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Norges Bank Investment Management, the central
bank division that manages Norway's wealth fund, would offer
flexible working to its 520 employees in Oslo, London,
Singapore, Shanghai, Tokyo and Luxembourg, Nicolai Tangen told a
parliamentary hearing.
"We are thinking that after the pandemic we will allow up to two
days a week of home office and we have two fixed days in the
office for everyone for meetings," Tangen said, adding that this
was a way of attracting and retaining talented staff.
The policy would also apply to the rest of the central bank.
"You need to offer flexibility in a different way than before.
It is just not acceptable to require people to be in the office
all the time. I think it shows that you don't trust people,"
Tangen told Reuters.
The world's largest sovereign wealth fund is among organisations
both large and small rethinking ways of working for employees as
they adapt to the health restrictions that have upended
traditional patterns.
In the finance sector, commercial banks are moving to harness
working from home to cut costs, while investment banks want to
traders and advisers back in the office.
Tangen also told the hearing that the fund would raise the bar
on which companies will be included in its portfolio.
"We will now be doing more screening in advance of small
companies, before they are included in the portfolio," he said.
This will come in addition to a proposed plan to reduce the
number of companies in the fund's global reference index, mostly
by cutting the number of small companies.
(Editing by Terje Solsvik and Alexander Smith)
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