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.

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