Norfund 2023 AR2
The report outlines Norfund's activities and impact for the fiscal year 2023 under its Development and Climate Mandates. During the year, the company committed a total of NOK 6.5 billion, matching its record from the previous year, despite challenging macroeconomic conditions in developing markets. Under the Development Mandate, Norfund's portfolio companies supported 625,000 jobs, including 37,200 new jobs created, and avoided 6.2 million tons of CO2e emissions. Under the Climate Mandate, the company financed 4,244 MW of new renewable energy capacity, which is expected to avoid 8.5 million tons of CO2e emissions annually once operational. Financially, Norfund achieved a positive result after tax of NOK 1,896 million, significantly aided by interest income and currency effects.
Company: Norfund
Sector: Finance & insurance
Country: Norway
Year: 2023
Type: AR2
Pages: 251
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Norfund
Annual Report
The report outlines Norfund's activities and impact for the fiscal year 2023 under its Development and Climate Mandates. During the year, the company committed a total of NOK 6.5 billion, matching its record from the previous year, despite challenging macroeconomic conditions in developing markets. Under the Development Mandate, Norfund's portfolio companies supported 625,000 jobs, including 37,200 new jobs created, and avoided 6.2 million tons of CO2e emissions. Under the Climate Mandate, the company financed 4,244 MW of new renewable energy capacity, which is expected to avoid 8.5 million tons of CO2e emissions annually once operational. Financially, Norfund achieved a positive result after tax of NOK 1,896 million, significantly aided by interest income and currency effects.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women on Board
Women in Management
Net Zero Target
Employees