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 45 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 2021 showed total emissions of approximately 197,000 kg CO2e, with Scope 1 at about 1,400 kg CO2e, Scope 2 at approximately 95,000 kg CO2e, and Scope 3 at around 101,000 kg CO2e. In 2020, total emissions were about 280,000 kg CO2e, with Scope 1 emissions at approximately 1,600 kg CO2e, Scope 2 at about 81,000 kg CO2e, and Scope 3 at around 197,000 kg CO2e. Despite the significant emissions figures, KLP has not disclosed specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further clarity on their long-term climate strategy. KLP operates within a global context where financial institutions are increasingly held accountable for their carbon footprints, particularly in relation to their investment portfolios.
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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 participating in some of the initiatives that 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.
