Norges Bank Investment Management (NBIM) is the asset management unit of the Norwegian Central Bank (Norges Bank), on behalf of the Government Pension Global Fund (GPFG). NBIM invests outside of Norway for attractive returns and within the parameters set by the MoF, in order to safeguard the long-term interests of future generations. Its ethical guidelines shape the fund’s investments across asset classes. There is a growing focus on RE and EM, in a bid to achieve its goal of growing middle-income populations.