About

KLP, Kommunal Landspensjonskasse, is one of Norway's largest life insurance companies with total assets of NOK 224.2 billion. The company provides pension, financing and insurance services to the local government sector and the state health enterprises as well as to businesses both in the public and the private sectors.

KLP is the leading provider of occupational pensions to the public sector and associated organisations. The mutual ownership model of the parent company in which a customer is also an owner means that KLP must always supply products and solutions in consultation with its customers.

KLP's subsidiaries:
•    KLP Skadeforsikring AS is the largest supplier of non-life insurance to Norwegian municipalities.
•    KLP Eiendom AS is one of Norway's largest property management companies.
•    KLP Fondsforvaltning AS is a large funds manager.
•    KLP Kapitalforvaltning AS is one of Norway's largest asset managers.
•    KLP Forsikringsservice AS is a leading supplier of pension fund services to the local government sector.
•    KLP Bedriftspensjon AS offers defined benefit pensions and defined contribution pensions to companies in both the private and the public sector.
•    KLP Banken AS is a “day-to-day” bank providing good and simple saving and borrowing services.
•    KLP Kommunekreditt AS has considerable experience in lending to Norwegian municipalities and their enterprises.
•    KLP Alternative Investments plc enables KLP to specialize active management mandates
 KLP and its subsidiaries have a total of just over 740 employees.

Strategy

We all leave an environmental footprint. This also applies to an office-based business like KLP. Their investments in other companies, their own property operations and transport and materials usage impact on the world around them; At KLP, they want what they are doing to cause the minimum possible negative environmental impact. To monitor achievement of this goal, they have introduced a range of measures.

KLP will influence the emission of greenhouse gases

KLP has been carbon neutral since the year 2007. 2009 was the third time KLP estimated its emissions of carbon dioxide (CO2) and other greenhouse gases. The estimates were carried out by an external analyst, CO2focus. For 2009, KLP compensated for its emissions from its own operations by buying UN-certified CO2 quotas. Such quotas, or CER (Certified Emission Reductions), finance projects for renewable energy in the Third World.

From May 2007, KLP has been a Norwegian partner in the Carbon Disclosure Project (CDP). This means for example that they will help to encourage Norwegian companies to focus on their emission of greenhouse gases. They shall also challenge the companies in which they invest to develop sound environmental strategies. More about the project

KLP keeps a close eye on their energy consumption

Each month, KLP Eiendom checks the consumption of water, electricity and district heating. In this way, they pick up changes at an early stage. Experience so far shows that this is one of the most effective ways they have of saving energy. The property company has also replaced the vast majority of pavement heating installations with other solutions such as manual and mechanical snow clearance and sweeping.

KLP recirculates, sorts and reuses

KLP recirculates cardboard and paper, glass, electrical articles and computers. Used computer equipment with reuse value is made operable and given away to schools – something they do in cooperation with the Norwegian Ministry of Education and Research.

KLP has initiated measures to return plastic and they give away used office furniture to their own employees, institutions or voluntary associations. They also have a collection system and return scheme for toner cartridges and fluorescent tubes. Office and consumable material is treated as special waste and obsolete electrical material is sorted and destroyed in the approved way.

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