About Klp
KLP - Norway's Largest Pension Company
KLP is a unique financial company that started as a joint venture of small municipalities across Norway. Today, it has grown to become the largest pension company in the country, with over 700,000 customers and assets worth more than NOK 800 billion.
What sets KLP apart from other financial institutions is its ownership structure. Unlike traditional banks and insurance companies that are owned by shareholders, KLP is owned by its customers. This means that all profits generated by the company are reinvested back into improving services and benefits for its members.
At KLP, the focus is on providing sustainable solutions for long-term investments. The company has a strong commitment to responsible investing and actively seeks out opportunities to invest in projects that have positive social and environmental impacts.
One of KLP's core offerings is pension plans for individuals and businesses. The company offers a range of options tailored to meet different needs and preferences. Customers can choose between traditional defined benefit plans or newer defined contribution plans that offer more flexibility.
In addition to pensions, KLP also provides insurance products such as life insurance, disability insurance, and accident insurance. These products are designed to provide financial security in case of unexpected events such as illness or injury.
KLP also offers investment management services for institutional clients such as municipalities, hospitals, universities, and other organizations. The company has a team of experienced investment professionals who work closely with clients to develop customized investment strategies based on their specific goals and risk tolerance levels.
Another area where KLP stands out is its commitment to sustainability. The company has set ambitious targets for reducing carbon emissions from its investments portfolio by 50% by 2025 compared with 2019 levels. It also aims to increase investments in renewable energy sources such as wind power and solar power.
Overall, KLP is an innovative financial institution that puts its customers first while striving towards sustainable growth. Its unique ownership structure ensures that profits are reinvested back into improving services rather than being distributed among shareholders or executives' bonuses like many other companies do today.
If you're looking for a reliable partner who can help you plan your retirement or manage your organization's investments while making sure they align with your values around sustainability – look no further than Klp!