{"id":4,"date":"2021-05-25T14:29:49","date_gmt":"2021-04-21T08:53:21","guid":{"rendered":"https:\/\/norfund.wpenginepowered.com\/annualreport-2020\/?page_id=4"},"modified":"2024-05-27T16:12:04","modified_gmt":"2024-05-27T14:12:04","slug":"norfund-annual-report-2020","status":"publish","type":"page","link":"https:\/\/reports.norfund.no\/annualreport-2023\/norfund-annual-report-2020\/","title":{"rendered":"Norfund Annual Report 2023 – Old frontpage"},"content":{"rendered":"\n
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Portfolio<\/h3>
31.7<\/span><\/span><\/div>

billion NOK total commitments<\/p><\/div>\n<\/div>\n\n\n\n

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Jobs <\/h3>
514,000<\/span><\/span><\/div>

in the portfolio companies <\/p><\/div>\n<\/div>\n\n\n\n

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Return<\/h3>
5.1<\/span>%<\/span><\/div>

IRR since inception
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See all key figures<\/a><\/div>\n<\/div>\n<\/div><\/div>\n\n\n\n
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Letter from the CEO<\/p>\n\n\n\n

At the onset of 2022, none of us could have imagined the year that was to come. The war that is ravaging not only Ukraine, but the world economy, is far from over. Foreign direct investment flows are retracting from emerging markets, as the reverberations of war and the lasting impact of COVID-19 are being felt in the markets we operate in.<\/p>\n\n\n\n

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Letter from the CEO<\/a><\/div>\n<\/div>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n
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Key events<\/h2>\n<\/div>\n\n\n\n
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Norfund makes a difference<\/p>\n\n\n\n

Norfund contributes to establishing viable, profitable undertakings that would not otherwise be initiated because of the high risk involved. <\/p>\n\n\n\n

As of end 2022, there were 514,000 jobs in the portfolio companies under the Development Mandate. In total, the companies provided 1.8 million new households with access to electricity, over 32 million clients received financial services and 6.3 million tonnes of CO2 emissions were avoided. <\/p>\n\n\n\n

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Read more<\/a><\/div>\n<\/div>\n\n\n\n

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Our Investment Areas<\/h2>\n\n\n\n

Norfund prioritises investments in four investment areas under the Development Mandate that are aligned with the UN’s Sustainable Development Goals. Here you can read about the financial results and development effects in each investment area. <\/p>\n<\/div>\n\n\n\n

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Renewable Energy<\/h2>\t\t\t<\/div>\n\n\t\t\t
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Financial Inclusion<\/h2>\t\t\t<\/div>\n\n\t\t\t
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Green Infrastructure<\/h2>\t\t\t<\/div>\n\n\t\t\t
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The Climate Mandate<\/h2>\n\n\n\n

In 2022 the Climate Investment Fund managed by Norfund became operational. The fund is Norway\u2019s most important tool in accelerating the global energy transition by investing in renewable energy in developing countries with large emissions from coal and other fossil power production.<\/p>\n<\/div>\n\n\n\n

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Find out how Norfund is investing in the transition to net zero<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Letter from the CEO At the onset of 2022, none of us could have imagined the year that was to come. The war that is ravaging not only Ukraine, but the world economy, is far from over. Foreign direct investment flows are retracting from emerging markets, as the reverberations of war and the lasting impact […]<\/p>\n","protected":false},"author":10,"featured_media":0,"parent":0,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"norfund_header_layout":"story","norfund_header_layout_image_id":6653,"norfund_header_layout_image_focal_point_x":0.52,"norfund_header_layout_image_focal_point_y":0.49,"norfund_header_layout_suptitle":"Annual Report","norfund_header_layout_subtitle":"","norfund_header_layout_title":"2023","teft_cards_image_id":0,"teft_cards_image_focal_point_x":0,"teft_cards_image_focal_point_y":0,"teft_cards_title":"","teft_cards_excerpt":"","footnotes":""},"class_list":["post-4","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"\nNorfund Annual Report 2023 - Old frontpage | Annual Report 2023<\/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-2023\/norfund-annual-report-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Norfund Annual Report 2023 - Old frontpage | Annual Report 2023\" \/>\n<meta property=\"og:description\" content=\"Letter from the CEO At the onset of 2022, none of us could have imagined the year that was to come. 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