Asset Owner Directory

Kommunal Landspensjonskasse (KLP)

Kommunal Landspensjonskasse (KLP) is a Public Pension located in Oslo Norway, Europe.The main aspects of KLP’s public sector occupational pension scheme, include: membership, pension entitlements in connection with change of employer and leave of absence, applications for pension. Everyone who lives in Norway can receive a pension or other benefits from the National Insurance Scheme paid by Nav. Employers are responsible for having an occupational pension for their employees. Those who work in the public sector or in a position with a public service pension have a public service pension. Public occupational pensions are more comprehensive than occupational pensions in the private sector. KLP manages public sector occupational pensions for employees in many municipalities, county municipalities, health trusts and other companies in Norway.



AUM ($B)




Chief Executive

Sverre Thornes

Chief Investment Officer

Aage E. Schaanning


Egil Johansen

Asset allocation
KLP Kapitalforvaltning AS is the Group’s asset management operation within securities and fund management. It had a total of NOK 596 billion under management at the end of 2020. The majority of the assets are managed on behalf of KLP and the subsidiaries in the KLP Group. KLP Kapitalforvaltning AS also offers fund products to members and other external investors. During 2020, four new fund packages were established, so the company was managing 55 securities funds at the end of 2020. The new funds are Nordic Swan certified, which means that they have to satisfy strict requirements with respect to corporate social responsibility. 

24.2% Equities

16.8% Short-term Bonds

3.9% Liquidity/Money Markets

28.9% Long-term/HTM Bonds

12.9% Lending

13.3% Property related articles
Investor Profile

KLP shows the active side of passive

Norway’s fund for local government employees and healthcare workers, KLP, abides by strict internal ESG principles. Sarah Rundell looks at how this translates to investments in emerging markets, its view of indexes and a concentration of manager relationships.
Asset Owner Directory