Kommunal Landspensjonskasse (KLP)

Kommunal Landspensjonskasse (KLP) is a Public Pension located in Oslo Norway, Europe.The main aspects of KLP’s public sector occupational pension scheme, include: membership, pension entitlements in connection with change of employer and leave of absence, applications for pension. Everyone who lives in Norway can receive a pension or other benefits from the National Insurance Scheme paid by Nav. Employers are responsible for having an occupational pension for their employees. Those who work in the public sector or in a position with a public service pension have a public service pension. Public occupational pensions are more comprehensive than occupational pensions in the private sector. KLP manages public sector occupational pensions for employees in many municipalities, county municipalities, health trusts and other companies in Norway.

Country

Norway

AUM ($B, AS AT DATE OF ASSET ALLOCATION)

$92

Performance (%, 1YR)

6.4

Chief Executive

Sverre Thornes

Chief Investment Officer

Aage E. Schaanning

Chair

Tine Sundtoft

Asset allocation

13.3% Property

11.3% Lending

31.6% Equities

28.6% Long-term/HTM Bonds

11.5% Short-term Bonds

3.6% Liquidity/Money Markets

Website

View the annual report

Global Pension Transparency Benchmark country system description

Asset allocation as of December 31, 2023. All information is as per the most recent annual report or other publicly available data via the fund's website

Early adopters to nature related disclosure nut out challenges

NBIM, KLP, AP7 and CIV are integrating new nature-related risks in their portfolios in accordance with TNFD recommendations. In contrast to the focus on emissions in sister framework TCFD, a key challenge is finding a cause to hone in on given nature is frequently complex and intangible.

KLP applies legal expertise to responsible investment

Last June, Norway’s KLP excluded 18 companies due to links with Israeli settlements in the occupied West Bank. A few months later, Kiran Aziz, took the helm as the head of RI stepping into a contentious ESG debate that captures the divide between US and European shareholders.

KLP shows the active side of passive

Norway’s fund for local government employees and healthcare workers, KLP, abides by strict internal ESG principles. Sarah Rundell looks at how this translates to investments in emerging markets, its view of indexes and a concentration of manager relationships.