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KLP

PRI reporting framework 2019

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Outputs and outcomes

PE 14. ESG issues affected financial/ESG performance

14.1. Indicate whether your organisation measures how your approach to responsible investment in Private Equity investments has affected financial and/or ESG performance.

14.2. Describe how you are able to determine these outcomes.


PE 15. Examples of ESG issues that affected your PE investments

15.1. Provide examples of ESG issues that you identified in your potential and/or existing private equity investments during the reporting year.

Investment Stage
ESG issues

ESG issues

          Phasing out use of fossil fuels
        
Sector(s)
          District heating
        
Impact (or potential impact) on the investment

Minor issue at the moment, but could be more relevant in the future.

Activities undertaken to influence the investment and its response

Company has already identified the risk and has made investments in order to mitigate it.

Investment Stage
ESG issues

ESG issues

          Board composition
        
Sector(s)
          Electricity distribution
        
Impact (or potential impact) on investment

No impact for investment decision. Identified as topic for active ownership.

Activities undertaken to influence the investment and its response

Proposes senior management not being member of the board of directors in accordance with best practice for corporate governance.

15.2. Describe how you define and evaluate the materiality of ESG factors.

ESG redflags would potentially terminate an investment decision. Identified ESG issues are high on the agenda with discussions with portfolio companies.


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