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 48 is higher than 72% 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 26,198,000,000 kg CO2e. This figure includes Scope 1 emissions of about 2,311,000,000 kg CO2e, Scope 2 emissions of approximately 636,000,000 kg CO2e, and significant Scope 3 emissions amounting to about 23,251,000,000 kg CO2e. Comparatively, in 2022, KLP's total emissions were around 29,273,078,000 kg CO2e, with Scope 1 at about 2,675,489,000 kg CO2e, Scope 2 at approximately 962,235,000 kg CO2e, and Scope 3 emissions reaching about 25,635,354,000 kg CO2e. This indicates a reduction in total emissions from 2022 to 2023. KLP has not disclosed specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organization. The emissions data is sourced directly from KLP, with no indication of inherited figures from a corporate family relationship. Overall, KLP's commitment to addressing climate change is evident through its emissions reporting, although further details on reduction strategies and targets would enhance its climate action profile.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 3,122,603,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 716,467,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 27,348,372,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 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.
