Keeping our house in order
Through our own operations and procurement activities, we aim to contribute to sustainable development, and to ensure that human rights and workers’ rights are not infringed.
Sustainability reporting
We report on how we work with sustainability in our daily operations, and how we address sustainability in our investment activities. Since 2008, sustainability reporting has been an integral part of our annual report, and certified by an independent party.
Our sustainability principles
- We aim for our business activities to contribute to achieving the UN Sustainable Development Goals (SDG), as well as related international and commitments made by the authorities of the countries we operate in.
- We prioritise our work on selected SDGs that we can make a significant impact on, and that significantly impact us.
- We help our customers to make more sustainable choices, through the services and products we offer.
- We are a responsible employer.
- We take sustainability into account in all processes and decisions – from overall responsibility by board and executive management, to execution by individual managers and employees. .
- We collaborate with customers, suppliers, authorities and partners in our efforts to achieve sustainability.
- We are transparent about both our sustainability efforts and the results we achieve.
Reducing our climate impact
- We work systematically to continuously reduce the environmental impact of our business operation. Since 2009, Storebrand's environmental management system has been certified by Eco-Lighthouse.
- We have set a target to reduce greenhouse gas emissions by 7.6 per cent per year from the 2019 level in our own operations, in line with the 1.5°C target and the conclusions of the UN Emissions Gap report 2019.
- Storebrand operates in several parts of Europe. We have a travel policy to reduce air travel, and encourage employees to use video conferencing or public transport whenever possible.
- We deduct an internal carbon tax on all air travel and invest in climate credits in carbon capture and storage, afforestation and biochar.
Expectations for suppliers
- Storebrand is a member of the UN Global Compact. Suppliers and subcontractors must demonstrate that they follow the same minimum standard for human rights, labour rights and corruption prevention.
- Our ambition is for suppliers to reach net zero in 2050.
- Suppliers must have good internal ethical guidelines and should follow the Initiative for Ethical Trade Guidelines or the social responsibility/corporate social responsibility (SA 8000) standard.
- Storebrand shall not use suppliers or products that violate international agreements, national legislation or internal guidelines.
Transparency and business ethics
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We work actively against corruption in our own operations and with our suppliers. We have clear ethical guidelines and code of conduct, and all employees must undergo annual anti-corruption training.
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We have guidelines for anti-money laundering and anti-terrorist financing, and we monitor to uncover suspicious transactions.
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All employees must carry out anti-money laundering and terrorist financing training.
Sustainability library
Storebrand's latest sustainability reports, guidelines, policies, and other documents related to our reporting systems.