The CEO has overall responsibility for ensuring implementation of and compliance with the responsible investment principles. Applicable expectations are described in the responsible investment guidelines. Responsibility for implementing these guidelines lies with the management group, and is tailored to the different areas and departments.
The equity and fixed income departments have a specific responsibility to integrate responsible investment into their daily operations. Folketrygdfondet has a team-based investment approach. Portfolio managers and dedicated responsible investment staff work together to assess ESG risk and engage with portfolio companies.
We do not distinguish between the management-level roles for climate-related issues as opposed to other issues related to responsible investment. Rather, in 2018, the board approved an amendment to the principles for responsible investment to clarify that, "The Government Pension Fund Norway shall continuously assess and manage material sustainability-related risk, both threats and opportunities."