Ethical Performance
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Taking integrated reporting to another level

17/09/2012

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KLP - Kommunal Landspensjonskasse - Norway's largest life insurance company, present their sustainability reporting for 2011. In accordance with the KLP philosophy of integrated reporting you will find extensive sustainability reporting in
  • the quarterly non-financial accounts, which cover the most material indicators and are found in KLPs interim financial reports
  • information on KLP's sustainability goals and accomplishments, both included in text, notes and in separate non-financial accounts in KLPs Annual Report 2011
  • full GRI reporting, broader sustainability related information, is presented in full on the web (not as a pdf but integrated in their web pages).
KLP reporting meets Global Reporting Initiative requirements for application level A, and has undergone a GRI-check. KLP was also shortlisted for “Best Sustainability Report” in the Responsible Business Awards 2012. The structure of the CR web pages builds on the ISO 26000 standard for social responsibility.

Please visit KLP at https://www.klp.no/english/corporate-responsibility

Corporate (Social) Responsibility (CR) is of strategic importance to KLP.  We all have a responsibility to contribute to sustainable development. At KLP, to consider aspects of society, environment and responsible investment is part of the daily operation. As the saying goes ‘what get’s measured get’s done’. That is also how it works at KLP. Reporting functions as a driver for improvement. It is important to set targets and monitor development. KLP has produced sustainability reports since 2005, but converted to integrated reporting in 2010. KLP hopes more dynamic reporting on the web will make it simpler and more interesting to follow what is happening in corporate responsibility at KLP. Not least are KLP pleased to reduce paper consumption - and for the opportunities to present their results and stories in an open and more engaging way.

KLP want dialogue

KLP is working steadfast to become even more proficient in corporate responsibility. Dialogue is important to make progress. That is how one learns. In the KLP sustainability-blog they write about the small episodes, the grand ideas and their steadfast efforts for the days to come. KLP urge you to make comments, give your views and ideas - they want to hear from you. Subscribe to the blog and read more here

Facts about KLP

Kommunal Landspensjonskasse (KLP) is Norway's largest life-insurance company, entirely owned by their customers. The KLP Group has total assets of NOK 313 billion. KLP provides pensions, finance and insurance services to municipalities, county authorities, health enterprises and to businesses both in the public and the private sector, as well as to their employees. KLP decided to joined UN’s Global Compact in 2002, its 10 principles are an important source of inspiration for furthering active ownership and on implementing responsible business practices. KLP and its subsidiaries together have about 800 employees.

The Group provides products and services in:

    •    Pension and pension fund services
    •    Banking
    •    Insurance
    •    Fund and asset management
    •    Property investments


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