AMWatch

KLP defends exclusions procedure after criticism of senior analyst

KLP knew there would be a reaction when it excluded West Bank companies from its portfolio, but did not expect criticism of individual employees. Norway's largest pension company emphasizes that exclusion decisions are made by the group as a whole, not individuals.

KLP Communications Advisor Glenn Slydal Johansen | Photo: Skjalg Bøhmer Vold/KLP

Pension company KLP has been accused of letting individual employees' opinions influence its decision to exclude 16 companies that do business in the occupied West Bank.

The company denies this, stating that the decision went through the normal procedure for exclusions and the final decision was made by the group CEO.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

OP's AUM growth slows down slightly in Q2

OP Financial Group's mutual funds' AUM increased in Q2, though at a slower pace than in Q1. For the first half year of 2021 as a whole, the bank's mutual funds have attracted more than 100,000 new unitholders.

Further reading

Related articles

Trial banner

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch