For Norwegian-listed firms, KLP's proxy voting service provider completes an analysis of each meeting according to KLP and the KLP Mutual Funds' voting guidelines. The KLP responsible investment department and relevant asset managers review the assessment and agrees on the voting. KLP votes through the online proxy voting platform as a general rule, but may vote in person when appropriate.
For firms listed outside of Norway, KLP votes in line with the proxy voting service provider's socially responsible investment voting policy, which is substantially aligned with the KLP voting guidelines. KLP receives a regular alert of meetings with environmental and social proposals on the agenda and retains the ability to override the service provider policy if desirable. KLP did not see the need to override the default policy during 2019. KLP votes on AGMs and EGMs for over 6 000 companies.