NorNAB - Norwegian National Advisory Board for Impact Investing

What NorNAB - Norwegian National Advisory Board for Impact Investing does

NorNAB (Norwegian National Advisory Board for Impact Investing; legal name: NorNAB - Norsk forening for impact investeringer) is an independent, member-based non-profit association founded in February 2023 and headquartered in Oslo, Norway. The organization operates as Norway's officially designated National Advisory Board for Impact Investing, a position formally affiliated with GSG Impact since October 2023, which connects it to a global network of 36 National Advisory Boards representing 41 member countries. Its stated mission is to grow and develop Norway's impact investing ecosystem and direct capital toward the UN Sustainable Development Goals through awareness-building, knowledge dissemination, and member collaboration.

NorNAB's core offerings revolve around a membership program and a content/research portfolio. The membership network spans asset managers, foundations, family offices, institutional investors, sustainability consultants, accelerators, NGOs, and impact-focused companies, with member benefits including quarterly Open Network Events, exclusive Insight Circle sessions, Executive Roundtables, targeted workshops, and Work Stream collaboration initiatives. The organization produces original research, most notably the 2023 State of Impact Investing in Norway survey (which estimated the Norwegian impact investing market at NOK 100 billion) and a Norwegian-language Guide to Impact Investing developed with Norsif and funded by Finance Market Fund, alongside an ongoing 'Impact Investing in Practice' webinar series. Operationally, NorNAB is a lean organization with 2-10 staff members, currently led by interim CEO Mette Lindbæk (appointed August 2025) with Jan Erik Saugestad (CEO of Storebrand Asset Management) serving as Chair.

The business model is subscription-based membership fees (annual billing, pricing not publicly disclosed) supplemented by grant funding for specific content products. Distribution is exclusively direct to member organizations in Norway, with international reach achieved through the GSG Impact network. The organization has built a broad partnership footprint across WWF, Norfund, Norsif, ILX Fund, CSP at the University of Zürich, Thommessen, Laerdal Group, WiKIT, Norad, and the Norwegian Foundation Association, leveraging these for co-hosted events and content development rather than as distribution or revenue channels.

Name

NorNAB - Norwegian National Advisory Board for Impact Investing

Legal name

NorNAB - Norsk forening for impact investeringer

Website

https://nornab.no

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

NorNAB is Norway's official National Advisory Board for Impact Investing, operating as an independent member-based non-profit that connects Norwegian asset managers, foundations, family offices, and institutional investors through events, research, and the GSG Impact global network.

Ownership category

akta.pro rank

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: NorNAB operates as a membership-based organization. Organizations join as members to gain access to exclusive insights, reports, networking events, workshops, and the NorNAB community of impact investors. The membership base includes asset managers, foundations, family offices, institutional investors, and impact-focused companies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels10 records

Core offering

NorNAB is an independent, member-based non-profit organization that serves as Norway's National Advisory Board for impact investing. It provides a membership network, educational guides, market surveys, exclusive events (Insight Circle, Executive Roundtables, Open Network Events), and a webinar series to connect asset managers, foundations, family offices, and institutional investors working to advance the UN Sustainable Development Goals.

Product overview

NorNAB (Norwegian National Advisory Board for Impact Investing) is an independent, member-based organization that serves as Norway's ecosystem for impact investments. The organization offers a platform of services including a Norwegian-language Guide to Impact Investing, regular open network events, exclusive Insight Circle sessions for members, the 'Impact Investing in Practice' webinar series, and research publications including the State of Impact Investing in Norway survey. NorNAB's membership network connects asset managers, foundations, family offices, institutional investors, and sustainability professionals to drive capital towards the UN Sustainable Development Goals. The organization does not offer a software product but rather serves as a knowledge hub, networking platform, and advocacy body for the Norwegian impact investing community.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Norwegian impact investing market estimated at NOK 100 billion (2023)
• +3 more outcomes

Named customers11 records

Segments7 records

Ideal customer profiles4 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

15 partnerships are on record, tiered core and secondary.

• CSP at University of ZürichcoreStrategic or Co-development Partner · 10 February 2025NorNAB partnered with the Center for Sustainable Finance and Private Wealth (CSP) at University of Zürich for exclusive content partnership. Provides NorNAB members free access to CSP's digital sessions and upcoming reports on topics including systemic change, multi-capital strategies, and combining philanthropy with investing. Members receive discounts on CSP's courses.
• GSG ImpactcoreStrategic or Co-development Partner · 1 October 2023NorNAB officially became a National Partner of GSG Impact (Global Steering Group for Impact Investment) as of October 1st, 2023. GSG Impact is an international organization catalyzing impact investments to benefit people and the planet, with 41 member countries represented through 36 National Advisory Boards. NorNAB connects Norwegian impact investing to this global network covering 60% of global population.
• WWFsecondaryStrategic or Co-development PartnerNorNAB partnered with WWF to host a blended finance event focusing on how public and private capital can be strategically combined to achieve Sustainable Development Goals. The event explored how blended finance can unlock funds for sustainable projects in climate and nature conservation.
• NorfundsecondaryStrategic or Co-development PartnerNorNAB co-hosted a seminar with Norfund on sustainable finance opportunities in emerging markets, aimed at Nordic-based institutional investors. Norfund is a key Norwegian DFI in the NorNAB network.
• NorsifsecondaryStrategic or Co-development PartnerNorNAB co-hosted seminar with Norsif (Norwegian Sustainable Investment Forum) exploring sustainable finance in emerging markets for institutional investors.
• ILX FundsecondaryStrategic or Co-development PartnerNorNAB co-hosted seminar with ILX Fund on sustainable finance in emerging markets, focused on how emerging markets can provide strong returns and social impact.
• The ConduitsecondaryGTM or Marketing PartnerNorNAB collaborated with The Conduit to host a roundtable on investment opportunities in India, bringing together Norwegian and Indian stakeholders.
• The Modern India (DMI)secondaryGTM or Marketing PartnerNorNAB collaborated with DMI and Indian Embassy in Norway for roundtable discussion on India's rapidly expanding economy, green energy sectors, and GIFT City financial hub.
• Indian Embassy in NorwaysecondaryGTM or Marketing PartnerPartnered with NorNAB for India investment roundtable, providing diplomatic and business connectivity between India and Norway.
• ThommessensecondaryImplementation/ SI/ Consulting PartnerThommessen law firm hosted NorNAB network meeting providing SFDR update and legal guidance, with NorNAB members sharing practical experiences.
• Laerdal GroupsecondaryStrategic or Co-development PartnerNorNAB co-hosted session with Laerdal Group focusing on education, technology and health as growth areas for impact investors in Stavanger.
• WiKIT (International Centre for EdTech Impact)secondaryStrategic or Co-development PartnerNorNAB partnered with WiKIT for education impact event, bringing together researchers, investors, and policymakers.
• NoradsecondaryStrategic or Co-development PartnerNorNAB co-hosted seminar on foundations and global development with Norad, Norwegian Foundation Association, and Gi Effektivt.
• Norwegian Foundation AssociationsecondaryStrategic or Co-development PartnerCo-hosted seminar exploring how Norwegian foundations can contribute globally through philanthropy and investment.
• Gi EffektivtsecondaryStrategic or Co-development PartnerCo-hosted seminar on foundations and global development, focusing on effective altruism approaches.

Scale indicators4 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Bundesinitiative Impact Investing (Germany NAB): GSG Impact NAB for Germany, comparable national mandate for impact investing ecosystem development, policy engagement, and membership convening. Another direct European NAB peer.
• Impact Europe (formerly EVPA): Pan-European membership network for venture philanthropy and impact investing with comparable convening, research, and policy advocacy functions. Closest European peer in scale and scope to what NorNAB aims to be at the national level.
• UK National Advisory Board for Impact Investing: GSG Impact-affiliated NAB for the United Kingdom with similar structure: member-based, convening UK impact investors, producing research and policy guidance. Most direct structural analog to NorNAB at a more mature market stage.
• Norsif (Norwegian Sustainable Investment Forum): Norway's primary sustainable investment membership organization serving institutional investors, asset managers, and advisors. Closest domestic peer to NorNAB with overlapping membership, joint event programming, and complementary (broader ESG vs. impact-focused) mandates.

Broad incumbents

• PRI (Principles for Responsible Investment): UN-backed network of 5,000+ signatories committed to responsible investment. Norwegian asset managers like Storebrand and KLP are signatories; PRI's broader ESG/responsible investment mandate overlaps with NorNAB's impact investing focus at the institutional investor level.
• GSG Impact (Global Steering Group for Impact Investment): NorNAB's parent-style affiliation as a National Advisory Board within the GSG Impact network of 36 NABs covering 41 countries. Operates one tier above NorNAB on global policy advocacy and standards-setting for impact investing.
• GIIN (Global Impact Investing Network): The leading global membership organization for impact investing with 400+ members across 50+ countries. NorNAB regularly summarizes GIIN's annual State of the Market report, indicating a content distribution relationship; comparable ecosystem-building mandate but at global scale.

Emerging players

• Phenix Capital Group: Amsterdam-based impact investing platform curating fund manager data, hosting impact investor conferences, and producing market intelligence. Comparable member-serving role with stronger digital/asset-allocation focus than NorNAB.

Regional players

• Swedish Investors for Sustainable Development (TISB): Sweden's equivalent investor network for sustainable development and impact investing, with overlapping Nordic membership and shared regional ecosystem challenges. Comparable Nordic peer; provides cross-border ecosystem learning for NorNAB.
• Nordic Impact: Nordic-wide initiative coordinating impact investing activities across Denmark, Finland, Norway, Sweden, and Iceland. Operates one level above country-specific NABs like NorNAB, focusing on cross-Nordic collaboration and shared infrastructure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nornab

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NorNAB - Norwegian National Advisory Board for Impact Investing