringen vil ta nordområdene mer i bruk.
Our efforts will create jobs, ensure better protection of the environment, safeguard Norwegian sovereignty and maintain good neighbourly relations,” said Prime Minister Jens Stoltenberg.
Det vil gi arbeidsplasser, bedre miljø og sikre norsk suverenitet og godt naboskap, sier statsminister Jens Stoltenberg.
Today the Government presents its integrated High North strategy in Tromsø.
I dag presenterer regjeringen sin helhetlige nordområdestrategi i Tromsø.
This is a national strategy with international ambitions and includes both foreign policy and domestic policy issues.
En nasjonal strategi med internasjonale ambisjoner som dekker både utenrikspolitiske og innenrikspolitiske tema.
This is both foreign policy and domestic policy,” said Mr Stoltenberg.
Dette er både utenrikspolitikk og innenrikspolitikk, sier Stoltenberg.
The whole Government has been involved in developing the strategy, with input from important actors and centres of excellence in North Norway and the rest of the country.
Hele regjeringen har vært involvert i å utvikle strategien, med innspill fra viktige aktører og kompetansemiljøer i Nord-Norge og resten av landet.
The Government intends to:
Regjeringen vil
improve living conditions, opportunities and the quality of life for all those who live in the High North;
utvikle levekår, livsmuligheter og livskvalitet for alle som bor i nord,
exercise our authority in the High North in a credible, consistent and predictable way;
utøve myndighet i nord på en troverdig, konsekvent og forutsigbar måte,
put Norway at the top of the league in terms of generating knowledge in and about the High North;
plassere Norge i front internasjonalt når det gjelder utvikling av kunnskap om, for og i nordområdene,
ensure that Norway is the best steward of the environment and the natural resources in the High North;
sørge for at Norge er den fremste forvalter av miljøet og naturressursene i nordområdene