Norway Oil Fund How Norway S Oil Fund Investment Policy Can Be Ethical
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Norway Oil Fund How Norway S Oil Fund Investment Policy Can Be Ethical
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Author : Tomiwa Ogunrinde
language : en
Publisher: GRIN Verlag
Release Date : 2021-07-27
Norway Oil Fund How Norway S Oil Fund Investment Policy Can Be Ethical written by Tomiwa Ogunrinde and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-27 with Business & Economics categories.
Seminar paper from the year 2020 in the subject Business economics - Business Ethics, Corporate Ethics, grade: A, University of Ibadan, language: English, abstract: Norway experienced an economic surpluses following improvement of its hydrocarbon resources during the 70s. This reality changed the fate of the country and they made plan for the future towards economic sustainability. This was the birth of the Norway Oil Fund also known as Government Pension Fund-Global (GPF-G). The Sovereign Wealth Fund exists as a drawn out monetary saving guaranteeing that Norway not simply the current age profit and appreciate from the nation oil riches. The Fund is $1tn and owns an average of 1.4 per cent of every listed company worldwide. The GPF-G was charged with making investment in areas that promote corporate governance, sustainable development in economic, social, and environmental terms. However, the GPF-G has come under domestic and international pressure over ethical violations in the manner in which the fund are said to have been invested in companies that promotes gambling, alcohol, forced labour, cluster bombs and nuclear weapons
The Norwegian Oil Fund A Principal Agent Analysis Of Political Decisions
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Author : Alexander Rühl
language : en
Publisher: GRIN Verlag
Release Date : 2017-02-27
The Norwegian Oil Fund A Principal Agent Analysis Of Political Decisions written by Alexander Rühl and has been published by GRIN Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-27 with Political Science categories.
Research Paper (undergraduate) from the year 2017 in the subject Politics - Topic: Globalization, Political Economics, University of applied sciences, Munich, language: English, abstract: This assignment investigates the decisions that were made by Norway's Finance Minister Siv Jensen and Prime Minister Erna Solberg in 2016 to withdraw money from the Government Pension Fund Global in order to compensate for a governmental budget deficit. The starting point will be a brief overview over Norway’s economic situation and a look into the structure and the investment strategy of the oil fund. The analysis of the decision to plunge into the fund is based on the Principal-Agent Theory and the Consumption-Saving Decision and therefore these theories are explained further on. The political decision is then analysed based on these theories, and outcomes of alternative decisions are depicted.
Norway S Sovereign Wealth Fund
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Author : Asbjorn Osland
language : en
Publisher:
Release Date : 2019
Norway S Sovereign Wealth Fund written by Asbjorn Osland and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with Investments, Foreign categories.
Norway's Government Pension Oil Fund Global (the Oil Fund) is funded by the excess revenues generated by Norway's oil and gas sales and income from existing holdings in the Oil Fund. It had grown to USD 1 trillion in assets, making it the world's largest sovereign wealth fund. The Council on Ethics (2016) advised the Oil Fund on what types of companies should be excluded for ethical violations. This came at the behest of several NGOs, with the concurrence of Parliament. Energy companies that derived 30% or more of their energy from coal should not be part of the Oil Fund; so too mining companies that derived over 30% of their revenues from coal were excluded. The irony was that the Oil Fund was financed by the sale of fossil fuels outside of Norway, which produced enormous amounts of greenhouse gas (GHG) emissions. As Signe Andresen and Marit Vik discuss the environmental, ethical, and decision-making issues around the Oil Fund's investments and management, key questions are raised. Should Norway's Oil Fund, which is dependent on excess revenues generated by Norway's oil and gas sales, take a strong stance against coal? Who would benefit from this stance? Should the Oil Fund promote non-renewable sources of energy use? If so, should it work with companies that are making progress away from coal or simply cut them off and remove their stocks from the portfolio?
Norway S Sovereign Wealth Fund
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Author : Ole Bjørn Røste
language : en
Publisher: Springer Nature
Release Date : 2021-07-19
Norway S Sovereign Wealth Fund written by Ole Bjørn Røste and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-19 with Business & Economics categories.
This book elaborates on how Norway has managed to convert a large fraction of its endowment of hydrocarbons below the seabed of Norwegian waters into financial wealth, invested in the world’s capital markets. Further, it explains how this wealth is managed. Under the current guidelines, only the assessed return on investment may be allotted to public budgets. This ensures that the wealth will benefit both current and future generations. The capital is gathered in the Sovereign Wealth Fund – or State Pension Fund Global (SPF-G) –, which is intended to maximize capital value without exceeding acceptable risks. The book offers new insights into the history and management of the fund, examines its successes,and discusses future challenges. Given its scope, it appeals to scholars of economics, finance and political science, and to anyone interested in the sustainable investment of natural resource-based revenues.
Sovereign Wealth Funds Local Content Policies And Csr
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Author : Eduardo G. Pereira
language : en
Publisher: Springer Nature
Release Date : 2021-01-25
Sovereign Wealth Funds Local Content Policies And Csr written by Eduardo G. Pereira and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-01-25 with Business & Economics categories.
This book explores three particular strategies in the extractives sector for creating shared wealth, increased labour opportunities and positive social, environmental and economic outcomes from corporate projects, namely: state wealth funds (SWF), local content policies (LCP) and corporate social responsibility (CSR) practices. Collectively, the chapters explore the associated experiences and challenges in different parts of the world with the view to inform equitable and sustainable development for the communities living adjacent to extractives sites and the wider society and environment. Examples of LCPs, SWFs and CSR practices from 12 jurisdictions with diverse experiences offer usefull insights. The book illuminates challenges and opportunities for sustainable development outcomes of the extractives sector. It reflects the need to take on board the lessons of these global experiences in order to improve outcomes for poverty reduction, inequality reduction and sustainable development.
Trillion Dollar Baby
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Author : Paul Cleary
language : en
Publisher: Biteback Publishing
Release Date : 2016-09-02
Trillion Dollar Baby written by Paul Cleary and has been published by Biteback Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-02 with Business & Economics categories.
For most of its history, the remote and near-Arctic nation of Norway has eked out a marginal existence from fishing, forestry and shipping. That is, until Christmas Eve 1969, when oil was discovered off its southern coast. Rather than squandering the profits (as the UK did with its North Sea oil), when the revenue began flowing, Norway put in place the most robust and visionary framework for extracting maximum benefit from non-renewable resources found anywhere in the world. Less than twenty years after the country began investing in what is now called the Government Pension Fund, Norway has the largest sovereign wealth fund in the world, with assets of US$870 billion. What's more, the fund is on track to hit the US$1 trillion mark by 2020. Not only is every Norwegian now a (krone) millionaire and enjoying the highest standard of living in the world, they will be able to hand down this endowment to their children and grandchildren. Norway's savings strategy means that it has taken a non-renewable resource and turned it into a financial asset that can last long after the oil wealth has been completely exhausted. This is the story of how they did it.
The New Frontiers Of Sovereign Investment
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Author : Malan Rietveld
language : en
Publisher: Columbia University Press
Release Date : 2017-05-16
The New Frontiers Of Sovereign Investment written by Malan Rietveld and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-16 with Business & Economics categories.
Sovereign wealth funds (SWFs) can be effective tools for national resources revenue management. These state-owned investments, funded by commodity exports, foreign exchange reserves, or other national assets, are adaptable to the challenges posed by financial shocks and have been successfully employed in an increasing number of countries. The number of SWFs continues to grow, with the largest funds managing trillions of dollars in assets among them. However, given the significant variations among SWFs, it can be difficult to compare funds that differ in size, scope, and mandate. This book provides a sorely needed practical look at how these funds work—and how they should work. The New Frontiers of Sovereign Investment combines the insights and experience of academic economists and practitioners from several funds to survey a diverse financial landscape and establish the challenging topical questions facing a broad range of SWFs today: Should they serve both economic development and financial returns, and how? Will responsible investment enhance long-term returns? How can fiscal rules for SWFs be improved to meet emerging economic challenges? The book considers these questions as they apply to both long-established and newer SWFs. Featuring contributions from sovereign wealth practitioners from Alberta's AIMCo, the Nigerian Sovereign Investment Authority, and the New Zealand Superannuation Fund, as well as analysis by scholars at the forefront of sovereign investment, this volume provides timely and much-needed information on these rapidly evolving institutions.
The Personal Memoirs Of Joffre
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Author : Joseph Jacques Césaire Joffre
language : en
Publisher: New York ; London : Harper
Release Date : 1932
The Personal Memoirs Of Joffre written by Joseph Jacques Césaire Joffre and has been published by New York ; London : Harper this book supported file pdf, txt, epub, kindle and other format this book has been release on 1932 with World War, 1914-1918 categories.
Oil To Cash
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Author : Todd Moss
language : en
Publisher: CGD Books
Release Date : 2015-06-10
Oil To Cash written by Todd Moss and has been published by CGD Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-06-10 with Business & Economics categories.
Oil to Cash explores one option to help countries with new oil revenue avoid the so-called resource curse: just give the money directly to citizens. A universal, transparent, and regular cash transfer would not only provide a concrete benefit to regular people, but would also create powerful incentives for citizens to hold their government accountable. Oil to Cash details how and where this idea could work and how policymakers can learn from the experiences with cash transfers in places like Mexico, Mongolia, and Alaska.
A Guide To Sustainable Corporate Responsibility
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Author : Caroline D. Ditlev-Simonsen
language : en
Publisher: Springer Nature
Release Date : 2022
A Guide To Sustainable Corporate Responsibility written by Caroline D. Ditlev-Simonsen and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Industrial management categories.
This open access book discusses the challenges and opportunities faced by companies in an age that increasingly values sustainability and demands corporate responsibility. Beginning with the historical development of corporate responsibility, this book moves from academic theory to practical application. It points to ways in which companies can successfully manage their transition to a more responsible, sustainable way of doing business, common mistakes to avoid and how the UN Sustainable Development Goals are integral to any sustainability transformation. Practical cases illustrate key points. Drawing on thirty years of sustainability research and extensive corporate experience, the author provides tools such as a Step-by-Step strategic guide on integrating sustainability in collaboration with stakeholders including employees, customers, suppliers and investors. The book is particularly relevant for SMEs and companies operating in emerging markets. From a broader perspective, the value of externalities, full cost pricing, alternative economic theories and circular economy are also addressed.