G3 Content Index - Financial Services Sector Supplement

Transcription

1 G3 Content Index - Financial Services Sector Supplement Application Level Assured by STANDARD DISCLOSURES PART I: Disclosures Disclosure Disclosure 1. Strategy and Analysis Explanation for the reason for Statement from the most senior decision-maker of the organization. 1.2 Description of key impacts, risks, and opportunities. 2. Organizational Disclosure Disclosure 2.1 Name of the organization. klp/fakta 2.2 Primary brands, products, and/or services. klp/fakta Operational structure of the organization, including main divisions, operating companies, subsidiaries, and joint ventures. 2.4 Location of organization's headquarters. Oslo, Norway Number of countries where the organization operates, and names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the 2.5 report. Norway, Denmark, Sweden 2.6 Nature of ownership and legal form. klp/fakta Markets served (including geographic breakdown, sectors served, and types of 2.7 customers/beneficiaries). klp/fakta 2.8 Scale of the reporting organization. "Utvikling de siste 5 år" and page Significant changes during the reporting period regarding size, structure, or ownership. None 2.10 Awards received in the reporting period. None of relevance 3. Report Parameters Disclosure Disclosure 3.1 Reporting period (e.g., fiscal/calendar year) for information provided Date of most recent previous report (if any) !/menu/standard/fil 3.3 Reporting cycle (annual, biennial, etc.) Annual 3.4 Contact point for questions regarding the report or its contents. klp 3.5 Process for defining report content. Boundary of the report (e.g., countries, divisions, subsidiaries, leased facilities, joint klp/samfunnsansvar/samfunn-ogmilj/b-rekraftsrapportering# ventures, suppliers). See GRI Boundary Protocol for further guidance. State any specific limitations on the scope or boundary of the report (see completeness 3.7 principle for explanation of scope). None Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or 3.8 between organizations. milj/b-rekraftsrapportering# Data measurement techniques and the bases of calculations, including assumptions and techniques underlying estimations applied to the compilation of the Indicators and other The reporting is based on GRI, information in the report. Explain any decisions not to apply, or to substantially diverge calculations are explained when 3.9 from, the GRI Indicator Protocols. relevant Explanation of the effect of any re-statements of information provided in earlier reports, and the reasons for such re-statement (e.g.,mergers/acquisitions, change of base 3.10 years/periods, nature of business, measurement methods). None Significant changes from previous reporting periods in the scope, boundary, or klp/samfunnsansvar/samfunn-ogmilj/b-rekraftsrapportering# measurement methods applied in the report Table identifying the location of the Standard Disclosures in the report. This GRI Index table 3.13 Policy and current practice with regard to seeking external assurance for the report. annual report has been verified by 4. Governance, Commitments, and Engagement Disclosure Disclosure reporting Location p of disclosure p Governance structure of the organization, including committees under the highest klp/fakta/ledelse, governance body responsible for specific tasks, such as setting strategy or organizational 4.1 oversight. 4.2 Indicate whether the Chair of the highest governance body is also an executive officer. klp/fakta/styrendeorganer# For organizations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or non-executive members. Mechanisms for shareholders and employees to provide recommendations or direction to on the board, KLP has no 4.4 the highest governance body. shareholders. Linkage between compensation for members of the highest governance body, senior managers, and executives (including departure arrangements), and the organization's 4.5 performance (including social and environmental performance). Annual report 2013, page 201 Processes in place for the highest governance body to ensure conflicts of interest are 4.6 avoided. Annual report 2013, page Process for determining the qualifications and expertise of the members of the highest Annual report 2013, page 56 and governance body for guiding the organization's strategy on economic, environmental, and social topics. Internally developed statements of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their 4.8 implementation. milj/ansvarlig-forretningsdrift Procedures of the highest governance body for overseeing the organization's identificatio Annual report 2013, page 55 and and management of economic, environmental, and social performance, including relevant risks and opportunities, and adherence or compliance with internationally agreed 4.9 standards, codes of conduct, and principles. milj/virksomhetsstyring Processes for evaluating the highest governance body's own performance, particularly with Corporate responsibility is not part 4.10 respect to economic, environmental, and social performance. of the evalutation. Explanation of whether and how the precautionary approach or principle is addressed by klp/samfunnsansvar/samfunn-ogmilj/milj 4.11 the organization. Explanation for the reason for Explanation for the reason for Explanation for the reason for

2 Externally developed economic, environmental, and social charters, principles, or other 4.12 initiatives to which the organization subscribes or endorses. milj/ansvarlig- Memberships in associations (such as industry associations) and/or national/international advocacy organizations in which the organization: * Has positions in governance bodies; * Participates in projects or committees; * Provides substantive funding beyond routine membership dues; or * Views membership as strategic milj/virksomhetsstyring# List of stakeholder groups engaged by the organization Basis for identification and selection of stakeholders with whom to engage. Approaches to stakeholder engagement, including frequency of engagement by type and klp/samfunnsansvar/samfunn-ogmilj/virksomhetsstyring# by stakeholder group. Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its 4.17 reporting. milj/virksomhetsstyring# STANDARD DISCLOSURES PART II: Disclosures on Management Approach (DMAs) Explanation for the To be FSSS DMAs Disclosure reason for reported in DMA PS Disclosure on Management Approach PS Aspects Product Portfolio klp/samfunnsansvar/ansvarlige- FS1 Policies with specific environmental and social components applied to business lines. klp/samfunnsansvar/ansvarlige- FS2 Procedures for assessing and screening environmental and social risks in business lines. None FS3 Processes for monitoring clients' implementation of and compliance with environmental an social requirements included in agreements or transactions. None FS4 Process(es) for improving staff competency to implement the environmental and social policies and procedures as applied to business lines. None FS5 Interactions with clients/investees/business partners regarding environmental and social risks and opportunities. klp/samfunnsansvar/ansvarligeinvesteringer/ansvarlig-eierskap Audits forms part of the mandate given to Active Ownership senior management group, on active DMA EC Disclosure on Management Approach EC Aspects Economic Performance COMM Annual report page Market presence Not Not applicable institutions in Norway, Indirect economic impacts Partially projects related to developments of EC9 Not applicable institutions in Norway, DMA EN Disclosure on Management Approach EN Aspects Materials Energy Water Not Not applicable Biodiversity Not Not applicable and do not have impacts Emissions, effluents and waste Partially EN 25 Not applicable Covered when relevant Products and services Partially EN 27 Not applicable financial institution Transport Overall Not Not applicable many small investments DMA LA Disclosure on Management Approach LA Aspects Employment Partially LA 15 Not available Not available for Labor/management relations Occupational health and safety COMM Partially LA 7, LA 8 Not applicable days and absenteeism, Training and education Partially LA 10 Not applicable offers KLP employees as Diversity and equal opportunity registered in governance bodies DMA HR Disclosure on Management Approach HR Aspects Investment and procurement practices Non-discrimination Freedom of association and collective bargaining Child labor Forced and compulsory labor Security practices Not Not applicable institution in Norway and Indigenous rights DMA SO Disclosure on Management Approach SO Aspects Community klp/samfunnsansvar/sponsing/klps- Corruption Public policy Anti-competitive behavior DMA PR Disclosure on Management Approach PR Aspects Customer health and safety Not Not applicable institution without Product and service labelling Partially PR 3, PR 4 Not applicable institution based in FS15 Policies for the fair design and sale of financial products and services. laws and regulation MIFID. Marketing communications Customer privacy STANDARD DISCLOSURES PART III: Performance Indicators Indicator Product portfolio FS6 Disclosure Percentage of the portfolio for business lines by specific region, size (e.g. micro/sme/large) and by sector. reporting Product and Service Impact Location of disclosure fundquickrank/default.aspx Explanation for the reason for To be reported in

3 Monetary value of products and services designed to deliver a specific social benefit f FS7 each business line broken down by purpose. None Monetary value of products and services designed to deliver a specific environment FS8 benefit for each business line broken down by purpose. None Audit Coverage and frequency of audits to assess implementation of environmental and soc Bi-annual, please find the FS9 policies and risk assessment procedures. information in the SRI reporting and Active ownership See also the quarterly reports page We only report the number of 30 for the total number: companies with which we Total number of companies Percentage and number of companies held in the institution's portfolio with which the klp/finans-og-havir/rapporter# interacted on in our portfolio is constantly FS10 reporting organization has interacted on environmental or social issues. Partially environmental or social issuesnot applicable changing FS11 Percentage of assets subject to positive and negative environmental or social screening. Voting polic(ies) applied to environmental or social issues for shares over which the klp/samfunnsansvar/ansvarligeinvesteringer/ansvarlig-eierskap FS12 reporting organization holds the right to vote shares or advises on voting. Economic Explanation for the To be Indicator Description reason for reported in Economic performance Direct economic value generated and distributed, including revenues, operating costs, page 67 and employee compensation, donations and other community investments, retained earnings, klp/samfunnsansvar/sponsing/klps- EC1 COMM and payments to capital providers and governments. dugnadsfond#tab Annual report page 55 and Financial implications and other risks and opportunities for the organization's activities due EC2 to climate change. milj/milj# EC3 Coverage of the organization's defined benefit plan obligations. Annual report page 197 EC4 Significant financial assistance received from government. KLP does not receive financial assistance from government Market presence Range of ratios of standard entry level wage compared to local minimum wage at Not relevant for financial EC5 significant locations of operation. Not Not applicable institutions in Norway. Policy, practices, and proportion of spending on locally-based suppliers at significant Not relevant for financial EC6 locations of operation. Not Not applicable institutions in Norway. Procedures for local hiring and proportion of senior management hired from the local Not relevant for financial EC7 community at significant locations of operation. Not Not applicable institutions in Norway. Indirect economic impacts Development and impact of infrastructure investments and services provided primarily for EC8 public benefit through commercial, in-kind, or pro bono engagement. None Understanding and describing significant indirect economic impacts, including the extent o institution in Norway and EC9 impacts. Not Not applicable does not have as a role as Environmental Explanation for the To be reason for reported in Materials EN1 Materials used by weight or volume EN2 Percentage of materials used that are recycled input materials. None substantial Energy EN3 Direct energy consumption by primary energy source !/menu/standard/fi EN4 Indirect energy consumption by primary source !/menu/standard/fi EN5 Energy saved due to conservation and efficiency improvement Initiatives to provide energy-efficient or renewable energy based products and services, a EN6 reductions in energy requirements as a result of these initiatives. EN7 Initiatives to reduce indirect energy consumption and reductions achieved Water EN8 Total water withdrawal by source Not Not applicable EN9 Water sources significantly affected by withdrawal of water Not Not applicable EN10 Percentage and total volume of water recycled and reused Not Not applicable Biodiversity Location and size of land owned, leased, managed in, or adjacent to, protected areas and EN11 areas of high biodiversity value outside protected areas. Not Not applicable biodiversity Description of significant impacts of activities, products, and services on biodiversity i EN12 protected areas and areas of high biodiversity value outside protected areas. Not Not applicable biodiversity EN13 Habitats protected or restored. Not Not applicable biodiversity EN14 Strategies, current actions, and future plans for managing impacts on biodiversity. Not Not applicable Number of IUCN Red List species and national conservation list species with habitats in EN15 areas affected by operations, by level of extinction risk. Not Not applicable biodiversity Emissions, effluents and waste EN16 COMM Total direct and indirect greenhouse gas emissions by weight. EN17 Other relevant indirect greenhouse gas emissions by weigh EN18 Initiatives to reduce greenhouse gas emissions and reductions achieve EN19 Emissions of ozone-depleting substances by weight Not Not materia

4 EN20 NOx, SOx, and other significant air emissions by type and weight Not Not materia EN21 Total water discharge by quality and destination Not Not materia EN22 COMM Total weight of waste by type and disposal method. EN23 Total number and volume of significant spills None Weight of transported, imported, exported, or treated waste deemed hazardous under th KLP reports weight of treated EN24 terms of the Basel Convention Annex I, II, III, and VIII, and percentage of transported waspartially EE waste, but not imported Not applicable Identity, size, protected status, and biodiversity value of water bodies and related habita EN25 significantly affected by the reporting organization's discharges of water and runoff. Not Not applicable Products and services Initiatives to mitigate environmental impacts of products and services, and extent of impact EN26 mitigation. milj/milj# institution without packaged products EN27 Percentage of products sold and their packaging materials that are reclaimed by category. Not Not applicable Monetary value of significant fines and total number of non-monetary sanctions for no EN28 compliance with environmental laws and regulations. None Transport Significant environmental impacts of transporting products and other goods and materials EN29 used for the organization's operations, and transporting members of the workforce !/menu/standard/fil Overall EN30 Total environmental protection expenditures and investments by typ Not Not available due to many small Social: Labor Practices and Decent Work Explanation for the reason for Employment LA1 Total workforce by employment type, employment contract, and regio LA2 Total number and rate of employee turnover by age group, gender, and regio Benefits provided to full-time employees that are not provided to temporary or part-time None (except for salary and pension LA3 employees, by major operations. benefits) Labor/management relations LA4 Percentage of employees covered by collective bargaining agreemen Minimum notice period(s) regarding significant operational changes, including whether it LA5 specified in collective agreements. Occupational health and safety Percentage of total workforce represented in formal joint management-worker health a safety committees that help monitor and advise on occupational health and safety LA6 programs. milj/arbeidsforhold# To be reported in We report injury, lost days We report injury, lost days and absenteeism, work and absenteeism, work related fatalities, but not related fatalities, but not per per region and gender as region and gender as that that would be stigmatising would be stigmatising due to due to the small share of Rates of injury, occupational diseases, lost days, and absenteeism, and number of workrelated fatalities by region. Partially milj/arbeidsforhold# some of our regional offices. Not applicable regional offices. the small share of women at women at some of our LA7 Education, training, counseling, prevention, and risk-control programs in place to assi Included as far as relevant. LA8 workforce members, their families, or community members regarding serious diseases. Not Not applicable LA9 Health and safety topics covered in formal agreements with trade union Training and education LA10 Average hours of training per year per employee by employee catego Not Not applicable KLP employees as of Programs for skills management and lifelong learning that support the continue LA11 employability of employees and assist them in managing career endings. LA12 Percentage of employees receiving regular performance and career development review All Diversity and equal opportunity Composition of governance bodies and breakdown of employees per category according to registered in governance bodies, LA13 gender, age group, minority group membership, and other indicators of diversity. see also LA14 Ratio of basic salary of men to women by employee categor Social: Human Rights Explanation for the To be reason for reported in Investment and procurement practices p p Percentage and total number of significant investment agreements that include human klp/samfunnsansvar/ansvarligeinvesteringer/dialog-og-ekskludering HR1 COMM rights clauses or that have undergone human rights screening. Percentage of significant suppliers and contractors that have undergone screening on klp/samfunnsansvar/samfunn-ogavailable due to the fact that principle all are screened HR2 human rights and actions taken. Partially milj/ansvarlig- we report on this parameter Not available through our responsible 2015 Total hours of employee training on policies and procedures concerning aspects of human klp/samfunnsansvar/samfunn-ogreported because this is an not reported because this HR3 rights that are relevant to operations, including the percentage of employees trained. Partially milj/ansvarlig- integrated part of mandatory Not available is an integrated part of Non-discrimination HR4 Total number of incidents of discrimination and actions taken None Freedom of association and collective bargaining Operations identified in which the right to exercise freedom of association and collective HR5 bargaining may be at significant risk, and actions taken to support these rights. None Child labor Operations identified as having significant risk for incidents of child labor, and measure HR6 taken to contribute to the elimination of child labor. None Forced and compulsory labor Operations identified as having significant risk for incidents of forced or compulsory labor, HR7 and measures to contribute to the elimination of forced or compulsory labor. None

5 Security practices Percentage of security personnel trained in the organization's policies or procedure HR8 concerning aspects of human rights that are relevant to operations. Not Not applicable Indigenous rights Total number of incidents of violations involving rights of indigenous people and action HR9 taken. None Social: Society Community Nature, scope, and effectiveness of any programs and practices that assess and manage SO1 the impacts of operations on communities, including entering, operating, and exiting. milj/ansvarlig- FS13 Access points in low-populated or economically disadvantaged areas by type. 0 FS14 Initiatives to improve access to financial services for disadvantaged people. klp/samfunnsansvar/ansvarlige- Corruption SO2 Percentage and total number of business units analyzed for risks related to corruptio SO3 Percentage of employees trained in organization's anti-corruption policies and procedure SO4 Actions taken in response to incidents of corruption No incidents Public policy SO5 Public policy positions and participation in public policy development and lobbyin Total value of financial and in-kind contributions to political parties, politicians, and related SO6 institutions by country. 0 Anti-competitive behavior Total number of legal actions for anti-competitive behavior, anti-trust, and monopo SO7 practices and their outcomes. 0 Monetary value of significant fines and total number of non-monetary sanctions for no SO8 compliance with laws and regulations. 0 Social: Product Responsibility Customer health and safety Life cycle stages in which health and safety impacts of products and services are assessed for improvement, and percentage of significant products and services categories PR1 subject to such procedures. Not Not material Total number of incidents of non-compliance with regulations and voluntary codes concerning health and safety impacts of products and services during their life cycle, by PR2 type of outcomes. Not Not material Product and service labelling Type of product and service information required by procedures, and percentage of PR3 significant products and services subject to such information requirements. Not Not material Total number of incidents of non-compliance with regulations and voluntary codes PR4 concerning product and service information and labeling, by type of outcomes. Not Not material Practices related to customer satisfaction, including results of surveys measuring PR5 customer satisfaction. milj/kunder-og-produkter# FS16 Initiatives to enhance financial literacy by type of beneficiar None Marketing communications KLP is financial institution in Norway and our security Explanation for the To be reason for reported in Explanation for the To be reason for reported in services inflicting on customers health and safety in this aspect. services inflicting on customers health and safety in this aspect. services inflicting on customers health and safety in this aspect. No programmes, bur general values for customer communication, Programs for adherence to laws, standards, and voluntary codes related to marketing PR6 communications, including advertising, promotion, and sponsorship. milj/kunder-og-produkter# Total number of incidents of non-compliance with regulations and voluntary codes concerning marketing communications, including advertising, promotion, and sponsorship milj/ansvarlig- PR7 by type of outcomes. forretningsdrift# Customer privacy Total number of substantiated complaints regarding breaches of customer privacy an PR8 losses of customer data. 0 Monetary value of significant fines for non-compliance with laws and regulation PR9 concerning the provision and use of products and services. 0

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