Respons from the Norwegian Government General update

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Respons from the Norwegian Government

  1. General update

  1. Steps to implement the UNGPs (not exhaustive):

  • Norway has recently launched the National Action Plan for Business and Human Rights: (only in Norwegian, will be available in English shortly)

  • The UNGP is included as a reference in the Governments white papers on Human rights (page 57 and on)

State ownership (page 81)

  1. National Action Plan:

  • Launched October 12, 2015

  • Ministry of Foreign Affairs had the main responsibility in coordinating and developing the NAP. All ministries were involved in this work. Particularly relevant; Ministry of Trade, Industry and Fisheries, Ministry of Finance and Ministry of Justice.

  • Different stakeholders were invited to give input to the NAP, both in meetings and in writing. Business and civil society contributed.

  • On a general basis the Ministry of Foreign Affairs organises “Kompakt”-meetings (multi stakeholder initiative). Read more:

  1. Business enterprises owned or controlled by the state

  1. State owned enterprises – due diligence:

  • The Governments expectations is outlined in the white paper on state ownership:

  • Risk management, due diligence and reporting are covered in chapter 8.3.3 Corporate Social Responsibility

  1. Joint Ventures (has to be further investigated)

  1. Publicly owned funds:

  • The Government Pension Fund Global is managed by Norges Bank based on a mandate set by the Norwegian Ministry of Finance. The Bank’s policy on responsible investment is outlined here:

  • The Ministry of Finance has asked Norges Bank to consider whether it can draw up an expectation document for human rights (directed to companies in which the Fund is invested), and which areas of human rights it would consider including, by 1 February 2016. The Ministry will report on this subject in its white paper to the Storting (Parliament) on the management of the Government Pension Fund in spring 2016.

  1. Publicly owned/controlled financial institutions and human rights:

  • Export Credit Norway and CSR policy

  • Export Credit Guarantee Agency's (GIEK) and CSR

  • Norfund and CSR

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