Norges Bank 2023 AR2
The report details Norges Bank's activities and financial performance for 2023, highlighting its efforts in monetary policy, financial stability, and the management of the Government Pension Fund Global (GPFG) and foreign exchange reserves. Amid high global inflation, the bank raised its policy rate to 4.5% and increased the countercyclical capital buffer to 2.5%. The market value of the GPFG grew to NOK 15,765 billion, driven by strong equity returns, despite a weak return on unlisted real estate. Norges Bank advanced its sustainability strategy, focusing on climate risk management, active ownership to achieve net-zero emissions by 2050, and promoting diversity, resulting in a 36% female employee share. Additionally, the bank calculated the financed greenhouse gas emissions of its foreign exchange reserves for the first time and continued exploring a central bank digital currency.
Company: Norges Bank
Sector: Finance & insurance
Country: Norway
Year: 2023
Type: AR2
Pages: 213
Back to company
Norges Bank
Annual Report
The report details Norges Bank's activities and financial performance for 2023, highlighting its efforts in monetary policy, financial stability, and the management of the Government Pension Fund Global (GPFG) and foreign exchange reserves. Amid high global inflation, the bank raised its policy rate to 4.5% and increased the countercyclical capital buffer to 2.5%. The market value of the GPFG grew to NOK 15,765 billion, driven by strong equity returns, despite a weak return on unlisted real estate. Norges Bank advanced its sustainability strategy, focusing on climate risk management, active ownership to achieve net-zero emissions by 2050, and promoting diversity, resulting in a 36% female employee share. Additionally, the bank calculated the financed greenhouse gas emissions of its foreign exchange reserves for the first time and continued exploring a central bank digital currency.
Sign in for free to access detailed sustainability data, reporting standards, and ESG metrics.
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
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Women in Management
Net Zero Target
Employees