Norges Bank Investment Management (NBANK) investor relations material

Opening insights and conference theme

• Explored the concept of 'winning culture' as the only true competitive advantage in a world where strategies, talent, and technology can be copied.

• Emphasized that culture is hardest to build and maintain, especially as AI reshapes organizations.

• Conference structured around fundamentals, transformation, high-performance in the age of AI, and a live podcast with Jamie Dimon.

Keynote perspectives on culture and leadership

• Culture is the glue that determines how decisions are made, risks are taken, and organizations move forward.

• High agency and ambition are common traits in high-performing organizations, with culture driven from the top and embodied by leadership.

• Winning cultures focus on customer-first, employee empowerment, and long-term vision, not just financial results.

Transformation and execution in established organizations

• Transforming culture in legacy organizations requires clarity of purpose, simplicity, and alignment of incentives.

• Leaders must foster a decency quotient—fairness, directness, and consistency—to build trust and ownership.

• Execution, not strategy, is often the main challenge; changing practices and breaking down silos are key.