ESG Newsletter

Oslo Pensjonsforsikring was established in 2000 by the city of Oslo as a life insurance company to manage the defined benefit pension fund for employees of the Oslo city council. As at March 30 2020, Oslo Pensjonsforsikring had NK 100 billion (US$ 11 billions) of assets under management.

The organization applies the exclusion list of GPFG, the Norwegian Oil fund, based on tobacco, controversial weapons, and climate criteria. Furthermore, as part of its Climate Change strategy, Oslo Pensjonsforsikring systematically conducts scenario analysis and measures the carbon intensity of existing and new equity investments to ensure that climate risks are accurately captured. As such, the life insurance company has set carbon intensity reduction targets of 40% by 2030.

Q1 2020 Report

How Climate Risk Is Assessed (In Norwegian)