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PRI reporting framework 2020

Export Public Responses

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LEI 12. How ESG incorporation has influenced portfolio composition

12.1. 組織のESG組み入れ戦略がポートフォリオや投資ユニバースの構成にどういう影響を与えているかを記載してください。


As of 31 December 2019, more than 300 companies were excluded from KLP's investment universe. 

削減率を明記してください(+/- 5%)

10 %


          ESG-integration does not always lead to concrete buy/sell decissions. However the ESG-information is a part of the company-information that is analyzed.


When KLP excludes a company in a specific sector all the other companies in the same sector receive a higher weight in the index so that the sector weight is unchanged. This is done to minimize the effect of exclusions from the index. However when KLP excludes companies with more than 5% of revenue from coal,  the companies in the fossil fuel sector is not reweighted. This is to make sure that the exclusions of coal-companies does not lead to increased investment in other fossil fuel companies.  

12.2. 補足情報 [任意]

LEI12.1 Integration of ESG factors:

The boxes ticked do not apply for all the different strategis for managing active equity. For instance for the ecolabelled fund the ESG-rating of a company will lead to concret buy/sell decission, however this is not true for the assets that are manged with the acive-quant strategy.

LEI 13. Examples of ESG issues that affected your investment view / performance (Private)