Klp
KLP, or Kommunal Landspensjonskasse, is a prominent player in the Norwegian financial services industry, headquartered in Oslo, Norway. Founded in 1948, KLP has established itself as a leading provider of pension and insurance solutions, primarily serving the public sector. With a strong focus on sustainability and responsible investment, KLP offers a range of unique products, including pension schemes, life insurance, and asset management services tailored to meet the needs of municipalities and public enterprises. Over the years, KLP has achieved significant milestones, including becoming one of Norway's largest asset managers, with a commitment to ethical investment practices. Its market position is bolstered by a reputation for reliability and customer-centric services, making KLP a trusted partner for public sector organisations across Norway and beyond.
DitchCarbon Score
How does Klp's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Klp's score of 46 is higher than 95% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Klp's reported carbon emissions
In 2023, KLP reported total carbon emissions of approximately 26,624,300,000 kg CO2e, with Scope 1 emissions at about 1,400 kg CO2e, Scope 2 emissions (market-based) at approximately 851,000 kg CO2e, and significant Scope 3 emissions of around 26,622,054,000 kg CO2e. The previous year, 2022, saw total emissions of about 29,687,403,000 kg CO2e, indicating a reduction in overall emissions. KLP's emissions data for 2020 and 2021 included total emissions of approximately 280,000 kg CO2e and 197,000 kg CO2e, respectively, with Scope 3 emissions contributing significantly to their carbon footprint. In 2020, Scope 3 emissions were about 197,000 kg CO2e, while in 2021, they were around 101,000 kg CO2e. Despite these figures, KLP has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon emissions. The absence of documented reduction targets suggests a need for further commitment to climate action. KLP's headquarters is located in Norway, where the company operates within a growing emphasis on sustainability and climate responsibility in the financial sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,900 | 0,000 | 0,000 | 0,000 | 0,000 |
| Scope 2 | 431,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | 000,000 | 000,000 | 0,000,000 | 00,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Klp is committed to some reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
