Annual Report 2024 KLP Group and KLPKLP Group and KLP

January

• KLP Banken was named Customer Favorite of the Year by the review and price comparison service Bytt.no.
• H.R.H. Crown Prince Haakon and Oslo's Mayor Anne Lindboe visited KLP to get an overview of who KLP is, what the social mission is, and how KLP manages pension funds while prioritizing social responsibility.

February

• KLP celebrates its 75th anniversary.
• KLP invests in Norway's largest ferry company. The acquisition gives KLP a 20 percent ownership stake in Fjord1, making it KLP's largest single investment in a Norwegian infrastructure company.

March

• For the second year in a row, KLP was named one of Norway's most well-known companies, ranking twelfth in Apeland's Traction reputation survey. With a reputation score of 75 out of 100, KLP was the best among all banking and financial companies.
• The KLP fund AksjeEuropa Indeks was named the best European equity fund at the Morningstar Fund Awards. The award was given based on the fund's performance last year, as well as returns and risk over the past three and five years.
• KLP Eiendom makes a record purchase with the agreement to buy Stortorvet 7 AS. With a property value of NOK 2.5 billion, this is KLP Eiendom's largest purchase of a single property ever.

April

• Ellen Langeggen is appointed as the new CEO of KLP Eiendom.
• KLP achieved second place in this year's SHE Index. This is the best ranking the company has ever received in the gender equality survey.
• KLP Banken launches the savings product Fixed Rate Deposit, which offers members the bank's best deposit rate in exchange for locking in the deposit for six months.

May

• KLP's strong results from 2023 continue into 2024, and the company can show solid returns on pension funds in the first quarter of the year. This forms the basis for profits and lower pension costs for the company's customers.

June

• KLP and KLP funds exclude the American company Caterpillar Inc. due to the risk of contributing to human rights and international law violations in the West Bank and Gaza.
• KLP and AFF present the "Future Leaders in Municipal and Health Norway" award for the fourth time to leaders at the start of their leadership careers who take responsibility in an exemplary and forward-looking manner.

August

• KLP's Labor Market Report for 2024 is launched during Arendalsuka. This year's report shows that few employees want to work beyond the age of 67, and employers do not want employees beyond the same age.
• Together with Norfund, KLP enters into an agreement to invest in power lines in India. The investment will contribute to the country's transition from coal power to renewable energy.

September

• KLP launches a new pension calculator where members born in 1963 or later can simulate their pension according to the new pension regulations.
• KLP is among the Norwegian companies named "climate winners" in PwC's Climate Index 2024.

October

• Møre og Romsdal County Municipality chooses to retain KLP as its pension provider after a tender for occupational pensions.

November

• Ålesund Municipality decides to stay with KLP after a tender round for occupational pensions.
• Double silver for KLP Skade in the customer satisfaction survey for the insurance industry. KLP Skade ranked second in both the corporate and private markets.

December

• KLP Banken collaborates with the Tax Administration and launches "Close to Home Buyers," which aims to help bank customers make good choices when building, renovating, or extending. The goal is to reduce the risk of labor market crime and undeclared work.
• KLP becomes the first company in Norway to have its climate targets approved according to SBTi's new standard for science-based climate targets for financial institutions.
• Norway's first index fund, KLP AksjeGlobal Indeks, turns 20 years old. The fund has grown to become one of Norway's largest and is now invested in more than 1,500 companies across 23 countries worldwide.