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Public Profile
Insurance Services
NO
updated 6 days ago

Klp

Company website

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.

48

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.

28

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.

72%

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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's emissions data has not been cascaded from any parent organization, indicating that these figures are independently reported. The company has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, nor have they disclosed any document reduction targets. Overall, KLP's commitment to addressing climate change is evident through their emissions reporting, although specific reduction initiatives or targets have not been outlined.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Klp's primary industry is Insurance and pension funding services, except compulsory social security services (66), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Klp is in NO, which has a very low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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