27:
269:
For the first 40 years, KLP was a company that primarily administered collective pension schemes in the municipalities. Throughout the 1990s, KLP developed the business further by, among other things, establishing its own non-life insurance company, property company and asset management company.
361:
community in the United States. KPL cited the "unacceptable risk of contributing to serious or systematic human rights violations", and the fact that the pipeline construction required the flooding of land protected by the 1851
805:
273:
In 2011, seven municipalities and one county municipality chose to put their occupational pension scheme out to tender. After final consideration, seven out of eight chose KLP as provider of public service pension.
260:
373:
over its financial ties to the coal industry, and in May 2019, announced it was blacklisting a further 46 companies deriving more than 5% of their revenue from coal-based activities, including
854:
415:-owned conglomerate, a situation that the fund said presented an "imminent danger" that armed forces could use the port to import weapons and equipment, or as a naval base.
828:
994:
400:, with CEO Sverre Thornes noting: "By going coal and oilsands free, we are sending a strong message on the urgency of shifting from fossil to renewable energy."
342:
In 2014, KLP divested from all mining firms and power producers whose operations were more than 30% reliant on coal, in line with guidelines laid down by the
984:
423:
291:
1009:
790:
979:
298:
437:. Their Russian assets had a total value of nearly NOK 500 million (US$ 56.39 million) in 22 companies, including energy firms
427:
263:
with the aim of offering municipal employees occupational pensions. It then managed the customers' occupational pension agreements.
321:
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850:"UN rights office issues report on business activities related to settlements in the Occupied Palestinian Territory"
999:
434:
882:
313:
302:
732:'We Are All Here to Stay': Citizenship, Sovereignty and the UN Declaration on the Rights of Indigenous Peoples
478:
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209:
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The collaboration lasted until 1974 when KLP received its own license to operate an insurance company.
354:
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on account of its production of anti-personnel mines, an activity that was later exposed by the Thai
256:
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205:
932:"Mainstream and responsible - a mission possible for investors. A practitioner's report from KLP"
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8:
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294:(UNPRI) and publishes detailed explanations about why it excludes certain investments.
47:
829:"Nordic fund KLP excludes 16 companies over links to Israeli settlements in West Bank"
418:
On 5 July 2021, KLP said it would divest from 16 business entities for their links to
955:
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637:
510:
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energy names and said it would no longer invest in companies more than 5% reliant on
189:
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over the company's "symtematic violations of labor rights in twelve countries".
93:
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that it said were helping further settlement activities, which are considered
973:
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309:, which holds, on average, 1.4 per cent of all the world’s listed companies.
217:
695:
Criminology and
Climate: Insurance, Finance and the Regulation of Harmscapes
248:
213:
791:"Kommunal Landspensjonskasse divests from stocks and holdings of 46 firms"
98:
740:
433:
On 28 February 2022, KLP said it would divest from Russia in response to
404:
228:
224:
156:
730:
374:
287:
151:
130:
877:
806:"Norway's largest pension fund is pulling out of the Alberta oilsands"
349:
In 2017, KLP divested its shares in companies contracted to build the
543:
KLP's exclusion list: Companies excluded from our investment universe
661:
The New
Politics of Transnational Labor: Why Some Alliances Succeed
454:
450:
397:
193:
911:
446:
438:
412:
386:
232:
591:"Top 100 Largest Sovereign Wealth Fund Rankings by Total Assets"
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in the occupied West Bank, after they were named in a UN report
855:
Office of the United
Nations High Commissioner for Human Rights
442:
408:
393:
283:
197:
81:
69:
878:"UN Security Council Resolution 2334, 2016 (S/RES/2334(2016))"
332:
182:
65:
26:
692:
Holley, Cameron; Phelan, Liam; Shearing, Clifford (2020).
614:"A History of Scandinavian Socially Responsible Investing"
378:
331:
after a complaint was filed against the company with the
328:
175:
779:
KLP blacklists three firms after ethical council advice
479:"Norway's KLP divests from Myanmar-linked Adani Ports"
691:
292:
United
Nations Principles for Responsible Investment
255:
on 15 February 1949 as a result of decisions by the
166:
995:Financial services companies established in 1949
971:
907:"Norway pension fund KLP to divest from Russia"
827:Fouche, Gwladys; Jessop, Simon (5 July 2021).
725:
407:over its plans to build container terminal in
200:. As of 31 March 2021, the fund had assets of
282:In recent years, KLP has at times engaged in
261:Norwegian Association of Rural Municipalities
842:
826:
16:A Norwegian mutual insurance or pension fund
985:Companies owned by municipalities of Norway
204:813.5 billion (US$ 95.1 billion), with 337
235:. State employees are insured through the
25:
611:
369:In March 2019, KLP cut its investment in
870:
664:. Cornell University Press. p. 96.
593:. Sovereign Wealth Fund Institute (SWFI)
392:In October 2019, KLP divested from four
223:It is Norway's largest pension fund and
1010:Norwegian companies established in 1949
929:
803:
657:
566:
472:
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322:International Campaign to Ban Landmines
980:Financial services companies of Norway
972:
936:European Review of Labour and Research
904:
569:"KLP shows the active side of passive"
502:
509:. John Wiley & Sons. p. 71.
476:
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237:Norwegian Public Service Pension Fund
905:Fouche, Gwladys (28 February 2022).
537:
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467:
305:(GPFG), Norway’s US$ 1.36 trillion
227:is a major subsidiary that manages
13:
583:
560:
14:
1021:
923:
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506:Fund Managers: The Complete Guide
493:
658:Brookes, Marissa (15 Mar 2019).
612:Bengtsson, Elias (15 Nov 2007).
403:In June 2021, KLP divested from
898:
883:United Nations Security Council
820:
797:
783:
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428:illegal under international law
357:voiced its solidarity with the
314:Singapore Technologies Kinetics
930:Finskas, Heidi (26 Jan 2011).
719:
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651:
605:
567:Rundell, Sarah (27 Nov 2019).
303:Government Pension Fund Global
1:
1005:Insurance companies of Norway
477:Baker, Sophie (25 Jun 2021).
460:
253:Norsk Kollektiv Pensjonskasse
247:The company was founded as a
7:
804:Healing, Dan (7 Oct 2019).
435:Russian invasion of Ukraine
371:Washington H Soul Pattinson
337:Union Network International
327:In 2008, KLP divested from
318:Ministry of Foreign Affairs
312:In 2001, KLP divested from
20:Kommunal Landspensjonskasse
10:
1026:
990:Mutual insurance companies
618:Journal of Business Ethics
481:. Pensions&Investments
242:
196:of municipal employees in
735:. ANU Press. p. 94.
630:10.1007/s10551-007-9606-y
355:Sami Parliament of Norway
290:. KLP is a member of the
257:Union of Norwegian Cities
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24:
948:10.1177/1024258910390827
503:Hudson, Matthew (2019).
320:upon questioning by the
136:NOK 5,086 million (2006)
124:NOK 5,086 million (2006)
1000:Companies based in Oslo
548:(Report). KLP. Jun 2008
411:on land leased from a
364:Treaty of Fort Laramie
351:Dakota Access Pipeline
424:listing 112 companies
307:sovereign wealth fund
112:43,581 million (2006)
808:. The Canadian Press
741:10.2307/j.ctv186grnt
344:Norwegian Parliament
297:KLP also shares its
727:O'Sullivan, Dominic
420:Israeli settlements
359:Standing Rock Sioux
142:Number of employees
21:
886:. 23 December 2016
858:. 12 February 2020
571:. Top1000funds.com
301:analysis with the
278:Ethical divestment
220:firms as clients.
48:Financial services
19:
750:978-1-76046-395-3
624:(2008): 969–983.
286:-based financial
192:that manages the
190:insurance company
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959:. Retrieved
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152:Subsidiaries
62:Headquarters
34:Company type
405:Adani Ports
229:real estate
225:KLP Eiendom
167:www.klp.no
157:KLP Eiendom
77:Area served
974:Categories
835:2021-09-13
461:References
375:AGL Energy
353:after the
288:divestment
251:under the
216:and 2,300
146:550 (2007)
131:Net income
89:Key people
956:153726326
831:. Reuters
759:240755399
638:155086598
206:municipal
99:Arne Øren
729:(2020).
455:Sberbank
398:oilsands
394:Canadian
324:(ICBL).
259:and the
194:pensions
44:Industry
912:Reuters
447:Rosneft
439:Gazprom
413:Myanmar
387:South32
335:by the
243:History
233:Denmark
185:-based
163:Website
106:Revenue
101:(chair)
54:Founded
961:16 Sep
954:
890:5 July
862:5 July
812:16 Sep
764:15 Sep
757:
747:
711:15 Sep
702:
677:15 Sep
668:
643:16 Sep
636:
597:16 Sep
575:16 Sep
552:16 Sep
522:15 Sep
513:
485:16 Sep
443:Lukoil
409:Yangon
284:ethics
210:county
198:Norway
187:mutual
181:is an
82:Norway
70:Norway
38:Mutual
952:S2CID
755:S2CID
634:S2CID
546:(PDF)
96:(CEO)
963:2021
892:2021
864:2021
814:2021
766:2021
745:ISBN
713:2021
700:ISBN
679:2021
666:ISBN
645:2021
599:2021
577:2021
554:2021
524:2021
511:ISBN
487:2021
453:and
445:and
385:and
333:OECD
208:and
183:Oslo
66:Oslo
57:1949
944:doi
737:doi
626:doi
451:VTB
379:BHP
329:G4S
299:ESG
202:NOK
179:KLP
177:or
110:NOK
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Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
