Stockholm (NordSIP) – Alecta, a Swedish pension fund manager, announced the creation of a new Corporate Governance & Sustainability team within its asset management department. The team will bring together specialists in corporate governance and sustainability from within Alecta and will be led by Carina Silberg (Pictured), Alecta’s new Head of Corporate Governance and Sustainability as of September 1st.
The Corporate Governance & Sustainability Team
The decision is the result of a decision by Alecta’s board to increase its focus on corporate governance and sustainability to facilitate the necessary conditions for the continuous and sustainable creation of long-term returns for its customers. The new group and the specialised knowledge within will allow Alecta to gather core expertise to support the company’s asset managers integration of ESG factors into their decision-making processes.
Alecta also takes a broader approach in the nomination committee work where more people in the organisation will be involved in decision-making and analysis.
In a comment accompanying the announcement, Hans Sterte, Head of Asset Management at Alecta, highlighted the relevance of ESG integration for the creation of long-term returns. He also the new team will, among other things, support function for the equity, fixed income and real estate units within Alecta’s asset management.
Silberg will replace Ramsay Brufer, who has overseen Alecta’s corporate governance work. He will retire in 2021 but will assist Silberg with the transition to this new framework and building up the new team.
Silberg has been working as sustainability manager at Alecta since 2017. In that role, she has been involved in Alecta’s integration of ESG issues in asset management and the goals set in financial sustainability, as well as in increasing the transparency of corporate governance work. Before joining Alecta, Silberg worked at the communications agency Hallvarsson & Halvarsson, where she was responsible for the agency’s CSR and sustainability communication. She has also worked as an analyst at the sustainability advisor GES Investment Services.
On the occasion of this announcement, Silberg echoed Sterte’s comments about the relevance of ESG integration, adding that the new team would also contribute to a closer dialogue between Alecta and its companies and facilitate clearer engagement.
Image courtesy of Alecta, by Evelina Carborn