Norwegian sovereign wealth fund Norges Bank Investment Management (NBIM) has named Elisabeth Andvig as Senior Investment Stewardship Manager for Human Rights, sitting within the social team and active ownership department. Andvig brings more than a decade of industry expertise. In her new role, she will contribute to engagement with investee companies, performing qualitative and quantitative analyses of companies’ risk exposure, management and performance, as well as developing NBIM’s policies and practices on ownership activities. An NBIM spokesperson told ESG Investor she would be a “key resource on business and human rights for the fund”. Andvig joins from UNICEF, where she was a programme specialist on children’s rights and responsible business conduct, focusing on global supply chains and prevention of child labour. She previously was a senior advisor at Norway’s National Contact Point for the Organisation for Economic Co-operation and Development Guidelines. Andvig also served as a project specialist on anti-corruption at the World Economic Forum, and spent more than two years as an associate expert on business and human rights at the UN. She will report to NBIM’s Social Team Head, Caroline Eriksen, and will be involved in stewardship activities related to social topics, including human rights. Earlier this month, NBIM excluded Spain-based multinational security firm Prosegur Compania de Seguridad due to an “unacceptable risk” that it was contributing to serious and systematic human rights violations.
