KLP ended 2024 with strong results in all business areas. The return on pension assets in the collective portfolio was 1.8 percent in the quarter. This contributed to the return for the year being 9 percent.
– The good results provide room both to add NOK 37.7 billion to customers’ premium funds and to strengthen customers’ buffer funds by NOK 13.9 billion, says CEO Sverre Thornes of KLP.
Greater freedom of choice – greater demands for good guidance
The new pension rules that came into effect from the new year for those born in 1963 or later give employees of KLP’s customers greater freedom of choice to combine work and pension. KLP’s new pension calculator now makes it possible for them to make good choices for their own future. KLP is investing in new technology, including artificial intelligence and cloud-based solutions, to constantly improve services, increase security and reduce costs.
Continued climate action
As the first company in Norway, KLP has had its climate targets approved according to the international climate framework SBTi (Science based targets initiative), the new standard for financial institutions, with a goal of net zero emissions by 2050. The approval underlines KLP’s commitment to investing in line with the climate goals of the Paris Agreement.
– As a long-term investor, KLP has a strong interest in supporting companies that take climate challenges seriously. The approval of our climate targets is an important confirmation that our plans are ambitious and concrete, and will contribute to reducing emissions in line with the Paris Agreement, says Thornes.
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