{"id":11,"date":"2021-04-26T11:55:20","date_gmt":"2021-04-26T09:55:20","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=11"},"modified":"2021-06-02T21:05:44","modified_gmt":"2021-06-02T19:05:44","slug":"norfund-and-the-sdgs","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2020\/this-is-norfund\/norfund-and-the-sdgs\/","title":{"rendered":"Norfund and the SDGs"},"content":{"rendered":"\n<p class=\"has-ingress-font-size\">Norfund is committed to contributing to implementing and supporting the UN Sustainable Development Goals.<\/p>\n\n\n\n<p>Norfund is the Norwegian government\u2019s main instrument for strengthening the private sector in developing countries to contribute to poverty reduction (SDG 1: No Poverty).<\/p>\n\n\n\n<p>Our mission and strategy for 2019-2022 are based on the UN Sustainable Development Goals.<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"720\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/05\/SDG_Trekant_3-1024x720.png\" alt=\"\" class=\"wp-image-759\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/05\/SDG_Trekant_3-1024x720.png 1024w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/05\/SDG_Trekant_3-300x211.png 300w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/05\/SDG_Trekant_3-768x540.png 768w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/05\/SDG_Trekant_3-1536x1080.png 1536w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/05\/SDG_Trekant_3.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Norfund&#8217;s <strong>mission <\/strong>is to create jobs and improve lives by investing in businesses that drive sustainable development (SDG 8: Decent Work and Economic Growth). <\/p>\n\n\n\n<p>As defined in Norfund\u2019s strategy, the investments are concentrated in four <strong>investment areas <\/strong>that each also contribute directly to SDG targets: <\/p>\n\n\n\n<ul><li><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/investments-areas\/clean-energy-2\/\">Clean Energy<\/a> investments contribute to SDG 7-1 (universal access to energy services) and SDG 7-2 (increase share of renewables in the global energy mix)<\/li><li><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/investments-areas\/financial-institutions-test-29-4\/\">Financial Institutions<\/a> investments contribute to SDG 8-10 (universal access to financial services) and SDG  9-3 (increased access to financial services for small and medium sized enterprises (SMEs) ) <\/li><li><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/investments-areas\/scalable-enterprises\/\">Scalable Enterprises<\/a> investments contribute to SDG 8-5 (productive employment and decent work for all) and SDG 9-2 (promote inclusive and sustainable industrialization ) <\/li><li><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/investments-areas\/green-energy\/\">Green Infrastructure<\/a> investments contribute to SDG 11-6 (clean cities) and SDG 12-5 (reduce waste generation)<\/li><\/ul>\n\n\n\n<div class=\"wp-block-teft-link-list\"><div class=\"teft-link-list__items\">\n<div class=\"wp-block-teft-link-list-item\"><a class=\"teft-link-list-item__holder\" href=\"https:\/\/reports.norfund.no\/annualreport-2020\/responsible-investor\/how-we-work-strategy-2019-2022\/\"><div class=\"teft-link-list-item__content\"><div class=\"teft-link-list-item__content-inner\"><div class=\"teft-link-list-item__content-wrapper\"><h3 class=\"teft-link-list-item__title\">More about Norfund strategy 2019 &#8211; 2020<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n<p>In addition, Norfund\u2019s work to mobilise capital from other investors contributes to reducing inequalities between countries (SDG 10) and to increasing investments in developing countries (SDG 17).<\/p>\n\n\n\n<div class=\"wp-block-group alignfull has-green-light-background-color has-background\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<h2 class=\"alignwide has-text-align-left is-style-line wp-block-heading\" id=\"h-cross-cutting-issues\">Cross-cutting issues<\/h2>\n\n\n\n<p>The cross-cutting issues in Norway\u2019s development policy &#8211; human rights (SDG 8), anti-corruption (SDG 16), gender equality (SDG 5), climate and environment (SDG 13) &#8211; are assessed in all of our investments.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<h3 class=\"wp-block-heading\" id=\"h-human-rights\">Human rights<\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-medium is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-08-1-300x300.png\" alt=\"\" class=\"wp-image-576\" width=\"225\" height=\"225\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-08-1-300x300.png 300w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-08-1-1024x1024.png 1024w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-08-1-150x150.png 150w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-08-1-768x768.png 768w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-08-1.png 1536w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><\/figure><\/div>\n\n\n\n<p>The responsibility to respect hu\u00adman rights is a global standard of expected conduct for businesses and their responsibility as employers worldwide (SDG 8.7). As Norfund\u2019s role is to contribute to building sus\u00adtainable businesses, we require our investees to respect human rights by adhering to the IFC Performance Standards. These standards cover relevant parts of the Declaration of Human Rights and the UN Guiding Principles on Business and Human Rights \u2013 such as the core conventions of the International Labour Organisation (ILO) and indige\u00adnous peoples\u2019 rights.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<h3 class=\"wp-block-heading\" id=\"h-zero-tolerance-for-corruption\"><strong>Zero tolerance for corruption<\/strong><\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-16-1024x1024.png\" alt=\"\" class=\"wp-image-578\" width=\"225\" height=\"225\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-16-1024x1024.png 1024w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-16-300x300.png 300w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-16-150x150.png 150w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-16-768x768.png 768w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-16.png 1536w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><\/figure><\/div>\n\n\n\n<p>Norfund has zero tolerance for corruption in all its investments and activities. We make clear to our portfolio companies that we do not accept any form of corruption and require them to implement anti-corruption programmes. In addition, all Norfund employees and representatives (in\u00adcluding external board members appointed to portfolio com\u00adpanies) are required to sign and abide by Norfund\u2019s Code of Conduct, which prohibits all forms of corruption. If financial irregularities or corruption are suspected, Norfund has a for\u00admal channel to support whistle-blowers.<\/p>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<h3 class=\"is-style-default wp-block-heading\" id=\"h-gender-equality\">Gender Equality <\/h3>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"225\" height=\"225\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/download.png\" alt=\"\" class=\"wp-image-577\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/download.png 225w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/download-150x150.png 150w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<p>Norfund is committed to addressing <strong>gender equality<\/strong> in our own organisation as well as in our investments. We use active ownership to promote equal opportunities for men and women across all levels in our investee companies. <\/p>\n\n\n\n<p>In June 2020, a new gender position was published.  Read more in the following link. <\/p>\n\n\n\n<p><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/responsible-investor\/gender\/\" target=\"_blank\" rel=\"noreferrer noopener\">Gender equality and Norfund&#8217;s new Gender Position<\/a><\/p>\n<\/div><\/div>\n\n\n\n<div style=\"height:1px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow\">\n<h3 class=\"wp-block-heading\" id=\"h-climate\">Climate <\/h3>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft size-large is-resized\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-13-1024x1024.png\" alt=\"\" class=\"wp-image-579\" width=\"225\" height=\"225\" srcset=\"https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-13-1024x1024.png 1024w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-13-300x300.png 300w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-13-150x150.png 150w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-13-768x768.png 768w, https:\/\/reports.norfund.no\/annualreport-2020\/wp-content\/uploads\/sites\/2\/2021\/04\/E_SDG-goals_icons-individual-rgb-13.png 1536w\" sizes=\"(max-width: 225px) 100vw, 225px\" \/><\/figure><\/div>\n<\/div><\/div>\n\n\n\n<p>The climate crisis disproportionally affects poor people in developing countries and is a major threat to the goal of eradicating poverty. <\/p>\n\n\n\n<p>In September 2020, Norfund published a <strong>climate position<\/strong> that outlines how Norfund will assess and address climate change going forward. Read more in the following link.<\/p>\n\n\n\n<p><a href=\"https:\/\/reports.norfund.no\/annualreport-2020\/responsible-investor\/new-climate-position-is-developed\/\" target=\"_blank\" rel=\"noreferrer noopener\">Norfund&#8217;s new Climate Position<\/a><\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Norfund is committed to contributing to implementing and supporting the UN Sustainable Development Goals. Norfund is the Norwegian government\u2019s main instrument for strengthening the private sector in developing countries to contribute to poverty reduction (SDG 1: No Poverty). Our mission and strategy for 2019-2022 are based on the UN Sustainable Development Goals. Norfund&#8217;s mission is [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":12,"parent":3843,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"norfund_header_layout":"hero","norfund_header_layout_image_id":140,"norfund_header_layout_image_focal_point_x":0.32,"norfund_header_layout_image_focal_point_y":0.54,"norfund_header_layout_suptitle":"","norfund_header_layout_subtitle":"","norfund_header_layout_title":"Norfund and the SDGs","teft_cards_image_id":12,"teft_cards_image_focal_point_x":0.61,"teft_cards_image_focal_point_y":0.53,"teft_cards_title":"","teft_cards_excerpt":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Norfund and the SDGs | Annual report 2020<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/reports.norfund.no\/annualreport-2020\/this-is-norfund\/norfund-and-the-sdgs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Norfund and the SDGs | Annual report 2020\" \/>\n<meta property=\"og:description\" content=\"Norfund is committed to contributing to implementing and supporting the UN Sustainable Development Goals. Norfund is the Norwegian government\u2019s main instrument for strengthening the private sector in developing countries to contribute to poverty reduction (SDG 1: No Poverty). Our mission and strategy for 2019-2022 are based on the UN Sustainable Development Goals. 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Norfund is the Norwegian government\u2019s main instrument for strengthening the private sector in developing countries to contribute to poverty reduction (SDG 1: No Poverty). Our mission and strategy for 2019-2022 are based on the UN Sustainable Development Goals. 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