GAPP Principle 23

The assets and investment performance (absolute and relative to benchmarks, if any) of the SWF should be measured and reported to the owner according to clearly defined principles or standards.

Status: Implemented

The performance of the GPFG is measured according to the Global Investment Performance Standards (GIPS) and reported to the asset owner (Ministry of Finance) on a quarterly basis. The benchmark indices are described in detail in the management mandate issued to Norges Bank.

Sources: GPFG mandate, Regulation on Financial Reporting, Norges Bank’s website.