The launch of NorNAB
On Thursday, September 14th, 2023, the inaugural general meeting was held for the newly established association NorNAB, an independent membership-based organization working towards the growth and development of the ecosystem for impact investments in Norway.
The members consist of those seeking capital, those offering it, and those working to facilitate these agreements to achieve the UN’s sustainable development goals (SDGs). The general meeting was followed by a launch event for the association, which also has a strong international connection and origin.
The Global Steering Group for Impact Investing is an international assembly of national working groups with the same purpose as NorNAB. In 2013, the Global Steering Group for Impact Investing was established as a “social Impact Investment taskforce” under the British presidency in the G8.
Today, the Global Steering Group for Impact Investing consists of 30 national and regional working groups representing a total of 35 countries. Additionally, there are 30 more national working groups in the works that are on their way to becoming members, including NorNAB, which is scheduled to be admitted to the global group in the autumn of 2023.
The launch of the newly established association took place in the premises of initiator Ferd and was opened by Espen Daae, who is the Chief Investment Officer for Social Investments at Ferd and also the newly elected chairman of NorNAB. Nick Hurd, Chairman of the Global Steering Group for Impact Investments, was also present at the launch and spoke about NorNAB’s role in international cooperation. Nick Hurd is a former minister in the UK and served 14 years as a member of parliament. During his tenure, he took a leading role in developing the UK’s commitment to impact investments.
Sofie Østergaard, Head of ESG at Argentum, was present at the general meeting and launch, and had the following to say about why Argentum wants to be a member and be part of this initiative:
“We look forward to participating in the development of the market for impact investments, and especially to have the opportunity to contribute to the work related to increased understanding and clear definitions within impact investments.”
Read more about NorNAB on their website here.