Climate Change Data

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Human Rights
• Responsible Business Conduct
• Transparency

Environmental Achievements

• Storebrand ASA made it into the CDP's A List Europe for its leadership in environmental transparency and action.
• Storebrand Asset Management became an inaugural Taskforce on Nature-related Financial Disclosures (TNFD) Early Adopter.

Social Achievements

• Storebrand ASA has been selected by the data provider Equileap as the world’s second-best company in gender equality.
• Storebrand Asset Management is working with a group of NGOs and investors to develop and pilot a process for identifying, analyzing, prioritizing, and managing portfolio risk linked to business operations and relationships in CAHRA (Conflict Affected and High-Risk Areas).

Governance Achievements

• Storebrand Asset Management changed its voting procedures to disclose all voting choices publicly five days in advance of shareholder meetings.

Climate Goals & Targets

Environmental Challenges

• Rising harms and violations of human rights associated with Conflict Affected and High-Risk Areas (CAHRA).
• Insufficient data on nature-related risks at the company level.
• Challenges in the infrastructure market due to higher inflation and interest rates.
• Insufficient transition plans from oil and gas companies.

Mitigation Strategies

• Several exclusions of companies based on human rights violations and environmental concerns.
• Collaboration with investors and NGOs to develop a process for managing CAHRA risks.
• Implementation of TNFD methodology to better understand nature-related risks and opportunities.
• Engagement with companies to improve their climate strategies and disclosures.
• Focus on investments in sustainable infrastructure assets.

Supply Chain Management

Responsible Procurement

• Engagement with companies to improve their environmental and social due diligence in supply chains.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Investments in renewable energy and sustainable infrastructure.

Reporting Standards

Frameworks Used: PRI, CDP, TNFD, CSRD, TCFD

UN Sustainable Development Goals

• Goal 7 (Affordable and Clean Energy)
• Goal 13 (Climate Action)
• Goal 15 (Life on Land)

Storebrand's initiatives contribute to these goals through investments in renewable energy, climate action engagement, and biodiversity conservation.

Awards & Recognition

• Morningstar Awards for Best Europe Equity Fund in Finland and Best Asset Manager in Denmark
• Sustainable Actor of the Year by Söderberg & Partners in Sweden

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Human Rights
• Deforestation
• Living Wages

Environmental Achievements

• Made great progress against 2025 climate targets (details not quantified in provided text)
• Increased stake to become majority owner in Danish infrastructure fund manager AIP Management, furthering commitment to sustainable infrastructure investments.

Social Achievements

• Co-filed shareholder resolutions at Amazon and Meta focusing on workers' rights and human rights risks, respectively.
• Sent a letter to over 90 companies encouraging action on living wages/living income.

Governance Achievements

• Voted on 76 climate-related proposals, pushing for ambitious transition plans and science-based targets.
• Voted against company financial statements or relevant board directors at 23 companies for poor climate risk management and 17 for deforestation.

Climate Goals & Targets

Environmental Challenges

• Difficult stages remain ahead in achieving climate targets.
• Challenges in implementing regulations such as EU's deforestation regulation (market leakage, burden on producing countries, impact on smallholder producers).
• Significant challenges with the implementation of regulations such as EU, such as risk for market leakage; an overly heavy burden being placed on producing countries; and smallholder producers being cut off the market.
• Closing the global biodiversity funding gap.
• Misalignment of financial flows with biodiversity goals.
• Lack of proportionate investment in content moderation resources and expertise in Meta’s global majority markets.

Mitigation Strategies

• Founding work on established frameworks and methodologies (e.g., NZIF 2.0).
• Escalating engagement with companies through shareholder resolutions and voting.
• Supporting development of tools like ENCORE to reveal and act on nature-related risks.
• Advocating for smarter policy and investment choices, shifting capital away from harmful behaviors.
• Mandating credible nature transition plans.
• Continued engagement with companies on issues raised in shareholder resolutions.

Supply Chain Management

Responsible Procurement

• Working to eliminate commodity-driven deforestation from investment portfolio.
• Engaging with companies on living wages and living incomes.

Climate-Related Risks & Opportunities

Opportunities

• Investments in sustainable infrastructure.

Reporting Standards

Frameworks Used: NZIF 2.0, Taskforce on Nature-related Financial Disclosures (TNFD), UN Guiding Principles

Awards & Recognition

• Listed 41st in TIME magazine’s “World Most Sustainable Companies of 2024”