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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.
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).
-------------------------------------------------- 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.
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).
Additional information about the nature of this 'Noorse lijst' would be helpful! The term might refer to the Norwegian Register of Business Enterprises or the Norwegian Register of Securities.
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Answers
5 hrs confidence: 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.
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).
-------------------------------------------------- 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.
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: English PRO pts in category: 8