Norges Bank

Women in finance

Norges Bank is one of the founding partners of Norway's Women in Finance Charter, whose purpose is to increase the proportion of women in leadership positions in the finance industry.

This is a Norwegian initiative, inspired by the UK initiative of the same name launched by HM Treasury in 2016.

The Women in Finance Charter is owned by the Norwegian financial industry through the trade associations Finance Norway, the Norwegian Venture Capital & Private Equity Association, the Norwegian Securities Dealers Association and the Norwegian Fund and Asset Management Association, and is managed by FutureBoards AS.

"Norges Bank aims to recruit more women to executive positions, and we believe that the Women in Finance Charter can play a crucial role in reaching this objective", says Deputy Governor Ida Wolden Bache.

Four principles

By signing the Women in Finance Charter, Norges Bank commits itself to four principles that further the aim of increasing the proportion of women in executive positions.

1. Set internal targets for gender balance in executive positions
Norges Bank’s objective is to have a gender balance of at least 40 percent women for the Bank as a whole. The percentage of women in executive positions in Norges Bank is currently 27 percent.

2. Have one person at an executive level with dedicated responsibility for following up gender balance
Deputy Governor Ida Wolden Bache will be responsible for following up the work for central banking operations and Norges Bank Administration. In Norges Bank Investment Management (NBIM), this responsibility lies with the CEO of NBIM, Nicolai Tangen. All managers are responsible for ensuring gender balance in their own teams.

3. Publish the status of and progress made towards gender balance targets
Progress and the status of gender balance targets will be followed up annually and published in Norges Bank’s Annual Report.

4. Link executive remuneration to the achievement of gender balance targets
This will be a criterion for executive performance assessments at Norges Bank.

Edited 11 February 2022 08:00
Edited 11 February 2022 08:00