The Ministry identifies two mechanisms to fulfill these ethical obligations: i) active exercise of ownership rights, carried out by NBIM
; and ii) placing enterprises under observation and exclusion based on recommendations from the Council of Ethics (Chart 2).
has strict criteria for stability and high standards of business conduct when opening investments in a country.
Moghadam added, "This transaction will deliver accretive returns to our shareholders and will enhance our important and successful partnership with NBIM
, which will now exceed $11 billion on two continents."
Of the six NBIM
proposals, the SEC excluded only one (at Staples Inc.).
Norges Bank Investment Management (NBIM
), which manages the fund, brought in former Merrill Lynch director Paul Golding to lead the property drive in London.
Anne Kvam, Global Head of Corporate Governance, Norges Bank Investment Management, said that "The global portfolios managed by NBIM
are exposed to the economic effectsof climate change.
The bank has set up an asset management arm, Norges Bank Investment Management (NBIM
), which is separate from the traditional central bank activities.
specialized arm, Norges Bank Investment Management (NBIM
Citi (NYSE: C) has replaced JP Morgan (NYSE: JPM) as global custodian for Norges Bank Investment Management's (NBIM
) USD850bn global investment portfolio.
24 December 2013 - US industrial properties operator Prologis Inc (NYSE:PLD) said it had inked a final deal to establish a majority-owned joint venture in the US with Norway's Norges Bank Investment Management (NBIM
purchased its 47.5% share of the asset from Beacon Capital, while MetLife increased the current share by 2.5 percentage points.