KLP is Norway's largest pension company

The pension company KLP has agreed a deal with DNB Livsforsikring AS for the sale of all shares in KLP Bedriftspensjon AS. 

• Value-adjusted return amounts to minus 3.7 per cent.
• Book returns amount to 0.6 per cent.
• Increasing efforts for clients and their employees.

• Value-adjusted returns were 8.5 per cent
• The customer result for 2019 was NOK 10.9 billion
• Successful implementation of new rules for public-sector occupational pensions

Norway’s largest pension fund, KLP, excludes British security company G4S from investments due to risk of human rights violations.

• Value-adjusted returns were 6.6 per cent
• The returns result for KLP’s customers was NOK 4.6 billion so far this year
• Four new Nordic Swan-branded funds launched

KLP and KLP Funds are excluding five companies, four of which are Canadian and one is Russian owned.

KLP, Norway’s largest pension fund (US$80 billion AuM), has begun contacting companies with activities in Brazil whilst calling on other investors to take action.

Euronext has been authorised by the Norwegian Ministry of Finance to take a 100% stake in Oslo Børs VPS, which runs the Oslo Stock Exchange. In light of this, KLP has decided to sell its 10% interest in Oslo Børs VPS to the Dutch-French stock market operator for NOK 158 per share, in addition to a fixed interest payment of NOK 3.21 per share.

KLP and the KLP funds ("KLP") has decided to remove the following five companies from it's exclusion list: Grupo Carso, General Dynamics Corp, Nutrien Ltd, Rio Tinto Ltd and Walmart Inc.

KLP has decided to exclude four companies that derive more than 30% of their revenues from coal or coal-based activities. In addition, KLP is including two companies given that the oil exploration they were involved in off the coast of Western Sahara has ceased.

Norway’s largest pension fund, KLP (US$80 billion AuM) is selling out of companies that derive their turnover or activity from alcohol and gambling. Pornography is also added to the list although KLP was not invested in such companies.

By going coal free, we are sending a strong signal on the urgency of shifting from fossil to renewable energy, says KLPs CEO Sverre Thornes.