Kommunal Landspensjonkasse (KLP) is Norway’s largest pension company, with 900,000 clients and NOK 871 billion (€86.47 billion) in total assets.

The KLP Guidelines for Responsible Investment state that KLP will exclude investments in companies that produce “weapons in breach of fundamental humanitarian principles”.

In November 2021, KLP divested from 14 companies involved in producing nuclear missiles and other weapons. 

While explaining the fund's decision to the Associated Press, Kiran Azis, KLP's head of responsible investments said a "U.N. treaty on eliminating nuclear weapons took effect in January, so investors like KLP must apply more stringent standards to companies that contribute to making those weapons."

KLP also joined the Open Statement to the First Meeting of States Parties to the TPNW.