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KLP

PRI reporting framework 2019

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You are in Direct - Fixed Income » ESG incorporation in actively managed fixed income » (A) Implementation: Screening

(A) Implementation: Screening

FI 04. Types of screening applied

04.1. Indicate the type of screening you conduct.

Select all that apply
SSA
Corporate (financial)
Corporate (non-financial)
Securitised
Negative/exclusionary screening
Positive/best-in-class screening
Norms-based screening

04.2. Describe your approach to screening for internally managed active fixed income

KLP screens all holdings according to norm-based criteria. The KLP list of excluded companies includes those in which KLP previously held fixed income investments. 

KLP's active SSA fixed income includes primarily Norwegian municipal or other government issuers. These are subject to screening by our external service provider as well, but the risk is consiered low and we have not had any ESG-related cases arise thus far.

04.3. Additional information. [Optional]


FI 05. Examples of ESG factors in screening process

05.1. Provide examples of how ESG factors are included in your screening criteria.

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

KLP may not invest in fixed income issued by companies on the KLP-list of excluded companies. The guidelines for responsible investment by KLP are based on our endorsement of the United Nations Global Compact (GC) and the UN Principles for Responsible Investmentii (PRI).  

Type of fixed income

ESG factors

Screening

Description of how ESG factors are used as the screening criteria

KLP does not permit investments in sovereign debt for countries subject to UN or EU sanctions or that are among those that score lowest on the Worldwide Governance Indicators.

05.2. Additional information.

A full list of excluded companies are available at KLP.no: https://www.klp.no/om-klp/samfunnsansvar/hva-vi-ikke-investerer-i


FI 06. Screening - ensuring criteria are met

06.1. Indicate which systems your organisation has to ensure that fund screening criteria are not breached in fixed income investments.

Type of screening
Checks
Negative/exclusionary screening?
Norms-based screening

06.2. Additional information. [Optional]

KLPs investment universe is continuesly monitored for breaches to KLPs guidelines for responsible investments by our service provider. In addition there is pre-trade-compliance checks so that PMs do not trade with companies on KLPs exclusion list and freeze list.


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