The ethical policies of the Norwegian Government Pension Fund – Global may be cited as the ‘gold standard’ abroad, but the fund has no intention of resting on its laurels. As the government begins its review of the NKr2,053.1bn (€255bn, $400bn,) fund’s already robust ethical guidelines, it is seeking advice from all over the world.

One suggestion is to expand beyond the current negative exclusion policy to screen positively for the “best” companies to invest in. Another is to make a specific allocation to investments that help fight climate change, and a third to build closer ties between the body making exclusion decisions and the investment division seeking to work actively with companies on corporate governance issues.