Jeanett Bergan, the Head of Responsible Investments at Norwegian mutual insurer and asset manager KLP, has resigned to take a sustainability role with PwC in Norway.
Team member Annie Bersagel has become Acting Head of Responsible Investments, Bersagel told Responsible Investor – adding Bergan has taken a position with the accounting and corporate services firm. PwC has most recently in the news for the Oscar announcement fiasco.
KLP (Kommunal Landspensjonskasse) is Norway’s largest life insurance company.
Bergan – whose Twitter handle is “Engaged in sustainability for humans, society, the environment and investments” – has long been a leading figure in the sustainable investment area, having been in the role since 2007 following roles at KPMG and Storebrand. Her first mention in Responsible Investor was in June 2008.The team now comprises Bersagel, CSR Director Heidi Finskas, Advisor Marte Siri Storaker and Environmental Consultant Petter Natås.
Last month KLP announced a 1.4% return on assets in the fourth quarter of 2016 and a 5.6% return for the year as a whole.
In December, KLP announced nine new company exclusions, four of them for involvement in coal production. Among them was Brazil’s Eletrobras over corruption and energy firms Kosmos Energy and Cairn Energy due to their oil exploration activities off the coast of Western Sahara.
In all, KLP excludes 157 companies from its investments for contravening its responsible investment guidelines.
With reporting by Carlos Tornero.