More about additionality<\/h3>Read how Norfund makes a difference<\/span><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\nThe illustration below shows how Norfund works and how investments in 2020 contributed to creating jobs, increasing energy access and supply and strengthening\u00ad\u00ad\u00ad financial inclusion. When Norfund is no longer considered additional, the investments are exited. The proceeds are then reinvested in new enterprises with greater need for risk capital. ( The exit from SN Power<\/a> released capital to be deployed in the years ahead, but the settlement and transfer of shares took place in January 2021 and does not appear in the financial statements for 2020).<\/p>\n\n\n\n![\"\"](\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/05\/Investment_circle_2020-2.png\")
<\/figure>\n\n\n\n\nKey Figures 2020<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n<\/div>\n\n\n\n<\/p>\n\n\n\n
\nNorfund strategy 2019-2022<\/h2>\n\n\n\n
Norfund\u2019s strategy is rooted in the mandate, informed by the UN Sustainable Development Goals and reflects the priorities of the Norwegian government\u2019s development assistance policy.<\/p>\n\n\n\n
Norfund invests in four areas where the potential for development impact is substantial and that are aligned with the SDGs. <\/p>\n\n\n\n
Eight ambitions are defined for these investment areas to be achieved by the end of 2022:<\/p>\n\n\n\n
Clean energy<\/h3>\n\n\n\n\n\n![\"\"](\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/05\/E-WEB-Goal-07-1024x1024.png\")
<\/figure><\/div>\n<\/div>\n\n\n\n\n- 5,000 MW new capacity financed, of which 4000 MW is renewable<\/li>
- 1.5 million households provided with access to electricity<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Clean energy investments and results 2020<\/a> <\/p>\n\n\n\nFinancial institutions<\/h3>\n\n\n\n\n\n![\"\"](\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/05\/E-WEB-Goal-09-1024x1024.png\")
<\/figure><\/div>\n<\/div>\n\n\n\n\n- 15 million new clients are offered financial services<\/li>
- 130 billion NOK more extended in loans to clients<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Financial institution investments and results 2020<\/a><\/p>\n\n\n\nScalable enterprises<\/h3>\n\n\n\n\n\n![\"\"](\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/05\/E-WEB-Goal-08-1024x1024.png\")
<\/figure><\/div>\n<\/div>\n\n\n\n\n- 50,000 jobs created through direct investments and funds<\/li>
- 2 billion NOK increased total revenues due to realised growth<\/li>
- Partnerships established with larger industrial actors<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Scalable enterprises investments and results 2020<\/a><\/p>\n\n\n\nGreen infrastructure<\/h3>\n\n\n\n\n\n![\"\"](\"https:\/\/reports.norfund.no\/wp-content\/uploads\/sites\/2\/2021\/05\/E-WEB-Goal-11-1024x1024.png\")
<\/figure><\/div>\n<\/div>\n\n\n\n\n- 1 billion NOK invested in 6\u201310 investments in waste management, water and power networks\/transmission<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Green Infrastructures investments and results 2020<\/a><\/p>\n\n\n\nKey Performance Indicators<\/h3>\n\n\n\n
To track progress Norfund also measure progress towards five key performance indicators (KPIs) :<\/p>\n\n\n\n
- Sub-Saharan Africa > 50%<\/li>
- Least Developed Countries > 33%<\/li>
- Equity Investments > 70%<\/li>
- Greenfield Investments > 15% of three-years moving average of annual commitments<\/li>
- Renewable energy > 50% share of accumulated allocated capital from government<\/li><\/ul>\n\n\n\n
Portfolio status in 2020 according to Key Performance Indicators <\/a><\/p>\n<\/div><\/div>\n\n\n\n\n<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n\nA responsible and active investor<\/h2>\n\n\n\n
Norfund is an active owner of our portfolio companies, contributing expertise and sound corporate governance \u2013 helping our investees to improve their environmental and social performance. <\/p>\n\n\n\n
\nNorfund’s new Environmental, Social and Governance policy <\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n
If environ\u00admental and social risks are not addressed appropriately, harm can be caused both to people and to the environ\u00adment. The management of environmental and social risks is therefore an integral part of Norfund\u2019s investment process. Norfund uses the Environmental and Social Sustainability Performance Standards of the World Bank\u2019s International Finance Corporation (IFC). This framework covers eight stand\u00adards that form the basis for our assessments and follow-up interventions.<\/strong><\/p>\n\n\n\nNorfund requires high standards of business integrity from employees and business partners and communicates its no-tolerance approach to all stakeholders. <\/p>\n\n\n\n
\nMore about Norfund’s business integrity policy and other governing documents at norfund.no<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\nPrinciples for Responsible Investments (PRI)<\/h3>\n\n\n\n
Since 2017, Norfund has been a signatory to the Principles for Responsible Investment<\/a>. (PRI) initiative. The PRI outlines six principles for responsible investment that Norfund has committed to and report on annually. The six principles reflect the increasing relevance of environmental, social and corporate governance issues to investment practices.<\/p>\n\n\n\nOperating Principles for Impact Management<\/h3>\n\n\n\n
The \u201cOperating Principles for Impact Management\u201d<\/a> is a new investment tool that has established a market consensus for the management of investments for impact. The principles were developed by the International Finance Corporation (IFC), in consultation with a core group of stakeholders and draw on emerging best practices. They provide a reference point against which the impact management systems of funds and institutions may be assessed.<\/p>\n\n\n\nNorfund was among the first founding signatories. In April 2020, Norfund signed its first Disclosure Statement which affirms that Norfund investments and operations are managed in alignment with these Principles.<\/p>\n\n\n\n
\nNorfund Disclosure Statement Operating Principles for Impact Management<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n
<\/p>\n\n\n
<\/div>\n\n\n\nA minority investor<\/h2>\n\n\n\n
Norfund invests jointly with other partners, and always as a minority
investor. By being a significant minority investor, Norfund has influence, while supporting local ownership and encouraging other investors to invest in developing countries.<\/p>\n\n\n\n
Strategic partners and co-investors<\/h3>\n\n\n\n
Norfund\u2019s ownership will normally not exceed 35 per cent of a company. This means we always depend on competent and trusted partners. Norfund has clear guidelines for how to analyse and evaluate potential partners. The partner\u2019s areas of expertise and knowledge, previous and existing positions and relationships, other roles in the society and reputation are among the factors that are carefully considered.<\/p>\n\n\n\n
Being a minority investor is a principle that is defined in Norfund\u2019s mandate. This can enable other international investors to invest in developing countries and also supports local ownership.<\/p>\n\n\n\n
Co-investing this way enables Norfund to leverage additional capital and to provide the industrial and local knowledge needed for each investment. <\/p>\n\n\n\n
<\/figure>\n\n\n\nKey Figures 2020<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n<\/div>\n\n\n\n<\/p>\n\n\n\n
\nNorfund strategy 2019-2022<\/h2>\n\n\n\n
Norfund\u2019s strategy is rooted in the mandate, informed by the UN Sustainable Development Goals and reflects the priorities of the Norwegian government\u2019s development assistance policy.<\/p>\n\n\n\n
Norfund invests in four areas where the potential for development impact is substantial and that are aligned with the SDGs. <\/p>\n\n\n\n
Eight ambitions are defined for these investment areas to be achieved by the end of 2022:<\/p>\n\n\n\n
Clean energy<\/h3>\n\n\n\n\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 5,000 MW new capacity financed, of which 4000 MW is renewable<\/li>
- 1.5 million households provided with access to electricity<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Clean energy investments and results 2020<\/a> <\/p>\n\n\n\nFinancial institutions<\/h3>\n\n\n\n\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 15 million new clients are offered financial services<\/li>
- 130 billion NOK more extended in loans to clients<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Financial institution investments and results 2020<\/a><\/p>\n\n\n\nScalable enterprises<\/h3>\n\n\n\n\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 50,000 jobs created through direct investments and funds<\/li>
- 2 billion NOK increased total revenues due to realised growth<\/li>
- Partnerships established with larger industrial actors<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Scalable enterprises investments and results 2020<\/a><\/p>\n\n\n\nGreen infrastructure<\/h3>\n\n\n\n\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 1 billion NOK invested in 6\u201310 investments in waste management, water and power networks\/transmission<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Green Infrastructures investments and results 2020<\/a><\/p>\n\n\n\nKey Performance Indicators<\/h3>\n\n\n\n
To track progress Norfund also measure progress towards five key performance indicators (KPIs) :<\/p>\n\n\n\n
- Sub-Saharan Africa > 50%<\/li>
- Least Developed Countries > 33%<\/li>
- Equity Investments > 70%<\/li>
- Greenfield Investments > 15% of three-years moving average of annual commitments<\/li>
- Renewable energy > 50% share of accumulated allocated capital from government<\/li><\/ul>\n\n\n\n
Portfolio status in 2020 according to Key Performance Indicators <\/a><\/p>\n<\/div><\/div>\n\n\n\n\n<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n\nA responsible and active investor<\/h2>\n\n\n\n
Norfund is an active owner of our portfolio companies, contributing expertise and sound corporate governance \u2013 helping our investees to improve their environmental and social performance. <\/p>\n\n\n\n
\nNorfund’s new Environmental, Social and Governance policy <\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n
If environ\u00admental and social risks are not addressed appropriately, harm can be caused both to people and to the environ\u00adment. The management of environmental and social risks is therefore an integral part of Norfund\u2019s investment process. Norfund uses the Environmental and Social Sustainability Performance Standards of the World Bank\u2019s International Finance Corporation (IFC). This framework covers eight stand\u00adards that form the basis for our assessments and follow-up interventions.<\/strong><\/p>\n\n\n\nNorfund requires high standards of business integrity from employees and business partners and communicates its no-tolerance approach to all stakeholders. <\/p>\n\n\n\n
\nMore about Norfund’s business integrity policy and other governing documents at norfund.no<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\nPrinciples for Responsible Investments (PRI)<\/h3>\n\n\n\n
Since 2017, Norfund has been a signatory to the Principles for Responsible Investment<\/a>. (PRI) initiative. The PRI outlines six principles for responsible investment that Norfund has committed to and report on annually. The six principles reflect the increasing relevance of environmental, social and corporate governance issues to investment practices.<\/p>\n\n\n\nOperating Principles for Impact Management<\/h3>\n\n\n\n
The \u201cOperating Principles for Impact Management\u201d<\/a> is a new investment tool that has established a market consensus for the management of investments for impact. The principles were developed by the International Finance Corporation (IFC), in consultation with a core group of stakeholders and draw on emerging best practices. They provide a reference point against which the impact management systems of funds and institutions may be assessed.<\/p>\n\n\n\nNorfund was among the first founding signatories. In April 2020, Norfund signed its first Disclosure Statement which affirms that Norfund investments and operations are managed in alignment with these Principles.<\/p>\n\n\n\n
\nNorfund Disclosure Statement Operating Principles for Impact Management<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n
<\/p>\n\n\n
<\/div>\n\n\n\nA minority investor<\/h2>\n\n\n\n
Norfund invests jointly with other partners, and always as a minority
investor. By being a significant minority investor, Norfund has influence, while supporting local ownership and encouraging other investors to invest in developing countries.<\/p>\n\n\n\n
Strategic partners and co-investors<\/h3>\n\n\n\n
Norfund\u2019s ownership will normally not exceed 35 per cent of a company. This means we always depend on competent and trusted partners. Norfund has clear guidelines for how to analyse and evaluate potential partners. The partner\u2019s areas of expertise and knowledge, previous and existing positions and relationships, other roles in the society and reputation are among the factors that are carefully considered.<\/p>\n\n\n\n
Being a minority investor is a principle that is defined in Norfund\u2019s mandate. This can enable other international investors to invest in developing countries and also supports local ownership.<\/p>\n\n\n\n
Co-investing this way enables Norfund to leverage additional capital and to provide the industrial and local knowledge needed for each investment. <\/p>\n\n\n\n
<\/p>\n\n\n\n
Norfund strategy 2019-2022<\/h2>\n\n\n\n
Norfund\u2019s strategy is rooted in the mandate, informed by the UN Sustainable Development Goals and reflects the priorities of the Norwegian government\u2019s development assistance policy.<\/p>\n\n\n\n
Norfund invests in four areas where the potential for development impact is substantial and that are aligned with the SDGs. <\/p>\n\n\n\n
Eight ambitions are defined for these investment areas to be achieved by the end of 2022:<\/p>\n\n\n\n
Clean energy<\/h3>\n\n\n\n\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 5,000 MW new capacity financed, of which 4000 MW is renewable<\/li>
- 1.5 million households provided with access to electricity<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Clean energy investments and results 2020<\/a> <\/p>\n\n\n\nFinancial institutions<\/h3>\n\n\n\n\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 15 million new clients are offered financial services<\/li>
- 130 billion NOK more extended in loans to clients<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Financial institution investments and results 2020<\/a><\/p>\n\n\n\nScalable enterprises<\/h3>\n\n\n\n\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 50,000 jobs created through direct investments and funds<\/li>
- 2 billion NOK increased total revenues due to realised growth<\/li>
- Partnerships established with larger industrial actors<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Scalable enterprises investments and results 2020<\/a><\/p>\n\n\n\nGreen infrastructure<\/h3>\n\n\n\n\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 1 billion NOK invested in 6\u201310 investments in waste management, water and power networks\/transmission<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Green Infrastructures investments and results 2020<\/a><\/p>\n\n\n\nKey Performance Indicators<\/h3>\n\n\n\n
To track progress Norfund also measure progress towards five key performance indicators (KPIs) :<\/p>\n\n\n\n
- Sub-Saharan Africa > 50%<\/li>
- Least Developed Countries > 33%<\/li>
- Equity Investments > 70%<\/li>
- Greenfield Investments > 15% of three-years moving average of annual commitments<\/li>
- Renewable energy > 50% share of accumulated allocated capital from government<\/li><\/ul>\n\n\n\n
Portfolio status in 2020 according to Key Performance Indicators <\/a><\/p>\n<\/div><\/div>\n\n\n\n\n<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n\nA responsible and active investor<\/h2>\n\n\n\n
Norfund is an active owner of our portfolio companies, contributing expertise and sound corporate governance \u2013 helping our investees to improve their environmental and social performance. <\/p>\n\n\n\n
\nNorfund’s new Environmental, Social and Governance policy <\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n
If environ\u00admental and social risks are not addressed appropriately, harm can be caused both to people and to the environ\u00adment. The management of environmental and social risks is therefore an integral part of Norfund\u2019s investment process. Norfund uses the Environmental and Social Sustainability Performance Standards of the World Bank\u2019s International Finance Corporation (IFC). This framework covers eight stand\u00adards that form the basis for our assessments and follow-up interventions.<\/strong><\/p>\n\n\n\nNorfund requires high standards of business integrity from employees and business partners and communicates its no-tolerance approach to all stakeholders. <\/p>\n\n\n\n
\nMore about Norfund’s business integrity policy and other governing documents at norfund.no<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\nPrinciples for Responsible Investments (PRI)<\/h3>\n\n\n\n
Since 2017, Norfund has been a signatory to the Principles for Responsible Investment<\/a>. (PRI) initiative. The PRI outlines six principles for responsible investment that Norfund has committed to and report on annually. The six principles reflect the increasing relevance of environmental, social and corporate governance issues to investment practices.<\/p>\n\n\n\nOperating Principles for Impact Management<\/h3>\n\n\n\n
The \u201cOperating Principles for Impact Management\u201d<\/a> is a new investment tool that has established a market consensus for the management of investments for impact. The principles were developed by the International Finance Corporation (IFC), in consultation with a core group of stakeholders and draw on emerging best practices. They provide a reference point against which the impact management systems of funds and institutions may be assessed.<\/p>\n\n\n\nNorfund was among the first founding signatories. In April 2020, Norfund signed its first Disclosure Statement which affirms that Norfund investments and operations are managed in alignment with these Principles.<\/p>\n\n\n\n
\nNorfund Disclosure Statement Operating Principles for Impact Management<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n
<\/p>\n\n\n
<\/div>\n\n\n\nA minority investor<\/h2>\n\n\n\n
Norfund invests jointly with other partners, and always as a minority
investor. By being a significant minority investor, Norfund has influence, while supporting local ownership and encouraging other investors to invest in developing countries.<\/p>\n\n\n\n
Strategic partners and co-investors<\/h3>\n\n\n\n
Norfund\u2019s ownership will normally not exceed 35 per cent of a company. This means we always depend on competent and trusted partners. Norfund has clear guidelines for how to analyse and evaluate potential partners. The partner\u2019s areas of expertise and knowledge, previous and existing positions and relationships, other roles in the society and reputation are among the factors that are carefully considered.<\/p>\n\n\n\n
Being a minority investor is a principle that is defined in Norfund\u2019s mandate. This can enable other international investors to invest in developing countries and also supports local ownership.<\/p>\n\n\n\n
Co-investing this way enables Norfund to leverage additional capital and to provide the industrial and local knowledge needed for each investment. <\/p>\n\n\n\n
<\/figure><\/div>\n<\/div>\n\n\n\n- 5,000 MW new capacity financed, of which 4000 MW is renewable<\/li>
- 1.5 million households provided with access to electricity<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Clean energy investments and results 2020<\/a> <\/p>\n\n\n\n
Financial institutions<\/h3>\n\n\n\n
\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 15 million new clients are offered financial services<\/li>
- 130 billion NOK more extended in loans to clients<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Financial institution investments and results 2020<\/a><\/p>\n\n\n\n
Scalable enterprises<\/h3>\n\n\n\n
\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 50,000 jobs created through direct investments and funds<\/li>
- 2 billion NOK increased total revenues due to realised growth<\/li>
- Partnerships established with larger industrial actors<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Scalable enterprises investments and results 2020<\/a><\/p>\n\n\n\n
Green infrastructure<\/h3>\n\n\n\n
\n\n<\/figure><\/div>\n<\/div>\n\n\n\n\n- 1 billion NOK invested in 6\u201310 investments in waste management, water and power networks\/transmission<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n
Green Infrastructures investments and results 2020<\/a><\/p>\n\n\n\n
Key Performance Indicators<\/h3>\n\n\n\n
To track progress Norfund also measure progress towards five key performance indicators (KPIs) :<\/p>\n\n\n\n
- Sub-Saharan Africa > 50%<\/li>
- Least Developed Countries > 33%<\/li>
- Equity Investments > 70%<\/li>
- Greenfield Investments > 15% of three-years moving average of annual commitments<\/li>
- Renewable energy > 50% share of accumulated allocated capital from government<\/li><\/ul>\n\n\n\n
Portfolio status in 2020 according to Key Performance Indicators <\/a><\/p>\n<\/div><\/div>\n\n\n\n
\n<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n
\nA responsible and active investor<\/h2>\n\n\n\n
Norfund is an active owner of our portfolio companies, contributing expertise and sound corporate governance \u2013 helping our investees to improve their environmental and social performance. <\/p>\n\n\n\n
\nNorfund’s new Environmental, Social and Governance policy <\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n
If environ\u00admental and social risks are not addressed appropriately, harm can be caused both to people and to the environ\u00adment. The management of environmental and social risks is therefore an integral part of Norfund\u2019s investment process. Norfund uses the Environmental and Social Sustainability Performance Standards of the World Bank\u2019s International Finance Corporation (IFC). This framework covers eight stand\u00adards that form the basis for our assessments and follow-up interventions.<\/strong><\/p>\n\n\n\n
Norfund requires high standards of business integrity from employees and business partners and communicates its no-tolerance approach to all stakeholders. <\/p>\n\n\n\n
\nMore about Norfund’s business integrity policy and other governing documents at norfund.no<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n\n\n\n
Principles for Responsible Investments (PRI)<\/h3>\n\n\n\n
Since 2017, Norfund has been a signatory to the Principles for Responsible Investment<\/a>. (PRI) initiative. The PRI outlines six principles for responsible investment that Norfund has committed to and report on annually. The six principles reflect the increasing relevance of environmental, social and corporate governance issues to investment practices.<\/p>\n\n\n\n
Operating Principles for Impact Management<\/h3>\n\n\n\n
The \u201cOperating Principles for Impact Management\u201d<\/a> is a new investment tool that has established a market consensus for the management of investments for impact. The principles were developed by the International Finance Corporation (IFC), in consultation with a core group of stakeholders and draw on emerging best practices. They provide a reference point against which the impact management systems of funds and institutions may be assessed.<\/p>\n\n\n\n
Norfund was among the first founding signatories. In April 2020, Norfund signed its first Disclosure Statement which affirms that Norfund investments and operations are managed in alignment with these Principles.<\/p>\n\n\n\n
\nNorfund Disclosure Statement Operating Principles for Impact Management<\/h3><\/div><\/div><\/div><\/a><\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n
<\/p>\n\n\n
<\/div>\n\n\n\nA minority investor<\/h2>\n\n\n\n
Norfund invests jointly with other partners, and always as a minority
investor. By being a significant minority investor, Norfund has influence, while supporting local ownership and encouraging other investors to invest in developing countries.<\/p>\n\n\n\nStrategic partners and co-investors<\/h3>\n\n\n\n
Norfund\u2019s ownership will normally not exceed 35 per cent of a company. This means we always depend on competent and trusted partners. Norfund has clear guidelines for how to analyse and evaluate potential partners. The partner\u2019s areas of expertise and knowledge, previous and existing positions and relationships, other roles in the society and reputation are among the factors that are carefully considered.<\/p>\n\n\n\n
Being a minority investor is a principle that is defined in Norfund\u2019s mandate. This can enable other international investors to invest in developing countries and also supports local ownership.<\/p>\n\n\n\n
Co-investing this way enables Norfund to leverage additional capital and to provide the industrial and local knowledge needed for each investment. <\/p>\n\n\n\n
- 1 billion NOK invested in 6\u201310 investments in waste management, water and power networks\/transmission<\/li><\/ul>\n<\/div>\n<\/div>\n\n\n\n