Driving change through engagement and dialogue
We engage companies on their sustainability practices, management of risks to people and the environment, developments in accordance with changing regulations, mitigating reputational risks, and expectations from their shareholders and society at large.
In our experience, the best results are achieved through co-operation with other investors and when engaging individually, through targeted engagement with companies where our ownership level is highest.
Biodiversity and ecosystems
Nature underpins all economic activities. Protection and sustainable management of oceans, forests, wetlands and other sensitive ecosystems is essential to long-term social and economic stability. Environmental degradation puts at risk the capacity of nature to continue to generate the ecosystem services which businesses and society depend on.
Failure to recognize business dependencies and impacts on nature expose companies, and the financial institutions that invest in them, to ‘hidden’ risks.
The Race to Net-Zero
Storebrand is committed to achieve net zero greenhouse gas emissions across all its assets under management by 2050. Storebrand was one of the founding members of the United Nations-convened Net-Zero Asset Owner Alliance. We also became a member of the Net Zero Asset Managers Initiative in 2021.
Our long-term ambition is backed up by short-term strategies and by 2025 emissions for specific asset classes will be reduced by 32%.
Corporate sustainability disclosure
Storebrand believes that all companies should report on standardized and company specific sustainability metrics. This will benefit all stakeholders and increase transparency. The level of oversight and reporting on ESG-specific issues are good indicators of how a company measures and manages its exposure to sustainability risks.
Resilient supply chains
Respect for labour rights in company supply chains has been an important engagement theme for Storebrand over the years.
Building on this work, we made it our main focus theme for engagement within social issues in 2021 -2023.