Clean Energy. Marte Storaker, Advisor Responsible Investments, KLP. But Norway’s second-largest pension fund, the Kommunal Landspensjonskasse (KLP), is just as interesting and complex. The Guardian and Investment & Pensions Europe both report that the decision was apparently driven by … NOK in total commitments (2019). Pension Funds Norway Beta module, to be released in the Fall of 2020 as a closed-user group for investment professionals. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. KLP is owned by municipalities, health enterprises and businesses with public-sector occupational pensions. KLP Kapitalforvaltning set to receive less AUM from parent company KLP, Norway's largest pension firm, will be sending less money to its asset management arm. The aim of the oil fund is to ensure responsible and long-term management of revenue from Norway’s oil and gas resources in the North Sea so that this wealth benefits both current and future generations. The article cited figures from the Norwegian FSA, reporting that municipal pension funds had returned an average of 5.4% annually over the 10 years between 2010 and 2019. This builds on our recent move to go coal-free. KLP started out as a collaborative operation because several small municipalities in Norway could not afford their own pension fund. With assets of NOK786bn (€72bn) as of June, KLP is also Norway’s largest life-insurance company. The equity holdings divested were valued at over 305 million NOK (US$33 million) plus 229 million NOK in bonds (US$25 million). Norfund is the Norwegian Investment Fund for developing countries with 24.9 bill. Norway roundup: Folketrygdfondet beats index; KLP releases reserves Norway’s Folketrygdfondet, the asset manager behind the Government Pension Fund Norway (GPFN), said today that it achieved its highest-ever outperformance in its bond investments in 2020, beating the benchmark by 2.5 percentage points. ”Jeg kontaktede KLP Pension, da jeg ikke havde fået styr på min pension efter mange jobskifte. KLP is Norway’s largest pension fund, with more than US$80 billion in assets. The largest pension fund in Norway has removed four Canadian energy names from its investment list and says it will no longer put money in companies … We hope that other large asset managers will follow this example. KLP’s global custody evaluation comprises the full range of financial securities, including discretionary portfolios and the 55 KLP-Funds. Sissel Bjaanæs, Director of information, KLP. In this context, it noted the uncertainty surrounding the so-called solidarity reserve, a newly introduced buffer that pension funds can introduce to weather financial market headwinds and share risks between generations. Together, these industries represent highly risky and environmentally damaging operations which can now be replaced by clean energy alternatives through renewable power like solar and wind, battery storage, and the growth of electric vehicles. Our Investment Areas. Jeg havde min pension delt … Kommunal Landspensjonskasse (KLP), the fund for local government employees and healthcare workers, has just under a quarter of its NOK 745 billion ($77 billion) assets in passive equity, and the trio wanted to see for themselves if the 30 Saudi companies graduating to the MSCI Emerging Markets Index contravened KLP’s strict ESG principles. Kommunal Landspensjonskasse (KLP) Norway’s €70 billion public pension fund has confirmed that it will no longer invest in gambling or alcohol-related enterprises. No affiliation or endorsement, express or implied, is provided by their use. The pension fund lobby group made it clear it would like to see pension funds retain as many discretionary powers as possible. Norway’s largest pension fund, KLP, ditches oil sands investments. Norway's KLP pension fund excludes $3.7 billion in coal-related investments. KLP and KLP funds will now exclude companies that have more than five percent of their revenue coming from oil sands-based companies. The asset management arm of pension group KLP increased its assets under management in 2020, with most of the inflow stemming from external clients. KLP is a major provider of occupational pensions to municipalities, healthcare sector and public-sector businesses in Norway. Norway’s Largest Pension Fund (over US$81bn AuM) Goes Oil Sands-Free 07.10.19 KLP and KLP Funds are excluding five companies, four of which are Canadian and one is Russian owned. In June, KLP agreed to sell KLP Bedriftspensjon, its defined contribution unit, to life insurance and retirement company DNB Livsforsikring, Bergen, Norway. KLP Kapitalforvaltning's AUM boosted by net inflow from external costumers. Norwegian pension fund Kommunal Landspensjonskasse recorded a 3.1% return on investments in the first quarter, largely on equity gains. The office is established following the reappointment by Kommunal Landspensjonskasse (KLP) and will be led by Robert Stenmark, who joins from Handelsbanken where he served as head of securities services in Norway. By going coal and oil sands free, we are sending a strong message on the urgency of shifting from fossil to renewable energy, added Thornes. Norfund is the Norwegian Investment Fund for developing countries with 24.9 bill. The company has special competency in public sector occupational pensions and offers a full spectrum of pension fund … The objective is to increase the effectiveness and efficiency of … The business started in 1967. As our customers are also our owners, the assets are returned to the customers as a group. Our Investment Areas. With assets of NOK786bn (€72bn) as of June, KLP is also Norway’s largest life-insurance company. SWFI is a minority-owned organization. NOK in total commitments (2019). This applies from the month you turn 65. Occupational pension provider KLP has launched a fund with the official Nordic Swan Ecolabel, which will consist of at least 90 per cent environmental, social and governance (ESG) screened companies. Last month, three members of the investment team at Norway’s largest pension fund travelled to Saudi Arabia to meet fast-growing companies on the ground. Pornography is also added to the list although KLP was not invested in such companies. KLP Forsikringsservice AS is a wholly owned subsidiary of Kommunal Landspensjonskasse and its work is dedicated to pension funds. Key Figures Since 1997 the fund has generated an Internal Rate of Return of 6 % (in investment currency). Financial Institutions. Sverre Thornes, CEO KLP. The company has special competency in public sector occupational pensions and offers a full spectrum of pension fund … Business news sources have reported that KLP governance has sanctioned a complete sale of its holdings in gambling and alcohol businesses, impacting around 90 firms. Recover yours today, Dronning Eufemias gate 10, Oslo, Trelastgt. Current Assets for KLP is $81,886,600,000 and SWFI has 6 periods of historical assets, 8 subsidiaries, 9 transactions, 16 personal contacts available for CSV Export. Clean Energy. KLP, Norway’s largest pension fund, will no longer invest in companies deriving their income from oilsands. Business news sources have reported that KLP governance has sanctioned a complete sale of its holdings in gambling and alcohol businesses, impacting around 90 firms. © 2008-2021 Sovereign Wealth Fund Institute. The fund’s formal name is the Government Pension Fund Global. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Bergan says KLP is seeking dialogue with companies that operate in Brazil, including transnational commodities trading giants Cargill, Bunge, and Archer Daniels Midland (ADM) with the goal of ensuring they follow sustainable supply chain practices. The fund’s formal name is the Government Pension Fund Global. BRASILIA (Reuters) - Brazil's Petrobras said on Monday it is again eligible to receive investments from Norway's largest pension fund, KLP, which had … Adding five companies to its exclusion list, Norwegian manager hopes to speed up shift from fossil fuels to renewables. The business started in 1967. Norway’s Kommunal Landspensjonskasse (KLP) pension fund has ditched investing in oil sands as part of its ongoing strategy to align its investments with a low-carbon society. Current Assets for KLP is $81,886,600,000 and SWFI has 6 periods of historical assets, 8 subsidiaries, 9 transactions, 16 personal contacts available for CSV Export. Aage Schaanning, CFO of the KLP Group. If you are. +47 932 56 350. Current Assets for KLP is $81,886,600,000 and SWFI has 6 periods of historical assets, 8 subsidiaries, 9 transactions, 16 personal contacts available for CSV Export. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Adding five companies to its exclusion list, Norwegian manager hopes to speed up shift from fossil fuels to renewables. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Kommunal Landspensjonskasse (KLP) Norway’s €70 billion public pension fund has confirmed that it will no longer invest in gambling or alcohol-related enterprises. Kommunal Landspensjonskasse (KLP) is a Public Pension located in Oslo Norway, Europe. – This full exit from oil sands is great news for KLP’s customers as we continue to reduce our exposure to companies involved in an activity that is not aligned with a two-Degree Celsius temperature target. Cuts to the increases of Norwegian retirees’ pension growth will “ensure a fairer distribution of pensions between the generations”, according to pension company KLP. KLP and KLP Funds are excluding five companies, four of which are Canadian and one is Russian owned. Norway's KLP pension fund … Norway’s largest pension fund, KLP (US$80 billion AuM) is selling out of companies that derive their turnover or activity from alcohol and gambling. The business started in 1967. Kommunal Landspensjonskasse (KLP), the dominant provider in Norway’s municipal pensions market, reported it lost NOK3.9bn (€388m) of pensions business in 2019 as a result of the Scandinavian country’s local government reform. Jeg fik besøg på min hjemadresse, af en venlig og meget professionel rådgiver, der viste mig hvordan min nuværende pensionsordning så ud. KLP Forsikringsservice AS is a wholly owned subsidiary of Kommunal Landspensjonskasse and its work is dedicated to pension funds. Norway’s largest pension fund, Kommunal Landspensjonskasse (KLP), saw value adjusted returns on customers’ funds of -3.7 per cent in Q1 2020, as the Covid-19 pandemic hit financial markets. Norway’s largest pension fund, KLP, ditches oil sands investments. 8 out of 10 international investors are owed tax back. We will be in touch soon. | Photo: PR/KLP BY ANNE LOUISE HOUMANN – As the largest pension fund in Norway, KLP also wants to send a signal to the markets that oil sands should not form part of the current and future energy supply. The aim of the oil fund is to ensure responsible and long-term management of revenue from Norway’s oil and gas resources in the North Sea so that this wealth benefits both current and future generations. The Government Pension Fund Global, also known as the Oil Fund, was established in 1990 to invest the surplus revenues of the Norwegian petroleum sector. Errors are noted below: Thanks for reaching out. It has over US$1 trillion in assets, including 1.4% of global stocks and shares, making it the world’s largest sovereign wealth fund. We hope that other large asset managers will follow this example. under 65 years of age, you must report changes in your income to NAV. This may well set a new investor standard. Kommunal Landspensjonskasse (KLP) is a Public Pension located in Oslo Norway, Europe. Norwegian pension fund Kommunal Landspensjonskasse recorded a 3.1% return on investments in the first quarter, largely on equity gains. The pension provider for public sector workers in Norway saw its funds… Paulina Pielichata Tweet Share ... the Norwegian pension fund said in a news release Wednesday. Norway: KLP pension fund divests from Dakota Access Pipeline citing insufficient consultations & lack of progress in influencing company through active ownership Date: 16 Mar 2017 Content Type: Article; USA: Iowa oil spill highlights environmental risks posed by Keystone XL & Dakota Access pipeline projects Date: 30 Jan 2017 Content Type: Article Financial Institutions. There was an error. +47 414 69 714 The NOK765bn pension fund’s wholly-owned subsidiary KLP Bedriftspensjon, which was established in 2006, provides defined contribution (DC) and defined benefit (DB) pensions – and manages pension capital certificates and paid-up policies – for employers in both the public and private sectors. If you have a contractual early retirement pension (AFP) with the Norwegian Public Service Pension Fund, you must report any changes in your income or termination of employment to the person responsible for your AFP pension. As part of this decision, KLP will exclude Cenovus Energy, Suncor Energy, Imperial Oil (69.6% owned by ExxonMobil)1, Husky Energy and Tatneft PAO. The Norwegian pension fund, in contrast, went directly after the petroleum companies. All material subject to strictly enforced copyright laws. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. KLP, the pension plan for Norway's public employees, announced it will sell off its holdings of 50 gaming companies from its portfolio. Moving forward, KLP states that it will no … Kommunal Landspensjonskasse (KLP) KLP: Public Pension in Norway, Europe Kommunal Landspensjonskasse (KLP) is a Public Pension located in Oslo Norway, Europe. Moving forward, KLP states that it will no … “With a guaranteed interest rate of 2.5%, the pension funds have been able to deliver significant funds back to the municipalities,” Klow said. – As the largest pension fund in Norway, KLP also wants to send a signal to the markets that oil sands should not form part of the current and future energy supply. All Rights Reserved. By excluding these companies, KLP continues to align its investments so that they contribute to a movement towards a low-emission society, says CEO Sverre Thornes. The business started in 1967. As with the coal threshold, we have gone from removing companies with 30% of their business coming from oil sands to 5%. But Norway’s second-largest pension fund, the Kommunal Landspensjonskasse (KLP), is just as interesting and complex. Key Figures Since 1997 the fund has generated an Internal Rate of Return of 6 % (in investment currency). Paulina Pielichata Kommunal Landspensjonskasse, Oslo, excluded 32 billion Norwegian kroner ($3.7 billion) from equity and bond investments in … +47 977 44 007 The World's Online … Opening hours monday-friday  8 a.m. - 16 p.m. Steve Merry, Thomas Murray’s Head of Advisory Services, said: 3, 0191 Oslo, Norway, Segment percentages and amounts available on swfi.com.