• Value-adjusted return: 2.9 per cent for the quarter and 4.4 per cent for the first half-year
• Good profit contribution from the subsidiaries

KLP has decided to exclude 16 companies with links to Israeli settlements on the West Bank. The settlements are considered to be in violation of international law. KLP held investments totalling NOK 275 million in the companies at the time of the decision.

Norwegian pension fund KLP is divesting from Adani Ports and Special Economic Zone Limited on the grounds the company's links with the Myanmar military breach the fund's responsible investment policy.

KLP has signed an agreement with leading international asset manager Macquarie Asset Management to finance green infrastructure projects.

• Value-adjusted return amounts to 1.5 per cent
• Good results in the subsidiaries

• Value-adjusted return amounts to 4.2 per cent
• Customer profit of NOK 12.4 billion
• Release of NOK 23.2 billion in premium reserves that is transferred to the customers’ premium fund

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.

• 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