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KLP

PRI reporting framework 2019

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You are in Direct - Listed Equity Active Ownership » Overview

Overview

LEA 01. Description of approach to engagement

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate whether your organisation has an active ownership policy.

01.2. Attach or provide a URL to your active ownership policy.

01.3. Indicate what your active engagement policy covers:

General approach to active ownership

Engagement

Voting

01.4. Do you outsource any of your active ownership activities to service providers?

01.5. Where active ownership activities are conducted by service providers, indicate whether your active ownership policy covers any of the following.

01.6. Additional information [optional]

KLP has a separate set of guidelines relating to conflicts of interest: https://www.klp.no/polopoly_fs/1.10877.1312454994!/menu/standard/file/es110450-klps_etiske_retningslinjer_2009.pdf

In addition, KLP has a more detailed set of internal guidelines for the KLP asset management subsidiary, relating to conflicts of interest between, inter alia, mutual fund customers and KLP as shareholders.

KLP shall engage as an active shareholder in a way that balances the costs and benefits. Such active ownership shall be underpinned by KLP’s shareholder principles and relevant norms for corporate governance (particularly the Norwegian Code of Practice for Corporate Governance - NUES) and KLP’s voting guidelines. In addition, the exercise of active ownership shall comply with the principles laid down by the UN Global Compact, the UNPRI and the UN Guiding Principles on Business and Human Rights, as well as the OECD Guidelines for Multinational Enterprises.


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