ProZ.com global directory of translation services
 The translation workplace
Ideas
KudoZ home » Dutch to English » Other

Noorse Lijst

English translation: "Norwegian List"


Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs
(or are passionate about them). Participation is free and the site has a strict confidentiality policy.
GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
Dutch term or phrase:Noorse Lijst
English translation:"Norwegian List"
Entered by: Naomi Portnoy
Options:
- Contribute to this entry
- Include in personal glossary

17:27 Jul 18, 2008
Dutch to English translations [PRO]
Bus/Financial - Other
Dutch term or phrase: Noorse Lijst
I am looking for the English translation of 'Noorse Lijst', that Generali uses for all their investments.

Thanks,
Naomi
Naomi Portnoy
Local time: 13:59
"Norwegian List"
Explanation:
I know it's not terribly helpful to suggest "Norwegian List" as a translation for this, but here's my reasoning (based, it has to be said, almost entirely on guesswork!):

My hunch is that this is to do with ethical investing.

In 1990, the Norwegian government established a pension fund to safeguard the country's oil revenues for use by future generations. This pension fund is now worth over $220 billion (incidentally, it's a shame the UK government didn't do something similar!).

In 2004 an independent Council on Ethics was established to review the environmental and social aspects of companies that the fund invests in.

There is a very public list of companies which have been excluded from the fund on ethical grounds (including Wal-Mart, Boeing etc.) – see http://www.regjeringen.no/en/dep/fin/Selected-topics/andre/E...

The Norwegian fund is something of a model for other ethical investment funds around the world, who follow its lead on what is and what is not considered a suitably "ethical" investment (it's not always clear cut).

Thus, the "Norwegian List" may be a list of those companies which the Norwegian Council on Ethics has deemed unfit to invest in. It's possible that Generali uses this list rather than go to the trouble of itself deciding what constitutes an unethical investment (which is, as I say, not always straightforward).

See also:
http://en.wikipedia.org/wiki/The_Petroleum_Fund_of_Norway
http://www.norges-bank.no/Templates/Article____69365.aspx
http://www.finfacts.ie/irelandbusinessnews/publish/article_1...
http://www.ipe.com/news/Norway_consults_on_ethical_pension_g...

--------------------------------------------------
Note added at 16 hrs (2008-07-19 09:43:36 GMT)
--------------------------------------------------


The link supplied by writeaway confirms my hunch: this does indeed refer to the list of companies in which the Norwegian Government Pension Fund does not invest on ethical grounds.

Here is a section from the Generali website (which appears to be down at the moment):

Noorse lijst
Onderdeel van de ethische beleggingsrichtlijnen is de zogeheten Noorse lijst. Op initiatief van het Noorse Staatspensioenfonds is een lijst opgesteld waarin men vanuit ethische overwegingen niet belegt. Deze Noorse lijst, die breed in de markt wordt gehanteerd, is opgesteld om te voorkomen dat investeringen bijdragen aan omstreden activiteiten zoals ernstige schendingen van fundamentele humanitaire principes en mensenrechten, grootschalige corruptie of ernstige milieuschade.

(courtesy of Google cache: http://216.239.59.104/search?q=cache:zgwApaMIHoYJ:www.genera... )

As far as I'm aware, it's not generally known simply as the "Norwegian list" in English, so you will probably have to include an explanation in parenthesis (depending on the context and the target readership).
Selected response from:

Neil Cross
United Kingdom
Local time: 12:59
Grading comment
Thanks so much for this very helpful information!

Naomi
4 KudoZ points were awarded for this answer



Summary of answers provided
2 +2"Norwegian List"
Neil Cross


Discussion entries: 1





  

Answers


5 hrs   confidence: Answerer confidence 2/5Answerer confidence 2/5 peer agreement (net): +2
"Norwegian List"


Explanation:
I know it's not terribly helpful to suggest "Norwegian List" as a translation for this, but here's my reasoning (based, it has to be said, almost entirely on guesswork!):

My hunch is that this is to do with ethical investing.

In 1990, the Norwegian government established a pension fund to safeguard the country's oil revenues for use by future generations. This pension fund is now worth over $220 billion (incidentally, it's a shame the UK government didn't do something similar!).

In 2004 an independent Council on Ethics was established to review the environmental and social aspects of companies that the fund invests in.

There is a very public list of companies which have been excluded from the fund on ethical grounds (including Wal-Mart, Boeing etc.) – see http://www.regjeringen.no/en/dep/fin/Selected-topics/andre/E...

The Norwegian fund is something of a model for other ethical investment funds around the world, who follow its lead on what is and what is not considered a suitably "ethical" investment (it's not always clear cut).

Thus, the "Norwegian List" may be a list of those companies which the Norwegian Council on Ethics has deemed unfit to invest in. It's possible that Generali uses this list rather than go to the trouble of itself deciding what constitutes an unethical investment (which is, as I say, not always straightforward).

See also:
http://en.wikipedia.org/wiki/The_Petroleum_Fund_of_Norway
http://www.norges-bank.no/Templates/Article____69365.aspx
http://www.finfacts.ie/irelandbusinessnews/publish/article_1...
http://www.ipe.com/news/Norway_consults_on_ethical_pension_g...

--------------------------------------------------
Note added at 16 hrs (2008-07-19 09:43:36 GMT)
--------------------------------------------------


The link supplied by writeaway confirms my hunch: this does indeed refer to the list of companies in which the Norwegian Government Pension Fund does not invest on ethical grounds.

Here is a section from the Generali website (which appears to be down at the moment):

Noorse lijst
Onderdeel van de ethische beleggingsrichtlijnen is de zogeheten Noorse lijst. Op initiatief van het Noorse Staatspensioenfonds is een lijst opgesteld waarin men vanuit ethische overwegingen niet belegt. Deze Noorse lijst, die breed in de markt wordt gehanteerd, is opgesteld om te voorkomen dat investeringen bijdragen aan omstreden activiteiten zoals ernstige schendingen van fundamentele humanitaire principes en mensenrechten, grootschalige corruptie of ernstige milieuschade.

(courtesy of Google cache: http://216.239.59.104/search?q=cache:zgwApaMIHoYJ:www.genera... )

As far as I'm aware, it's not generally known simply as the "Norwegian list" in English, so you will probably have to include an explanation in parenthesis (depending on the context and the target readership).


Neil Cross
United Kingdom
Local time: 12:59
Works in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 8
Grading comment
Thanks so much for this very helpful information!

Naomi

Peer comments on this answer (and responses from the answerer)
agree  writeaway: lots of information on www in Dutch too explaining what Generali mean by the Norse Lijst. What other translation could one possible give anyway? http://64.233.183.104/search?q=cache:lPqol-B3PmUJ:www.genera...
8 hrs
  -> You know, I didn't think to look at the Generali website (d'oh!). Thanks, writeaway.

agree  Kitty Brussaard
12 hrs
  -> Thanks, Kitty.
Login to enter a peer comment (or grade)




Return to KudoZ list


KudoZ™ translation help
The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.



See also: