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KLP

PRI reporting framework 2019

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Objectives and strategies

SG 05. RI goals and objectives

05.1. Indicate if and how frequently your organisation sets and reviews objectives for its responsible investment activities.

05.2. Additional information. [Optional]

Loans to the Norwegian municipalities and regional governments.

KLP provides financing to local governments (Municipalities and Counties). These are loans specifically aimed at physical projects (No budget financing) i.e. building and renovation of schools, roads, health institution, renovation plants. The loans are either directly to local governments or entities guaranteed by local governments. Norwegian local governments are protected by the State of Norway, and by law, cannot go bankrupt. Under solvency II - local governments are rated AA.


SG 06. Main goals/objectives this year

06.1. List the main responsible investment objectives that your organisation set for the reporting year.

Responsible investment processes

Key performance indicator

          Courses at university level.
        

Progress achieved

Key performance indicator

          Presentations, articles etc. internally in order to increase awareness and involvement
        

Progress achieved

Key performance indicator

          1. Number of companies KLP engaged with, 
2. number of portfolio company improvements, 3. develop clear priorities for engagement topics and methods
        

Progress achieved

Key performance indicator

          Develop new ESG integration strategy for selected asset class
        

Progress achieved

Financial performance of investments

Key performance indicator

          Relative performance compared to benchmark
        

Progress achieved

ESG characteristics of investments

Other description (1)

          Quantitative target to increase climate friendly investments
        

Key performance indicator

          Investment market value
        

Progress achieved

Other activities

Key performance indicator

          Meaningful engagement in RI initiatives where we believe joint action can be more effective.
        

Progress achieved

  • Participated in a UNPRI engagement
  • Engagement cases with Nordic Engagement Cooperation, a collaborative initiative with Ilmarinen and Folksam
  • UNPFI working group on TCFD reporting 

Key performance indicator

          Communicate about KLP's assessments and actions in specific cases through newsletters to fund customers
        

Progress achieved

06.2. Additional information.


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