Klp Sustainability Profile
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 66% 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 2,311,000,000 kg CO2e from Scope 1 emissions, 636,000,000 kg CO2e from Scope 2 emissions, and a significant 23,251,000,000 kg CO2e from Scope 3 emissions. This represents a decrease from 2022, where total emissions were about 29,273,078,000 kg CO2e, with Scope 1 at 2,675,489,000 kg CO2e, Scope 2 at 962,235,000 kg CO2e, and Scope 3 at 25,635,354,000 kg CO2e. KLP has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of documented reduction targets suggests a need for further development in their sustainability strategy. The emissions data is not cascaded from any parent organization, indicating that KLP's reporting is independent. Overall, KLP's emissions profile highlights the significant impact of Scope 3 emissions, which constitute the majority of their carbon footprint. The company is positioned in Norway and operates within a global context, reflecting the broader challenges faced by organisations in managing and reducing carbon emissions effectively.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,000 | 0,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 142,000 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 2,315,000 | 0,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 | 00,000,000,000 |
How Carbon Intensive is Klp's Industry?
How Carbon Intensive is Klp's Location?
Klp's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Klp has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
