Press release: DNB first central bank to sign the Principles for Responsible Investment

Press release
Date 20 March 2019

Today, we present our Responsible Investment Charter and sign the Principles for Responsible Investment (PRI). By signing the PRI DNB commits itself, as the first central bank, to integrating six environmental, social and governance (ESG) principles in its investment practices. Signing the PRI is part of DNB’s new Corporate Social Responsibility (CSR) strategy, which was published today.

Responsible investment

As an investor in the financial markets, DNB strives to make the economy more sustainable and manage the ESG risks of its own reserves. DNB commits to invest these reserves, amounting to over EUR 19 billion, in a responsible manner. The Responsible Investment Charter sets out DNB’s responsible investment policy for the years ahead. By sharing its approach DNB hopes to inspire other central banks and the financial sector.

CSR strategy

Responsible investment of its own reserves is one of the key focus areas of DNB’s new CSR strategy. CSR perfectly fits DNB’s mission: as a central bank, supervisor and resolution authority, DNB works to ensure a financial system that contributes to sustainable prosperity. As an independent organisation with a long term orientation, DNB is well positioned to promote CSR initiatives. The new CSR strategy for 2019-2025 focuses on two themes that tie in with DNB’s mission and mandate:

  1. Sustainable economic growth that has no harmful effects on the environment
  2. An inclusive financial and economic system

These themes have been further specified in six key priorities (including responsible investment) and are in line with four of the UN's Sustainable Development Goals.