Society and environment

At KLP, to think society, environment and responsible investment is part of the daily operation.

The UN’s Global Compact and its 10 principles are an important source of inspiration for our strategy and further work on exercising good corporate governance and active ownership.

How we endeavour continuously to improve our work on corporate responsibility:

Responsible business practice is key to sustainable development

We ensure that through our:

Integration of social responsibility in all business processes
Long-term and responsible management of pension funds
Work with ethics, integrity and anti-corruption in dealing with customers, suppliers and others in the value chain ( Read KLPs supplier declaration)
Use of ISO 26000, the international standard for social responsibility, as guidance

Ethics, integrity and anti-corruption
Procurement and supply chain management
Transparency and sharing of data and knowledge
Fair competition and public sector occupational pensions
[or 'public service pension schemes']
Our reporting related to this

Corporate responsibility is an important part of how KLP ensures good Corporate Governance

Corporate responsibility shall be integrated in all business processes to form part of:

Audit and preparation of management documentation and guidelines
Internal and external reporting, including quarterly reporting and the Board of Directors' annual report
Strategy work, balanced scorecard and risk analyses

Performance management and anchoring of social responsibility
Strategy for social responsibility and materiality
Stakeholder dialogue and transparency
Our reporting related to this

Corporate responsibility is an important perspective in product development and customer service

KLP strives to safeguard a sustainability perspective in our work with:

Service development
Marketing
Dialogue with customers
Engagement around prevention and work with Health, Safety and the Environment (HSE)
Knowledge-sharing

Customer satisfaction and customer care
HSE and risk mitigation measures with our customers
Analyses and data/knowledge related to our core business
Our reporting related to this

Management of our environmental impact and climate change is a natural part of KLP's business

We ensure this through our work with:

Miljøfyrtårn (an environmental management certification scheme) and ISO 14000 certification
Energy efficiency
Waste managementReduction in consumption
Environmental policy with adherence to the Precautionary Principle
Carbon accounting and purchase of UN-approved emission allowances

KLP Eiendom's approach to environmental management
Climate change
Waste
Travel
Use of materials
Certification and KLP's environmental committee
Environmental training
Our reporting related to this

To succeed, KLP must ensure job satisfaction, motivation and engagement among our employees

We do this by providing:

Secure and stable working conditions
A high degree of participation
Professional development for the individual
Diversity and equality

Diversity and equality
Employee satisfaction
Health, Safety and Environment (HSE)
Skills development and training
Labour rights and participation
Staff statistics
Employee engagement
Our reporting related to this

KLP supports and respects international human rights

We ensure this by:

Being a responsible investor and owner
Being a responsible buyer
Promoting the UN Global Compact
Supporting humanitarian work
Implementing our ethical guidelines

In our interaction with suppliers
In our interaction with other companies as an investor
Through training
Through implementation of our ethical guidelines
Through support for humanitarian work
Our reporting related to this