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 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 36 is higher than 88% 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 at approximately 851,000 kg CO2e (market-based), and significant Scope 3 emissions of around 26,622,054,000 kg CO2e. This represents a notable increase in total emissions compared to previous years, particularly in Scope 3, which includes investments and purchased goods and services. KLP has committed to achieving net-zero emissions across all scopes by 2050, with interim targets set to align with the Science Based Targets initiative (SBTi). The organisation is actively working towards these long-term goals, having begun its commitment in 2023. KLP's emissions data reflects its ongoing efforts to monitor and manage its carbon footprint, particularly in the financial sector, where it operates as a diverse financial institution based in Norway. Overall, KLP's climate commitments and emissions reporting demonstrate a proactive approach to sustainability, despite the recent increase in emissions figures.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
