Annual Report 2023

Et bilde som inneholder tekst, Font, skjermbilde, brev

Automatisk generert beskrivelse

Et bilde som inneholder tekst, skjermbilde, Font, dokument

Automatisk generert beskrivelse

Et bilde som inneholder tekst, skjermbilde, Font, brev

Automatisk generert beskrivelse

Et bilde som inneholder tekst, brev, skjermbilde, Font

Automatisk generert beskrivelse

Summary of what the stakeholder group thinks is most significant

 Stakeholder analysis conducted in spring 2021

The Board’s strategy meeting

Resource group meetings

Owner meetings

Our owners expect KLP to deliver secure and competitive pension savings, and that work has a bearing on sustainability 

KLP can play a major role in contributing to a sustainable working life and being a partner in the transition the municipalities are going through, a lot of it related to climate

Strategy process with other Group management matters

Interviews with MDs of subsidiaries

Should help with the challenges our owners face

Desktop analysis of e.g. NOUs (official Norwegian reports), parliamentary announcements and other relevant documents related to sustainability

Expectations that the finance industry should play a key role in the green transition in Norwegian society and business

New legal requirements on sustainability

Increased focus from the Financial Supervisory Authority on companies’ assessment of climate and nature risk

Expect transparency and actions with a real effect 

Questionnaire

Interviews with key persons on sustainability

Workshop with all sustainability teams in the Group

Earlier internal analyses and due diligence assessments

Employees specifically highlight working conditions, pension guidance, corporate governance, purchasing, financial crime and privacy issues

Key persons also raise issues around climate, nature, procurement and tax

• Securities investments (see below for which topics are significant)

Sections within KLP’s sustainability accounts

Attachment II: PAI reporting for the KLP Group

5.1 Construction of new buildings and major renovations of buildings (EO4)

7.5 Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings (EO1)

Estimated energy consumption reduced by at least 30% compared to current needs

7.2 Renovation of existing buildings (EO1)

Use of climate-friendly materials such as solid wood, low-carbon concrete or recycled materials. 

6.3 Urban, suburban and road passenger transport (EO1)

6.11 Sea and coastal passenger water transport (EO1)

6.15 Infrastructure enabling low-carbon road transport (EO1)

Shore power, charging points and port infrastructure

6.16 Infrastructure enabling low-carbon water transport (EO1)

Separation of waste water and surface water

4.25 Production of heat/cool using waste heat (EO1)

Increase energy efficiency by at least 20 per cent

5.2 Renewal of water collection, treatment and supply systems (EO1)


Modify the facility to meet a climate change adaptation need	


5.2 Renewal of water collection, treatment and supply systems (EO1)


2.11 Preparation for re-use of end-of-life products and product components (EO4)

Measures to increase the degree of sorting

11.1 Collection and transport of non-hazardous and hazardous waste as a means for material recovery (EO4)

11.7 Sorting and material recovery of non-hazardous waste (EO4)

The Board of Directors of Kommunal Landspensjonskasse gjensidig forsikringsselskap

KPI off-balance sheet exposures based on capex

KPI off-balance sheet exposures based on turnover

Debt instruments classified as loans and receivables²

Loans to local government, enterprises & retail customers

Debt instruments at fair value through profit or loss

 Debt to credit institutions (amortised cost) 

 Liabilities and deposits from customers 

 Debt to credit institutions (fair value) 

 ² related to non-life insurance business 

Annual Report 2023KLP Group, Sustainability Report and KLP

Independent Auditor´s report